MoneyGram's CEO says blockchain works best when customers don't know it's there

TechMoneyGram's CEO says blockchain works best when customers don't know it's thereIn an interview with CoinDesk, MoneyGram CEO Anthony Soohoo said that their blockchain strategy has evolved from early experimentation into a broader effort to modernize the company's global payments infrastructure. By Margaux Nijkerk|Edited by Cheyenne Ligon Jul 21, 2026, 1:38 p.m. 3 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowMoneyGram CEO Anthony Soohoo said the company's blockchain strategy is focused on modernizing cross-border payments, by using blockchain infrastructure to make remittances faster, cheaper and more transparent while keeping the technology invisible to customers.While Stellar remains a core blockchain partner, MoneyGram is expanding its blockchain footprint through validator roles on Solana and Tempo and sees its MGUSD stablecoin as a way to build more financial products within its own ecosystem.MoneyGram has spent years experimenting with blockchain technology, but CEO Anthony Soohoo says the company’s latest crypto-related revelation is that it works best when customers don’t have to think about it.Speaking in an interview with CoinDesk, Soohoo said MoneyGram's blockchain strategy has evolved from early experimentation into a broader effort to modernize the company's global payments infrastructure. The remittance giant, which serves roughly 60 million active customers, sees blockchain less as a consumer-facing feature than as a way to make cross-border payments faster, cheaper and more transparent."What you're always looking for is how to leverage technology to run your business more efficiently and effectively," Soohoo said. "The use case is what do our customers want, and how do we solve that for them?"MoneyGram's customers are primarily people sending money to friends and family abroad, making speed and cost two of the biggest priorities. Traditional cross-border payments can…

MoneyGram's CEO says blockchain works best when customers don't know it's there

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