The Stellar Coin Development Foundation has announced a new partnership.

From Stellar's trio of partnerships, the XLM token gets stronger and stronger

Stellar Coin Development Foundation and MoneyGram announced that they have partnered with Techstars. Through this three-way partnership, financial support and training contributions will be provided to new startups.

Especially Latin American startups will be supported, according to the statement.

SDF, @MoneyGram and @Techstars gathered today @SXSW to share details about the newly launched blockchain-based payments innovation launch gas pedal program in Latin America #StellarAtSXSW

– Stellar Coin (@StellarOrg) March 12, 2022

Techstars is an organization that provides financial support to start-ups. The company also contributes to the growth of startups through one-on-one training and support services.

The tripartite partnership established will support fintech companies primarily engaged in the payments business. The support will start with a 13-week training series that will be implemented by MoneyGram and the Stellar Development Foundation.

Denelle Dixon, CEO of the Stellar Coin Development Foundation, said

We can provide support to all participants to enable them to access the financial system. We are pleased to work with MoneyGram and Techstars in this regard. Through this new partnership, I think we will contribute to the development of cross-border payment systems using 21st century technologies.

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