new service enabling to buy and sell cryptocurrency via the MONEYGRAM app
Consumers within the U.S. will currently trade and store Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) by mistreatment the Company's leading mobile app
This is the most recent crypto-related service launch from an organization transferral real-world cryptocurrency and blockchain use cases to life
("MoneyGram" or the "Company"), a global leader in the evolution of digital P2P payments nowadays proclaimed the launch of a new service enabling consumers to buy for, sell and hold cryptocurrency via the MoneyGram mobile app. This new and innovative feature offers MoneyGram customers in nearly all U.S. states and also the District of Columbia1 the ability to trade and store Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) by using the Company's leading mobile app.
This is the most recent crypto-related service launch from a company transferral real-world cryptocurrency and blockchain use cases to life. From on/off-ramp services for digital wallets through partnerships with Coinme, Stellar, and G-Coin, to cross-border settlement through Circle's USD Coin (USDC), to the new ability to buy for and store crypto just by using its app, MoneyGram is pioneering cross-border payment innovation and blockchain-enabled settlement.
"Cryptocurrencies square measure additive to everything we're doing at MoneyGram. From dollars to euros to yen and so on, MoneyGram permits instant access to over 120 currencies around the globe, and we see crypto and digital currencies as another input and output option," aforementioned Alex Holmes, MoneyGram Chairman, and CEO. "As a next step within the evolution of MoneyGram, we're excited to supply our customers with access to a trusted and easy-to-use platform to securely buy, sell and hold choose cryptocurrencies."
MoneyGram is on a mission to deliver innovative monetary solutions that connect the world's communities. With today's announcement, the company is continuing to execute that strategy and best serve its client base of tens of several folks. MoneyGram is committed to investment in new growth opportunities and increasing past its core product to enhance client monetary services around the world.
Holmes added: "As client interest in digital currencies continues to accelerate, we tend to meet that demand and bridge the gap between blockchain and traditional monetary services due to our international network, leading compliance solutions, and a strong culture of fintech innovation. we tend to square measure excited for this next chapter in our journey."
The ability to buy, sell and hold crypto using the MoneyGram app is created potential 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 recent locations within the U.S. for consumers to buy and sell bitcoin with cash.
source:moneygram
