MoneyGram, a global money transfer company, is poised to launch its own non-custodial digital wallet.

Developed in collaboration with Cheesecake Labs, this new wallet will make use of the Stellar network and MoneyGram's fiat on and off-ramp services to facilitate instant transactions, with no charges until June 2024.

By harnessing Stellar's open-source, decentralized protocol for digital currency, MoneyGram aims to enhance accessibility and speed in global financial transactions.

This upcoming offering will enable users to conduct cross-border transfers and convert between fiat and digital currencies.

The digital wallet is expected to debut in the first quarter of 2023.