MoneyGram, a money transfer service, has introduced options for users in the U.S. to trade and store bitcoin, ethereum and litecoin within a mobile app.
MoneyGram has announced a new service that enables consumers to buy, sell and hold cryptocurrencies through the MoneyGram app. This feature enables customers in almost every state in the United States to trade and store BTC, ETH, and LTC.
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— MoneyGram (@MoneyGram) November 1, 2022
The solution was implemented in partnership with licensed cryptocurrency exchange Coinme. In 2021, the partners opened the possibility to buy and sell Bitcoin in fiat currency at the branch of the transfer provider.
MoneyGram also leverages the Stellar blockchain to provide local currency payments for transfers of Circle’s USD Coin (USDC) stablecoin.
“Cryptocurrencies complement everything we do at MoneyGram. From USD to EUR, JPY and more, we provide instant access to over 120 currencies around the world and see Crypto assets as another input and output option [средств]”, – said Alex Holmes, chairman and CEO of the company.
MoneyGram expects to expand the number of cryptocurrencies supported by the app in the future.
Recall that in 2019, the service started processing cross-border payments through Ripple’s on-demand liquidity system.
In February 2021, the service stopped using XRP token-based products, citing uncertainty due to Ripple’s lawsuit with U.S. authorities.
In March of the same year, the partners stopped working together.
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