Breaking More Crypto Point-of-Sales Through MoneyGram, Coinme Partnership

Share Article
In Brief
  • MoneyGram is partnering with Coinme to enable the cash funding and payout of digital currency purchases and sales.

  • The partnership will combine MoneyGram’s payments platform with Coinme’s custody technology.

  • This could dramatically expand access to cryptocurrencies, in a world with fewer than 20,000 cryptocurrency kiosks.

  • promo

    The BIT Time Rush: 8M BIT to Be Won. Three Innings; Massive Winnings. Join Now!

The Trust Project is an international consortium of news organizations building standards of transparency.

MoneyGram is partnering with Coinme to enable the cash funding and payout of digital currency purchases and sales. 

Sponsored



Sponsored

The partnership will pair MoneyGram’s mobile, API-driven payments platform with Coinme’s proprietary cryptocurrency exchange and custody technology. It will enable thousands of new point-of-sale locations throughout the United States. If successful, the partnership will expand to international markets by the second half of 2021.

“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,” remarked MoneyGram Chairman and CEO Alex Holmes. 

Sponsored



Sponsored

Specially designed for newcomers to cryptocurrencies, the integration is set to provide a convenient way for customers to purchase bitcoin (BTC) with cash and withdraw bitcoin holdings in cash. This could dramatically expand access to bitcoin, as there are currently fewer than 20,000 cryptocurrency kiosks in the world.

“MoneyGram has spent more than 80 years building one of the world’s largest P2P payment networks,” said Neil Bergquist, Coinme CEO. “By integrating its global infrastructure with our licensed crypto exchange technology, we can enable the purchase and sale of cryptocurrencies across its system using cash”.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

Follow Author

Limited offer! Learn to mine and trade crypto today for free

Join

Bit2Me ICO JUST STARTED! Buy B2M token now.

Buy now!

The BIT Time Rush. 8M BIT to Be Won. Three Innings; Massive Winnings.

Join Now!