Skuy.
  • Home
  • Opinion
  • Editorial
  • Culture
  • Global
  • Essay
  • Letters
  • Sports
  • Education
No Result
View All Result
Get Started
Skuy.
  • Home
  • Opinion
  • Editorial
  • Culture
  • Global
  • Essay
  • Letters
  • Sports
  • Education
No Result
View All Result
Skuy.
No Result
View All Result

MoneyGram, Stellar Development Team on eWallet Offering Near-Instant Settlements in USDC – PYMNTS.com

rixymidya by rixymidya
20 May 2022
in Articles
0
Share on FacebookShare on Twitter

MoneyGram has announced that is be partnering with the Stellar Development Foundation, a nonprofit organization, to enable cash funding and payout in local currency for consumers using U.S. Dollar Coin (USDC), along with almost instantaneous back-end settlements, according to a press release.
The partnership will let customers convert USDC to cash or vice versa, which will boost utility and liquidity of digital assets, the release stated. It will also allow more consumers to access the digital economy.
“At MoneyGram, one of our top strategic priorities is to pioneer cross-border payment innovation and blockchain-enabled settlement, and we’re thrilled to now work with the Stellar Development Foundation to further our efforts,” said MoneyGram Chairman and CEO Alex Holmes in the release. “As crypto and digital currencies rise in prominence, we’re especially optimistic about the potential of stablecoins as a method to streamline cross-border payments. Given our expertise in global payments, blockchain and compliance, we are extremely well-positioned to continue to be the leader in building bridges to connect digital currencies with local fiat currencies.”
Settlements with MoneyGram will now happen in near-instant with USDC, which will improve the collection of funds, boost efficiency and decrease risk, according to the release.
Stellar Development Foundation CEO and Executive Director Denelle Dixon said in the release that the partnership shows “how blockchain technology and stablecoins bring new opportunities to global customers and enhance the existing financial system.”
She said a new swathe of cash users will now “be able to convert their cash into and out of USDC,” which will help them get faster, more nimble digital asset services, per the release.
MoneyGram has been a target of takeover interests as it has moved further away from legacy services. In July, Stellar and private equity firm Advent International were mulling the acquisition of MoneyGram.
Read more: MoneyGram Mulls Takeover Interest From Stellar Development
Ant Group previously also expressed interest in buying the company, but regulatory pressure nixed that idea.
——————————
NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORE CARDS – APRIL 2022

About: Shoppers who have store cards use them for 87% of all eligible purchases — but this doesn’t mean retailers should boot buy now, pay later (BNPL) options from checkout. The Truth About BNPL And Store Cards, a PYMNTS and PayPal collaboration, surveys 2,161 consumers to find out why providing both BNPL and store cards are key to helping merchants maximize conversion.
Modernizing payments is a critical initiative for financial institutions (FIs) and corporations of all sizes. The benefits are wide-ranging: Successful modernization makes…
Not bad. Relatively speaking, that is. In a week where sentiment in the stock market has been driven by retailers — Target,…
Call it the super app halo effect — maybe a long-lasting one, perhaps it’s only temporary. Grab Holding’s latest earnings report helped…
You have successfully joined our subscriber list.
© 2022 What’s Next Media and Analytics™

source

You might also like

Best Bіnоmо Strаtеgу (Tірѕ аnd Trісkѕ tо Bесоmе a Successful Trader)

17 September 2022

19 TikTok Content Ideas for Business

16 July 2022
rixymidya

rixymidya

Related Stories

Best Bіnоmо Strаtеgу (Tірѕ аnd Trісkѕ tо Bесоmе a Successful Trader)

by rixymidya
17 September 2022
0

Multірlе оnlіnе trading platforms hаvе еmеrgеd оn thе іntеrnеt, but very fеw hаvе mаnаgеd tо ѕtаnd out from the mаѕѕеѕ....

19 TikTok Content Ideas for Business

by rixymidya
16 July 2022
0

On the face of it, TikTok and small businesses do not seem like a match made in heaven. The popular...

E-Wallet Payments Now Accepted By All Government Services – Lowyat.NET

by rixymidya
5 July 2022
0

A new circular from the Treasury has revealed that all federal ministries and their departments will now accept e-wallet payments...

FOREX-Dollar dips as hopes rise that inflation has peaked – Yahoo Finance

by rixymidya
5 July 2022
0

(Adds details, updates prices)By Chuck MikolajczakNEW YORK, June 7 (Reuters) - The U.S. dollar index retreated from earlier highs and...

Next Post

3 Alasan Kenapa Kamu Masih Belum Profit Trading Crypto!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Skuy Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.