MoneyGram has launched a new crypto service that will allow customers to buy, sell and hold cryptocurrencies using the MoneyGram application. This new service will be available to customers based in nearly all US states and the District of Columbia.
MoneyGram adds cryptocurrency payments
MoneyGram will give its users the ability to store and trade Bitcoin, Ethereum and Litecoin on the MoneyGram mobile app. This will be the latest addition of MoneyGram’s crypto business. The company has made several partnerships to support its advancement into the web 3.0 & crypto sector.
Alex Holmes, the Chairman and CEO of MoneyGram, commented on this initiative saying that cryptocurrencies were part of the operations at MoneyGram. With the platform already accepting more than 120 currencies from around the world, digital currencies were a perfect addition to diversify the payment options available to users.
Holmes added that the company was “thrilled to provide our customers with access to a trusted and easy-to-use platform to securely buy, sell and hold select cryptocurrencies.”
MoneyGram has shown its commitment to provide services related to innovative financial solutions. The announcement made by the company related to offering cryptocurrency services is part of the company’s efforts to deliver innovative financial solutions that link the communities globally.
The announcement made by the company will expand its execution strategy so that it can serve its customer base better. The financial service company has shown its commitment to invest in new opportunities and expand past its core products to boost its customer financial services worldwide.
Holmes has said that as the customer interest in digital currencies continues to grow, the company was in a unique position to meet the demand and bridge the gap between blockchain and traditional gaming because of its global network. The company was also committed to meet compliance solutions, while promoting as strong work culture in the fintech space.
MasterCard partnership with Coinme
The ability to trade and hold cryptocurrencies using the MoneyGram app has been supported by the company’s partnership with Coinme. Coinme is a licensed cryptocurrency exchange platform and a crypto-as-a-service provider.
The two parties have worked together since 2021. They have partnered to expand their access to cryptocurrency services through creating thousands of new locations within the US to allow consumers to buy and sell Bitcoin using cash.
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