MoneyGram has debuted crypto purchases on its mobile app through the existing partnership with crypto exchange Coinme
MoneyGram has debuted crypto purchases. Source: flickr.com
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.
SEE ALSO:
MoneyGram partnered Japanese fintech to enable cross-border money transfers
