Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app
Global digital peer-to-peer payments giant MoneyGram expressed on Nov 1 that users in all U.S states and the District of Columbia can buy, sell and hold cryptocurrency, specifically Bitcoin, Ether, and Litecoin via MoneyGram mobile app.
MoneyGram said that it aims to add more digital currencies to its app in 2023 as global regulations allow.
Alex Holmes, chairman, and CEO of MoneyGram expressed:
“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.”
Furthermore, The rollout of this latest crypto-related initiative is a part of the company's vision to increase adoption by bringing real-world cryptocurrency and blockchain use cases to life.