Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Former HSBC FX trader to seek dismissal of wire fraud charges forex news
  • SIX welcomes Global X as new ETF issuer forex news
  • StanChart completes first USD SOFR-based Trade Loan in Hong Kong forex news
  • CFTC, former HSBC exec clash over depositions of traders forex news
  • DNB: The climate impact per bitcoin transaction is rising forex news
  • Court gives Citi, former head of FX trading desk two months to complete discovery forex news
  • Max Global FX Review: just another unregulated forex broker forex news
  • CFTC orders Kraken to pay $1.25M fine for illegal digital asset trading forex news

MoneyGram completes strategic minority investment in Coinme

Posted on 2022-01-06 By admin No Comments on MoneyGram completes strategic minority investment in Coinme

MoneyGram International, Inc. (NASDAQ:MGI) today announced that it has completed a strategic minority investment in cryptocurrency cash exchange Coinme. This venture, which gives MoneyGram an approximate 4% ownership stake in Coinme, closes out Coinme’s Series A financing round.

“At MoneyGram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate as a compliant bridge to connect digital assets to local fiat currency. Our investment in Coinme further strengthens our partnership and compliments our shared vision to expand access to digital assets and cryptocurrencies,” said Alex Holmes, MoneyGram Chairman and CEO.

“Our unique cash-to-bitcoin offering with Coinme, announced in May of 2021, opened our business to an entirely new customer segment, and we couldn’t be more pleased with our progress. As we accelerate our innovation efforts, partnerships with startups like Coinme will further our position as the industry leader in the utilization of blockchain and similar technologies.”

MoneyGram announced its original partnership with Coinme in May 2021 to create a crypto-to-cash model by building a bridge to connect bitcoin to local fiat currency. The partnership further expanded access to bitcoin by creating thousands of new point-of-sale locations to buy and sell bitcoin. MoneyGram and Coinme have additional initiatives in the pipeline that are expected to continue to increase the value of the partnership.

“We see this as an incredible opportunity to continue our strong growth and build on our leading presence in the world of crypto,” said Neil Bergquist, Coinme CEO. “With MoneyGram’s global network and infrastructure, both the Company’s continued partnership and strategic investment will help us accelerate our growth and international expansion.”

Coinme was founded in 2014 and currently operates in 48 states with plans to expand internationally in the near future.

Holmes concluded: “We are thrilled to expand our relationship with Coinme, and this strategic investment will further support our growth strategy with strong financial upside.”

forex news Tags:forex-news

Post navigation

Previous Post: Saxo Bank equity trading volumes soar in December, as FX wanes
Next Post: AEGIS Hedging acquires Emission Advisors

Related Posts

  • SmartStream partners with Acadia on automating collateral interest payments forex news
  • Cboe enhances Order Manager and Order History in Silexx platform forex news
  • TradeStation adds Micro Treasury Yield futures from CME to offering forex news
  • Interactive Brokers expands range of funds and fund families forex news
  • SEC announces $25.6M distribution to Robinhood investors forex news
  • IHS Markit registers 10% rise in fin services revenues in Q3 2021 forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Interactive Brokers registers steep rise in DARTs in Oct 2021 forex news
  • Former Deutsche Bank traders to appeal from prison sentences forex news
  • Press release war erupts between competing Finalto/Markets.com bidders forex news
  • ICE Benchmark Administration launches USD SOFR ICE Swap Rate forex news
  • FCA outlines its expectations of firms undertaking trade finance activity forex news
  • HK watchdog takes disciplinary action against 33 Financial Services Limited forex news
  • SEC approves distribution plan for $65M Robinhood penalty forex news
  • Binary Options fraud leads to 15 arrests in Germany-Israel police action forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme