The world leader in the evolution of P2P digital payments is entering a new stage of its development. On Tuesday evening, the company announced the launch of a crypto service that will undoubtedly delight consumers. Now they will be able to buy, sell and trade assets through the MoneyGram app.
MoneyGram immerses itself in the crypto universe
MoneyGram is known around the world for its P2P digital payment services. But as the world evolves exponentially, society is following suit and launching a new department dedicated to cryptocurrencies. On November 1, the payments company announced that its users can now buy, sell, and trade digital assets through the MoneyGram app.
Among others, bitcoin (BTC), ether (ETH) and Litecoin (LTC). Through numerous partnerships with G-Coin, Stellar, Coinme, and Circle, MoneyGram is pioneering blockchain-based cross-border payments and settlement. Cryptos are increasingly taking a prominent place in the global economy.
As a result, Alex Holmes, CEO of MoneyGram states that “Cryptocurrencies are in addition to everything we do at MoneyGram. From dollars to euros to yen and more, MoneyGram allows instant access to over 120 currencies worldwide, and we consider cryptocurrencies and digital currencies as another entry and exit option. “.
He adds that the company can now meet the growing need of consumers. Thanks to the Fintech culture of innovation, it is now bridging the gap between blockchain and traditional financial services. However, this service is only available in US states as well as the District of Columbia. However, the company is committed to developing its growth in order to extend its services to all its customers regardless of their geographical area.
According to Holmes, the company aims to provide innovative financial solutions that connect communities around the world. As such, today’s announcement is part of its strategy to best serve a growing sector. The list of crypto assets is also expected to expand so MoneyGram can explore other markets in 2023.
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