Money transfer services giant MoneyGram will now allow customers to trade and hold some major cryptocurrencies using the company’s mobile app.
The move marks an expansion to MoneyGram’s native crypto support as it previously enabled users to buy and withdraw Bitcoin in the United States.
According to a press release on Tuesday (November 1, 2022). MoneyGram introduced a new feature that will allow customers to buy, sell, and store Bitcoin, Ether, and Litecoin. The company plans to add more crypto assets to its platform in 2023.
This latest development was possible through a partnership with the crypto exchange Coinme. The ability to trade and hold crypto is available to MoneyGram customers in almost all U.S. states and the District of Columbia (DC).
Today’s announcement also expands MoneyGram’s previous Bitcoin support for customers. In May 2021, the company enabled consumers to buy and withdraw BTC in several of its physical outlets across the States.
A statement from MoneyGram
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