Stellar Development Foundation and MoneyGram announced that they are collaborating with Techstars, a platform that provides financial and educational support for startups.
According to the information, the program will be aimed at early-stage projects that need to be supported through the accelerator program.
Cryptocurrency The focus of the cooperation signed by the company was determined as Latin America.
Techstars is known as a global financial innovation company that supports startups by providing capital. It also supports one-on-one consulting and customized programming for businesses.
XLM Announces Collaboration to Promote Blockchain Innovation
of XLM In its collaboration announcement, it was stated that the partnership will require the recruitment of entrepreneurs to foster blockchain innovation through the collaboration of the founders and to handle cross-border payments.
The collaboration will also promote financial inclusion in Latin America.
SDF, @MoneyGramand @Techstars got together today @SXSW to share details on the newly-launched startup accelerator program for blockchain-based payment innovation in LatAm #StellarAtSXSW pic.twitter.com/pYIYWHIZax
— Stellar (@StellarOrg) March 12, 2022
The first phase of the collaboration will focus on payment processing and call for company executives to be trained through the Techstars program.
Applications for those who want to receive training from startup companies will be opened on July 25. The deadline for applications will be October 12, 2022. During the training, the participants will have the opportunity to share their business visions with investors from various sectors.
Denelle Dixon, CEO of the Stellar Development Foundation, described the collaboration with Techstars as follows:
“We believe we can improve access to the financial system for all participants. Together with MoneyGram and Techstars, we are proud to support the next generation of entrepreneurs to build a more inclusive and accessible cross-border payment system.”
*Not investment advice.