Consumers in the U.S. can now trade and store
Bitcoin (BTC), Ethereum
(ETH) and Litecoin (LTC) by using the
Company's leading mobile app
This is the latest crypto-related
service launch from a company bringing real-world
cryptocurrency and blockchain use cases to
life
DALLAS, Nov. 1, 2022
/PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI)
("MoneyGram" or the "Company"), a global leader in the evolution of
digital P2P payments, today announced the launch of a new service
enabling consumers to buy, sell and hold
cryptocurrency via the MoneyGram mobile app. This new
and innovative feature gives MoneyGram customers in nearly all U.S.
states and the District of
Columbia1 the ability to trade and store
Bitcoin (BTC), Ethereum
(ETH) and Litecoin (LTC) by using the
Company's leading mobile app.
This is the latest crypto-related service launch
from a company bringing real-world cryptocurrency and
blockchain use cases to life. From on/off-ramp services for digital
wallets through partnerships with Coinme, Stellar and G-Coin, to
cross-border settlement through Circle's USD Coin (USDC), to the
new ability to buy and store crypto simply by using
its app, MoneyGram is pioneering cross-border payment innovation
and blockchain-enabled settlement.
"Cryptocurrencies are additive to everything we're doing at
MoneyGram. From dollars to euros to yen and so on, MoneyGram
enables instant access to over 120 currencies around the globe, and
we see crypto and digital currencies as another input
and output option," said Alex
Holmes, MoneyGram Chairman and CEO. "As a next step in the
evolution of MoneyGram, we're thrilled to provide our customers
with access to a trusted and easy-to-use platform to securely buy,
sell and hold select cryptocurrencies."
MoneyGram is on a mission to deliver innovative financial
solutions that connect the world's communities. With today's
announcement, the Company is continuing to execute that strategy
and best serve its customer base of tens of millions of people.
MoneyGram is committed to investing in new growth opportunities and
expanding past its core products to enhance consumer financial
services around the world.
Holmes added: "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. We are excited
for this next chapter in our journey."
The ability to buy, sell and hold crypto using the
MoneyGram app is made possible through the Company's existing
partnership with Coinme, a licensed crypto exchange
and API-driven crypto-as-a-service provider. Together,
since 2021, MoneyGram and Coinme have partnered to expand access to
crypto by creating thousands of new locations in the
U.S. for consumers to buy and sell bitcoin with
cash.
MoneyGram is expected to expand its future selection of
crypto coins as the Company explores expansion to
other markets in 2023, as global regulations allow.
For more information, please visit:
https://www.moneygram.com/mgo/us/en/m/crypto/
About MoneyGram International, Inc.
MoneyGram
International, Inc. (NASDAQ: MGI), a global leader in the evolution
of digital P2P payments, delivers innovative financial solutions to
connect the world's communities. With a purpose-driven strategy to
mobilize the movement of money, a strong culture of fintech
innovation, and leading customer-centric capabilities, MoneyGram
has grown to serve over 150 million people in the last five years.
The Company leverages its modern, mobile, and API-driven platform
and collaborates with the world's top brands to serve consumers
through its direct-to-consumer digital channel, global retail
network, and embedded finance business for enterprise customers.
MoneyGram is also a leader in pioneering cross-border payment
innovation and blockchain-enabled settlement. For more information,
please visit ir.moneygram.com, follow @MoneyGram on social media,
and explore the website and mobile app through moneygram.com.
MoneyGram Media Contact
Sydney
Schoolfield
media@moneygram.com
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SOURCE MoneyGram