MoneyGram adds the ability to buy and sell bitcoin

Following the practice of major payment services, the American money transfer giant MoneyGram will allow you tousers to buy bitcoins and cash them out in various offline stores.

After an impressive rise in prices and popularitycryptocurrencies continue to be at the center of the financial technology industry. Many blue-chip and publicly traded companies have started accepting bitcoins for their services, and some have even added them to their balance sheets, such as Tesla and MicroStrategy.

On May 12, MoneyGram announced a partnership with ATM provider Coinme to offer anyone the ability to purchase Bitcoin.

According to the agreement between the companies, MoneyGram will add a service for the purchase of BTC at 12,000 points of delivery in the United States this month and at another 5,000 points in June.

To purchase cryptocurrency, users need to download the Coinme app. The operation is carried out as follows:

1. In the application, the user selects the desired purchase amount.
2. The amount he must pay is calculated.
3. The user then receives a commit code that is valid for 5 minutes.
4. He presents this code to the cashier, who completes the transaction.

This opens up a new category of consumers forcryptocurrency market. The fact is that Bitcoin is aimed more at those who actively use the Internet. However, millions of people still prefer to transact only with cash. They do not have access to traditional financial institutions. The addition of MoneyGram's Bitcoin service will give them the ability to easily purchase cryptocurrencies at Walmart stores where the payment company's cash pickup points are located.

"Partnering with Coinme opens up a whole new segment for our business.", said MoneyGram CEO Alex Holmes.

It is also worth noting that it is more important for many people not to even buy bitcoin, but to sell it for cash. This feature will also be available.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

</p>

Rate this publication