Payments
MoneyGram partners with Coinme to push bitcoin acceptance
May 21, 2021
MoneyGram International Inc., a cross border P2P payments and money transfers company, is partnering with cryptocurrency cash exchange Coinme Inc. to allow customers to purchase and withdraw bitcoin at point-of-sale locations in the U.S., according to a press release.
With this partnership, customers can purchase bitcoin with cash and withdraw bitcoin holdings in cash. The companies are aiming to appeal to first-time bitcoin users.
"This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency," Alex Holmes, chairman and CEO, MoneyGram, said in the release "Our unique, global network is an incredibly valuable asset, and we're excited to open our platform to Coinme as we increasingly look to capture new growth by monetizing our network to new use-cases."
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