News Explorer — Stellar Invests in MoneyGram in Bid to Be a ‘Digital-Forward’ FinTech Leader

Stellar Invests in MoneyGram in Bid to Be a ‘Digital-Forward’ FinTech Leader

Stellar has announced its investment in money transfer company MoneyGram International, becoming a minority investor using its own cash treasury. The amount of the investment was not disclosed. The partnership aims to expand Stellar’s digital business and explore blockchain technology for cross-border payments. MoneyGram sees this as a step towards becoming a digital-forward leader in fintech.

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Stellar Invests in MoneyGram in Bid to Be a ‘Digital-Forward’ FinTech Leader

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