Stellar Development Foundation (sdf), announced that it has invested in payments provider MoneyGram International.
seconds-Reminder activity in Ripple case stellarannounced that it has invested in MoneyGram to date. Although the financial details have not been disclosed yet, it is claimed that the investment is a huge amount. Danelle Dixon, CEO and Executive Director of the Stellar Development Foundation, gave her general take on the move.
The company will have a stake in the management of MoneyGram.
In announcing that it has funded MoneyGram, Stellar said that they will participate in the management team. Danelle Dixon, in a post published on Aug.Stellar has been given a seat on MoneyGram’s board of directors.He used this phrase. In the SDF-MoneyGram partnership, it was said that the success of investments, the execution of digital services and blockchain technology in general will be at the forefront.
Dixon stressed that the purpose of the investment would be to support the Foundation’s activities from the SDF’s assets. The official, who did not share specific details about the financial details, termed the formation as an “easy decision”. Furthermore, Dixon said that he is determined to become a leader in the field of fintech and is dedicated to his studies.