MoneyGram to Allow US Prospects to Commerce and Retailer Bitcoin and Ether

Cash switch companies big MoneyGram will now enable prospects to commerce and maintain some main cryptocurrencies utilizing the corporate’s cell app.

The transfer marks an enlargement to MoneyGram’s native crypto help because it beforehand enabled customers to purchase and withdraw Bitcoin in the USA.

• In response to a press release on Tuesday (November 1, 2022). MoneyGram launched a brand new characteristic that may enable prospects to purchase, promote, and retailer Bitcoin, Ether, and Litecoin. The corporate plans so as to add extra crypto belongings to its platform in 2023.
• This newest improvement was attainable by a partnership with the crypto trade Coinme. The flexibility to commerce and maintain crypto is offered to MoneyGram prospects in virtually all U.S. states and the District of Columbia (DC).
• At this time’s announcement additionally expands MoneyGram’s earlier Bitcoin help for purchasers. In Might 2021, the corporate enabled customers to purchase and withdraw BTC in a number of of its bodily retailers throughout the States.
• A press release from MoneyGram’s CEO and Chairman Alex Holmes, stated:

“As a subsequent step within the evolution of MoneyGram, we’re thrilled to supply our prospects with entry to a trusted and easy-to-use platform to securely purchase, promote and maintain choose cryptocurrencies.”

• Holmes additionally acknowledged that the corporate continues to satisfy prospects’ demand for cryptocurrency whereas additionally connecting blockchain with conventional monetary companies.
• The cash switch big beforehand partnered with the likes of Ripple and Stellar.
• MoneyGram ditched its collaboration with the previous after the U.S. Securities and Trade Fee filed a lawsuit in opposition to it.