Benzinga | May 12, 2021 09:01AM EDT

MoneyGram And Coinme To Enable Cash Funding And Payout Of Digital Currency Purchases And Sales

MoneyGram International, Inc. (NASDAQ:MGI), a global leader in cross-border P2P payments and money transfers, and Coinme Inc., the largest licensed cryptocurrency cash exchange in the U.S., today announced the launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales. The partnership, which utilizes MoneyGram's modern, mobile and API-driven payments platform and Coinme's proprietary cryptocurrency exchange and custody technology, will bring bitcoin to thousands of new point-of-sale locations in the U.S., with plans to expand to select international markets in the second half of 2021.