Funds firm MoneyGram is rolling out a brand new service that permits customers to purchase, promote and maintain crypto property utilizing the corporate’s cellular app.
In a statement, the cash switch big says the MoneyGram app’s crypto buying and selling function will help Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) and is now obtainable to prospects in almost all US states and the District of Columbia.
Says MoneyGram chairman and CEO Alex Holmes,
“We see crypto and digital currencies as one other enter and output possibility. As a subsequent step within the evolution of MoneyGram, we’re thrilled to offer our prospects with entry to a trusted and easy-to-use platform to securely purchase, promote and maintain choose cryptocurrencies.”
The corporate is bringing the brand new service to its prospects with the assistance of the crypto trade CoinMe. The 2 firms have been working collectively since 2021 when MoneyGram teamed up with CoinMe to allow prospects to purchase Bitcoin utilizing fiat foreign money and convert the digital coin to money at its bodily places within the US.
In June, MoneyGram additionally launched a brand new service in key remittance markets, together with the Philippines, US, Canada and Kenya, to bridge fiat cash and cryptocurrencies utilizing funds blockchain Stellar (XLM) and the stablecoin USD Coin (USDC).
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