MoneyGram and Coinme Companion to Develop Entry to Bitcoin | State Information

DALLASĀ and SEATTLE, Might 12, 2021 /PRNewswire/ — MoneyGram Worldwide, Inc. (NASDAQ: MGI), a worldwide chief in cross-border P2P funds and cash transfers, and Coinme Inc., the biggest licensed cryptocurrency money change within the U.S., at this time introduced the launch of a brand new partnership to allow the money funding and payout of digital foreign money purchases and gross sales. The partnership, which makes use of MoneyGram’s trendy, cell and API-driven funds platform and Coinme’s proprietary cryptocurrency change and custody expertise, will convey bitcoin to hundreds of recent point-of-sale areas within the U.S., with plans to broaden to pick out worldwide markets within the second half of 2021.

“This modern partnership opens our enterprise to a completely new buyer phase as we’re the primary to pioneer a crypto-to-cash mannequin by constructing a bridge with Coinme to attach bitcoin to native fiat foreign money,” stated Alex Holmes, MoneyGram Chairman and CEO. “Our distinctive, world community is an extremely worthwhile asset, and we’re excited to open our platform to Coinme as we more and more look to seize new progress by monetizing our community to new use-cases.”

World money on and off-ramps guarantee entry to bitcoin

The MoneyGram and Coinme integration will present a quick and straightforward manner for purchasers to buy bitcoin with money and withdraw bitcoin holdings in money. It’s specifically designed for purchasers who could also be focused on using bitcoin for the primary time. With lower than 20,000 cryptocurrency kiosks on this planet at this time, the MoneyGram and Coinme partnership will additional broaden entry to bitcoin and probably different digital currencies by creating hundreds of recent point-of-sale areas to purchase and promote cryptocurrency.

“MoneyGram has spent greater than 80 years constructing one of many world’s largest P2P cost networks,” stated Neil Bergquist, Coinme CEO. “By integrating its world infrastructure with our licensed crypto change expertise, we will allow the acquisition and sale of cryptocurrencies throughout its system utilizing money. This can be a main milestone for the bitcoin and cryptocurrency communities, and for the thousands and thousands of people that will profit from a trusted, simple and inexpensive onramp to digital foreign money.”

The service might be accessible at choose MoneyGram areas beginning within the U.S. within the coming weeks. Further nations and cryptocurrencies might be made accessible shortly thereafter. To be taught extra, go to www.coinme.com/moneygram.

About MoneyGram Worldwide, Inc.

MoneyGram is main the evolution of digital P2P funds. With a purpose-driven technique to mobilize the motion of cash, a robust tradition of fintech innovation, and main customer-centric capabilities, MoneyGram has grown to serve practically 150 million individuals throughout the globe over the past 5 years.

The Firm leverages its trendy, cell, and API-driven platform and collaborates with the world’s main manufacturers to serve shoppers via MoneyGram On-line (MGO), its direct-to-consumer digital enterprise, its world retail community and its rising embedded finance enterprise for enterprise prospects, MoneyGram as a Service.

Coinme operates the biggest licensed cryptocurrency money change within the U.S. Based in 2014 with the straightforward perception that purchasing digital currencies must be simple and accessible to everybody, at this time Coinme powers over 20,000 bodily areas to purchase and promote bitcoin utilizing money via partnerships with Coinstar and MoneyGram. The corporate gives an enterprise-grade API that helps “crypto-enable” legacy monetary techniques, and a vertically built-in suite of client merchandise that present a simple and safe manner to purchase, promote, retailer and handle digital currencies. For extra data, go to www.coinme.com.

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