MoneyGram bets on cryptocurrencies and invests in the Coinme crypto-exchange

MoneyGram is not giving up on crypto After ending its collaboration with Ripple (XRP), the payment company MoneyGram entered into a partnership with the Stellar network (XLM) in October 2021. This week, we learn MoneyGram starts strong this beginning of the year with an investment in Coinme.

MoneyGram continues its partnership with Coinme

let’s remember that MoneyGram is a payment service company created in 1980 and specialized in international money transfers. She had dipped a toe in the crypto ecosystem with the conclusion of a partnership with Ripple (XRP). The objective of this collaboration was to facilitate and accelerate cross-border payments. Since then, due to the dispute between the Securities and Exchange Commission (SEC) at Ripple, MoneyGram has ended this momentary association.

Last week, MoneyGram announced by a Press release having decided toinvest in the Coinme exchange. The company has just completed a strategic investment up to about 4% of the capital of Coinme.

In addition, it should be remembered that the partnership between MoneyGram and Coinme is not new. Already in May 2021, the two companies had joined forces to ” facilitate access to Bitcoin (BTC)“.

The President of MoneyGram, Alex holmes, moreover seems convinced that this investment will strengthen the position of his company in the cryptosphere:

“At MoneyGram, we continue to be optimistic about the vast opportunities that exist in the ever-growing world of cryptocurrency, and our ability to function as a compliant bridge to connect digital assets to fiat money. Our investment in Coinme illustrates our shared vision to expand access to digital assets and cryptocurrencies. “

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Coinme exchange wants to expand internationally in 2022

Coinme is a cryptocurrency exchange platform created in 2014, currently operational in 48 states. However, theexchange wish accelerate its international development, and it is counting on its partnership with MoneyGram to achieve this:

“With MoneyGram’s global network and infrastructure, the company’s continued partnership and strategic investment will help us accelerate our growth and international expansion. “

Neil Bergquist, CEO of Coinme

Cryptosphere dollar tidal wave

Last June, Coinme made a $ 10 million fundraising. Thus, the company now has, above all, need partner which facilitates its expansion thanks to their infrastructures. It seems like MoneyGram be able to offer him this, in addition to his 150 million customers internationally.

In addition, Coinme continues its partnership with the ATM supplier Coinstar. As a reminder, these distributors allow you to exchange cash (dollars) for bitcoins (BTC).

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