Home Cryptocurrency News MoneyGram Proclaims Minority Funding in Coinme, the Largest Licensed Cryptocurrency Money Alternate within the U.S.

MoneyGram Proclaims Minority Funding in Coinme, the Largest Licensed Cryptocurrency Money Alternate within the U.S.

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“At MoneyGram, we proceed to be bullish on the huge alternatives that exist within the ever-growing world of cryptocurrency and our capacity to function as a compliant bridge to attach digital property to native fiat foreign money. Our funding in Coinme additional strengthens our partnership and compliments our shared imaginative and prescient to increase entry to digital property and cryptocurrencies,” mentioned Alex Holmes, MoneyGram Chairman and CEO. “Our distinctive cash-to-bitcoin providing with Coinme, introduced in Might of 2021, opened our enterprise to a wholly new buyer phase, and we could not be extra happy with our progress. As we speed up our innovation efforts, partnerships with startups like Coinme will additional our place because the trade chief within the utilization of blockchain and related applied sciences.”

MoneyGram announced its authentic partnership with Coinme in Might 2021 to create a crypto-to-cash mannequin by constructing a bridge to attach bitcoin to native fiat foreign money. The partnership additional expanded entry to bitcoin by creating 1000’s of latest point-of-sale places to purchase and promote bitcoin. MoneyGram and Coinme have further initiatives within the pipeline which might be anticipated to proceed to extend the worth of the partnership.

“We see this as an unimaginable alternative to proceed our robust development and construct on our main presence on the planet of crypto,” mentioned Neil Bergquist, Coinme CEO. “With MoneyGram’s international community and infrastructure, each the Firm’s continued partnership and strategic funding will assist us speed up our development and worldwide growth.”

Coinme was based in 2014 and at present operates in 48 states with plans to increase internationally within the close to future. In November of 2021, Coinme was chosen as a Deloitte Technology Fast 500 winner and named the 78th quickest rising expertise firm in North America.

Holmes concluded: “We’re thrilled to increase our relationship with Coinme, and this strategic funding will additional assist our development technique with robust monetary upside.”

About MoneyGram Worldwide, Inc.
MoneyGram is main the evolution of digital P2P funds. With a purpose-driven technique to mobilize the motion of cash, a robust tradition of fintech innovation, and main customer-centric capabilities, MoneyGram has grown to serve practically 150 million folks around the globe over the past 5 years.

The Firm leverages its fashionable, cell, and API-driven platform and collaborates with the world’s main manufacturers to serve shoppers by MoneyGram On-line (MGO), its direct-to-consumer digital enterprise, its international retail community and its rising embedded finance enterprise for enterprise clients, MoneyGram as a Service.

For extra data, please go to ir.moneygram.com and comply with @MoneyGram.

About Coinme Inc.
Coinme operates a number one licensed cryptocurrency money alternate within the U.S., based in 2014 with a mission to be the world’s most trusted gateway to digital currencies and a greater monetary future. By way of partnerships with Coinstar and MoneyGram, Coinme allows 1000’s of bodily places in 48 states to facilitate the money buy and sale of bitcoin. The corporate affords an enterprise-grade API serving to to “crypto-enable” legacy monetary methods and a vertically built-in suite of shopper merchandise offering a easy, trusted and inexpensive manner to purchase, promote, retailer and handle digital currencies. For extra data, go to www.coinme.com.

MoneyGram Media Contact
Sydney Schoolfield
[email protected]

Coinme Media Contact
Micah Gibson
[email protected]

SOURCE MoneyGram


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