MoneyGram teams up with Coinme for broadening access to bitcoin

MoneyGram International (MGI) partners with Coinme, a licensed cryptocurrency cash exchange in the U.S., in a move that will allow its customers to pay for bitcoin (BTC-USD) with cash and withdraw bitcoin holdings in cash.The partnership uses MoneyGram's mobile and API-driven payments platform and Coinme's cryptocurrency exchange and custody technology to bring bitcoin to thousands of point-of-sale locations in the U.S.The service will be available at select MoneyGram locations starting in the coming weeks. The two companies plan to expand the offering to select international markets in H2 2021.Additional cryptocurrencies will also be added soon after the initial rollout, the companies said.