Money transfer company MoneyGram International announced this week that it will allow its customers to buy and sell bitcoin with cash at 12,000 retail locations in the United States through a partnership with Coinme.
“The possibility that anyone can walk into a MoneyGram location and load your wallet with BTC is quite an exciting service opportunity,” Alex Holmes, CEO of the firm, had said in early May.
For his part, Neil Bergquist, CEO of Conime, a company that already facilitates exchanges of cash for BTC in more than 6,000 positions in supermarkets, confirmed that the plan of the partnership with MoneyGram is to reach 20,000 stores in 32 US states. For the third quarter of 2021.
MoneyGram and Coinme will take 4% of customer transactions plus $ 2.75 in fees. Walmart-based MoneyGram locations will charge $ 2 more.
The launch greatly expands US investors’ access to traditional crypto touch points. According to Coin ATM Radar, some 3,000 crypto currency kiosks and ATMs allow users to sell their bitcoins in person, and approximately 17,000 locations facilitate purchases.