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?