Money transfer network MoneyGram has now received a minor investment from Coinme, a crypto ATM operator. This follows a Series A round of funding.

MoneyGram will announce its Wednesday launch it had purchased a roughly 4% ownership stake in Coinme — likely more than $764,000, given its valuation of $19.1 million in June — as part of a strategic investment in the crypto company. It follows an investment made in May 2021 Partnership between two companiesThis is a move to increase access to cryptocurrency-fiat markets.