MoneyGram Expands Crypto-to-Cash Service to Solana Blockchain

MoneyGram has expanded its MoneyGram Ramps service to include the Solana blockchain. This addition enables wallets, exchanges, and developers on Solana to convert between cash and digital assets using MoneyGram's global network.

The service allows for cash deposits in over 25 countries and withdrawals in more than 170 countries and territories, facilitating easier and faster cross-border payments and remittances.

This move strengthens MoneyGram's focus on stablecoin-based payments and builds on its previous integration with USDC on Stellar and its own stablecoin, MGUSD. By connecting blockchain-based digital assets to its extensive cash network, MoneyGram aims to simplify access to local currencies for everyday users worldwide.