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In one key meeting last summer, Dixon told MoneyGram CEO Alex Holmes that “the thing that had been missed in a lot of different spaces is how much blockchain and crypto needs MoneyGram.”

But most of the anchors on Stellar are regional players, and not all have physical cash-in or -out locations

The product was built over the next several months, and a pilot began in has licenses and operations in 200 countries and territories, with more than 420,000 agent locations, which allowed for a relatively quick build. ent at Stellar Development Foundation, praised MoneyGram’s “ability to abstract out all the complexity.”

With this product, users can bring fiat currency to a MoneyGram location, convert it to crypto and convert crypto back out to fiat. Photo: MoneyGram

Stellar has seen payments grow more than 500% on its network over the past year, but it needs to increase access for retail users. In 2016, it launched its first anchors – a network of regulated financial institutions, money service businesses, stablecoin issuers and other providers of on-ramps and off-ramps. Continue reading “The companies started talking about this current product”