MoneyGram, a publicly traded peer-to-pay payment company, has launched its mobile app as other fintech firms strengthen their services in the industry. cryptocurrency and altcoin added investment tools.
MoneyGram Provides Support for Litecoin Altcoin Alongside Bitcoin and Ethereum
In a statement from the company, with the application available in most of the US states today, users can now Bitcoin, Ethereum and Litecoin that they can buy, sell and store.
This move comes after previous attempts at crypto by the company, which recently partnered with the Stellar altcoin to enable payment transactions and local currency payments using USDC.
The company also has a small stake in Coinme, a crypto cash exchange and crypto infrastructure provider that provides crypto trading tools.
Company CEO Alex Holmes said in his statement on the subject:
“Cryptocurrencies contribute to everything we do at MoneyGram. MoneyGram provides instant access to over 120 currencies worldwide, from dollars to euros and yen, and we see crypto and digital currencies as another option.”
The company’s previous attempts at crypto haven’t always produced the results it wanted. The company ended its partnership with blockchain company Ripple in March last year due to its ongoing legal battle with the Securities and Exchange Commission (SEC).
With only three coins listed, the new service pales in comparison to crypto trading tools offered by other fintech firms like Robinhood, Revolut, and N26.
*Not investment advice.
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