MoneyGram, a money transfer service, has just announced it intends to launch a non-custodial wallet for digital assets leveraging "stablecoin technology" in the first quarter of 2024.
The new product will reportedly allow customers to "seamlessly move from fiat to digital currency, to fiat again."
Alex Holmes, CEO of the company, has said:
"Through the services we provide in partnership with SDF, MoneyGram has made strides to create equitable access to the global financial system."
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MoneyGram added the ability to trade and store Bitcoin, Ethereum and Litecoin on its mobile app for US users in October last year.
That same month, the Stellar Development Foundation team launched a $100 million fund to provide incentives for developers to create public products and services on a smart contract platform called Soroban.