MoneyGram Debuts Crypto Purchases on Mobile App

Purchases will be enabled through MoneyGram's existing partnership with crypto exchange Coinme.

By Michael Bellusci

Nov 1, 2022 at 3:05 p.m. UTC

Updated Nov 1, 2022 at 4:10 p.m. UTC

CDCROP: MoneyGram Introduces New Crypto Service (MoneyGram) — MoneyGram's mobile app (MoneyGram)

Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Follow @mikeybellusci on Twitter

Payments firm MoneyGram (MGI) has added a service to its mobile app allowing nearly all U.S. customers to buy, sell and hold bitcoin (BTC), ether (ETH) and litecoin (LTC). The company expects to expand those cryptocurrency selections over the coming year, pending global regulation.

The new functionality is being enabled by crypto exchange Coinme, in which MoneyGram made a strategic minority investment earlier this year. That investment followed MoneyGram's move with Coinme last year to allow customers to buy and sell bitcoin for cash at 12,000 U.S. retail locations.

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