Global digital P2P payments company, MoneyGram has launched a new service enabling consumers to buy, sell and hold cryptocurrency via the MoneyGram mobile app.
The ability to buy, sell and hold crypto using the MoneyGram app is made possible through the Company’s existing partnership with Coinme, a licensed crypto exchange and API-driven crypto-as-a-service provider. Together, since 2021, MoneyGram and Coinme have partnered to expand access to crypto by creating thousands of new locations in the U.S. for consumers to buy and sell bitcoin with cash.
Alex Holmes, MoneyGram Chairman and CEO said, “Cryptocurrencies are additive to everything we’re doing at MoneyGram. From dollars to euros to yen and so on, MoneyGram enables instant access to over 120 currencies around the globe, and we see crypto and digital currencies as another input and output option. As a next step in the evolution of MoneyGram, we’re thrilled to provide our customers with access to a trusted and easy-to-use platform to securely buy, sell and hold select cryptocurrencies.”
The digital payment giant is driven by the mission to deliver innovative financial solutions that connect the world’s communities. With its latest move, the Company is continuing to execute that strategy and best serve its customer base of tens of millions of people. MoneyGram is committed to investing in new growth opportunities and expanding past its core products to enhance consumer financial services around the world.
Holmes added: “As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet that demand and bridge the gap between blockchain and traditional financial services thanks to our global network, leading compliance solutions and a strong culture of fintech innovation. We are excited for this next chapter in our journey.”
MoneyGram is expected to expand its future selection of crypto coins as the Company explores expansion to other markets in 2023, as global regulations allow.
