SDF's commercial partnership with MoneyGram officially began in 2021.
The Stellar Development Foundation – the organization behind the Stellar network that facilitates cross-border transactions – announced becoming a minority investor in payments giant MoneyGram International.
The latest investment is the first of its kind made from SDF’s treasury which includes a position on MGI’s Board of Directors. Denelle Dixon, SDF CEO and Executive Director, will occupy that role, according to the official announcement.was sourced from SDF’s internal cash reserve, Dixon said in a statement. This cash reserve is designated to support the operations of the non-profit organization rather than the Enterprize Fund, which targets investments in startups and emerging businesses.
The exec mentioned that the investment is expected to position SDF as a crucial player aiding MoneyGram in expanding its digital business, exploring blockchain technology, and contributing to the many other ways the fintech company allows consumers and businesses to transfer and manage money in nearly every country across the globe.
“This is an exciting time for SDF and MGI, and I believe the opportunities will only grow. Continuing to build strong partnerships with organizations across the payments space puts SDF one step closer to achieving our mission of creating equitable access to financial services.”dates back to October 2021, when the two joined forces to settle transactions with USDC stablecoin for instant and cheaper transactions.
While Ripple secured a partial victory against the SEC this year, MoneyGram has not yet revisited the idea of reinstating the partnership. With SDF, on the other hand, the payment company
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
XRP Price Prediction: SEC vs. Ripple lawsuit’s 100% rally could be just the startXRP price rallied nearly 100% after Ripple scored a partial victory against the US Securities and Exchange Commission (SEC) in the SEC vs. Ripple laws
Lire la suite »
XRP Price Dips Below $0.6 As Investors Lose Hope in RippleMajor cryptocurrencies are registering steep losses as a perfect storm led by worsening inflation levels, SEC’s hawkish stance and struggling equities has
Lire la suite »
Big Bounce to $0.9 Possible for XRP if This Critical Level Holds (Ripple Price Analysis)Ripple's price is yet to show any sign of bullishness after a decisive rejection from a significant resistance level. However, the market has currently
Lire la suite »
SEC Can Argue for Right to Appeal Groundbreaking XRP Ruling in Ripple Case, Judge SaysA federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.
Lire la suite »
How to Buy XRP (XRP) GuideBinance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
Lire la suite »
Stellar (XLM) Foundation Announces MoneyGram InvestmentInvestment grants Stellar a seat on MoneyGram's board of directors
Lire la suite »