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Moneygram buys 4% stake in crypto ATM operator Coinme By Cointelegraph

Moneygram buys 4% stake in crypto ATM operator Coinme
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Money transfer network MoneyGram now has a lower investment in crypto ATM operator Coinme after a Series A funding round.

In a Wednesday announcement, MoneyGram He said It bought a roughly 4% ownership stake in Coinme — likely more than $764,000, given its $19.1 million valuation in June — as part of a strategic investment in the crypto company. Investment comes in May 2021 Partnership between the two companies It aims to expand access to cryptocurrency exchanges.