The Stellar Development Foundation, a non-profit organization focused on the development of the Stellar network, is reportedly cooperating with global private equity firm Advent International to buy leading money transfer company MoneyGram, according to a Bloomberg report that cites sources with knowledge of the matter.
At this stage, it’s not clear how the acquisition talks will pan out.
MoneyGram terminated its major partnership with Stellar rival Ripple after the latter was taken to court by the U.S. Securities and Exchange Commission over its allegedly illegal XRP sales back in December.Continue reading
