Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app – Cointelegraph
Global digital peer-to-peer payments company MoneyGram announced on Nov. 1 that users in nearly all U.S. states and the District of Columbia, can buy, sell, and hold cryptocurrency, specifically Bitcoin (BTC), Ether (ETH) and Litecoin (LTC), via its MoneyGram mobile app.
The digital p…….
Worldwide digital peer-to-peer costs agency MoneyGram introduced on Nov. 1 that clients in almost all U.S. states and the District of Columbia, Can buy, promote, and maintain cryptocurrency, particularly Bitcoin (BTC), Ether (ETH) and Litecoin (LTC), by way of its MoneyGram mobile app.
The digital costs agency said that it plans So as to add extra digital currencies to its app in 2023, as global legal guidelines permit.
Alex Holmes, Chairman and CEO of MoneyGram, said:
“As shopper curiosity in digital currencies continues to velocity up, We’re uniquely positioned To fulfill that demand and bridge the hole between blockchain and conventional monetary providers As a Outcome of of our global community, main compliance options, And extremely effective tradition of fintech innovation.”
The rollout of this latest crypto-associated initiative Is An factor of The agency’s imaginative and prescient To enhance adoption by bringing “exact-world cryptocurrency and blockchain use circumstances to life.” MoneyGram shared that this crypSo as to addition to its app was made potential by way of its partnership with licensed crypto commerce and API-pushed crypto-as-a-service supplier, Coinme.
Related: Paypal’s crypto ‘super app’ set to roll out quickly
Regardless of being in a bear market with no clear finish in sight, some corporations Appear to be laying the foundations to increase into the crypto world. On Oct. 25, Cointelegraph reported that Western Union filed three logos that coated managing digital wallets, exchanging digital belongings and commodities derivatives, issuing tokens of worth, and brokerage and insurance coverage providers.
Additionally in October, the mobile cost processing app Money App added assist for transactions by way of the Bitcoin Lightning Network. The mannequin new function Is about To permit Money App clients to sfinish and acquire …….
