Stellar Development Foundation makes strategic investment in cross-border payment giant MoneyGram

2023/08/15 15:36

The Stellar Development Foundation (SDF) has announced a strategic investment in MoneyGram International (MGI). The investment comes from SDF's operating reserve cash, rather than from the corporate fund used to invest in startups and early-stage companies. This investment will drive MGI's expansion into digital business, explore blockchain technology, and explore many other ways to help consumers and businesses transfer and manage funds globally. According to earlier reports, MoneyGram has established a new board of directors, with the CEO of the Stellar Development Foundation as one of the directors.
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