This new partnership will allow CEX.io users to convert USDC to physical cash and back again at MoneyGram locations.
This collaboration means that people using CEX.io can now visit MoneyGram spots to add or withdraw cash from their crypto accounts. Let’s explore more about this news for Stellar.
What Does This Mean for Users?
With this new setup, CEX.io users can use physical cash to fund their crypto accounts or cash out their digital dollars. The partnership primarily targets countries in the European Economic Area (EEA), Africa, Latin America (LATAM), and other regions. Right now, users in Austria, Hungary, Ireland, Lithuania, and Poland can already take advantage of this service. But don’t worry if you’re not in these countries – CEX.io plans to expand the service to more locations over time.
🆕 CEX•IO enables cash-in and cash-out transactions in USDC at participating @MoneyGram locations!
➕ We’re thrilled to add this reputable service integration to the existing plethora of methods available on our platform.
🔄 Enjoy the convenience of converting your local… pic.twitter.com/xKsyq2rUG3
— CEX.IO (@cex_io) September 18, 2024
Joel Kosloski, the chief information security officer and chief information officer at CEX.io, mentioned that they are “actively working” to bring this service to even more countries. This means that soon, more people around the globe will be able to enjoy the convenience of converting their crypto into cash at a local MoneyGram branch.
More Countries Get Easy Crypto-to-Cash Conversions
This partnership is a real game-changer for people who use crypto. It’s like having a new tool in your toolbox that makes managing both crypto and cash a breeze. Instead of having to deal with the hassle of transferring money internationally or waiting for days, you can now get cash or add money to your account almost instantly. More info about this partner here.
By teaming up with MoneyGram and Stellar, CEX.io is not just making it easier to handle your digital dollars but also expanding the ways you can use them. Whether you’re in Europe, Africa, Latin America, or another part of the world, this new service will help you keep your finances in tip-top shape without missing a beat.
Disclaimer
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