MoneyGram brings a Crypto purchase feature for users in the U.S.

MoneyGram, a global authority in the development of digital P2P payments, lately made an announcement regarding a new service to its mobile app. This service is set to authorize its U.S. customers to buy, sell and hold crypto like Bitcoin (BTC), Ethereum (ETH) & Litecoin (LTC).

us-crypto-moneygram
MoneyGram

Coinme a licensed crypto exchange, and API-driven crypto-as-a-service provider, is promoting this latest functionality. Money Gram had invested in the company earlier this year.

MoneyGram Chairman and CEO Alex Holmes stated that cryptocurrencies are additive to everything they are doing at MoneyGram. From dollars to euros to yen and so on, MoneyGram allows instant access to over 120 currencies around the world, and they see crypto and digital currencies as another input and output option.

You may find this informative: Hong Kong plans on Allowing Retail Crypto Trading

The CEO further adds that as a next step in the evolution of MoneyGram, they are thrilled to offer their customers access to an authorized and easy-to-use forum to securely purchase, sell and hold select cryptocurrencies.

The previous endeavor of MoneyGram in the world of digital currencies didn’t go well. The firm had to part ways with Ripple Labs after the company got into a legal tussle with SEC. Hence, the latest service is a long-term strategic decision made by the company to offer a distinctive service along with fiat currencies. It will be interesting to see how the users respond to the latest service.


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