MoneyGram to Enable US Customers to Trade and Store Bitcoin and Ether

Money transfer services giant MoneyGram will now allow customers to trade and hold some major cryptocurrencies using the company’s mobile app.

The move marks an expansion to MoneyGram’s native crypto support as it previously enabled users to buy and withdraw Bitcoin in the United States.

According to a press release on Tuesday (November 1, 2022). MoneyGram introduced a new feature that will allow customers to buy, sell, and store Bitcoin, Ether, and Litecoin. The company plans to add more crypto assets to its platform in 2023.
This latest development was possible through a partnership with the crypto exchange Coinme. The ability to trade and hold crypto is available to MoneyGram customers in almost all U.S. states and the District of Columbia (DC).
Today’s announcement also expands MoneyGram’s previous Bitcoin support for customers. In May 2021, the company enabled consumers to buy and withdraw BTC in several of its physical outlets across the States.
A statement from MoneyGram’s CEO and Chairman Alex Holmes, said:

“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.”

Holmes also stated that the company continues to meet customers’ demand for cryptocurrency while also connecting blockchain with traditional financial services.
The money transfer giant previously partnered with the likes of Ripple and Stellar.
MoneyGram ditched its collaboration with the former after the U.S. Securities and Exchange Commission filed a lawsuit against it.

The post MoneyGram to Enable US Customers to Trade and Store Bitcoin and Ether appeared first on CryptoPotato.

Related Posts

Crypto Lender Genesis Owes Crypto Exchange Gemini Clients $900M, FT Report

Crypto lender Genesis owes US-based crypto exchange Gemini customers $900 million, according to a December 3 Financial Times report. The report revealed that Gemini had formed a…

WAHED Projects Donates 5 Million Coins to Fund Autism Research

Investment and philanthropy platform WAHED has donated 5 million of its utility token WAHED Coin to Fondazione Europea Alessandro Cenci (FEAC) at a private event in Rome. …

BNX Price Tanks 80% on Rumors of BinaryX Team Selling Treasury Tokens

The BinaryX BNX token has fallen by over 50% in the last 24 hours following rumors of its developers selling treasury tokens. Rumors surfaced earlier today that…

CryptoArt Sundays: Interview with Mist Grafik

Hey all! Welcome to another epic round of CryptoArt Sundays! I’m so excited once again as  get to introduce you to a new, amazing artist this weekend…

Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review

Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other…

These Are The Two Critical Levels for BTC to Determine the Mid-Term Trend (Bitcoin Price Analysis)

Bitcoin’s price is approaching a significant level, which could prove decisive for the mid-term trend of the market. Although there are some positive signs on the technical…

Generated by Feedzy