Money-transfer service MoneyGram has launched a new peer-to-peer service on its app to enable consumers to buy, sell, and hold Bitcoin, Ethereum, and Litecoin.
MoneyGram will roll out the service to U.S. customers in the District of Columbia and all U.S. states, excluding New York, Idaho, and Hawaii.
MoneyGram to partner with Coinme
Digital currency exchange and software provider Coinme will provide the backend support for MoneyGram’s new service. The company will expand its offerings of cryptocurrencies on the app in 2023 per global regulations. The expansion may include the remaining four cryptocurrencies offered by Coinme, namely MATIC, LINK, DOGE, and XLM.
“As a next step in the evolution of MoneyGram, we’re thrilled to provide our customers with access to a trusted and easy-to-use platform to securely buy, sell and hold select cryptocurrencies,” says MoneyGram chief executive Alex Holmes.
