Global Payment Processing Giant MoneyGram to Launch Non-Custodial Crypto Wallet

Reported Cointelegraph, Global payment company MoneyGram announced to launch a non-custorial crypto wallet built on Stellar network. The wallet will use Stellar network and MoneyGram's fiat on and off-ramp services to facilitate instant transaction.

The wallet will allow users to leverage stablecoin technology to move between fiat and digital currencies, and is intended to strengthen the company’s focus on its core competence of cross-border remittance and payment settlements. Wallet users will be able to send digital assets to other users as well, the company said.

MoneyGram wallet users will be able to cash out their assets at any partner MoneyGram facility, the company said, adding that all wallet users will have access to its global compliance screening tools to make way for safer and more secure digital assets transactions.

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