MoneyGram International, Inc, a prominent global leader in the crypto world and the evolution of digital P2P payments, has announced to the general public the launch of a new and innovative service that allows consumers to buy, sell and hold cryptocurrency via the MoneyGram mobile app. This announcement was made today, 1st of November 2022, in Dallas, United States.
MoneyGram customers in almost all U.S. states and the District of Columbia are in for a great ride via this new innovative feature launched by the Company because it enables them to trade and store top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) by utilizing the mobile app from any location and at any convenient time.
MoneyGram is pioneering cross-border payment innovation and blockchain-enabled settlement with its newly launched mobile app feature. This is the most recent crypto-related service launch from any company introducing real-world cryptocurrency and blockchain use cases to life.
The Company has experienced various victories and also displayed ingenuity at different counts, from on/off-ramp services for digital wallets through a strong and healthy partnership with Coinme, Stellar, and G-Coin, to cross-border settlement through Circle’s USD Coin (USDC), to the new and innovative ability for the Company’s customers to buy and store crypto seamlessly by using its Mobile app.
MoneyGram CEO’s View of the New Mobile App Feature
During the announcement of this new and innovative Crypto service, Alex Holmes, MoneyGram Chairman and CEO stated,
“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. We see crypto and digital currencies as another input and output option. 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 buy, sell and hold select cryptocurrencies securely.”
He also added:
“As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet that demand and bridge the gap between blockchain and traditional financial services thanks to our global network, leading compliance solutions and strong culture of fintech innovation. We are excited for this next chapter in our journey.”
MoneyGram’s Motivation for These New Innovations
MoneyGram is passionate and committed to generously investing in brand-new growth opportunities and moving beyond its core products to significantly improve consumer financial services globally. Furthermore, MoneyGram is on a strategic mission to offer new and innovative financial solutions that significantly bring the world’s communities together. As a result of today’s notable announcement, MoneyGram has made giant strides in its endeavors to execute that strategy effectively and best serve its customer base of tens of millions of people.
MoneyGram is one of many executing this new crypto service. Still, the success of this project is a result of their existing partnership with Coinme, a licensed crypto exchange and API-driven crypto-as-a-service provider. These two organizations have been in partnership since 2001. They have worked together to significantly increase access to crypto by creating thousands of new locations in the U.S. for consumers to purchase and sell bitcoin with cash.