Crypto exchange Kraken is partnering with MoneyGram to allow customers convert digital assets into cash through the money transfer firm’s global retail network.
The move addresses one of crypto’s long-running practical challenges: moving funds from digital weallets into local currency.
The companies said Kraken users will be able to withdraw crypto as cash in hundreds of fiat currencies across more than 100 countries using MoneyGram’s cash pickup network.
The service will be rolled out in phases across Kraken’s platforms, covering clients in the United States, Europe, Latin America, Africa, and parts of Asia Pacific, per the announcement.
The tie-up comes as crypto platforms try to move beyond trading and speculation by…






