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Moneygram Announces Minority Investment In Coinme, The Largest Licensed Cryptocurrency Cash Exchange In The U.S.

Jan 05, 2022•over 3 years ago
Dallas

Description

MoneyGram International, Inc. (NASDAQ: MGI) today announced that the Company has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme's Series A financing round and provides MoneyGram with a direct ownership position in one of the first and fastest growing cryptocurrency companies in the world.

Company Information

Company

Coinme

Location

Dallas, Georgia, United States

About

Coinme operates a leading licensed cryptocurrency cash exchange in the U.S., founded in 2014 with a mission to be the world's most trusted gateway to digital currencies and a better financial future. Through partnerships with Coinstar and MoneyGram, Coinme enables thousands of physical locations in 48 states to facilitate the cash purchase and sale of bitcoin. The company offers an enterprise-grade API helping to "crypto-enable" legacy financial systems and a vertically integrated suite of consumer products providing a simple, trusted and affordable way to buy, sell, store and manage digital currencies. For more information, visit www.coinme.com.