MoneyGram Added Crypto Trading Tools To Its Mobile App

MoneyGram, a global leader in the evolution of digital peer-to-pay (P2P) payments, has added crypto investing options to its mobile app as other fintech firms expand their offerings in the area. Users may now purchase, trade, and hold Bitcoin, Ether, and Litecoin across most U.S. states, according to the business.

The move follows the company’s past efforts into crypto, which recently teamed with Stellar to facilitate payment settlements and local currency disbursements using USDC. It also has a minority ownership in Coinme, a cryptocurrency exchange and crypto infrastructure provider that offers crypto trading tools.

Alex Holmes, MoneyGram Chairman and CEO, stated in a press release:

“As a next step in the evolution of MoneyGram, we’re thrilled to provide our customers with access to a trusted and easy-to-use platform to securely buy, sell and hold select cryptocurrencies.”

MoneyGram stated that it plans to increase its selection of tradable currencies as regulations allow.

It dissolved cooperation with distributed ledger firm Ripple in March of last year due to its continuing legal battle with the Securities and Exchange Commission.

With only three coins featured, the new service pales in contrast to crypto trading capabilities provided by other fintech businesses such as Robinhood, Revolut, and N26, all of which have attempted to develop crypto trading tools in recent months.

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