[Blockchain Today Reporter Ji-eun Lee] US MoneyGram customers will soon be able to purchase Bitcoin at retail stores across the US.
According to Cointelegraph reports on the 12th, MoneyGram has entered into a partnership with cryptocurrency exchange and BTC ATM operator CoinmeInc. to enable US customers to withdraw their cash reserves from their country’s point-of-sale (POS) outlets. (Local time) announced.
According to the announcement, MoneyGram customers will be able to purchase BTC and cryptocurrencies by expanding the existing crypto-cash model developed through nearly 20,000 cryptocurrency ATMs around the world.
MoneyGram CEO Alex Holmes commented on the development: “This innovative partnership is the first time Coinme pioneered the cash model in cryptocurrency by linking Bitcoin to local fiat currency, creating a whole new customer segment. We open up the business for us.
In the case of Moneygram, the ability to buy bitcoins at offline retail stores is interconnected with online cryptocurrency exchanges, which could be a significant advancement for users who are new to cryptocurrency. In addition, this announcement is expected to be another indicator of the possibility of an integrated remittance permit system, especially cryptocurrency.
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