MoneyGram launches cryptocurrency buying and selling feature in mobile app

Cross-border payments giant MoneyGram has announced a new service enabling consumers to buy, sell and hold Bitcoin, Ethereum and Litecoin through the MoneyGram mobile app. The service is made possible by MoneyGram through its partnership with Coinme, which has also partnered since 2021 to allow consumers to buy and sell bitcoin with cash at thousands of retail locations across the United States. MoneyGram said it expects to expand cryptocurrency options as global regulations allow, as the company explores expansion into other markets in 2023.