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MoneyGram Debuts Crypto Purchases on Mobile App
Purchases will be enabled through MoneyGram's existing partnership with crypto exchange Coinme.
Payments firm MoneyGram (MGI) has added a service to its mobile app allowing nearly all U.S. customers to buy, sell and hold bitcoin (BTC), ether (ETH) and litecoin (LTC). The company expects to expand those cryptocurrency selections over the coming year, pending global regulation.
The new functionality is being enabled by crypto exchange Coinme, in which MoneyGram made a strategic minority investment earlier this year. That investment followed MoneyGram's move with Coinme last year to allow customers to buy and sell bitcoin for cash at 12,000 U.S. retail locations.
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Read more:MoneyGram to Allow Bitcoin Buying and Selling Across Retail Network
Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
