Yesterday MoneyGram confirmed it has taken a 4% stake in Coinme which enables users to buy cryptocurrencies with physical cash, either via an app at MoneyGram locations or using kiosks elsewhere.
“At MoneyGram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate as a compliant bridge to connect digital assets to local fiat currency,” said Alex Holmes, MoneyGram Chairman and CEO. “Our unique cash-to-bitcoin offering with Coinme, announced in May of 2021, opened our business to an entirely new customer segment.”
The companies say they plan to launch additional joint services beyond buying bitcoin with cash.
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