Cross border crypto payments network Stellar today announced an investment in major money transfer company MoneyGram International.
In a Tuesday statement, the foundation behind XLM said it had become a minority investor in MoneyGram using money from its own cash treasury.
The Stellar Development Foundation‘s Director of Communications and Public Affairs Ellen Canale told Decrypt that the “investment isn’t specific to any particular work” but because “we are confident in the organization, management, and board, and the company’s plans for the future focused on increasing MGI’s digital investment and bringing value to the under and unbanked through digital experiences.”
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Author: Mathew Di Salvo
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