MoneyGram enables users to trade cryptocurrencies:
MoneyGram enables which is a Globally well-known company dealing with digital peer-to-peer payments proclaimed on the 1st of November that customers that are located in approximately all the states of the US and the Districts of Columbia are enabled to purchase, sell, and hold cryptocurrency, especially Bitcoin (BTC=16,604$), Ether (ETH=1,236$) and Litecoin ($57.16) using the MoneyGram mobile application.
The MoneyGram enables a company dealing in digital payments proclaimed that they are planning to move towards the expansion of the variety of digital currencies to its application in 2023, as the rules and regulations applicable to the digital currencies allow the expansion.
CEO of MoneyGram Alex Holmes remarked:
As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet that demand and bridge the gap between blockchain and traditional financial services thanks to our global network, leading compliance solutions, and a strong culture of fintech innovation.
The introduction of this innovative and new market initiative related to cryptocurrencies is a small chunk of the huge plan of the company which has the vision to boost the adoption by bringing “real-world cryptocurrency and blockchain use cases to life.” MoneyGram aired that this addition related to crypto to its application was set to the route through its partnership with licensed crypto exchange and API-driven crypto-as-a-service provider, Coinme otherwise it was not possible. Moneygram enables users to trade crypto via mobile application.
In defiance of being in a declining market that has a risky future and has no clarity of its end in sight, some of the well-known companies are willingly investing their money in the foundations that are working to make an expansion into the crypto world. On 25 October, Cointelegraph delivered a report that Western Union pointed to 3 figures that have a working circle of managing crypto wallets, trading items by-products and crypto funds, and allocating passes and insurance benefits.
In October, the mobile app they designed for payment processing named the Cash app provides support for transactions through the Bitcoin Lightning network. The new component allows the Cash App users to send and receive Bitcoin faster, more efficiently, and with ease on a layer-2 protocol.