.MoneyGram is pushing deeper into crypto
a new cryptocurrency service that allows customers to buy and sell Bitcoin , Litecoin , and Ethereum on the company’s mobile app. While the list of available cryptocurrencies is rather meager so far, MoneyGram intends to extend it in the near future. It will seek regulatory approval before adding new cryptocurrencies. says that cryptocurrencies are “additive” to everything that the company is doing.
After severing ties with Ripple, MoneyGram continued its cryptocurrency journey. Last May, MoneyGram made it possible to buy and sell Bitcoin across its expansive retail network. In January, MoneyGram took a 4% stake in Coinme. In June, MoneyGram launched a crypto-to-cash service on the Stellar Network, one of the key Ripple rivals. According to a Bloomberg report published in July, Stellar Development Foundation was also eyeing a potential acquisition of the 81-year-old remittance company.
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