International money transfer service entered into a partnership agreement with digital asset exchange platform and crypto ATM operator Coinme.
One of the largest international money transfer services, MoneyGram, will allow the purchase and withdrawal of cryptocurrency at its branches in the United States, CNBC reports .
According to the publication, for this, the company entered into a partnership agreement with the cryptocurrency exchange platform and the crypto ATM operator Coinme.
According to Alex Holmes, Chief Executive Officer of MoneyGram, the company became the first in the world to implement a model of converting cryptocurrency into cash.
In 2018, MoneyGram already partnered with blockchain company Ripple to use XRP token in cross-border payments. However, their cooperation was interrupted late last year after the US Securities and Exchange Commission (SEC) accused Ripple of selling unregistered securities in the form of XRP tokens worth $ 1.3 billion.
In mid-April, PayPal-owned mobile payment service Venmo announced the addition of the ability to buy, sell and store cryptocurrency. Its 70 million customers gained access to four digital coins – Bitcoin, Ethereum, Litecoin and Bitcoin Cash. And in March, PayPal customers from the United States were able to make payments in cryptocurrency.
