MoneyGram comes to help you.
These last few years, several corporations try to take cryptocurrencies as the part of them.
It is because cryptocurrencies’ growth massively and have positive responds from public
Therefore, the companies seeing a good opportunity
By take cryptocurrencies as their part, they will get the benefit
It such the win-win solution both for public and company
But, some company won’t take any risks
So that they try to find a way to get the benefit, but minimizing the risks
Seeing that condition, some other companies come up
They come up as the solution
MoneyGram is the latest company that jump on board with this new fintech trend.
Then, MoneyGram International has partnered with the Stellar (XLM) blockchain
In order to create a new service that will let people send stablecoins
And convert them into hard currencies.
MoneyGram’s CEO Alex Holmes, said that the stablecoins is the beginning to take off as a significant medium for exchange.
Holmes also said;
“The world of crypto and the world of fiat are not really compatible today. We’re trying to be a bridge from the crypto world to the fiat world.”
MoneyGram is working together with the Stellar blockchain to let people use digital wallets on its platform to convert their balances into Circle Internet Financial’s stablecoin.
This will allow anyone later cash out through MoneyGram’s payment processing system.
- More to read: Ripple’s CEO Sees Crypto EO As A Good Start