MoneyGram Goes Crypto! Customers Can Now Buy, Sell, and Hold Bitcoin, Ethereum, and Litecoin Through App

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Moneygram International Intrinsic Value – MONEYGRAM ($NASDAQ:MGI): MoneyGram, one of the world’s largest money transfer companies, is now allowing its customers to buy, sell, and hold Bitcoin, Ethereum, and Litecoin through its mobile app. The move into cryptocurrency comes as MoneyGram looks to capitalize on the growing popularity of digital assets. MoneyGram has partnered with BitGo, a leading digital asset custodian, to provide custody and transaction processing services for the three cryptocurrencies. Customers will be able to buy and sell cryptocurrencies instantly, and they will also be able to hold onto their digital assets for future use.

The move into cryptocurrency is a big win for MoneyGram, as it will allow the company to tap into a growing market. Cryptocurrencies have seen a surge in popularity in recent years, and as more people begin using them, MoneyGram will be well-positioned to benefit.

Market Price

This move comes as the company looks to tap into the growing cryptocurrency market. MONEYGRAM INTERNATIONAL stock opened at $10.6 on Tuesday and closed at $10.6, down by 0.2% from its last closing price. Cryptocurrencies have been on a tear in recent months, with Bitcoin hitting a new all-time high just last week. Ethereum and Litecoin have also seen strong gains, making them attractive options for investors.

With this new development, MONEYGRAIN INTERNATIONAL is positioning itself to capitalize on the growing popularity of cryptocurrencies. This move is likely to be well-received by customers, given the increasing interest in digital assets.

VI Analysis – Moneygram International Intrinsic Value Calculator

MONEYGRAM INTERNATIONAL‘s fundamentals reflect its long term potential, below analysis on MONEYGRAM INTERNATIONAL are made simple by VI app. The fair value of MONEYGRAM INTERNATIONAL share is around $6.1, calculated by VI Line. Now MONEYGRAM INTERNATIONAL stock is traded at $10.6, overvalued by 74%.

VI Peers

The company offers a variety of money transfer services including online money transfers, money orders, and bill payments. MoneyGram also offers mobile money transfer services through its mobile app. MoneyGram’s main competitors are Ameriworks Financial Services Inc, Japan Investment Adviser Co Ltd, Gentera SAB de CV.

– Ameriworks Financial Services Inc ($OTCPK:AWKS)

Japan Investment Adviser Co Ltd, with a market cap of $39.91 billion as of 2022, is a company that provides financial and investment advisory services. Its return on equity (ROE) is 13.77%. The company has a long history, dating back to the early 1900s, and has a strong presence in Japan and other Asian markets. It offers a wide range of services, including asset management, corporate finance, and mergers and acquisitions.

– Japan Investment Adviser Co Ltd ($TSE:7172)

Gentera SAB de CV is a Mexican holding company that operates through several subsidiaries engaged in microfinance, sustainable energy, and other financial services. The company has a market capitalization of 1.57 billion as of 2022 and a return on equity of 15.38%. Gentera’s microfinance subsidiary, Financiera Independencia, is the largest provider of microfinance services in Mexico, serving over 200,000 clients. The company’s sustainable energy subsidiary, EEnergy, develops and finances renewable energy projects in Mexico.

Summary

MoneyGram is a money transfer company based in the United States. Through this partnership, MoneyGram will use Ripple’s xRapid service to facilitate real-time cross-border payments. This partnership is significant because it is one of the first times a major financial institution has partnered with a cryptocurrency company. This could be a sign that the cryptocurrency industry is beginning to be taken more seriously by the traditional financial world. Investing in MoneyGram could be a way to get exposure to the cryptocurrency industry without directly investing in any digital currencies. Before investing in MoneyGram, it is important to do your own research and understand the risks involved. The cryptocurrency industry is still relatively new and volatile, so investing in this space comes with a higher degree of risk.

However, if you’re comfortable with the risks, investing in MoneyGram could be a way to get exposure to this growing industry.