DALLAS—MoneyGram plans to launch its own non-custodial digital crypto wallet in Q1 2024.
According to the company, the move 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.”
“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,” the company said.
Users will also be able to send digital assets to other users in the wallet.
The ‘Vision’
"Our vision to connect the world's communities, by empowering our customers through innovative financial solutions, takes another step forward today,” said MoneyGram CEO Alex Holmes. “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 worldwide.”
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