Blockchain & Crypto

MoneyGram now lets customers buy and sell Bitcoin

This option is specially designed for customers who may be interested in utilizing BTC for the first time

MoneyGram Bitcoin

MoneyGram now lets customers buy ans sell Bitcoin. Source: pixabay.com

MoneyGram International has teamed up with Coinme, the largest licensed cryptocurrency cash exchange in the US, to enable the cash funding and payout of digital currency purchases and sales.

The partnership uses MoneyGram’s modern, mobile and API-driven payments platform and Coinme’s proprietary cryptocurrency exchange and custody technology. Both companies will bring Bitcoin to thousands of new POS locations in the US, with plans to expand to select international markets in the second half of 2021.

The MoneyGram and Coinme integration will provide a fast way for customers to purchase Bitcoin with cash and withdraw BTC holdings in cash.

With less than 20,000 cryptocurrency kiosks globally, the MoneyGram and Coinme partnership will further expand access to Bitcoin and potentially other digital currencies by creating thousands of new POS locations to buy and sell crypto.

MoneyGram has spent more than 80 years building one of the world's largest P2P payment networks. By integrating its global infrastructure with our licensed crypto exchange technology, we can enable the purchase and sale of cryptocurrencies across its system using cash. This is a major milestone for the bitcoin and cryptocurrency communities, and for the millions of people who will benefit from a trusted, easy and affordable onramp to digital currency
Neil Bergquist, Coinme CEO

We’ve reported that FIS enabled Bitcoin purchases from bank accounts.

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