MoneyGram has debuted crypto purchases on its mobile app through the existing partnership with crypto exchange Coinme
Available to customers in nearly all US states for Bitcoin, Ethereum and Litecoin, cash-to-crypto trading services from MoneyGram & Coinme will soon expand to more markets and more coins.
This January, the remittance and P2P payment provider completed a strategic investment into the Coinme exchange. The partnership originally started in May 2021 to build a bridge to connect bitcoin to local fiat currency. It further expanded cooperation with point-of-sale locations to buy and sell bitcoin.
This is the latest crypto-related service launch from a company, which has been aggressively pursuing crypto opportunities for a while. MoneyGram has previously partnered with Ripple, G-Coin, Circle and Stellar to enable cross-border payments, foreign exchange settlement, and instant money transfers using blockchain infrastructure.