On the road to adoption – Despite the current harsh crypto winter, the small world of digital assets keep on integrate into the traditional economy, less and less gently, but more and more surely. This time it’s the remittance giant MoneyGram who adopts Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
Cryptocurrencies that are becoming more democratic around the world
The society MoneyGram Internationallisted on NASDAQ (MGI share), is a giant with 150 million users. The company specializes in digital funds transfers, especially cross-border.
On November 1, 2022, MoneyGram announced by press release the launch of a new department on its mobile app. This will allow its users “to buy, sell and hold” cryptocurrencies.
This new feature, open to residents of United Statesinitially concerned the exchanges of bitcoinsofethers and of litecoins.
“Cryptocurrencies are in addition to everything we do at MoneyGram. From dollars to euros to yen, MoneyGram provides instant access to over 120 currencies worldwide. And we see cryptocurrencies (…) as another entry and exit option. »
Alex Holmes, President and CEO of MoneyGram
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MoneyGram: “accelerating” interest in Bitcoin and Co.
BTC, ETH and LTC actually join another crypto-asset already adopted by MoneyGram. Indeed, as of last June, his association with the Stellar blockchain project (XLM) allowed the arrival of theUSDC in its remittance network.
This US dollar stablecoin, offered by Circle, is already available in a dozen countries. Whether for Bitcoin, Ethereum, Litecoin today, or for USDC previously, MoneyGram has appealed to the crypto exchange platform Coinme to supply its customers.
“As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet this demand and bridge the gap between blockchain and traditional financial services. This is done through our global network, industry-leading compliance solutions and strong culture of FinTech innovation. We are excited for this next one [crypto-]chapter of our adventure. »
Alex Holmes
The (soon to be old?) tenors of digital payments, such as MoneyGram, are well aware incredible evolution what Bitcoin and cryptos bring. Some, after having fought it, now want to share this opportunity. For example, the bank card giant Visa is increasingly involved in the cryptosphere.
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