Home Bitcoin News MoneyGram Invests in Bitcoin Kiosk Operator Coinme

MoneyGram Invests in Bitcoin Kiosk Operator Coinme

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  • MoneyGram has acquired a 4% stake in Coinme.
  • The cash transferring firm stated the funding will help the bitcoin-to-cash change’s development plans.
  • Coinme at present operates in 48 U.S. states and goals to broaden internationally.

Remittances large MoneyGram has acquired a minority stake (4%) in bitcoin-to-cash change Coinme, in line with a Wednesday press release. The funding closes Coinme’s sequence A financing spherical with the purpose to propel its worldwide growth plans and assist MoneyGram bridge the bitcoin and fiat worlds.

“At MoneyGram, we proceed to be bullish on the huge alternatives that exist within the ever-growing world of cryptocurrency and our potential to function as a compliant bridge to attach digital property to native fiat forex,” MoneyGram chairman and CEO, Alex Holmes, stated in a press release. “Our funding in Coinme additional strengthens our partnership and compliments our shared imaginative and prescient to broaden entry to digital property and cryptocurrencies.”


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