MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds.
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MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds.
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The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges.
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The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.
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MoneyGram customers in the United States will soon be able to buy Bitcoin in the country’s retail outlets across the country.
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While the partnership between Ripple and MoneyGram has been officially terminated, the two firms have expressed they are open to resuming collaboration in the future.
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Ripple partner MoneyGram is being sued by investors alleging the firm issued misleading statements and failed to disclose XRP’s status as an unlicensed security.
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