Stellar (XLM) Invests in MoneyGram to Conquer Trillion-Dollar Market

• Stellar (XLM) has made a strategic investment in MoneyGram International, the global money transfer company.
• Denelle Dixon, CEO of Stellar Development Foundation, has secured a seat on MoneyGram’s Board of Directors.
• The funds will be used to expand MoneyGram’s digital business frontiers and explore further applications of blockchain technology.

Stellar (XLM) Invests in MoneyGram

Stellar (XLM), the driving force behind the XLM cryptocurrency, has announced a strategic investment in MoneyGram International, the renowned global money transfer company. With this move, Stellar strengthens its presence in the financial technology sector and earns themselves a seat at the table, with Denelle Dixon proudly representing Stellar on MoneyGram’s Board of Directors.

Background and Evolution of Partnership

Stellar’s involvement with MoneyGram began back in 2019 when they played a pivotal role in creating ‘MoneyGram Access‘. This enabled seamless entry and exit points for users into the digital financial spectrum. Last year even saw rumors about Stellar’s potential acquisition of MoneyGram – highlighting how deep their relationship was!

Investment Details

Stellar’s investment is sourced from its own cash treasury, showcasing an innovative approach to investing by the foundation. Not only does this bolster Stellar’s presence in the financial tech landscape but also earn them a seat at the table for their CEO Denelle Dixon to represent them on MoneyGram’s Board of Directors.

Vision Forward

The funds will be channeled towards expanding MoneyGram’s digital business frontiers as well as exploring further applications of blockchain technology. With this strategic investment , both companies are looking forward to making their mark in ushering us into a new era that is focused on digital finance!

Conclusion

This latest news serves as evidence that crypto-based companies are continuing to make waves across multiple industries – ranging from traditional banking systems to payment gateways such as PayPal and Square Cash App. As more players come onto this stage it’ll be interesting to see who comes out ahead!