ChainCatcher news, according to prnewswire, cross-border payment giant MoneyGram has announced the appointment of Luke Tuttle as Chief Technology Officer, who will be responsible for leading product development and technology, overseeing engineering, platform operations, information security, and emerging technologies such as blockchain, and will report directly to MoneyGram Chairman and CEO Anthony Soohoo, who has previously worked at companies like Klarna, Experian, and eBay.

ChainCatcher news, according to Fortune magazine, cross-border payment giant MoneyGram announced on Tuesday that it will launch a non-custodial wallet to help users transfer funds between fiat currencies and the US dollar stablecoin USDC. MoneyGram continues to utilize the Stellar blockchain to support its wallet.MoneyGram CEO Alex Holmes stated that the company has undergone a digital transformation over the past five years to "eliminate the misconception" that it will be replaced by cashless products. He said, "We are redefining what it truly means to transfer funds between fiat currencies."Unlike many non-custodial wallets, MoneyGram's new product will have full KYC requirements and will only be compatible with other MoneyGram wallets. While this limits its functionality within the broader crypto ecosystem, it also protects MoneyGram from regulatory scrutiny.

ChainCatcher news, the Stellar Development Foundation (SDF) announced a strategic investment in MoneyGram International (MGI). This investment will drive MGI to expand its digital business, explore blockchain technology, and investigate many other ways to help consumers and businesses transfer and manage funds globally.Previously reported, the CEO of the Stellar Development Foundation joined the new board of directors of the cross-border payment giant MoneyGram.

ChainCatcher news, cross-border payment giant MoneyGram has announced the establishment of a new board member, with Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, becoming one of the directors. Other directors include MoneyGram CEO Alex Holmes, former Chief Experience Officer of EA Chris Bruzzo, and founder and CEO of EthosData Francisco Lorca, among others.The new board will focus on guiding the company's digital innovation strategy and helping MoneyGram further enhance its digital business and cross-border capabilities.

ChainCatcher news, the international remittance platform MoneyGram has added cryptocurrency purchase services to its mobile application, allowing almost all U.S. customers to buy, sell, and hold BTC, ETH, and LTC. The new feature is supported by the cryptocurrency exchange Coinme, in which MoneyGram made a strategic minority investment earlier this year. (Coindesk)