The companies started talking about this current product

The companies started talking about this current product

In one key meeting last summer, Dixon told MoneyGram CEO Alex Holmes that “the thing that had been missed in a lot of different spaces is how much blockchain and crypto needs MoneyGram.”

But most of the anchors on Stellar are regional players, and not all have physical cash-in or -out locations

The product was built over the next several months, and a pilot began in has licenses and operations in 200 countries and territories, with more than 420,000 agent locations, which allowed for a relatively quick build. ent at Stellar Development Foundation, praised MoneyGram’s “ability to abstract out all the complexity.”

With this product, users can bring fiat currency to a MoneyGram location, convert it to crypto and convert crypto back out to fiat. Photo: MoneyGram

Stellar has seen payments grow more than 500% on its network over the past year, but it needs to increase access for retail users. In 2016, it launched its first anchors – a network of regulated financial institutions, money service businesses, stablecoin issuers and other providers of on-ramps and off-ramps. It now has about 50 anchors in places like Brazil, Nigeria, the Philippines and the U.S. (mehr …)