MoneyGram Launches New Bitcoin Cash Trading Service for US Customers

MoneyGram Launches New Bitcoin Cash Trading Service for US Customers

MoneyGram and Coinme, a licensed crypto-to-cash exchange in the US, recently announced the “launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales.

MoneyGram is one of the world’s top cross-border P2P payments and money transfers facilitators, which currently caters to over 150 million customers across the globe.

Coinme is a US-based cryptocurrency exchange and ATM operator with over 20,000 locations for trading Bitcoin with cash through partnerships with Coinstar and MoneyGram.

In the official announcement, the companies noted that the partnership “will bring bitcoin to thousands of new point-of-sale locations in the U.S., with plans to expand to select international markets in the second half of 2021.” The report added that the new service would establish “global cash on and off-ramps and ensure access to Bitcoin.”

The announcement detailed that:

“The Moneygram and Coinme integration will provide a fast and easy way for customers to purchase bitcoin with cash and withdraw bitcoin holdings in cash.”

MoneyGram Limits the Crypto Service to the US for Now

According to the report, only select MoneyGram outlets in the US can offer the new crypto service when it launches in a few weeks.

However, the partnering companies will make the service available to other parts of the world with more crypto selection shortly after the launch in the US.

According to the information on Coinme’s website, the service is “available at 12,000 Moneygram locations.”

The companies revealed that the crypto service “is specially designed for customers who may be interested in utilizing bitcoin for the first time.

Speaking on the matter, the CEO of MoneyGram, Alex Holmes, noted that:

“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.”

 

You can purchase crypto coins here: Buy Coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.