Fun

Moneygram Invests in Crypto ATM Operator — CEO Bullish on Opportunities Crypto Offers

News Feed - 2022-01-06 02:01:45

Moneygram Invests in Crypto ATM Operator — CEO Bullish on Opportunities Crypto Offers


Moneygram has completed an investment in cryptocurrency ATM operator Coinme. “At Moneygram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency,” said the CEO. Moneygram Invests in Crypto Company Coinme


Moneygram International Inc. (NASDAQ: MGI) announced Wednesday that the company “has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S.” This venture gives Moneygram an approximate 4% ownership stake in Coinme.


Alex Holmes, Moneygram chairman and CEO, commented: At Moneygram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate as a compliant bridge to connect digital assets to local fiat currency.


The investment by Moneygram will support Coinme’s international expansion plans and other growth initiatives.


Founded in 2014, Coinme currently operates in 48 states with plans to expand internationally in the near future. Coinme has partnered with Coinstar, a popular automated service for those who want to turn their fiat coins into paper cash, to enable bitcoin purchase at over 21,000 Coinstar kiosks. Moneygram serves nearly 150 million people around the world over the last five years.


Moneygram and Coinme share a “vision to expand access to digital assets and cryptocurrencies,” the announcement details.


The Moneygram CEO added: As we accelerate our innovation efforts, partnerships with startups like Coinme will further our position as the industry leader in the utilization of blockchain and similar technologies.


“Our unique cash-to-bitcoin offering with Coinme, announced in May of 2021, opened our business to an entirely new customer segment, and we couldn’t be more pleased with our progress,” he continued.


Moneygram announced in May that the two companies plan “to create a crypto-to-cash model by building a bridge to connect bitcoin to local fiat currency.” The partnership allows Moneygram to let customers buy and sell bitcoin at 12,000 locations. Tags in this story buy Bitcoin at MoneyGram, buy crypto, buy cryptocurrency, coinme, Coinme Bitcoin, Coinme Cryptocurrency, MoneyGram, moneygram bitcoin, MoneyGram Coinme, moneygram crypto, moneygram cryptocurrency, moneygram partnership


What do you think about Moneygram taking a 4% stake in Coinme? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Leading NFT Marketplace Opensea Raises $300 Million, Firm"s Post-Money Valuation Taps $13.3 Billion FINANCE | 18 hours ago Sberbank Launches First Blockchain ETF in Russia FINANCE | 4 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEl Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC Next articleCoinbase Shares Predictions on Future of Ethereum Scalability, Metaverse, Defi, NFTs Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItEthereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed


With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, ... read more.Mexico"s Third Richest Billionaire"s Advice: Invest in Bitcoin, Stay Away From Dollars, Euros This Year"s Top 10 Crypto Asset Gainers Outshined BTC"s and ETH"s 12-Month Returns Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs Institutions to Have Stake in the Success of ADA’ India"s Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency

News Feed

Zhiyuan Sun8 hours agoCrypto VC funding falls to 3-year lows as market rout continuesVenture capitalists are doing fewer deals, and the average deal size is getting much smaller, according to researchers.3363 Total views
Bitcoin Mining Rig Prices up 35% Since Start of November — Shortages Force Miners to Turn to Secondary Market
Bitcoin Mining Rig Prices up 35% Since Start of November — Shortages Force Miners to Turn to Secondary Market The prices of the latest generation mining rigs h
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FT
Dogecoin (DOGE) open interest tops $1.4B — Is it time for memecoins to correct?
Marcel Pechman2 hours agoDogecoin (DOGE) open interest tops $1.4B — Is it time for memecoins to correct?DOGE rallied 95% in a week, but analysts signal that the bull run is only starting.2656 Total views32 Total shares
Altcoins signal buy after taking it ‘on the chin’ since March
Ciaran Lyons2 hours agoAltcoins signal buy after taking it ‘on the chin’ since MarchThe altcoin crypto market may present “some opportunities” for investors after “taking it on the chin” the last four months.
Spanish Treasury Releases Guidelines to Minimize the Risk of Tax Evasion With Cryptocurrencies
Spanish Treasury Releases Guidelines to Minimize the Risk of Tax Evasion With Cryptocurrencies The State Agency for Tax Administration of Spain published guideli
Biggie Smalls NFT Collection Sells Out in 10 Minutes, Owners Get Licensing Rights to Unreleased Freestyle
Biggie Smalls NFT Collection Sells Out in 10 Minutes, Owners Get Licensing Rights to Unreleased Freestyle On Tuesday, the Christopher Wallace Estate, managers of the Notorious B.I.
Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data
Economist David Rosenberg Warns of "Crash Landing" and Recession, Citing Fed Data Famed economist David Rosenberg has warned of a “crash landing” and an impending reces
How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations
Lebanon is far from a poster child for cryptocurrency adoption. News of Lebanese banks shuttering to prevent a bank run was met with predictable enthusiasm from the global bitcoin c
Ex-Real Madrid Football Player Joins a Spanish Lower Division Club in Deal Financed With Crypto
Ex-Real Madrid Football Player Joins a Spanish Lower Division Club in Deal Financed With Crypto In a possible first for Spanish football, DUX Internacional de Ma
Online Data Analysis Points to Venezuela Accepting BTC for Passports
Online Data Analysis Points to Venezuela Accepting BTC for PassportsDuring the last week, a number of bitcoiners have been discussing Venezuela’s Administrative Service for Id
Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner
Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner The bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Col