Serey is utilizing Blockchain technology

Moneygram will allow cryptocurrency transactions



One of the largest international money transfer services MoneyGram will allow buying and cashing out cryptocurrency in its branches in the United States. To do this, the company has signed a partnership agreement with cryptocurrency exchange platform and crypto machine operator Coinme. According to MoneyGram CEO Alex Holmes, the company was the first in the world to implement a model for converting cryptocurrency into cash.

MoneyGram had already partnered with blockchain company Ripple in 2018 to use the XRP token in cross-border payments. However, their partnership was cut short late last year after the U.S. Securities and Exchange Commission (SEC) accused Ripple of selling $1.3 billion in unregistered securities in the form of XRP tokens.
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