MoneyGram Enables U.S Users For Cryptocurrency Trading

Through the MoneyGram mobile app, US customers may now purchase, trade, and keep cryptocurrencies.

MoneyGram intends to expand the service’s availability to new markets and more currency. Currently, consumers may use Bitcoin, Ethereum, and Litecoin in almost all US states.

The function is the result of MoneyGram’s collaboration with Coinme, a US cryptocurrency company in which MoneyGram made an early-year investment. At certain MoneyGram facilities, the partners already collaborate to allow consumers to purchase and trade bitcoin.

To avoid falling behind in the blockchain age, MoneyGram has been actively investigating cryptocurrency potential. The business partnered with Ripple back in 2019 and now uses its XRP digital currency for cross-border payments and currency settlement.

MoneyGram and Stellar have teamed together to provide quick money transfers utilising the USDC stablecoin because that cooperation terminated due to a regulatory dispute with the Securities and Exchange Commission.

Alex Holmes, CEO, MoneyGram, says: “Cryptocurrencies are additive to everything we’re doing at MoneyGram. From dollars to euros to yen and so on, MoneyGram enables instant access to over 120 currencies around the globe, and we see crypto and digital currencies as another input and output option.”