MoneyGram has been a big supporter of the crypto industry. The American money transfer company is already one of the most prominent companies in the world to provide its customers with Bitcoin services. The company currently allows users to buy and withdraw bitcoins from various brick-and-mortar locations within the US. Alex Holmes, CEO of MoneyGram, stated that cryptocurrencies and fiat currency are not really compatible today while talking to Bloomberg about the company's new cooperation with Stellar. In addition to this, he acknowledged that the cryptocurrency business is here to stay.
As a result of this revelation, MoneyGram has made it one of its primary missions to create a connection between the two sectors. He said,
“We’re trying to be a bridge from the crypto world to the fiat world."
The cryptocurrency industry is currently going through a bear market, which is being led by Bitcoin. Despite this, there are still indications that the sector will continue to expand and gain more adoption in the near future.