MoneyGram Partners With Coinme to Enable Bitcoin Trade at Stores in US
Moneygram, a popular peer-to-peer and cross-border money transfer service has become the latest mainstream payment processor to offer Bitcoin trading service in association with popular Bitcoin cash exchange Coinme. The one of its kind partnership would allow US customers to buy Bitcoin against cash at 12,000 retail kiosks starting this month, then another 5,000 locations in June.
Alex Holmes, MoneyGram Chairman, and CEO commented on their recent crypto association and said that their association to offer Bitcoin against cash would help in better crypto adoption across the US. He explained,
coingape
Hot
Stories
Binance Coin Price Analysis: BNB Revives T...
Total Inflow of Bitcoin On Bitfinex Rises ...
Dfinity’s Governance Token ICP Debut...
Shiba Inu Coin Rises Over 1500% WoW As Mem...
NEWS Bitcoin News
MoneyGram Partners With Coinme to Enable Bitcoin Trade at Stores in US
By Prashant Jha
Published 40 mins ago | Updated 30 mins ago
Moneygram
Moneygram partners with Coinme to offer cash-based Bitcoin purchase and selling options at 12,000 retail stores across the US.
The recent crypto partnership for Moneygram comes months after its fallout with Ripple, post-SEC lawsuit.
Stormgain Mine Crypto Just From Your Phone
Moneygram, a popular peer-to-peer and cross-border money transfer service has become the latest mainstream payment processor to offer Bitcoin trading service in association with popular Bitcoin cash exchange Coinme. The one of its kind partnership would allow US customers to buy Bitcoin against cash at 12,000 retail kiosks starting this month, then another 5,000 locations in June.
ADVERTISEMENT
Merchant Token
Alex Holmes, MoneyGram Chairman, and CEO commented on their recent crypto association and said that their association to offer Bitcoin against cash would help in better crypto adoption across the US. He explained,
Mine Crypto On Your Phone In Just 4 Hours ->
“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. 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.”
Moneygram is one of the biggest names when it comes to wire transfer and the fact that they have partnered with a Bitcoin ATM service provider speaks volumes about the growing Bitcoin adoption. However, this won’t be the first crypto venture for the cross-border money transfer service provider, as it was a key strategic Ripple partner until the SEC lawsuit, following which it cut ties with the crypto company. Moneygram was utilizing Ripple’s cross-border decentralized solution called RippleNet like SBI in Japan, however, in its official statement post-SEC lawsuit filing the company said it wasn’t utilizing the Ripplenet services.
The facility to purchase Bitcoin directly against cash that too at thousands of retail stores across the US would surely add to the growing adoption curve with a recent survey indicating nearly 46 million US customers already hold cryptocurrencies.
Source-https://coingape.com/moneygram-partners-with-coinme-to-enable-bitcoin-trading-at-stores-in-us/
Plagiarised Content
https://coingape.com/moneygram-partners-with-coinme-to-enable-bitcoin-trading-at-stores-in-us/
This content appears to be plagiarised as indicated by @jawad101.
If you have not already done so, you should head to the newcomers community and complete the newcomer achievement programme. Not only will you earn money through upvotes, you will learn about content etiquette;
You are currently in Stage 1 of our 4 Stage Process:
👉 Stage 1 - 1st Warning - Pointing offenders towards Achievement 3 and highlighting this process. All plagiarised posts currently pending rewards will be flagged and downvoted to $0 rewards.
Stage 2 - A Final Warning - Another request to stop and that plagiarism will not be tolerated. Downvotes amounting to 20% of total pending rewards according to steemworld.
Stage 3 - A stronger message - Downvotes amounting to 50% of pending rewards.
Stage 4 - The strongest message possible - Downvotes amounting to 100% of pending rewards.
Plagiarists will bypass stage 1 if translated from another language.