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MoneyGram Enabling BTC ETH and LTC Trading (Patreon)

Published:
2022-11-03 03:32:19
Imported:
2023-01

Content

Bitcoin has been resilient today - now only $50 under where it started the day at $20332 from $20,377. 

This news I believe is a solid domino.  Moneygram is a billion-dollar tradfi company that has supported over 150 million customers over the last 5 years.  Solid on-ramp for those who transfer value thru remittances. 

MoneyGram (NASDAQ:MGI) customers in nearly all U.S. states and the District of Columbia will be able to buy, sell, and hold any of three cryptocurrencies through the company's mobile app. Will potentially add more crypto next year. 

The launch builds upon the company's partnership with Coinme (they bought a piece of them last year), a licensed cryptocurrency exchange and API-driven crypto-as-a-service provider. 

The multi-million dollar question is will Western Union follow suit?  



Files

Moneygram Enables Customers to Buy and Sell Cryptocurrency via Its Money Transfer App

Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum. Moneygram International Inc. (Nasdaq: MGI) announced the launch of a new cryptocurrency service Tuesday.

Comments

Anonymous

What the hell is LTC about, how is that still a thing?

Anonymous

@investanswers James on DCA today you said this was big news, but I don’t understand why. The whole point of Bitcoin is to NOT use companies like MoneyGram/ Western Union in the first place. You send BTC from your wallet to another wallet, why include Money Gram just for them to take a cut?

Anonymous
>>94985421

Because not everyone in the world has access to a bank account. MoneyGram is an on ramp to send money to people. MoneyGram will get their cut while they can now because some people don't understand crypto, so they will play on people's ignorance/naivety.