CEX.IO and MoneyGram Partner to Enable USDC Cash-In and Cash-Out Transactions via Stellar

CEX.io, a leading centralized crypto exchange, has partnered strategically with global financial services company MoneyGram and the Stellar blockchain network.

CEX.io has announced a new partnership with MoneyGram and the Stellar blockchain network, enabling users to convert USD Coin (USDC) to physical cash and vice versa at participating MoneyGram locations worldwide.

This service is now available for users in Austria, Hungary, Ireland, Lithuania, and Poland, with plans to expand to more countries in the future.

The partnership will allow CEX.io users to seamlessly convert USDC to physical cash and vice versa at participating MoneyGram locations.

This service is particularly designed to enhance the accessibility and convenience of managing both crypto and cash, especially for users in the European Economic Area (EEA), Africa, Latin America (LATAM), and other regions.

Currently, users in Austria, Hungary, Ireland, Lithuania, and Poland can already take advantage of this service, with plans to expand to more countries over time.

Stellar's blockchain technology, which is known for its quick and cost-effective transactions, will play a key role in converting between digital and fiat currencies.

By leveraging Stellar's capabilities, CEX.io can offer its users efficient fiat-to-USDC and USDC-to-fiat services at MoneyGram locations.

This integration is expected to significantly increase the versatility of payment methods available to users, making it easier to manage their finances.

“We are excited to announce this strategic partnership with MoneyGram and the Stellar blockchain network, which will enable our users to cash in and cash out USDC at participating MoneyGram locations,” said Joel Kosloski, Chief Information Security Officer, and Chief Information Officer at CEX.io.

“This partnership is a testament to our commitment to providing our users with the best possible experience and making it easier for them to manage their crypto and cash.”

This collaboration marks a significant step towards simplifying the management of crypto and cash for users.

With CEX.io, MoneyGram, and Stellar working together, this partnership is poised to be a game-changer for crypto users, offering a new level of convenience and flexibility.

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