Moneygram buys 4% stake in crypto ATM operator Coinme By Cointelegraph
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 — likely more than $764,000, given its valuation of $19.1 million in June — 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.
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