MoneyGram will allow users to purchase and withdraw bitcoin from brick-and-mortar locations in the U.S, according to Crypto Potato. The move comes after the money transfer giant partnered with crypto exchange Coinme, deepening further adoption of digital assets.
Coinme users will be able to use cash to buy crypto assets and withdraw it from MoneyGram.
MoneyGram expects partnership with Coinme to open a new customer segment, being the first money transfer to come up with a crypto-to-cash model.
Cryptocurrencies are gaining popularity which has seen prices rise following continued adoption.
Tesla and MicroStrategy have already added bitcoins to their balance sheets while PayPal started allowing crypto payments.
MoneyGram stock is currently declining. MGI: NASDAQ is down 1.08%
