MoneyGram, a payment company, has launched cryptocurrency trading, selling, and buying on its app.
MoneyGram’s app now includes a new peer-to-peer service that allows customers to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
MoneyGram will offer the service to customers in the District of Columbia and all 50 states, with the exception of New York, Idaho, and Hawaii.
MoneyGram’s new service will be supported by Coinme, a digital currency exchange and software provider. According to global regulations, the company will expand its cryptocurrency offerings on the app in 2023.
The remaining four cryptocurrencies offered by Coinme, namely MATIC, LINK, DOGE, and XLM, may be included in the expansion.
MoneyGram also employs Coinme’s software in its thousands of ATMs, which allow cryptocurrency purchases with bank cards.
Previously, the company collaborated with the Stellar Foundation. The agreement allows users with Stellar blockchain wallets to convert their holdings to USDC, which can then be cashed out via MoneyGram’s network.