Skip to content

News   /   Uncategorized

A bitcoin ATM in every grocery store…

A bitcoin ATM in every grocery store…
August 21, 2023

MoneyGram is making moves again… Last year MoneyGram partnered with Ripple. Ripple created a digital asset (XRP) and a payment network to make international money transfers faster and cheaper. And MoneyGram’s deployment of Ripple’s technology reduced the cost of its cross-border, cross-currency transactions by up to 70%. The deal with Ripple was making a material impact on its business.  

However, the two companies decided to put their relationship on pause while Ripple works through an ongoing Securities and Exchange Commission (SEC) lawsuit. Ripple appears to have the upper hand in that lawsuit. Still, the MoneyGram/Ripple partnership is on hold for now. But it seems MoneyGram is now a big believer in blockchain technology and digital assets. The money transfer giant just partnered with digital asset exchange Coinme to enable the buying and selling of bitcoin at MoneyGram kiosks. This is big news.

Remember, MoneyGram is an international business. It has kiosks all over the world. This move will put bitcoin in front of millions of MoneyGram customers, many of whom have never dealt with the digital asset before.  And that’s just the start. Coinme happens to be the second-largest bitcoin ATM operator in the United States. And it is going to partner with CoinStar to set up bitcoin ATMs in grocery stores across the country.  

This will put bitcoin in front of even more American consumers. Incredible. This is the first time that bitcoin will be made readily available to people even if they aren’t tech-savvy enough to deal with online exchanges and digital wallets. So these are interesting developments. And they are certainly bullish for the blockchain ecosystem. I will be following MoneyGram’s quarterly earnings reports going forward to see if it talks about the rate of bitcoin adoption it’s seeing. That would give us insight into how these kiosks and ATMs are being received. Stay tuned.

Share this article:

More in Uncategorized:

Best of US Investors

The Looming Global Debt Crisis: A Ticking Time Bomb

The world is facing an unprecedented debt crisis, with global government debt reaching a staggering $315 trillion in the first...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
June 11, 2024

Best of US Investors

A Safe Way to Invest in Cannabis with Innovative Industrial Properties

The U.S. cannabis industry remains highly fragmented and risky, but there is one outlier that provides investors with a relatively...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
May 17, 2024

Best of US Investors

7 Stocks With Cosmic Potential - Finding the Next "Moonshot" Investments

May 16, 2024 By Kerry Grinkmeyer There are only two main ways to make big money in the stock market....

A bitcoin ATM in every grocery store…
May 16, 2024

Best of US Investors

Unveiling the Future with Emily Leproust and Twist Biosciences

In a world grappling with environmental challenges and the relentless pursuit of longevity, a visionary figure has emerged – Emily...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
May 15, 2024

Best of US Investors

Uncovering Explosive Growth Potential: The Case for Navitas Semiconductor (NVTS)

As investors, we’re constantly on the hunt for opportunities that offer substantial upside potential. In the ever-evolving world of semiconductors,...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
May 15, 2024

Best of US Investors

Are We Headed for Stagflation? Examining the Economic Warning Signs

The latest economic data continues to show stubbornly high inflation, with the Producer Price Index (PPI) up again in April...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
May 14, 2024

Register for the Best of US Investors Newsletter

Get daily financial news delivered to your inbox. Join today.

©2024 Best of US Investors. All rights reserved.

Site by KMA

Disclaimer

This Best of US Investors website is not and should not be considered investment advice. This Best of US Investors website is for informational purposes only. Nothing on this Best of US Investors website constitutes a recommendation to buy, sell or hold any security at any time. Always consult with a financial professional that is familiar with your specific situation before making any investment or trade.

Use of this Best of US Investors website is at your own risk. Best of US Investors makes no warranties about the accuracy, completeness or reliability of any content on this Best of US Investors website.

All the information on this Best of US Investors website is provided “AS IS”. Do not rely on any statements made on this Best of US Investors website.

In no event shall Best of US Investors be responsible or liable for any damage that occurs while using or reading any content on this Best of US Investors website.

Best of US Investors may have a position (long, short or neutral) in any security mentioned on this Best of US Investors website and therefore may realize significant gains in the event that the price of the security mentioned on this Best of US Investors website declines or appreciates.

Best of US Investors may buy and/or sell any security mentioned on this Twitter account at any time and for any reason. I may trade contrary or different to the information provided on this Best of US Investors website. You should assume that any email or post on this Best of US Investors website may cause the price of the security mentioned to appreciate or decline in a dramatic way.

Best of US Investors may continue to transact in any security mentioned on this Best of US Investors website an indefinite period of time after any email or post and such positions may be long, short or neutral at any time hereafter regardless of the initial view or positions stated on this Best of US Investors website.

In no event shall Best of US Investors be liable for any claims, losses, costs or damages of any kind including direct, indirect, punitive, exemplary, incidental, special or consequential damages, arising out of or in any way connected with any information presented on this Best of US Investors website. This limitation of liability applies regardless of any negligence or gross negligence of Best of US Investors or any company affiliated with Best of US Investors. You accept all risks in relying on the information presented on this Best of US Investors website.

If any statement in this legal disclaimer is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.

For more information, contact [email protected] .