This option is specially designed for customers who may be interested in utilizing BTC for the first time
MoneyGram now lets customers buy ans sell Bitcoin. Source: pixabay.com
MoneyGram International has teamed up with Coinme, the largest licensed cryptocurrency cash exchange in the US, to enable the cash funding and payout of digital currency purchases and sales.
The partnership uses MoneyGram’s modern, mobile and API-driven payments platform and Coinme’s proprietary cryptocurrency exchange and custody technology. Both companies will bring Bitcoin to thousands of new POS locations in the US, with plans to expand to select international markets in the second half of 2021.
The MoneyGram and Coinme integration will provide a fast way for customers to purchase Bitcoin with cash and withdraw BTC holdings in cash.
With less than 20,000 cryptocurrency kiosks globally, the MoneyGram and Coinme partnership will further expand access to Bitcoin and potentially other digital currencies by creating thousands of new POS locations to buy and sell crypto.
We’ve reported that FIS enabled Bitcoin purchases from bank accounts.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
