{"id":390087,"date":"2022-01-06T00:15:00","date_gmt":"2022-01-05T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/moneygram-buys-4-stake-in-crypto-atm-operator-coinme\/"},"modified":"2022-01-06T00:15:00","modified_gmt":"2022-01-05T21:15:00","slug":"moneygram-buys-4-stake-in-crypto-atm-operator-coinme","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/moneygram-buys-4-stake-in-crypto-atm-operator-coinme\/","title":{"rendered":"# Moneygram buys 4% stake in crypto ATM operator Coinme"},"content":{"rendered":"<p>&#8220;<strong># Moneygram buys 4% stake in crypto ATM operator Coinme <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvOTc1NzliNmItMWQzNC00NDA0LTg1NzEtYWMzNzU0YjIxMzFhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A funding round.<\/p>\n<p>In a Wednesday announcement, MoneyGram <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ir.moneygram.com\/news-releases\/news-release-details\/moneygram-announces-minority-investment-coinme-largest-licensed\">said<\/a> it had purchased a roughly 4% ownership stake in Coinme \u2014 likely more than $764,000, given its valuation of $19.1 million in June \u2014 as part of a strategic investment in the crypto company. The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. <\/p>\n<p>&#8220;We continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate as a compliant bridge to connect digital assets to local fiat currency,\u201d said MoneyGram CEO Alex Holmes. \u201cOur investment in Coinme further strengthens our partnership and compliments our shared vision to expand access to digital assets and cryptocurrencies.\u201d<\/p>\n<p>Currently, U.S.-based MoneyGram users are able to exchange their Bitcoin (BTC) and crypto holdings for cash at point-of-sale outlets. Coinme\u2019s website reports more than 23,000 ATM locations in the United States, including MoneyGram and Coinstar.<\/p>\n<p>While MoneyGram seemingly winds up its partnership with Coinme \u2014 currently only operating in the United States \u2014 it scaled back its collaboration with blockchain-based payments firm Ripple Labs in 2021. The two firms inked a strategic partnership agreement in 2019, processing billions of dollars through Ripple\u2019s RippleNet and On-Demand Liquidity services. However, MoneyGram suspended the partnership in February 2021 following the U.S. Securities and Exchange Commission filing a complaint against Ripple, alleging securities violations.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>MoneyGram launches USDC settlement using the Stellar blockchain<\/em><\/strong><\/p>\n<p>At the time of publication, shares of MoneyGram stock (MGI) are trading for $7.55, having fallen roughly 2.5% in the last 24 hours. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/moneygram-buys-4-stake-in-crypto-atm-operator-coinme\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Moneygram buys 4% stake in crypto ATM operator Coinme &#8221; Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme \u2014 likely more than $764,000, given its valuation&#8230;<\/p>\n","protected":false},"author":1,"featured_media":390088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvOTc1NzliNmItMWQzNC00NDA0LTg1NzEtYWMzNzU0YjIxMzFhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75583,105507,74863,75582,82739,70719,117],"class_list":["post-390087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cash","tag-coinme","tag-cryptocurrencies","tag-fiat-money","tag-moneygram","tag-atm","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/390087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=390087"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/390087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/390088"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=390087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=390087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=390087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}