MoneyGram Eyes Launch of Non-Custodial Digital Wallet

MoneyGram International, Inc., a leading global financial technology company, has unveiled its plans to introduce a its own non-custodial digital wallet, which is scheduled to debut in Q1 2024.

The non-custodial digital wallet will redefine cross-border payments, allowing customers to utilize stablecoin technology to seamlessly move from fiat to digital currency, to fiat again. Also, users will be able to seamlessly send digital assets to other users in the wallet.

"Our vision to connect the world's communities, by empowering our customers through innovative financial solutions, takes another step forward today. Through the services we provide in partnership with SDF (Stellar Development Foundation), MoneyGram has made strides to create equitable access to the global financial system, having become the single largest fiat on and off-ramp provider offering blockchain access worldwide," shared Alex Holmes, MoneyGram Chief Executive Officer.

In April, Fazzaco reported that MoneyGram has launched its MoneyGram Online service in Chile​, further expanding its global reach.