coinme, Coinstar, MoneyGram, moneygram bitcoin, moneygram crypto, moneygram cryptocurrency, moneygram locations, moneygram partnership

Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme. The collaboration “will 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,†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 “launch 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 “will 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,†the companies detailed. The new service will create “global cash on and off-ramps†to “ensure 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 Coinme’s website, the service is “available at 12,000 Moneygram locations.â€

coinme, Coinstar, MoneyGram, moneygram bitcoin, moneygram crypto, moneygram cryptocurrency, moneygram locations, moneygram partnership
Bitcoin buying and selling are available at 12,000 Moneygram locations. Source: Coinme

The companies noted that the new service “is specially designed for customers who may be interested in utilizing bitcoin for the first time.â€

Alex Holmes, Moneygram’s CEO, opined:

What do you think about Moneygram’s new bitcoin service? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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