• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Ripple

MoneyGram Goes Bitcoin After Ending Partnership With Ripple – Cryptonews

Admin by Admin
May 12, 2021
in Ripple
0
MoneyGram Goes Bitcoin After Ending Partnership With Ripple – Cryptonews
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

MoneyGram Goes Bitcoin After Ending Partnership With Ripple 101
Source: iStock/yevtony

Major US money transfer company MoneyGram has teamed up with bitcoin (BTC) kiosk business Coinme to facilitate buying and selling this most popular cryptocurrency with cash through a network comprising thousands of new point-of-sale locations in the US and select foreign markets this year.

Related articles

Ripple Recognized as One of America’s Fastest-Growing Private Companies – U.Today

August 16, 2022

Ripple to Power Remittances Between Japan and Thailand via New Partnership – U.Today

August 16, 2022

Alex Holmes, Chairman and CEO of MoneyGram, said in a statement that the alliance “opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency”.

In the second half of 2021, the partnership aims to expand to select markets abroad, according to the statement. The companies estimate there are currently around 20,000 cryptocurrency kiosks in the world which would make their venture a powerful market player. MoneyGram’s focus on cross-border transactions might further boost the partnership’s foothold in foreign markets.

Neil Bergquist, CEO of Coinme, commented that through integrating MoneyGram’s global infrastructure “with our licensed crypto exchange technology, we can enable the purchase and sale of cryptocurrencies across its system using cash.”

The achieved integration between MoneyGram and Coinme “will provide a fast and easy way for customers to purchase bitcoin with cash and withdraw bitcoin holdings in cash. It is specially designed for customers who may be interested in utilizing bitcoin for the first time,” the statement said.

Bergquist told Cryptonews.com that, starting today, Coinme is launching some 12,000 retail locations where customers will be enabled to buy and sell bitcoin with cash at select MoneyGram locations across the US.

“Our full MoneyGram US rollout will feature over 20,000 locations and should be fully operational in the coming weeks. We plan to launch the MoneyGram service internationally soon after,” the CEO said. “Currently, our Coinme-enabled Coinstar kiosks are available in over 6,000 locations throughout 47 states.”

The latest development comes after XRP-affiliated Ripple announced its partnership with MoneyGram ended for now. Under the expired deal, MoneyGram was using the XRP token in international settlement deals. However, as a result of Ripple’s legal woes with the US Securities and Exchange Commission (SEC), the money transfer business is now facing a class-action lawsuit based on an allegation that the company made false and/or misleading statements about its partnership with Ripple and XRP’s legal status.
____
Learn more:
– 40% of Surveyed Individuals Plan to Use Crypto Within a Year – Mastercard
– Bitcoin Dominance In Payments Drops Amid Dogecoin, Altcoins Surge – BitPay

– PayPal’s Venmo Rolls out Crypto Services for Bitcoin, Ethereum and More
– Not Only Bitcoin Price Is Changing During This Bull Run
___
(Updated at 13:33 UTC with a quote from Neil Bergquist, CEO of Coinme.)

Share76Tweet47

Related Posts

Ripple Recognized as One of America’s Fastest-Growing Private Companies – U.Today

by Admin
August 16, 2022
0

Ripple Recognized as One of America's Fastest-Growing Private Companies  U.Today

Ripple to Power Remittances Between Japan and Thailand via New Partnership – U.Today

by Admin
August 16, 2022
0

Ripple to Power Remittances Between Japan and Thailand via New Partnership  U.Today

XRP Price Prediction: No point in trading Ripple until one of these two things happen – FXStreet

by Admin
August 16, 2022
0

XRP Price Prediction: No point in trading Ripple until one of these two things happen  FXStreetRipple Price Analysis: After 2 Months...

Why all eyes are on Ripple’s XRP price this week – FXStreet

by Admin
August 15, 2022
0

Why all eyes are on Ripple’s XRP price this week  FXStreetRipple Price Analysis: After 2 Months of Sideways, Will XRP Finally...

Ripple Ex-Developer’s Remarks About XRP and Bitcoin – The Coin Republic

by Admin
August 15, 2022
0

Ripple Ex-Developer’s Remarks About XRP and Bitcoin  The Coin Republic

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022

Blockchain Use in Supply Chain Leads to Greater Benefits – The National Law Review

August 25, 2021

TA: Ethereum Indicators Suggest ETH at Potentially Significant Turning Point – NewsBTC

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0

TA: Ethereum Indicators Suggest ETH at Potentially Significant Turning Point – NewsBTC

August 17, 2022

Google invested a whopping $1.5B into blockchain companies since September – Cointelegraph

August 16, 2022

Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin – CoinDesk

August 16, 2022

Market Wrap: Bitcoin’s Price Retraces Again, Breaks Below Trendline – CoinDesk

August 16, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack