The Stellar Growth Basis reportedly desires to amass funds large MoneyGram.
Citing folks aware of the matter, Bloomberg reviews that the non-profit group behind the blockchain fee platform Stellar Lumens (XLM) is working with Boston-based personal fairness agency Creation Worldwide on the potential acquisition.
The 2 companies have already contacted MoneyGram, however a choice has not but been made.
A number of firms have been eyeing a takeover of MoneyGram amid elevated demand for on-line funds.
In 2017, Alibaba-owned digital funds firm Ant Group agreed to purchase MoneyGram for $1.2 billion.
The deal stalled after failing to safe approval from the Committee on Overseas Funding in the USA.
Final 12 months, fellow cash switch firm Western Union provided to purchase MoneyGram.
San Francisco-based funds agency Ripple additionally bought a $30 million stake within the remittance large in 2019, however the two companies introduced in March that they’re ending the partnership settlement.
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