Cryptocurrency exchange Kraken has struck a global partnership with payments network MoneyGram, enabling Kraken customers to withdraw digital assets as cash across more than 100 countries through MoneyGram’s retail network.

The integration allows customers to convert cryptocurrency into hundreds of fiat currencies, with funds available for collection at nearly 500,000 MoneyGram locations across 200 countries and territories. 

The companies said payouts would be available instantly or near-instantly, addressing what they described as a persistent barrier to everyday crypto use: the lack of reliable cash off-ramps.

Kraken Co-Chief Executive Arjun Sethi said the partnership aimed to build “a scalable bridge between digital asset…