9 November 2022
Moneygram introduced the launch of a brand new service enabling customers to purchase, promote and maintain cryptocurrency through the MoneyGram cell app.
This new characteristic offers MoneyGram prospects in practically all U.S. states and the District of Columbia the flexibility to commerce and retailer Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) through the use of the Firm’s cell app.
That is the most recent crypto-related service launch from an organization bringing real-world cryptocurrency and blockchain use circumstances to life. From on/off-ramp providers for digital wallets by partnerships with Coinme, Stellar and G-Coin, to cross-border settlement by Circle’s USD Coin (USDC), to the brand new skill to purchase and retailer crypto just by utilizing its app, MoneyGram is pioneering cross-border fee innovation and blockchain-enabled settlement.
Alex Holmes
“Cryptocurrencies are additive to every thing we’re doing at MoneyGram. From {dollars} to euros to yen and so forth, MoneyGram allows on the spot entry to over 120 currencies across the globe, and we see crypto and digital currencies as one other enter and output choice,”
stated Alex Holmes, MoneyGram Chairman and CEO.
“As a subsequent step within the evolution of MoneyGram, we’re thrilled to offer our prospects with entry to a trusted and easy-to-use platform to securely purchase, promote and maintain choose cryptocurrencies.”
MoneyGram is on a mission to ship progressive monetary options that join the world’s communities. With at this time’s announcement, the Firm is continuous to execute that technique and greatest serve its buyer base of tens of thousands and thousands of individuals. MoneyGram is dedicated to investing in new development alternatives and increasing previous its core merchandise to boost client monetary providers around the globe.
Holmes added:
“As client curiosity in digital currencies continues to speed up, we’re uniquely positioned to fulfill that demand and bridge the hole between blockchain and conventional monetary providers due to our world community, main compliance options and robust tradition of fintech innovation. We’re excited for this subsequent chapter in our journey.”
The flexibility to purchase, promote and maintain crypto utilizing the MoneyGram app is made doable by the corporate’s present partnership with Coinme, a licensed crypto trade and API-driven crypto-as-a-service supplier. Collectively, since 2021, MoneyGram and Coinme have partnered to develop entry to crypto by creating 1000’s of recent places within the U.S. for customers to purchase and promote bitcoin with money.
MoneyGram is anticipated to develop its future choice of crypto cash as the corporate explores growth to different markets in 2023, as world laws enable.
Featured picture credit score: Unsplash
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