Moneygram buys 4% stake in crypto ATM operator Coinme
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....
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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,....
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 […]
Money transfer company MoneyGram and bitcoin kiosk operator Coinme have partnered to offer bitcoin for fiat at thousands of locations.
According to a press release, payment company MoneyGram released a new Bitcoin and crypto service for its mobile app. The company lets U.S. customers purchase, sell, and hold digital assets on its platform. Related Reading: Bitcoin Miner Selling Power At Lowest For 2022, Green Sign For Market? The service was launched with Coinme, a crypto exchange, and crypto service provider. MoneyGram and Coinme partnered in 2021. At that time, the partners launched the first in-store crypto trading service. This product allowed users to access Bitcoin and crypto across thousands of point-of-sale in....