MoneyGram Brings Crypto-to-Cash Payouts to the Solana Blockchain

MoneyGram has expanded its cryptocurrency-to-cash service to the Solana blockchain. This integration enables users to convert digital assets into cash at thousands of locations worldwide.

The process involves sending crypto from a Solana-compatible wallet, specifying the recipient's name and location. Once the transaction is confirmed on-chain, the recipient receives a notification and can collect the cash in their local currency at a participating MoneyGram outlet.

This integration builds on MoneyGram's existing crypto services, which already supported Stellar (XLM) and the Circle USD Coin (USDC). Solana brings faster settlement times and lower transaction fees, making it particularly suitable for smaller-value remittances.