TheDinarian
News • Business • Investing & Finance
MoneyGram Announces Plans to Launch Non-Custodial Digital Wallet
September 27, 2023
post photo preview

Debuting in Q1 2024, the wallet will enable consumers to leverage stablecoin technology to seamlessly move from fiat to digital currency, to fiat again — all with the same global brand they trust

MoneyGram Chief Executive Officer, Alex Holmes, today shared the Company's plans to launch the wallet on stage at the Stellar Development Foundation annual Meridian conference

MoneyGram International, Inc. ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced plans to launch its own non-custodial digital wallet on stage at the Stellar Development Foundation ("SDF") annual Meridian conference. The wallet, which will officially debut in Q1 2024, will enable consumers around the world to leverage stablecoin technology to seamlessly move from fiat to digital currency, to fiat again — all with the same global brand they trust.

Introducing the MoneyGram Non-Custodial Digital Wallet 

The Company's non-custodial digital wallet will redefine cross-border payments and enable MoneyGram customers to send and receive money in new and exciting ways.

Once launched, wallet users will be able to visit any participating MoneyGram location to cash-out their digital assets to increase the utility of their holdings. Users will also be able to seamlessly send digital assets to other users in the wallet. Importantly, and unique to the industry, MoneyGram will apply its best-in-class global compliance screening capabilities to all wallet users.  

"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, 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 worldwide1," shared Alex Holmes, MoneyGram Chief Executive Officer.

 

"The MoneyGram non-custodial digital wallet advances this mission even further. We're thrilled to have the vision, strategic plans, innovative technology and expansive retail network in place to continue offering consumers access to the digital economy, but now further backed by our global reputation for speed, efficiency and trust."

As the Company rolls out the wallet next year, MoneyGram will expand the wallet's capabilities and introduce new features within the app that will help further bridge the worlds of international money transfers and blockchain payments.

Building on the Company's Global Fiat On and Off-Ramp Service   

In 2022, MoneyGram launched a first-of-its-kind global fiat on and off-ramp service for digital wallets2 to increase the utility of digital assets by creating a bridge between fiat and digital currencies. Since launch, the Company has expanded the service to eight digital wallets on the Stellar blockchain, providing consumers the ability to cash-out in 180+ countries and cash-in in 30+ countries around the world.3     

The MoneyGram non-custodial digital wallet – which will be offered as a zero-fee service until June 2024 – will leverage the Stellar network and MoneyGram's fiat on and off-ramp services integrated with the Stellar network. The wallet was built by Cheesecake Labs in partnership with MoneyGram.  

Holmes concluded: "As a global fintech, the work we're doing on the blockchain is one of the many ways we're thinking differently about how MoneyGram's services can play a broader role in the lives of consumers globally. We're excited to continue to share more in the coming months."  

About MoneyGram International, Inc.

 MoneyGram International, Inc. is a leading global financial technology company that connects the world's communities. Through its expansive set of fintech offerings, MoneyGram provides millions of consumers annually the ability to seamlessly send money home to family and friends, and buy, sell and hold cryptocurrencies on its industry-leading app. The Company's innovative cross-border platform enables its customers to send funds directly into bank accounts and mobile wallets or cash-in and cash-out more than 135 currencies and numerous cryptocurrencies through one of the largest cash distribution networks in the world. Modern, mobile and API-driven, MoneyGram's white-labeled remittance service also provides some of the world's top brands and organizations the ability to disburse funds directly to their consumer clients. Based in Dallas and known for its strong corporate culture globally, MoneyGram has been named a recipient of the Top Workplaces USA award for two consecutive years, an honor based entirely on employee feedback.

 

1 https://stellar.org/resources/the-block  
2 https://www.prnewswire.com/news-releases/moneygram-launches-pioneering-global-crypto-to-cash-service-on-the-stellar-network-301565815.html
https://www.moneygram.com/intl/moneygramaccess

Link

The Dinarian On Locals is a labor of love that I pour my heart and soul into during my personal time. Countless hours are dedicated to delivering you the most up-to-date, unfiltered, and authentic news and information. Your support means the world to me, and I invite you to consider making a donation or becoming a dedicated supporter of this project. Any amount of XRP donations can be sent to XRP address: rqEy1PDACRg3p9RaVEZz6jU1g9RgguP91 or by scanning the QR code below and are not only appreciated but needed... 


To those of you already backing my efforts, I extend my deepest gratitude. Your generosity fuels this mission, and I genuinely thank you from the depths of my heart. Together, we can continue to bring you the best results and make a significant impact in everyones future! ~D

 

 

 

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
⚠️ Vietnam has closed 86 million bank accounts...

"Vietnam has closed 86 million bank accounts... because they refused... the digital ID."

"You had to register a digital ID with biometric data... And if you don't do it, we'll take your money, whether you like it or not."

"It's coming here. They're pushing for digital IDs."

"We had it during Covid. Oh, just get one vaccination and you'll be fine. And then they took away your permissions... and said, no, actually, you need another one. And then another one."

"The more we give away our freedom, our power, the more they'll take."

"We are on the edge of a cliff... We have to show that we are not going to allow this or accept this. Because if we all stopped going to work, or we all stopped using our cards, they'd... listen to us rather quickly."

"And that's a choice we still have at the moment. If cash disappears, that choice is gone forever."

"And I wouldn't like to think of the world where we are controlled—where we can drive, where we can fly, what food we can eat—and the bank can choose ...

00:03:23
It's All About The Bloodlines Retaining Control 👁 THEY Are Targeting The Children

Chelsea Clinton has launched a new podcast aimed at “debunking misinformation” on health topics like vaccines and fluoride, featuring a lineup of so-called experts.

The show, That Can’t Be True!, will cover topics like childhood vaccines, fluoride, and raw milk, with Clinton and guests aiming to dismiss “misleading” claims.

Clinton has previously admitted to working with the World Health Organization and the Gates Foundation on a massive childhood immunization campaign 👉 to catch as many kids up as possible. 👩‍👧‍👧

00:02:26
Built On Stellar XLM 💎 😉

Blockchain adoption demands both privacy and transparency. Stellar is built for both.

@tomerweller, SDF's Chief Product Officer, shares the path to privacy on Stellar:

Dont underestimate Stellar..
This is financial advice. 💎

00:01:01
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

🚨 JAPAN TOURS ENABLED ON XRP LEDGER & STABLECOIN PAYMENTS VIA GRAB 🚨

Japan’s tourism industry is gearing up for an upgrade, as SBI Ripple Asia partners with travel agency Tobu Top Tours to roll out blockchain-powered payments on the XRP Ledger, while USDC and USDT payments launch for everyday use via the Grab super-app as part of Asia Express.

🔑 Key Points:

🔹 XRP Ledger Tourism Payments: SBI Ripple Asia and Tobu Top Tours will issue custom tokens and NFTs on the XRP Ledger, enabling visitors to pay for accommodation, dining, shopping, and experiences in Japan through instantaneous and cost-effective digital transactions.

🔹 Stablecoins Go Mainstream: In Singapore, OKX and Grab introduce USDC and USDT payments for rides, food delivery, and local commerce, making stablecoin spending part of daily habits across millions of consumers.

🔹 NFT-Driven Engagement: Tourism transactions on the XRP Ledger will also feature NFT-based incentives, digital keepsakes, and loyalty rewards, expanding use...

The Pyth Networks Booth At Suifest 🚀
post photo preview

🚨 RIPPLE PARTNERS WITH UC BERKELEY TO LAUNCH DIGITAL ASSETS CENTER 🚨

Ripple has partnered with the University of California, Berkeley’s College of Engineering to establish a new Center for Digital Assets (CDA), backed by $1.3 million in funding denominated in Ripple’s USD-backed stablecoin, $RLUSD. The center aims to advance pioneering research at the intersection of blockchain technology and digital twin innovations to revolutionize how physical assets are captured, valued, and exchanged in the digital realm.

🔑 Key Points:

🔹 Funding & Mission: Ripple’s $1.3 million $RLUSD donation funds collaborative research designed to develop trusted methods for defining and measuring digital asset value—spanning blockchain-based assets such as NFTs, cryptocurrencies, and tokenized real-world assets, including digital replicas of physical items (digital twins).

🔹 Partnership & Impact: The center combines UC Berkeley’s academic expertise with Ripple’s technical resources, building on a ...

post photo preview
The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto Donations👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals