Moneygram Invests in Bitcoin ATMs Company
Moneygram, one of the largest remittance companies in the world, decided to conclude its investment in Coinme, a crypto exchange and Bitcoin ATM operator in the USA. Moneygram bought 4 % of the company, highlighting that cryptocurrencies are the field with the most expectations in the finance world.
In parallel, Moneygram want to enter the crypto field, pushing its strategy and accessing new markets with its investment. We should remind you that it had already invested in 2 companies in May 2021, adding value to its business model.
Coinme became known through its partnership with Coinstar, which has many Coinstar Kiosks with physical presence, with instant transfers between fiat currencies and cryptos.