Crypto
MoneyGram Introduces New Crypto Service Enabling Customers to Buy, Sell and Hold Cryptocurrency via the MoneyGram App
Customers within the U.S. can now commerce and retailer Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) through the use of the Firm’s main cellular app
That is the most recent crypto-related service launch from an organization bringing real-world cryptocurrency and blockchain use circumstances to life
DALLAS, Nov. 1, 2022 /PRNewswire/ — MoneyGram Worldwide, Inc. (NASDAQ: MGI) (“MoneyGram” or the “Firm”), a world chief within the evolution of digital P2P funds, at present introduced the launch of a brand new service enabling customers to purchase, promote and maintain cryptocurrency by way of the MoneyGram cellular app. This new and progressive function offers MoneyGram clients in practically all U.S. states and the District of Columbia1 the flexibility to commerce and retailer Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) through the use of the Firm’s main cellular 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.
“Cryptocurrencies are additive to every part 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 possibility,” stated Alex Holmes, MoneyGram Chairman and CEO. “As a subsequent step within the evolution of MoneyGram, we’re thrilled to offer our clients 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 present’s announcement, the Firm is continuous to execute that technique and greatest serve its buyer base of tens of hundreds of thousands of individuals. MoneyGram is dedicated to investing in new progress alternatives and increasing previous its core merchandise to boost shopper monetary providers world wide.
Holmes added: “As shopper curiosity in digital currencies continues to speed up, we’re uniquely positioned to satisfy that demand and bridge the hole between blockchain and conventional monetary providers due to our international community, main compliance options and powerful 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 Firm’s present partnership with Coinme, a licensed crypto change and API-driven crypto-as-a-service supplier. Collectively, since 2021, MoneyGram and Coinme have partnered to broaden entry to crypto by creating hundreds of recent places within the U.S. for customers to purchase and promote bitcoin with money.
MoneyGram is anticipated to broaden its future collection of crypto cash because the Firm explores enlargement to different markets in 2023, as international laws enable.
For extra data, please go to: https://www.moneygram.com/mgo/us/en/m/crypto/
About MoneyGram Worldwide, Inc.
MoneyGram Worldwide, Inc. (NASDAQ: MGI), a world chief within the evolution of digital P2P funds, delivers progressive monetary options to attach the world’s communities. With a purpose-driven technique to mobilize the motion of cash, a robust tradition of fintech innovation, and main customer-centric capabilities, MoneyGram has grown to serve over 150 million individuals within the final 5 years. The Firm leverages its fashionable, cellular, and API-driven platform and collaborates with the world’s high manufacturers to serve customers by its direct-to-consumer digital channel, international retail community, and embedded finance enterprise for enterprise clients. MoneyGram can be a pacesetter in pioneering cross-border fee innovation and blockchain-enabled settlement. For extra data, please go to ir.moneygram.com, comply with @MoneyGram on social media, and discover the web site and cellular app by moneygram.com.
MoneyGram Media Contact
Sydney Schoolfield
media@moneygram.com
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SOURCE MoneyGram