MoneyGram Expands Cash-to-Crypto Service on Solana Network

MoneyGram has expanded its cash-to-crypto service to Solana, allowing users to convert local cash into digital assets or withdraw crypto as local currency. The service, called MoneyGram Ramps, supports cash deposits in more than 25 countries and withdrawals across over 170 countries and territories.

Users can access supported digital assets through their wallets, exchanges, or by building on Solana. MoneyGram Ramps reduces the need for crypto platforms to build separate banking and cash connections, making digital asset access easier through payment locations.

This expansion comes as stablecoins gain wider use in payments and remittances. Banks, fintech firms, and payment companies are testing dollar-linked tokens for cross-border transfers and other payment services.