MoneyGram Users In United States Can Now Buy, Sell And Store Cryptocurrencies
MoneyGram Users In United States Can Now Buy, Sell And Store Cryptocurrencies
The global payments service platform has launched crypto-asset services on its mobile app allowing users to buy, store and sell cryptocurrencies including Bitcoin, Ether and Litecoin.
American peer-to-peer (P2P) payments platform MoneyGram has announced that all users in the United States will be able to buy, sell and store cryptocurrencies including Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) via the MoneyGram mobile app. The digital payments company also revealed that it will be adding support for other crypto assets from next year.
MoneyGram partnered with licensed crypto exchange and service provider Coinme to integrate the facility on its mobile app. The rollout is part of the global payments firm’s initiative to increase cryptocurrency adoption by bringing real world use cases for the asset.
“As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet that demand and bridge the gap between blockchain and traditional financial services thanks to our global network, leading compliance solutions, and strong culture of fintech innovation, said Alex Holmes,” Chairman and CEO of MoneyGram.
MoneyGram now follows other popular payment service providers who supports cryptocurrencies on their platforms. Last month, CashApp announced that users in the United States will be able to send and receive Bitcoin (BTC) via the Lightning Network — a Layer-2 scaling solution that facilitates BTC micropayments. In April, the mobile payments platform founded by former Twitter CEO Jack Dorsey launched ‘Paid in Bitcoin’, a service that allows customers to receive full or portions of their monthly paycheck in the cryptocurrency.