Stellar Development Foundation ( SDF), announced that it has invested in payments provider MoneyGram International.
SEC-Reminding itself with the activity in the Ripple case stellar announced that it has invested in MoneyGram as of today. Although financial details have not yet been disclosed, the investment is claimed to be a large amount. Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, gave her general opinion on this move.
The company will have a say in the management of MoneyGram
Announcing that it has funded MoneyGram, Stellar stated that they will take part in the management team. Denelle Dixon, in a post published on Aug. Stellar has been given a seat on MoneyGram’s board of directors. ” he used the phrase. In the SDF-MoneyGram partnership, it was stated that the success of investments, the execution of digital services and blockchain technology will be at the forefront in general.
Dixon stressed that the investment will be aimed at supporting the foundation’s activities from the SDF’s wealth of assets. The official, who did not share clear information about the financial statement, expressed this formation as an “easy decision”. In addition, Dixon stated that he is determined to be a leader in the field of fintech and is dedicated to the studies.
