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Quick take:
MoneyGram claims that more than 50 million people rely on its services each year to move money across borders quickly, affordably, and securely.
To meet the needs of so many people, the company navigates complex regulatory requirements in every market.
Fireblocks’ secure crypto infrastructure facilitates more than $5 trillion in annual digital asset transfers.
MoneyGram, the global payment network, has announced a partnership with the crypto payments infrastructure provider, Fireblocks, to accelerate global payments.
According to the press release seen by NFTgators, the collaboration will also advance MoneyGram’s stablecoin-based settlement and multi-asset treasury operations across its retail and digital footprint, enabling faster, lower-cost payments and real-time treasury operations throughout its network.
MoneyGram’s network connects over 200 countries and territories and is available in nearly half a million retail locations and billions of digital endpoints. The company also claims that more than 50 million people rely on its services each year to move money across borders.
Fireblocks has established itself as a leading crypto payments infrastructure provider, collaborating with some of the biggest banks and crypto companies to secure digital asset transfers. The company claims to facilitate more than $5 trillion in annual digital asset transfers.
With MoneyGram’s compliant payments network and Fireblock’s secure infrastructure, the two companies’ goal is to provide a secure, stablecoin infrastructure and a programmable settlement layer that enhances global payment flows.
“We are leading the next era of money movement by enabling money to move instantly across any channel – fiat or stablecoin,” said Anthony Soohoo, Chairman and CEO of MoneyGram. “Fireblocks accelerates this vision by giving us the secure, programmable infrastructure to transform global payments at scale.”
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