None
EN
MoneyGram expands on Solana with global crypto-to-cash service
['Krisztian Sandor']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
MoneyGram is bringing its cash-to-crypto infrastructure to Solana (SOL), extending the money-transfer company's push into blockchain rails to connect stablecoins and digital wallets with its sprawling global cash network.
The company said Tuesday that MoneyGram Ramps has become available to wallets, exchanges and developers building on Solana.
The service lets users convert cash into digital assets or cash them out through MoneyGram's payment network without each crypto app having to build its own connections to banks and cash outlets.
The service allows someone holding crypto in a supported wallet to turn it into local currency using MoneyGram's network.
Ramps supports cash deposits in more than 25 countries and withdrawals across more than 170 countries and territories, the firm said.