MoneyGram Brings Crypto Payment Network to Solana Blockchain
MoneyGram has expanded its digital asset infrastructure to include the Solana blockchain. The company's Ramps service, which allows users to move between cryptocurrencies and local currencies, is now available on Solana.
The launch enables users to connect directly to MoneyGram's global cash and digital payment network through wallets, exchanges, and developers. Rift, an AI-powered trading platform, is the first Solana-based wallet to integrate Ramps, giving its customers access to fiat on- and off-ramp services.
MoneyGram Ramps uses a single API that allows businesses to offer cash-to-crypto and crypto-to-cash services without developing their own banking infrastructure or managing multiple regulatory integrations. The service currently supports cash deposits in more than 25 countries and cash withdrawals across over 170 countries and territories.