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The company MoneyGram has partnered with Coinme to sell bitcoin at their locations. They are just one of many companies that have started to embrace the digital currency revolution. It’s no surprise, considering the increased demand for Bitcoin from consumers and businesses alike. Many people see it as a more stable investment than gold, while others see it as an opportunity for quick money-making schemes.
Money transfer company MoneyGram has partnered with Coinme, the Seattle-based cryptocurrency exchange, to sell bitcoin at its brick-and-mortar locations.
Users can now buy the cryptocurrency and withdraw in cash at MoneyGram kiosks in the U.S. Starting this week, they will be able to do that. They also plan to expand internationally by the end of this year.
The idea is to make it easier for people to buy and sell bitcoin. We are going to be using MoneyGram’s network of people who have bitcoin so they can easily help other people buy and sell bitcoin.There are only about 30,000 kiosks in the U.S. that sell cryptocurrency, and MoneyGram locations will now function as additional points of sale for people to buy and sell crypto from them.
Coinme is an exchange which provides its own technology to store bitcoins. They are the second-largest bitcoin ATM operator in the United States. It recently partnered with Coinstar, who makes kiosks. They set up machines in grocery stores.
MoneyGram has a partnership with Ripple. This is the company that owns the cryptocurrency XRP. MoneyGram will use this digital currency for foreign exchange settlements in some cases.MoneyGram stopped letting Ripple use their platform because of a lawsuit filed by the SEC.
Just a week after dogecoin had a big rally, during which the coin went over 70 cents for the first time in advance of Elon Musk’s appearance on Saturday Night Live, ethereum is taking its turn in the spotlight.
The coin has been getting more and more expensive. It went up by a lot in the past month. The world’s second-biggest cryptocurrency is now worth more than $4,000 per coin. The value of it was just over $176 a year ago.
Ethereum fares well above the aforementioned cryptocurrencies in terms of value, due to it being backed by institutional investors and as the cryptocurrency that holds the most promise.
Blockchain is the way to build a new kind of internet where information is stored in blocks. It is like bitcoin but it doesn’t have just one use, it has many.That’s because one of its uses is as infrastructure for a decentralized internet, which people can build apps on the Ethereum network.
Ethereum is worth $481.8 billion, which makes it the second most valuable cryptocurrency in the world. Bitcoin is worth almost $1 trillion.
Owning a mere $530 of ethereum at the beginning of this year would have resulted in a highly profitable investment. A $1,000 Ethereum purchase on Jan. 1, , when it was worth $730.97 per coin ($3000 then), would be worth roughly $5,710 now (making 471% return).
The price of bitcoin has grown a lot in 5 years. If you bought $1,000 worth of bitcoins today, it would be worth $1,984.13 by the end of Wednesday.