• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

MoneyGram and Stellar’s Partnership is the news crypto investors would want to hear!

Nishant K by Nishant K
June 1, 2022
in Crypto
0
Moneygram and Stellar's partnership

Picture Credits: CoinQuora

215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

MoneyGram and Stellar’s partnership!

MoneyGram and Stellar’s partnership started in October 2021, when both the companies went on to collaborate the connection of digital wallets to the Stellar network, thereby granting users access to MoneyGram’s global retail platform. MoneyGram certainly feels that cryptocurrency is the new age revolution and is here to stay. It also feels that, collaborating with Stellar will help MoneyGram to grow its network in the crypto sphere. Previously, MoneyGram had announced a series of partnerships with Stellar which were more or less successful. The utilization of blockchain technology was one of the prominent collaborations between the two. MoneyGram also went on to invest in crypto firms such as investing in Coinme (The largest Licensed Cryptocurrency Cash Exchange in the U.S)

You might also like

Unraveling the Binance Drama: Former CEO Changpeng Zhao’s Legal Turmoil in the U.S.

Tron Emerges as a Key Player in Israel’s Battle Against Militant Financing

Unlocking the Vault: Anticipating the Release of $750 Million in Cryptocurrency Tokens by December

 

MoneyGram’s new partnership with Stellar to bridge the gap between crypto and fiat currencies!

MoneyGram recently announced its intentions to launch a service in partnership with Stellar blockchain, allowing the users to sell stablecoins and covert them into fiat currencies without any complexities or hinderances.

The CEO of MoneyGram, Alex Homes feels that both cryptocurrency and fiat currency are not compatible to one another as of today. But he envisions to bridge the gap between the both to revolutionize the financial sector.

MoneyGram will use Stellar’s blockchain, to build a platform for stablecoins which will be used in remittance payments. The platform is tipped to use Circle’s USD coin when the service comes into existence.

 

MoneyGram explores El Salvador!

MoneyGram explores El Salvador
Picture Credits: Anadolu Agency

Since, EL Salvador was the first country to announce bitcoins as its official legal tender, it provides investors, companies with a great opportunity to tap the market. Alex Homes, the company is also in talks with third party companies prevalent in EL Salvador which provide digital wallets to its customers. MoneyGram wants to explore and tap the opportunities present in EL Salvador which will directly boost the new service which is soon going to be launched in partnership with Stellar.

Crypto Market Crash and its impact.

The Crypto market crash was a catastrophic one which wiped out billions of dollars from the market. The Terra’s inability to save both of its stablecoins made the crash look more fatal than it was. But, Homes has been optimistic about cryptocurrency from the start. He feels cryptocurrency is here to stay and its volatile nature cannot influence the investors to stop trading in it.

The news of partnership between MoneyGram and Stellar will surely help the market to grow and revive back from the crash. Though the extent of revival will only depend on the type of measures these companies take and the behavior of the investors will directly influence the market after such a debacle.

 

Tags: #Crypto#cryptoexchange#CryptoMarket#MoneygramcryptocurrencyPartnershipStellar
Tweet54SendShare15
Nishant K

Nishant K

Recommended For You

Unraveling the Binance Drama: Former CEO Changpeng Zhao’s Legal Turmoil in the U.S.

by Anochie Esther
November 28, 2023
0
Changpeng Zhao

Changpeng Zhao, the former CEO of Binance, finds himself entangled in legal complications as he confesses to violating U.S. anti-money laundering laws. A federal judge's recent ruling mandates...

Read more

Tron Emerges as a Key Player in Israel’s Battle Against Militant Financing

by Om Chaturvedi
November 28, 2023
0
Tron Emerges as a Key Player in Israel’s Battle Against Militant Financing

  ## Introduction   In the ongoing struggle against the funding of Iran-backed militant groups, a new battleground has surfaced in the form of a rapidly growing crypto...

Read more

Unlocking the Vault: Anticipating the Release of $750 Million in Cryptocurrency Tokens by December

by Om Chaturvedi
November 28, 2023
0
Crypto

In the ever-evolving landscape of cryptocurrency, a groundbreaking event is poised to unfold this December as a staggering $750 million worth of digital assets are set to be...

Read more
Next Post
Goldman Sachs and FTX integrate

Goldman Sachs and FTX plan on integration to enhance the trading of Crypto Derivatives

Leave a Reply Cancel reply

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

Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems .

Related News

How To Get To Bean Valley in Super Mario RPG

How To Get To Bean Valley in Super Mario RPG

November 19, 2023
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
How to see hidden replies on Twitter

How to see hidden replies on Twitter

November 17, 2023
How To Play Naruto x Boruto Ultimate Ninja Storm Connections with Friends

How To Play Naruto x Boruto Ultimate Ninja Storm Connections with Friends

November 19, 2023
Cybertruck in a showroom

Tesla Cybertruck Showroom Locations: Where to See the Electric Beast in Person

November 24, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?