MoneyGram International has rolled out a new service enabling consumers to buy, sell and hold cryptocurrency via the MoneyGram mobile app. This new feature will enable MoneyGram customers to trade and store Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) through its mobile app across most of the U.S. states.
The company is providing this new feature through its existing partnership with Coinme, a licensed crypto exchange and API-driven crypto-as-a-service provider.
MoneyGram and Coinme have partnered to expand access to crypto by creating thousands of new locations in the U.S. for consumers to buy and sell bitcoin with cash since 2021.
MoneyGram said it is expected to expand its future selection of crypto coins as the Company explores expansion to other markets in 2023, as global regulations allow.
The company said this is the latest crypto-related service launch from a company bringing real-world cryptocurrency and blockchain use cases to life.
MoneyGram initially offered digital wallet service through partnerships with Coinme, Stellar and G-Coin as well as cross-border blockchain-enabled payment settlement through Circle's USD Coin (USDC) for near-instant backend settlement.
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