2 years ago
Cash transportation institution MoneyGram International (MGI) has made a strategical number concern successful cryptocurrency currency speech institution Coinme, giving it a 4% ownership stake, MoneyGram announced successful press release Wednesday.
In May, MoneyGram said it would allow customers to bargain and merchantability bitcoin for cash astatine 12,000 U.S. retail locations done a concern with Coinme. The 2 companies person further initiatives planned to boost the worth of their pact, according to Wednesday’s release.
The woody volition adjacent Coinme’s Series A backing round, and assistance enactment planetary enlargement on with different maturation plans.
“We spot this arsenic an unthinkable accidental to proceed our beardown maturation and physique connected our starring beingness successful the satellite of crypto,” said Neil Bergquist, Coinme’s CEO, successful a statement.
“At MoneyGram, we proceed to beryllium bullish connected the immense opportunities that beryllium successful the ever-growing satellite of cryptocurrency and our quality to run arsenic a compliant span to link integer assets to section fiat currency,” said Alex Holmes, CEO of MoneyGram, successful a statement. “Our concern successful Coinme further strengthens our concern and complements our shared imaginativeness to grow entree to integer assets and cryptocurrencies.”
Michael Bellusci is CoinDesk's crypto payments reporter.
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