Solana Stands Firm as MoneyGram Bolsters Cross-Border Payments Narrative
The Solana price has maintained its support level at $103.70 as the ecosystem continues to shift towards making real-world transactions possible.
MoneyGram, a cross-border payments company, has become a key catalyst for Solana's narrative with CEO Anthony Soohoo set to speak at the Breakpoint event about using Solana's low transaction fees and near-instant settlement for cross-border payments.
Solana highlighted that stablecoins are considered a 'killer app', adding utility to its ecosystem as it becomes increasingly associated with payments, not just trading. MoneyGram has already integrated Ramps service with Solana, allowing users to move between cash and digital assets through its payment network.
The Solana price is currently holding above the key support level of $94.67, with a Relative Strength Index (RSI) of 62.55, indicating bullish pressure without entering overbought conditions.