MoneyGram expands crypto cash ramps to Solana
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
MoneyGram has expanded its Ramps service to the Solana blockchain, enabling wallets, exchanges, and developers on Solana to offer cash-to-crypto and crypto-to-cash conversions via MoneyGram’s payments network. Ramps previously operated only on Stellar, making Solana the second blockchain supported. Rift is the first Solana wallet to integrate the service.
Why it matters
According to Solana, MoneyGram serves over 60 million customers through nearly 500,000 retail locations in more than 170 countries. Making MoneyGram’s network accessible to Solana developers via a single API simplifies fiat on- and off-ramp infrastructure, potentially expanding user access to crypto cash conversions on Solana.
Key context
Ramps supports cash deposits in more than 25 countries and withdrawals in over 170 countries and territories. The service is integrated into the Solana Developer Platform’s payments module, allowing developers to use MoneyGram’s infrastructure without building independent banking integrations. MoneyGram became a Solana validator and joined the Solana Developer Platform in June, reflecting its broader effort to deploy Ramps across multiple blockchain ecosystems.
Key numbers and entities
MoneyGram serves 60 million customers through 500,000 retail locations in 170 countries. Ramps operates on Stellar and now Solana. Rift is the first Solana wallet integrating Ramps. MoneyGram became a Solana validator and joined the Solana Developer Platform. The source is Cointelegraph.
What remains unclear
The source does not flag open questions or provide details on the exact timeline for broader wallet or exchange integrations beyond Rift.