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MoneyGram Partners With Coinme to Enable Bitcoin Trade at Stores in US


coingape.com 12 May 2021 16:15, UTC
Reading time: ~1 m

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.

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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,

“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.”

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