Leading financial services company, MoneyGram successfully launched a new application that allows users to buy or sell their cryptocurrencies.
This update was made so that the company could expand and develop its services into the crypto market globally.
In fact, his company will provide instant access to more than 120 currencies worldwide by making crypto an input and output according to MoneyGram's Chairman and CEO, Alex Holmes.
The string, MoneyGram will expose users to several popular cryptos such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) to allow its users to invest in these assets easily.
It is also understood that investors are allowed to use the service when the company makes P2P* money transfers across American borders in most of the US state and Washington.
*Transaction transactions between two users
Meanwhile, MoneyGram is also actively involved in the crypto market by announcing a crypto-to-cash** solution in June so that its users are always satisfied with their services.
**A fast and safe solution to sell crypto for businesses and private individuals
Explained further, MoneyGram signed an agreement with crypto exchange Coinme last year to provide BTC to customers, while it was mentioned that this new application will be powered by Coinme.
In context, MoneyGram was founded in 1980 and is now ambitious to expand its services into the crypto market after serving more than 10 million customers to offer money transfer services.
