MoneyGram joins Stripe-backed Tempo blockchain

MoneyGram has been selected as the anchor remittance validator for the Tempo blockchain, a Layer 1 network backed by Stripe. This strategic partnership will see MoneyGram play a crucial role in validating remittance transactions on the blockchain. Furthermore, the integration of stablecoin settlement capabilities for its global money transfer operations is expected to streamline cross-border payments, enhance efficiency, and potentially reduce costs for users. This move signifies a significant step for MoneyGram in embracing blockchain technology to modernize its core remittance services and leverage the benefits of decentralized finance.