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MoneyGram joins Solana as validator amid stablecoin payment push
Key takeaways
- By operating a validator, MoneyGram will help process transactions and secure Solana's proof-of-stake network, becoming a key part of the infrastructure that keeps the network running.
- The company also joined Solana Developer Platform, an initiative aimed at helping institutions build financial products on the blockchain.
- The move comes weeks after MoneyGram unveiled its MGUSD stablecoin on the Stellar blockchain, a sign of the company's growing commitment to blockchain-based payments infrastructure.
By operating a validator, MoneyGram will help process transactions and secure Solana's proof-of-stake network, becoming a key part of the infrastructure that keeps the network running.
The company also joined Solana Developer Platform, an initiative aimed at helping institutions build financial products on the blockchain.
The move comes weeks after MoneyGram unveiled its MGUSD stablecoin on the Stellar blockchain, a sign of the company's growing commitment to blockchain-based payments infrastructure. After spending several years integrating crypto into remittances and settlement, MoneyGram is now taking a more active role in the networks that support those services.
Article preview — originally published by CoinDesk. Full story at the source.
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