MoneyGram recently shared its plans to launch a new non-custodial digital wallet. The announcement was made at the annual Stellar Meridian Conference.
The platform also shared an official tweet to share the information with users. The tweet read that the official launch of the wallet will be in Q1 2024. It will help users leverage stablecoin technology to move from fiat to virtual currency to fiat currencies.
All of this will be done under the reliable monitoring of MoneyGram, a trusted global brand. Given the popularity of MoneyGram, the upcoming product has become one of the most anticipated cryptocurrency wallets.
The wallet is set to redefine cross-border transactions, enabling MoneyGram users to receive and send money seamlessly. After the launch, the wallet will allow users to cash out their virtual assets at any MoneyGram location.
It will significantly increase the utility of their digital asset holdings. Moreover, users will be allowed to send virtual assets to other users directly in the wallet. The MoneyGram wallet will integrate its enterprise-grade compliance screening capabilities.
Alex Holmes, the Chief Executive Officer at MoneyGram, talked about the development as well. According to Holmes, MoneyGram’s vision connects various communities. It empowers customers through intuitive financial solutions.
In addition, the collaboration with SDF allows MoneyGram to offer services that elevate the global financial system worldwide. That is why it has become the biggest fiat-off and on-ramp provider with global blockchain access.
With the upcoming wallet, this vision will be expanded even further. Everyone in the team is delighted to be a part of the retail network, strategic plans, and innovative technology. The wallet will be backed by MoneyGram’s global reputation for trust, speed, and efficiency, according to the CEO.