Today MoneyGram announced it supports the purchase of cryptocurrencies bitcoin, ethereum and litecoin via the MoneyGram app. The remittance company has been using cryptocurrency and blockchain for some time. Previous steps were a path to enable cross border payments and resulted in on and offramps in fiat currencies, even if they were stablecoins. Now the on and offramps can be cryptocurrencies.
It follows the news at the start of the year that MoneyGram bought a minority stake in crypto onramp CoinMe, a crypto exchange that is powering the latest move.
“Cryptocurrencies are additive to everything we’re doing at MoneyGram. From dollars to euros to yen and so on,” said Alex Holmes, MoneyGram Chairman and CEO. “We see crypto and digital currencies as another input and output option.”
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