Customers in the United States will now be able to exchange and store three of the most well-liked cryptocurrencies for online gaming, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), utilizing a new service from MoneyGram International, Inc.
MoneyGram intends to grow into more areas and increase the number of cryptocurrencies that are available to consumers as soon as international legislation let it.
Customers of Moneygram will have access to the service in almost all states in the USA.
Through a number of collaborations and projects, the company has been working for several years to create use cases for blockchain and cryptocurrency participation in real life for an increasing number of clients.
A cross-border settlement system employing Circle's USD Coin and agreements with Stellar, G-Coin, and Coinme were some of the initial offerings (USDC). Customers may now use the company's app to buy, sell, and hold cryptocurrencies in a ground-breaking move toward blockchain-enabled settlement.
Cryptocurrencies are an addition to everything we do, according to MoneyGram.
The chairman and CEO of MoneyGram, Alex Holmes, stated: "Cryptocurrencies are complementary to everything we do. MoneyGram offers fast access to over 120 different currencies worldwide, including dollars, euros, yen, and more. We view cryptocurrencies and digital currencies as an additional input and output option.
As the next phase in MoneyGram's development, Holmes stated, "We're happy to give our consumers access to a trusted and user-friendly platform to safely purchase, sell, and keep chosen cryptocurrencies."
MoneyGram's objective, according to a press release from the business, is to unite communities around the world by providing cutting-edge financial solutions. With the most current implementation of that plan, it continues to serve a customer base of tens of millions of people, according to today's news.
The company continues to improve upon its prior core offerings while investing in new technologies and prospects as a growth strategy and a way to improve financial services globally.
closing the gap "between blockchain and conventional financial services"
Holmes stated, "As consumer interest in digital currencies grows, we are well positioned to meet that demand and close the gap between blockchain and traditional financial services because of our worldwide network, industry-leading compliance solutions, and vibrant fintech innovation culture. We are eager to begin this next phase of our journey.
By opening hundreds of sites across America where people can buy and sell cryptocurrencies for cash, MoneyGram has been collaborating with Coinme to increase customers' access to cryptocurrencies.
The approved cryptocurrency exchange and API-driven crypto-as-a-service provider Coinme is what enables the MoneyGram crypto app.