MoneyGram to launch non-custodial crypto wallets by Q1 2024
The non-custodial wallet will continue MoneyGram’s remittance focus allowing users to easily convert their digital assets to fiat. Payment processing giant MoneyGram is all set to launch its own non-custodial crypto wallets, the company’s chief executive officer, Alex Holmes, announced during the Stellar Development Foundation annual Meridian conference. The non-custodial 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 the Cheesecake Labs, and will make use of 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. The wallet will allow users to leverage stablecoin technology to move between fiat and digital currencies, and is intended to strengthen the company's focus on its core competence of cross-border remittance and payment settlements. Wallet users will be able to send digital ass...