New! Now Trade Bitcoin, Ethereum, and Litecoin on Our Platform
The company has announced that users in selected regions can now trade and store Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
This is a huge step forward for cryptocurrency adoption, as one of the largest global money transfer companies has now added support for buying, selling, and holding Bitcoin, Ethereum, and Litecoin. This will make it much easier for people to use cryptocurrency for everyday transactions, and could lead to more widespread adoption of digital currencies.
As digital currencies continue to gain popularity and acceptance around the world, we can expect to see more and more companies add them to their platforms. This is great news for those of us who are proponents of digital currencies, as it helps to legitimize them and make them more mainstream.
Looking to the future, Alex Holmes, Chairman and CEO of MoneyGram, stated that the company is focused on continuing to provide innovative payment solutions that meet the ever-changing needs of consumers around the world.
"As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet that demand and bridge the gap between blockchain and traditional financial services thanks to our global network, leading compliance solutions, and strong culture of fintech innovation."
The rollout of this latest crypto-related initiative is a part of the company’s vision to increase adoption by bringing “real-world cryptocurrency and blockchain use cases to life.” Moneygram shared that this crypto addition to its app was made possible through its partnership with licensed crypto exchange and API-driven crypto-as-a-service provider, Coinme. With this new partnership, Moneygram is looking to provide users with more ways to use cryptocurrency in their everyday lives. This is a positive step forward for the company and the crypto industry as a whole. With more mainstream companies beginning to adopt cryptocurrency, it is only a matter of time before it becomes more widely accepted and used.
Western Union appears to be preparing to enter the cryptocurrency world, despite the current bear market. On Oct 25, Cointelegraph reported that the company had filed three trademarks that covered managing digital wallets, exchanging digital assets and commodities derivatives, issuing tokens of value, and brokerage and insurance services. This suggests that Western Union is confident that the crypto market will rebound in the future and that it wants to be prepared to offer a full range of services to its customers.
The new Cash App feature is good news for Bitcoin users, as it will allow them to send and receive BTC on the faster, more efficient layer-2 protocol. This will make it easier for people to use Bitcoin for everyday transactions, and could help to increase its adoption as a mainstream payment method.