Showing 1 Result(s)

MoneyGram buys minority stake in crypto company Coinme

MoneyGram, the publicly traded money transfer company, has completed a strategic minority investment in Coinme, a cryptocurrency cash exchange in the US, the company announced today. The investment gives MoneyGram a 4% ownership stake in Coinme and closes out the exchange’s Series A financing round. The investment builds on a previous partnership between MoneyGram and Coinme in May 2021, as previously covered by The Block. The original partnership was created to push a crypto-to-cash model by connecting bitcoin to fiat …