MoneyGram International, Inc., a leader in P2P payments has unveiled a new service allowing users to purchase, sell and keep cryptocurrency via the MoneyGram app. The latest feature enables MoneyGram users in almost all U.S. states and the District of Columbia to trade and keep Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) by utilizing the leading mobile app.
This is the newest crypto service from a company that will be beneficial for customers around the states. MoneyGram is already known for its incredible services for digital wallets thanks to deals with Coinme, Stellar, and G-Coin, Circle's USD Coin (USDC), to mention a few. With the inclusion of the new service for purchasing and storing crypto the company will innovate the cross-border payment industry.
MoneyGram is committed to delivering innovative financial products that link the world's communities. Thanks to today's announcement, the brand will continue to push that strategy and serve its player base of millions of people. MoneyGram is also passionate about investing in new growth chances and extending its core verticals and offer of financial services around the globe.
The option to buy, sell and hold crypto via the MoneyGram app is enabled through the current partnership with Coinme, a crypto exchange, and API-based crypto-as-a-service platform. They joined forces in 2021 and already made a huge success together.
MoneyGram will expand its selection of coins as the brand looks for expansion opportunities in the new markets in 2023.
Official Statements from the Company
Commenting on the latest service, Alex Holmes, MoneyGram Chairman, and CEO says that cryptocurrencies are additive to everything they do at the company. From dollars to euros to yen and other currencies, MoneyGram allows instant access to more than 120 currencies around the world, and they see crypto and digital currencies as a new input and output option. The company will continue with another move in the evolution of MoneyGram, so they are thrilled to provide users with access to a reliable and easy-to-use platform to buy, sell and hold cryptocurrencies.
"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 strong culture of fintech innovation. We are excited for this next chapter in our journey."
MoneyGram has been serving more than 150 million people in the last five years.
“MoneyGram Introduces New Crypto Service Enabling Customers to Buy, Sell and Hold Cryptocurrency via the MoneyGram App”, ir.moneygram.com, November 1, 2022.