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Moneygram completes investment in crypto ATM operator Coinme

 With the help of crypto websites, it has become easier to stay abreast with new updates and brush up on one’s knowledge on topics like what is soft fork and hard fork in blockchain, crypto whales, airdrops, ICO, IPO, STO, and so many. What is more important is you get the latest news updates of whatever developments taking place in the crypto world. One such news update is the Moneygram investment in crypto ATM operator Coinme. 


It has become a newly added example in the list of companies with a positive move on cryptocurrency acceptance. According to the CEO, the American money transfer company continues to be bullish in exploring many opportunities existing in the rapidly growing world of cryptocurrency. 


Investment in Coinme


The declaration by Moneygram International Inc. came on 5th January Wednesday. According to this financial firm, the process of the planned lower investment on Coinme, a United States-based leading cryptocurrency cash exchange, has been completed. This initiative has provided a 4% ownership stake to Moneygram. The investment done by the latter financial company will be beneficial in expanding plans of Coinme on the international front, and other initiatives for its development. 


Coinme laid its foundation seven years ago. At present, it is operative in forty-eight states and aims to exceed its international reach in the coming decades. This crypto-cash exchange has a partnership with a famous automated coin cashing service in America to turn fiat coins into paper cash and enable purchasing in BTC over 21K Coinstar kiosks. For the last five years, MoneyGram has been in service to 150 million people worldwide. 


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