MoneyGram partners with Coinme to expand cryptocurrency access

MoneyGram partners with Coinme to expand cryptocurrency access
фото показано с : invezz.com

2021-5-13 17:55

MoneyGram (NASDAQ:MGI), a leading player in the cross-border P2P payments and money transfers market, announced today that it is partnering with Coinme, operator of the largest licensed cryptocurrency cash exchange in the U.S, to enable customers to purchase cryptocurrency with cash and withdraw cryptocurrency holdings in cash at thousands of retail locations in the U.S.

According to the press release, there are less than 20,000 cryptocurrency kiosks in the world today and the two companies plan to expand access to cryptocurrencies by creating thousands of new point-of-sale locations to buy and sell bitcoin and other digital cryptocurrencies.

Timeline for the launch

The plans entail launching the service at select MoneyGram locations starting in the U.S. in the coming weeks. The services will be offered for Bitcoin initially with plans for additional cryptocurrencies to be made available shortly thereafter.

The partnership also has plans to offer similar services in some international markets in the second half of 2021.

Management’s take on the partnership

“This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency,” said Alex Holmes, MoneyGram Chairman and CEO. “Our unique, global network is an incredibly valuable asset, and we’re excited to open our platform to Coinme as we increasingly look to capture new growth by monetizing our network to new use-cases.”

“MoneyGram has spent more than 80 years building one of the world’s largest P2P payment networks,” said Neil Bergquist, Coinme CEO. “By integrating its global infrastructure with our licensed crypto exchange technology, we can enable the purchase and sale of cryptocurrencies across its system using cash. This is a major milestone for the bitcoin and cryptocurrency communities, and for the millions of people who will benefit from a trusted, easy and affordable onramp to digital currency.”

The post MoneyGram partners with Coinme to expand cryptocurrency access appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0034358 (-100%)

cryptocurrency moneygram coinme announced today operator cash

Источник: invezz.com

cryptocurrency moneygram → Результатов: 25


Фото:

MoneyGram Debuts Cash-For-Bitcoin Trades At Over 12,000 Locations

Physical cryptocurrency ATMs were one of the first markers of progress for the crypto industry starting from the early to the mid-2010s. Crypto ATMs essentially indicated that there was significant demand for cryptocurrency, specifically bitcoin, and as the markets for cryptocurrency have grown, so has the prevalence of bitcoin and general crypto ATMs. Now, MoneyGram […]

2021-5-13 00:11


Фото:

MoneyGram Slapped With Class-Action Lawsuit For Issuing Misleading Statements Concerning XRP

The fiasco surrounding the legal status of Ripple’s cryptocurrency XRP continues to unfold as a new lawsuit filed against MoneyGram puts pressure on the case. MoneyGram, presently the world’s second-biggest money transfer service provider, is being sued for allegedly making false statements regarding its relationship with Ripple and also for failing to reveal that XRP […]

2021-3-3 20:56


Фото:

More Woes For XRP As MoneyGram Suspends Trading On Ripple’s Platform

The United States Securities and Exchange Commission has a long and complex history with the cryptocurrency industry. This has included the prosecution of fraudulent Initial Coin Offerings during the ICO boom a few years ago, the back and forth of the Bitcoin ETF, and the issues surrounding the introduction of crypto-related regulation. The latest of […]

2021-2-23 00:34


Фото:

Cryptocurrency Remittance App Enables Instant Bitcoin Purchase With Credit Cards

Abra, the widely utilized cryptocurrency-based remittance platform, has integrated a functionality that enables its users to purchase bitcoin instantly with both credit and debit cards. Abra’s Cryptocurrency Push On Abra, similar to traditional remittance networks like Western Union and Moneygram, it is possible for users to send cryptocurrencies such as bitcoin and ether to individuals across the world via Abra.

2018-7-17 19:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Wallet drainer service Pink Drainer to wind down operations

Developers behind Pink Drainer, a notorious wallet drainer service implicated in the theft of over $75 million in assets, have decided to wind down their operations.  “We have reached our goal and now, according to plan, it’s time for us…

Ethereum ETF Dreams Dashed? Analyst Says SEC Approval ‘Slim To None’

For investors hoping for a simple way to gain exposure to Ethereum, the road seems paved with regulatory hurdles. The US Securities and Exchange Commission (SEC) has thrown a wrench into plans for spot Ethereum Exchange Traded Funds (ETFs), leaving the future of these investment vehicles shrouded in uncertainty.