Last updated on November 26th, 2022 at 04:25 pm
MoneyGram (MGI) has added a service to its mobile app that allows nearly all US customers to buy, sell, and hold bitcoin (BTC), ether (ETH), and litecoin (LTC) (LTC). Depending on global regulation, the company expects to expand its cryptocurrency offerings in the coming year.
The ability to buy, sell and hold crypto using the MoneyGram app is made possible through the Company’s existing partnership with Coinme, a licensed crypto exchange and API-driven crypto-as-a-service provider. Together, since 2021, MoneyGram and Coinme have partnered to expand access to crypto by creating thousands of new locations in the U.S. for consumers to buy and sell bitcoin with cash.
What is MoneyGram ?
MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, delivers innovative financial solutions to connect the world’s communities. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve over 150 million people in the last five years.
The Company leverages its modern, mobile, and API-driven platform and collaborates with the world’s top brands to serve consumers through its direct-to-consumer digital channel, global retail network, and embedded finance business for enterprise customers. MoneyGram is also a leader in pioneering cross-border payment innovation and blockchain-enabled settlement. For more information, please visit ir.moneygram.com,
How to Buy Cryptocurrency with MoneyGram App
Enter the Exciting World of Cryptocurrency with MoneyGram
MoneyGram app is an easier way to buy and sell cryptocurrency. With more than 80 years of experience in the financial world, you can rest easy knowing we’ll work to protect your information.
You can buy, sell or store crypto through the MoneyGram app in all U.S. states (except Hawaii, Idaho and New York), the District of Columbia.
You can start transacting by downloading the MoneyGram app (on iOS or Android). You will be prompted to register as a user before you can begin buying and selling crypto. you can use a debit card to add funds which will then allow you to purchase Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC).
What information may be required from me by MoneyGram?
There are some key pieces of information that MoneyGram may require before you can start buying or selling crypto. These include but are not limited to:
- Legal First and Last Name
- Social Security Number
- Source of Funds
- ID (Driver’s License, State ID, Passport)
- Mobile Phone Number
- Email Address
You may purchase or sell Digital Assets using one of the following payment methods: (a) debit card; or (b) any other payment method accepted by MoneyGram (each of (a) and (b), a “Payment Method”). If the Payment Method you designate cannot be verified, is invalid or is otherwise not acceptable, your purchase may be suspended or canceled automatically.
You agree to resolve any problems we encounter in order to proceed with your purchase. You agree to keep a valid Payment Method and it is your responsibility to make sure it is updated for any purchase or sale of Digital Assets. If your Payment Method fails on any Digital Asset sale, we will notify you and provide assistance to complete the transaction.
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