Remittances giant MoneyGram has acquired a minority stake (4%) in bitcoin-to-cash exchange Coinme, according to a Wednesday press release. The investment closes Coinme’s series A financing round with the aim to propel its international expansion plans and help MoneyGram bridge the bitcoin and fiat worlds.

Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme as part of a strategic investment in the crypto company.

Dallas-based MoneyGram International Inc. is taking a minority stake in Coinme, a cryptocurrency platform that converts cash into bitcoin. MoneyGram didn’t disclose the size of its investment, which it estimated gives it a 4% ownership stake in the Seattle-based startup.

Cash transfer company MoneyGram International (MGI) has made a strategic minority investment in cryptocurrency cash exchange company Coinme, giving it a 4% ownership stake, MoneyGram announced in press release Wednesday. In May, MoneyGram said it would allow customers to buy and sell bitcoin for cash at 12,000 U.S. retail locations through a partnership with Coinme.

Governments around the world have been looking at adopting, regulating and even banning cryptocurrencies since the inception of Bitcoin. Ever since, the crypto ecosystem has been a rocket ship ride to the moon and back (multiple times). Today, it seems that more people than ever have hopped on for the ride.

MoneyGram International has forged an alliance with India-based Paytm Payments Bank to enable its customers worldwide to send money directly to Paytm Wallets in India. At present, digital MoneyGram transactions are said to constitute around 50% of all transactions received in India.

MoneyGram International Inc. on Wednesday said in entered a partnership with India's Paytm Payments Bank. MoneyGram said through the arrangement, its customers can now send money to those with fully KYC compliant Paytm Wallets in India.

MoneyGram International has launched a partnership with Indian payments bank Paytm, allowing MoneyGram customers from around the world to send money directly to Patym wallets in India.

Saudi Arabia-based digital wallet urpay has tapped MoneyGram’s API-driven infrastructure and network to enable international transfers from Saudi Arabia. This strategic partnership builds upon the momentum MoneyGram has developed in the Middle East and further accelerates digital growth in one of the world's outbound remittance markets.

Stellar made a big splash in October when it announced a partnership with international payments firm MoneyGram, a major player in remittances, to send Circle’s USDC stablecoin for cross-border payments.