Money wire service MoneyGram is expanding into the world of crypto and digital payments with plans to launch its own non-custodial digital wallet.
With the wallet, MoneyGram customers will be able to convert fiat to crypto and vice versa. The wallet will be released in the first quarter of 2024 and will be grounded on stablecoin technology.
Last month, the Stellar Development Foundation, or SDF, which builds on the Stellar blockchain, announced it had made a strategic investment in MoneyGram.
SDF partnered MoneyGram two years ago in order to facilitate crypto payments and to launch a cash-to-crypto service.