TechFlow news — The Stellar Development Foundation (SDF) has announced a strategic investment in global payment company MoneyGram International (MGI).
The investment is funded from SDF's operational reserve cash pool, not from its corporate fund dedicated to startups and early-stage companies. This investment will support MGI’s expansion of its digital business, exploration of blockchain technology, and other initiatives aimed at helping consumers and businesses move and manage funds globally. It marks MGI’s renewed commitment to becoming a digital leader in the fintech space.
As previously reported, MoneyGram has formed a new board of directors, with the CEO of the Stellar Development Foundation serving as one of its members.
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