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MoneyGram, Coinme Team Up to Enable Bitcoin Trading With Cash

05/12/2021 06:21

10:09 AM EDT, 05/12/2021 (MT Newswires) -- MoneyGram (MGI) said Wednesday it has entered into a collaboration with bitcoin kiosk operator Coinme to enable bitcoin trading with cash through participating MoneyGram retail locations.

Under the collaboration, cash purchases and sales of bitcoin will be made using MoneyGram's payments platform and Coinme's proprietary cryptocurrency exchange and custody technology.

The companies are planning to expand to select international markets in the second half of 2021, according to the statement.

MoneyGram's shares were down 0.4% in recent trading Wednesday.

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