MoneyGram International is a money transfer company to securely and quickly send or receive money.
MoneyGram International, Inc. is an American money transfer company based in the United States with headquarters in Dallas, Texas. It has an operations center in St. Louis Park, Minnesota and regional and local offices around the world. MoneyGram businesses are divided into two categories: Global Funds Transfers and Financial Paper Products. The company provides its service to individuals and businesses through a network of agents and financial institutions.
In 2014, MoneyGram was the second largest provider of money transfers in the world. The company operates in more than 200 countries and territories with a global network of about 347,000 agent offices.
Once the new service launches, MoneyGram platform will be using USD Coin (USDC) that the fintech company Circle and crypto exchange Coinbase jointly launched on the Stellar blockchain in order to quickly move value around the globe.
MoneyGram’s Chief Executive Officer Alex Holmes will remain at the helm of affairs in the company following the completion of the buyout.
Jay Clayton has a very positive disposition to Bitcoin (BTC) and Ethereum (ETH), both of which were classified as commodities by the SEC and the status was never challenged under his tenure.
