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MoneyGram expands on Solana with global crypto-to-cash service

MoneyGram expands on Solana with global crypto-to-cash service

MoneyGram, which serves roughly 60 million active customers, views blockchain rails as a way to make cross-border transfers faster, cheaper and easier to track, without requiring customers to think about the technology powering them. Ramps fits into the vision as it connects digital assets into MoneyGram’s extensive brick-and-mortar network to help everyday customers turn tokens into local cash.

“The future of payments is built on access,” MoneyGram CEO Anthony Soohoo said in a statement. “Bringing MoneyGram Ramps to Solana is another step toward building a truly open, global payments network.”

MoneyGram has spent several years building connections between its traditional payments network and crypto. In 2022, it rolled out a…

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