MoneyGram Expands Web3 Strategy with Non-Custodial Digital Wallet

Non-custodial digital wallets have gained popularity in the crypto industry, with major banks like Standard Chartered and BNP Securities Services also involved. PayPal recently introduced the PayPal USD stablecoin for US customers.

🚀 MoneyGram's digital wallet will enable users to access their digital assets at MoneyGram locations worldwide and facilitate digital currency transfers within the wallet. The company will apply its global compliance screening to wallet users.

👔 Alex Holmes, MoneyGram's CEO, stated, "Our vision to connect the world's communities... takes another step forward today... offering blockchain access worldwide."

🌐 This announcement follows MoneyGram's launch of a global fiat on and off-ramp service last year, supporting digital wallets on the Stellar blockchain.

💼 Stellar-backed MoneyGram Access partners with crypto exchange WhiteBIT as part of an effort to accelerate its adoption.

MoneyGram Expands Web3 Strategy with Non-Custodial Digital Wallet

Deniz Tutku

MoneyGram Expands Web3 Strategy with Non-Custodial Digital Wallet

MoneyGram Expands Web3 Strategy with Non-Custodial Digital Wallet

Deniz Tutku

MoneyGram Expands Web3 Strategy with Non-Custodial Digital Wallet

MoneyGram Expands Web3 Strategy with Non-Custodial Digital Wallet

😀 MoneyGram is set to launch a non-custodial digital wallet utilizing stablecoin technology. This wallet will allow users to convert fiat money into digital currency and vice versa. The release is scheduled for early 2024.