One of the major reasons investors keep flocking to crypto is the enormous potential the space has. While institutional investors dominated the space in 2021, it appears they have continued in the same vein in this new year.
The latest institutional investor to enter the fray is Moneygram International who recently invested in Coinme, a cryptocurrency ATM operator.
Moneygram buys 4% stake in Coinme
On Wednesday, Moneygram announced that it had completed a strategic minority investment in Coinme, a leading United States-based cryptocurrency cash exchange.
The announcement revealed that the leading cross-border P2P payments company investment in the crypto firm gave it a 4% ownership stake.
Coinme is an America-based crypto firm licensed to operate in 48 states of the country. The firm was the 78th fastest expanding tech corporation in North America.
While speaking on the investment in Coinme, Moneygram chairman and CEO Alex Holmes noted that the company is optimistic about the several
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