MoneyGram will add the ability to trade BTC at retail locations in the US – Bits Media

Payment company MoneyGram International will provide customers with the opportunity to buy and sell bitcoins for cash in 20 000 Trading points in the United States as part of a partnership with Coinme.

According to CoinMe CEO NIL BERGKKKVist (Neil Bergquist), MoneyGram plans to add the opportunity Bitcoin trade in 32 American states for the III quarter of this year. Coinme already promotes cash exchange for BTC approximately in 6 000 kiosks, installed in American supermarkets.

Moneygram and Coinme will be levied 4% from customer transactions and more $2.75 As a commission. According to Bergvist, In the retail points of Moneygram, on the basis of Walmart, the commission will be charged $2 more. CEO of MoneyGram Alex Holmes (Alex Holmes) Recently hinted, that the service is under development.

"The possibility of buying cryptocurrencies in MoneyGram offices is a rather interesting direction for the provision of services", - he said during a television conference on profit and losses of the company in early May.

Holmes said, that Moneygram is studying the option of adding support for stablecoins for company customers. Bergkvist noted, that his company "is developing a tool to support other cryptocurrencies", and will release another joint press release with MoneyGram, When the development is completed.

The CEO of MoneyGram called the stabilcoins "superiner" and "dynamic opportunity", Given the volatility of currencies in many markets, eg, Latin America, Africa and Asia.

Until recently, moneygram, Being the main partner of Ripple Labs, received tens of millions of dollars for using XRP for cross -border transactions. Cooperation of firms ended in March after, as a US Securities and Exchange Commission (SEC) I filed a lawsuit against Ripple and accused the company's management of XRP price manipulating.