, the global digital payments platform, and , a leading cryptocurrency cash exchange in the U.S., are collaborating to enhance accessibility to digital assets for millions of users worldwide.
Coinme users can now send funds to CiNKO wallets, and then cash out at participating MoneyGram locations throughout Latin America and the Caribbean. Through this collaboration, CiNKO and Coinme are together bringing a real-world use case for cryptocurrencies to life, by ensuring people have fast, safe and reliable access to money.
“Our collaboration with Coinme represents a pivotal step towards advancing financial inclusion and democratizing cryptocurrency access. By leveraging our platforms, we aim to establish a more accessible, secure, and cost-effective ecosystem for users globally,” says Richard Douglas, Co-founder and CEO of CiNKO.
“Coinme is proud to be aligned with CiNKO in a vision that both companies share. Our mission is to provide more individuals around the world with access to a better financial future via cryptocurrency. This partnership serves that mission and the millions of people who benefit from trusted access to cryptocurrencies,” says Neil Bergquist, CEO and Co-founder of Coinme.
CiNKO is rapidly becoming a global leader in digital finance, providing advanced solutions that enable individuals in 44 countries throughout Latin America and the Caribbean to easily participate in the digital economy and oversee their financial transactions through its digital payments platform.
Coinme is widely recognized for its mission to offer cash access to cryptocurrencies in the U.S., and its ability to uniquely and seamlessly provide services to unbanked and underbanked populations. The platform offers swift and straightforward cash on-ramps for newcomers and seasoned crypto industry participants, circumventing the delays often associated with conventional online exchanges. Coinme customers rely on these services year-round for remittance purposes regardless of market conditions or volatility.
“We at MoneyGram are thrilled to enable the quick and easy cash withdrawal for users of this CiNKO and Coinme collaboration,” said Luther Maday, Head of Fintech Strategy and Innovation at MoneyGram. “So many people around the world still rely on cash to fund their everyday needs, so we will continue to utilize our global network and strong collaborations to uncover new ways to improve accessibility.”
MoneyGram, a global financial technology company that connects the world’s communities, is a pioneer in the use of blockchain technology at scale in its field. With one of the world’s most extensive and dynamic cash distribution networks, MoneyGram has become the single largest on and off-ramp provider for digital currencies in the world.
With CiNKO, users can receive crypto and have it seamlessly and securely converted to USD with cash out at participating MoneyGram locations or transferred to local bank accounts. The combination of CiNKO’s solutions with Coinme’s platform means CiNKO users will gain access to an even broader array of international money transfer options, rendering sending and receiving funds across borders more convenient and cost-effective than ever before.
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