MoneyGram, a leading payments company, will launch a non-custodial crypto wallet during the first quarter of next year. The wallet will leverage the Stellar network and MoneyGram’s fiat on and off-ramp services to revolutionize cross-border payments and allow customers to transact effortlessly with digital assets and fiat currencies. Transactions on the digital wallet will be free within the first six months of the year to incentivize adoption. MoneyGram will also implement its global compliance screening tools for all users to ensure that the wallet adheres to local regulatory mandates. The wallet was built in partnership with Cheesecake Labs. MoneyGram CEO Alex Holmes said the launch of this digital wallet builds on the company’s existing product and will cement MoneyGram as “the single largest fiat on and off-ramp provider offering blockchain access worldwide.”

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	10
People	Alex Holmes, Cheesecake Labs
Companies	Stellar Development Foundation, MoneyGram, Cheesecake Labs, KYC
Currencies	DeFiato, Ethereum, moneygram, Bitcoin, Stellar
Securities	None