Cryptocurrency payments specialist Stellar is linking to Polkadot and its sister network Kusama via the newly built Spacewalk bridge, a move that will connect the two blockchain ecosystems with Stellar’s fiat on-ramps around the world. The bridge, built by recent Polkadot parachain auction winner Pendulum, aims to connect decentralized finance (DeFi) applications with foreign exchange (forex) markets, especially in emerging markets where, since it was founded in 2014, Stellar has built up a footprint and partnered with the likes of cross-border payments company MoneyGram. While crypto’s banking rails in the U.S. have largely been dismantled, seasoned firms like Stellar and others are continuing to build out critical infrastructure to do the job elsewhere.
MoneyGram (MGI) partners with the mobile wallet of Jamaica - Lynk, to enable consumers of the country to receive hassle-free remittances through their smartphones.
MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced a partnership with Lynk, the mobile wallet powered by National Commercial Bank Financial Group (NCBFG), the largest financial group in Jamaica. Through this partnership, Lynk's fast-growing user base now has the ability to receive cross-border payments directly to their smartphones. MoneyGram is the first money transfer o