P2P payments and money transfer company MoneyGram is expanding its payment method list with Ethereum and a number of altcoins.
MoneyGram adds support for Ethereum, LTC and coins
According to a new announcement, MoneyGram users will now be able to transact with cryptocurrencies like Bitcoin and Ethereum. The payment method company has also introduced an in-app investment feature for a number of cryptocurrencies. Customers can now find Bitcoin, Ethereum and Litecoin on the MoneyGram mobile app thanks to a new feature. The app also allows users to send money, pay bills and trade cryptocurrencies.
The currently inactive service will be available in all 50 states and the District of Columbia when ready. Users can also add funds to purchase Bitcoin, Ethereum or Litecoin via debit card. MoneyGram is one of the largest financial services companies to fully embrace cryptocurrencies. The latest feature was the last project the business developed regarding cryptocurrencies. Alex Holmes, Chairman and CEO of MoneyGram, made a statement on the subject:
Cryptocurrencies complement everything MoneyGram does… MoneyGram offers instant access to over 120 different currencies worldwide; we see cryptocurrencies and digital currencies as an additional entry and exit option.
Holmes also emphasized that the business wants customers to invest in emerging cryptocurrencies. He also stated that the company’s mobile app will now make it easier for users to invest in cryptocurrencies.
MoneyGram accelerates global adoption of cryptocurrencies
The company partnered with Coinme last year to provide BTC to customers through payment points. This new in-app cryptocurrency investment feature for MoneyGram is now also supported by Coinme. MoneyGram has been actively involved in the cryptocurrency scene recently to offer adequate options to its customers who are interested in cryptocurrencies. Notably, it announced the launch of its cutting-edge Stellar-powered crypto-to-currency offering in June. The payment method company is specifically looking for blockchains best suited for cross-border transactions.
.@MoneyGram announces innovative agreement with the Stellar Development Foundation to utilize blockchain technology, providing a bridge between digital assets and local currencies for consumers https://t.co/E7NdfJctik
— Stellar (@StellarOrg) October 6, 2021
MoneyGram has served more than 10 million customers worldwide since its founding in 1980. It currently focuses on providing users with easy-to-use money transfer services. MoneyGram’s mission has expanded to include this asset class in light of the growing demand for cryptocurrencies. By the way, cryptotokoin.comMoneyGram and the Stellar Development Foundation have partnered with Techstars to support breakthrough services in blockchain-powered cross-border settlements.
