Payments

MoneyGram invests in crypto kiosk operator Coinme

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January 6, 2022

MoneyGram International has made a minority investment in Coinme, a cryptocurrency cash exchange in the U.S. that offers point-of-sale kiosk cryptocurrency services in partnership with Coinstar, according to a press release.

The venture gives MoneyGram International an approximate 4% ownership stake in Coinme.

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 expanded access to bitcoin by creating thousands of new point-of-sale locations to buy and sell bitcoin.