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.
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper.
Stellar Development Foundation said that the investment in MoneyGram in growing its digital business, researching blockchain technology, and contributing in other ways.
SDF CEO believes that the Money Fund is ideally suited to run on the Stellar blockchain network.