They allow customers to buy and sell bitcoins with cash.
MoneyGram is working with cryptocurrency exchange Coinme to enable funding and cash payments for digital currency purchases and sales.
Combining MoneyGram's mobile payment platform and API with Coinme's proprietary crypto-currency exchange and custody technology, the partnership promises to bring bitcoin to thousands of new points of sale in the US.
In the coming weeks, selected MoneyGram outlets in the U.S. will enable users to purchase bitcoin for cash and withdraw their crypto-currency holdings in cash. "This innovative partnership opens up our business to a whole new customer segment, as we are the first to launch a crypto-currency model by building a bridge with Coinme to connect bitcoin to local fiat currency," says Alex Holmes, CEO of MoneyGram.
