MoneyGram has partially invested in Crypto ATM provider Coinme following Series A funding round.saidIt bought about 4% of Coinme, which is likely worth over $764,000 considering its $19.1 million in June. as part of strategic investments in crypto companies
The investment follows a May 2021 partnership between the two companies. with the goal of expanding the reach of crypto-fiat exchanges.
“We continue to believe in the many opportunities that exist in the ever-growing world of cryptocurrencies and our ability to bridge digital assets with local fiat currencies,” said MoneyGram CEO Alex Holmes. “Our investment in Coinme will strengthen our partnership. with a shared vision of expanding access to digital assets and cryptocurrencies.”
Coinme’s website reports that there are currently over 23,000 ATMs in the United States.
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