MoneyGram, a global leader in digital P2P payments, has announced the launch of a new service that allows its customers in the U.S. to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) through its mobile app. The introduction of this service marks another step by MoneyGram in bringing real-world cryptocurrency and blockchain use cases to life.

This latest offering adds to MoneyGram’s existing lineup of crypto-related services, such as on/off-ramp services for digital wallets through partnerships with Coinme, Stellar, and G-Coin, as well as cross-border settlement using Circle’s USD Coin (USDC). The company aims to pioneer cross-border payment innovation and blockchain-enabled settlement.

According to Alex Holmes, MoneyGram’s Chairman and CEO, cryptocurrencies are seen as another input and output option for the company. MoneyGram already provides instant access to over 120 currencies globally, and this new crypto service is part of the company’s strategy to enhance consumer financial services and meet the growing demand for digital currencies.

The ability to buy, sell, and hold crypto through the MoneyGram app is made possible through the company’s partnership with Coinme, a licensed crypto exchange and API-driven crypto-as-a-service provider. Since 2021, MoneyGram and Coinme have collaborated to create thousands of new locations in the U.S. for consumers to buy and sell Bitcoin with cash.

MoneyGram plans to expand its selection of crypto coins in the future as it explores expansion into other markets in 2023, depending on global regulations.

For more information, please visit the MoneyGram website.