MoneyGram Takes 4% Stake in Coinme, Building on Existing Partnership

MoneyGram Takes 4% Stake in Coinme, Building on Existing Partnership

Jan 14, 2022

Cash transfer company MoneyGram International (MGI) has made a strategic minority investment in crypto-cash exchange firm Coinme, giving it a 4% ownership stake. Last May, MoneyGram allowed bitcoin buying and selling for cash at 12,000 U.S. retail locations through a partnership with Coinme. MoneyGram CEO Alexander Holmes and Coinme CEO Neil Bergquist share insights into the deal and what this means for their business operations, international expansion, and global crypto adoption.

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