November 18, 2021, 12:01 a.m. • Innovation~Partnerships|Innovation~Technology
In early October, MoneyGram announced a partnership with the Stellar Development Foundation to integrate the Stellar blockchain into MoneyGram's network and enable cash funding and payout in local currency with Stellar USDC, complete with near-instant backend settlement capabilities. This collaboration between MoneyGram and SDF has enabled one of the quickest, most seamless integrations yet!
In just a little over one month, MoneyGram and SDF have hit the first major milestone in the partnership by launching a live cash-in and cash-out pilot in the U.S. Pilot participants can now deposit cash into their digital wallets at participating MoneyGram locations and send payments internationally via Stellar USDC. The pilot also lets participants exchange Stellar USDC for any cash currency supported on the MoneyGram platform.
Learn More about the MoneyGram and Stellar integration