SDF and MoneyGram launch the MoneyGram Award program, offering up to $50,000 in marketing support to wallets and fintechs integrating with MoneyGram's 300,000 agent locations for cash-to-crypto on/off ramps. No consumer fees through June 2024, with five winners selected quarterly.
The Stellar Development Foundation and MoneyGram announced the MoneyGram Award program, a competitive grants initiative providing up to $50,000 in marketing support to early-stage wallets and fintech applications. The program supports integration with MoneyGram's 300,000 agent locations across 180 countries for cash-to-crypto and crypto-to-cash on/off ramps using Stellar USDC. Key features include waived consumer fees through June 2024, wallets can now monetize the rails, and marketing funds can support digital media, live events, PR, and in-app incentives. Five winners per quarter will be selected through June 2024. Eligibility requires successful MoneyGram integration, 100 unique users, ongoing testing plans, and a comprehensive marketing project plan. The program targets earlier-stage wallets with existing but smaller user bases seeking rapid scaling.