CompoSecure Integrates Arculus with MoneyGram: Becomes First Hardware Wallet to Provide Global Cash In/Cash Out Through Stellar
Summary
SOMERSET, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, today announced the integration of its Arculus Cold Storage Wallet with MoneyGram Access, which enables users to add and withdraw USDC in cash at participating MoneyGram locations.Arculus is the first hardware wallet to integrate with MoneyGram Access, enabling consumers to seamlessly convert physical cash into Circle USD Coin (USDC) on the Stellar blockchain and securely manage their digital dollars in the self-custody Arculus Cold Storage Wallet. Additionally, Arculus announced a grant from the Stellar Development Foundation (SDF), a non-prot organization supporting the development and growth of the Stellar network, to enable payments over traditional payment card rails directly from self-custody crypto wallets via smart contracts.We are bringing efficient and alternative technologies to millions of unbanked individuals without ready access to traditional banking and providing them with security and flexibility, said Adam Lowe, Chief Product and Innovation Officer at CompoSecure and Arculus. Users can visit a participating MoneyGram location, convert cash into USDC on Stellar, and store it on the Arculus Cold Storage Wallet. This innovation ensures that users retain full control of their funds until the moment of purchase, reinforcing Arculus commitment to secure, user-friendly financial solutions.Arculus is making it possible to spend stablecoins with a simple tap just like any other payment card. This is the kind of utility that drives real-world adoption and demonstrates how everyday purchases can be made easy, accessible, and secure on Stellar, added Dixon.Founded in 2000, CompoSecure (Nasdaq: CMPO) is a technology partner to market leaders, ntechs and consumers enabling trust for millions of people around the globe.