P2P payments and money transfer company MoneyGram is expanding its list of payment methods with Ethereum and a number of altcoins.
MoneyGram adds reinforcement for Ethereum, LTC and coins
According to a new announcement, MoneyGram users will now be able to trade with the crypto era, such as Bitcoin and Ethereum. The payment method company has also introduced an in-app investment feature for a number of cryptocurrencies. Customers will now be able to find Bitcoin, Ethereum and Litecoin in the MoneyGram portable app thanks to a new feature. The app also allows users to send money, pay bills and trade cryptocurrencies.
The currently inactive service will be available in all 50 states and the District of Columbia when ready. Users can also add funds to purchase Bitcoin, Ethereum or Litecoin via debit card. MoneyGram is one of the largest financial services companies to fully embrace cryptocurrencies. The latest feature was the last project the business developed regarding cryptocurrencies. MoneyGram Governing Council Leader and CEO Alex Holmes made a statement on the subject:
Cryptocurrencies complement everything MoneyGram does… MoneyGram offers instant access to over 120 different currencies worldwide; we see cryptocurrencies and digital currencies as an additional entry and exit option.
Holmes also emphasized that the business wants customers to invest in emerging cryptocurrencies. He also stated that the company’s portable app will now make it easier for users to invest in cryptocurrencies.
MoneyGram accelerates global adoption of cryptocurrencies
The company formed a subsidiary with Coinme last year to provide BTC to customers through payment points. This new in-app cryptocurrency investment feature for MoneyGram is now also supported by Coinme. MoneyGram has been active on the cryptocurrency scene lately to provide ample options to its customers who are interested in cryptocurrencies. Notably, it announced the launch of its cutting-edge Stellar-based crypto-to-currency offering in June. The payment method company is specifically looking for the most suitable Blockchains for cross-border processes.
MoneyGram has served more than 10 million customers worldwide since its founding in 1980. It still focuses on providing users with easy-to-use money transfer services. MoneyGram’s mission has expanded to include this asset class in light of the growing demand for cryptocurrencies. It’s in the middle cryptotokoin.comMoneyGram and the Stellar Development Foundation have partnered with Techstars to support breakthrough services in blockchain-enhanced cross-border settlements.