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Stellar’s MoneyGram Deal Challenges Ripple’s Cross-Border Dominance
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Stellar’s Strategic Stake in MoneyGram Poses Challenge to Ripple’s Cross-Border Dominance.
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Stellar, known for its global transaction efficiency using blockchain, strategically invested in MoneyGram, securing a minority stake.
This move, while undisclosed in detail, builds on their longstanding partnership, as highlighted by Austin Arnold of Altcoin Daily, emphasizing the use of operational funds for the investment.
The synergy between Stellar’s blockchain expertise and MoneyGram’s established transfer system offers an exciting prospect: an improved global remittance platform.
Aaron Arnold concurs, noting that Stellar aims to enhance cross-border payments with blockchain’s efficiency, while MoneyGram, known for reliability, can contribute despite not being the fastest or cheapest option. This partnership has the potential to redefine the landscape for both.
Austin Arnold adds his viewpoint:
“While MoneyGram’s significance may have faded in the last decade, this collaboration rejuvenates its prospects. Stellar’s investment is precisely aimed at enhancing MoneyGram’s blockchain capabilities.”
For purchasing Stellar efficiently and safely via PayPal, credit card, or bank transfer with low fees and deposit protection, eToro provides a solution. Begin with XLM now by visiting their website.
Ripple in the Rearview Mirror?
Amid ongoing developments, the blockchain community is buzzing about Ripple’s position. As a significant player in blockchain-enabled global transactions, Ripple gained attention for its legal victory against the SEC. While Ripple’s XRP holds a larger market capitalization compared to Stellar’s XLM, Stellar’s investment in MoneyGram could potentially shift this balance.
Aaron Arnold suggests,
“Stellar seems ready to challenge Ripple’s market share. While Ripple’s legal success was notable, Stellar’s recent moves are hard to overlook.”
Adding to the intrigue, Austin Arnold recalls a past interaction between Ripple and MoneyGram.
“Ripple once pursued a similar partnership with MoneyGram, but legal complexities and disagreements led to their separation.”
With the outcome of this investment settling, one thing is certain: the world of blockchain-based international transactions is heading for exciting times.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #MoneyGram #Ripple
Stellar’s Strategic Stake in MoneyGram Poses Challenge to Ripple’s Cross-Border Dominance.
Ad. Participate in Trigoz Airdrop & Get $50 worth of OZ Tokens Free Join Now
Stellar, known for its global transaction efficiency using blockchain, strategically invested in MoneyGram, securing a minority stake.
This move, while undisclosed in detail, builds on their longstanding partnership, as highlighted by Austin Arnold of Altcoin Daily, emphasizing the use of operational funds for the investment.
The synergy between Stellar’s blockchain expertise and MoneyGram’s established transfer system offers an exciting prospect: an improved global remittance platform.
Aaron Arnold concurs, noting that Stellar aims to enhance cross-border payments with blockchain’s efficiency, while MoneyGram, known for reliability, can contribute despite not being the fastest or cheapest option. This partnership has the potential to redefine the landscape for both.
Austin Arnold adds his viewpoint:
“While MoneyGram’s significance may have faded in the last decade, this collaboration rejuvenates its prospects. Stellar’s investment is precisely aimed at enhancing MoneyGram’s blockchain capabilities.”
For purchasing Stellar efficiently and safely via PayPal, credit card, or bank transfer with low fees and deposit protection, eToro provides a solution. Begin with XLM now by visiting their website.
Ripple in the Rearview Mirror?
Amid ongoing developments, the blockchain community is buzzing about Ripple’s position. As a significant player in blockchain-enabled global transactions, Ripple gained attention for its legal victory against the SEC. While Ripple’s XRP holds a larger market capitalization compared to Stellar’s XLM, Stellar’s investment in MoneyGram could potentially shift this balance.
Aaron Arnold suggests,
“Stellar seems ready to challenge Ripple’s market share. While Ripple’s legal success was notable, Stellar’s recent moves are hard to overlook.”
Adding to the intrigue, Austin Arnold recalls a past interaction between Ripple and MoneyGram.
“Ripple once pursued a similar partnership with MoneyGram, but legal complexities and disagreements led to their separation.”
With the outcome of this investment settling, one thing is certain: the world of blockchain-based international transactions is heading for exciting times.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #MoneyGram #Ripple
MoneyGram plans to launch its own non-custodial digital wallet at Stellar's Meridian conference, set to debut in Q1 2024.
#MoneyGram #Stellar
#MoneyGram #Stellar
- The AIDOGE #Launchpad launch is planned for August 22 at 16:00 (UTC+8), as per a tweet by ArbDoge AI.
- Users interested in participating in the mint process need to hold a specific quantity of AIDOGE in their wallets.
- #Starknet has unveiled its Cairo development roadmap, focusing on improvements for Cairo v2.
- The forthcoming version will emphasize heightened security and scalability features.
- Cairo v2 will introduce a new syntax to bolster security by clarifying contract behavior and minimizing errors, enhancing #protocol protection against potential hacks and fund losses.
- Additionally, the new syntax will enable extensibility, addressing developer community requests and facilitating the utilization of external libraries for component creation.
- Binance US has revealed the listing of $CUDOS.
- Deposits are currently accepted, and trading is scheduled to start on August 16, 2023.
- $CUDOS is associated with a decentralized cloud computing platform known as CUDOS.
- #CUDOS operates on its L1 blockchain and permits users to configure resources through a network of providers.
- JKLabs has secured $2 million in a successful Pre-Seed funding round.
- Investors include 1kx, Boys Club, Seed Club Ventures, and over 90 angel investors.
- JKLabs specializes in utilizing on-chain reputation for governance purposes.
- The project intends to tackle governance challenges, facilitating competitions, hackathons, grants, and incentives for on-chain community members.
- MoneyGram, a major cross-border Payment company, has introduced a new board of directors.
- The board includes Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation.
- Additional members comprise #MoneyGram CEO Alex Holmes, former EA Chief Experience Officer Chris Bruzzo, and EthosData Founder and CEO Francisco Lorca, among others.
- The board's focus is on directing the company's digital innovation strategy and aiding MoneyGram in enhancing its digital business and cross-border capabilities.
$BTC $ETH $BNB
- Users interested in participating in the mint process need to hold a specific quantity of AIDOGE in their wallets.
- #Starknet has unveiled its Cairo development roadmap, focusing on improvements for Cairo v2.
- The forthcoming version will emphasize heightened security and scalability features.
- Cairo v2 will introduce a new syntax to bolster security by clarifying contract behavior and minimizing errors, enhancing #protocol protection against potential hacks and fund losses.
- Additionally, the new syntax will enable extensibility, addressing developer community requests and facilitating the utilization of external libraries for component creation.
- Binance US has revealed the listing of $CUDOS.
- Deposits are currently accepted, and trading is scheduled to start on August 16, 2023.
- $CUDOS is associated with a decentralized cloud computing platform known as CUDOS.
- #CUDOS operates on its L1 blockchain and permits users to configure resources through a network of providers.
- JKLabs has secured $2 million in a successful Pre-Seed funding round.
- Investors include 1kx, Boys Club, Seed Club Ventures, and over 90 angel investors.
- JKLabs specializes in utilizing on-chain reputation for governance purposes.
- The project intends to tackle governance challenges, facilitating competitions, hackathons, grants, and incentives for on-chain community members.
- MoneyGram, a major cross-border Payment company, has introduced a new board of directors.
- The board includes Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation.
- Additional members comprise #MoneyGram CEO Alex Holmes, former EA Chief Experience Officer Chris Bruzzo, and EthosData Founder and CEO Francisco Lorca, among others.
- The board's focus is on directing the company's digital innovation strategy and aiding MoneyGram in enhancing its digital business and cross-border capabilities.
$BTC $ETH $BNB
Stellar (XLM) Partner MoneyGram Obtains Major Award by Newsweek.
Stellar (XLM) Partner MoneyGram Obtains Major Award by Newsweek.
#MoneyGram , a partner of the #Stellar (#XLM ) #blockchain network, has received a significant accolade from Newsweek. The renowned publication has recognized MoneyGram as one of America's Best Customer Service 2022 companies in the money transfer category.
This recognition reflects MoneyGram's commitment to providing top-notch customer service, which has become a key factor in the highly competitive money transfer industry. By partnering with Stellar, MoneyGram has been able to leverage the network's fast and low-cost payment processing capabilities to further enhance its services.
Stellar's blockchain technology provides a secure and reliable platform for financial transactions, making it an ideal partner for MoneyGram, which handles billions of dollars in transactions every year. By utilizing Stellar's network, MoneyGram can offer its customers faster, cheaper, and more efficient money transfer options than traditional methods.
The partnership between Stellar and MoneyGram has been a significant development in the world of blockchain-based financial services, and the Newsweek award is a testament to the success of this collaboration. As more businesses recognize the potential of blockchain technology to revolutionize financial services, we can expect to see further growth and innovation in this area. #dyor
#MoneyGram , a partner of the #Stellar (#XLM ) #blockchain network, has received a significant accolade from Newsweek. The renowned publication has recognized MoneyGram as one of America's Best Customer Service 2022 companies in the money transfer category.
This recognition reflects MoneyGram's commitment to providing top-notch customer service, which has become a key factor in the highly competitive money transfer industry. By partnering with Stellar, MoneyGram has been able to leverage the network's fast and low-cost payment processing capabilities to further enhance its services.
Stellar's blockchain technology provides a secure and reliable platform for financial transactions, making it an ideal partner for MoneyGram, which handles billions of dollars in transactions every year. By utilizing Stellar's network, MoneyGram can offer its customers faster, cheaper, and more efficient money transfer options than traditional methods.
The partnership between Stellar and MoneyGram has been a significant development in the world of blockchain-based financial services, and the Newsweek award is a testament to the success of this collaboration. As more businesses recognize the potential of blockchain technology to revolutionize financial services, we can expect to see further growth and innovation in this area. #dyor
The #Stellar Development Foundation (SDF) has made a strategic investment in #MoneyGram International (MGI) after the two companies established a commercial partnership two years ago. MoneyGram has been working with SDF to facilitate cryptocurrency payments and launch cash-to-cryptocurrency services. In a recent private transaction with Madison Dearborn Partners (MDP), SDF became a minority investor in MGI, gaining a seat on MoneyGram's board of directors. The investment is aimed at supporting the expansion of MoneyGram's digital business by exploring blockchain technology. The exact amount of the investment was not disclosed. The move strengthens SDF's mission to ensure equal access to financial services through ongoing partnerships in the payments sector.
Step by step, #crypto projects and #cryptocurrencies themselves are becoming a part of our lives, but should we expect the value of #XLM to rise in the near future?
Step by step, #crypto projects and #cryptocurrencies themselves are becoming a part of our lives, but should we expect the value of #XLM to rise in the near future?
