Moneygram Invests in Crypto ATM Operator — CEO Bullish on Opportunities Crypt...
Moneygram has completed an investment in cryptocurrency ATM operator Coinme. “At Moneygram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency,” said the CEO. Moneygram Invests in Crypto Company Coinme Moneygram International Inc. (NASDAQ: MGI) announced Wednesday that the company “has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S.” This venture gives Moneygram an approximate 4% ownership stake in Coinme. Alex Holmes, Moneygram chairman and CEO,....
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The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round.In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme — likely more than $764,000, given its valuation of $19.1 million in June — as part of a strategic investment in the crypto company. The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat....
The remittances giant acquired a 4% stake in Coinme to support the bitcoin exchange’s growth plans.
In partnership with Coinme, MoneyGram has announced today their intent to accept buying and selling of Bitcoin at over 12,000 US locations. The announcement also included the intent to expand support for Bitcoin internationally by the back half of 2021. MoneyGram & Coinme Partnership MoneyGram is a long-time global payments operator citing nearly 150M consumers […]
Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum.
Moneygram’s New Crypto Service
Moneygram International Inc. (Nasdaq: MGI) announced the launch of a new cryptocurrency service Tuesday. The official Twitter account for Moneygram tweeted:
Moneygram announces the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via the Moneygram app. This feature gives customers in....
MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds. MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s USD Coin (USDC) to recipients, who will be able to cash them out for fiat currency through the MoneyGram network.“We’re trying to be a bridge from the crypto world to the fiat world,” MoneyGram CEO Alex Holmes said in....