Today, Stellar Development Foundation (SDF) announces its partnership with MoneyGram. It is going to be a game changer as SDF is teaming up to build a bridge between digital assets and cash currencies for users. Digital wallets connected to Stellar will be able to access MoneyGram’s platform to move seamlessly from one cash currency to another, facilitated by Circle pay’s USDC.
MoneyGram is a global leader in money transfers and P2P payments, serving nearly 150 million people around the world. This is another step toward mainstream adoption of blockchain and digital assets.
It is critical for traditional and digital financial rails to connect. This shows how important on and off ramps are for blockchain, and for extending opportunity to new users. Think about it like this: not only will users of Stellar-connected wallets get a new way to get cash onto their wallets and send internationally.
This means a whole new segment of cash users will also have the choice to convert their cash into and out of USDC, connecting to digital asset services they may not have considered before.
That’s powerful. Connecting cash users to the world of digital assets will unlock a variety of use cases. It will help solve existing challenges related to speed and cost. It will also create new value and choices.