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Solana Gets Direct Access to MoneyGram’s 500,000 Cash Counters as Ramps Expands Beyond Stellar
MoneyGram Ramps has expanded its services beyond Stellar to include the Solana blockchain, providing direct access to its network of nearly 500,000 retail cash counters. This integration allows Solana wallets, such as Rift, to directly deposit and withdraw cash using USDC, eliminating the need for third-party bridges. The expansion aims to facilitate remittances, cross-border payouts, and aid distribution by connecting digital assets to physical cash networks globally.
MoneyGram Ramps goes live on Solana, offering cash-out across 170 countries
MoneyGram has launched its "Ramps" service on the Solana blockchain, enabling users to convert cash into digital assets and vice versa across 170 countries. This integration aims to simplify cross-border payments by leveraging MoneyGram's existing network without requiring users to directly interact with blockchain technology. The move follows MoneyGram's previous collaborations with the Stellar Development Foundation and its own stablecoin initiative, MGUSD.
