MoneyGram Brings Crypto-to-Cash to Solana Blockchain

MoneyGram has expanded its crypto-to-cash infrastructure service, MoneyGram Ramps, to the Solana blockchain.

This integration enables developers of Solana-based wallets and decentralized applications (DApps) to offer users a seamless way to convert cash into digital assets or exchange cryptocurrency for local fiat currencies.

MoneyGram's existing infrastructure includes partnerships with retail locations worldwide, making it easier for users to cash out their digital holdings into physical currency.

The expansion to Solana follows MoneyGram's earlier collaboration with the Stellar Development Foundation in 2022, which introduced USDC on/off-ramps.