Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme. The collaboration â€œwill bring bitcoin to thousands of new point-of-sale locations in the U.S. with plans to expand to select international markets in the second half of 2021,â€ the companies say.
Bitcoin at Moneygram Locations
Moneygram International Inc. and Coinme, a licensed crypto-to-cash exchange in the U.S., announced Wednesday the â€œlaunch of a new partnership to enable the cash funding and payout of digital currency purchases and sales.â€
A global leader in cross-border P2P payments and money transfers, Moneygram serves nearly 150 million people across the globe over the last five years. Coinme is a crypto exchange and ATM operator that currently powers over 20,000 physical locations to buy and sell bitcoin using cash through partnerships with Coinstar and Moneygram.
The collaboration â€œwill bring bitcoin to thousands of new point-of-sale locations in the U.S., with plans to expand to select international markets in the second half of 2021,â€ the companies detailed. The new service will create â€œglobal cash on and off-rampsâ€ to â€œensure access to bitcoin.â€
According to the announcement:
Initially, the service will be available at select Moneygram locations in the U.S. in the coming weeks. However, the companies plan to add more countries and cryptocurrencies shortly thereafter. According to Coinmeâ€™s website, the service is â€œavailable at 12,000 Moneygram locations.â€
The companies noted that the new service â€œis specially designed for customers who may be interested in utilizing bitcoin for the first time.â€
Alex Holmes, Moneygramâ€™s CEO, opined:
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