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MoneyGram to launch noncustodial crypto wallets by Q1 2024

Published 09/26/2023, 09:28 AM
Updated 09/26/2023, 11:00 AM
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Payment processing giant MoneyGram is set to launch its own noncustodial crypto wallet, the company’s CEO, Alex Holmes, announced during the Stellar Development Foundation annual Meridian conference.

The noncustodial crypto wallet will be built on the Stellar network and hit the market in the first quarter of 2024. The wallet was created in partnership with Cheesecake Labs and will use the Stellar network and MoneyGram’s fiat on and off-ramp services to facilitate instant transactions. There will be no charge to use it until June 2024.

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