Moneygram Brings Cash-to-Crypto Payments to Solana Through Ramps

Moneygram has launched its Ramps service on Solana, expanding its global cash network to the blockchain. The move allows developers to integrate Moneygram's payments infrastructure into their applications through an API.

The partnership with Solana comes as Moneygram continues to push beyond its traditional money-transfer business and deeper into digital assets. Ramps acts as a bridge between traditional money and cryptocurrency, enabling users to deposit cash and receive digital assets or convert supported digital assets back into local currency for withdrawal.

Rift is the first Solana wallet to integrate the service, which supports cash deposits in more than 25 countries and cash withdrawals in over 170 countries and territories. The integration also expands Moneygram's reach on blockchain platforms, connecting physical cash to cryptocurrency.

Moneygram Chairman and CEO Anthony Soohoo said that 'the future of payments is built on access,' and that each additional platform connected to Ramps extends the reach and value of its payments network.