MoneyGram, Global Digital Payments (P2P) Company announceAs of Nov. 1, users in almost all US states and the District of Columbia can buy, sell and hold cryptocurrencies, particularly Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), through the MoneyGram mobile app.
The digital payments company said it plans to add more in-app digital currencies in 2023, as global regulations allow.
Alex Holmes, President and CEO of MoneyGram said:
“As consumer interest in cryptocurrencies continues to grow, We are uniquely positioned to meet this demand and bridge the gap between blockchain and traditional financial services with our global network. with leading compliance solutions and a strong culture of fintech innovation.”
The launch of this project is part of the company’s vision to increase adoption by leading “Cryptocurrency and blockchain use cases come to life”, with Moneygram sharing that adding crypto to the app is made possible through partnerships with licensed crypto exchanges and service providers. crypto-as-aa-service powered by API
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