MoneyGram expands crypto cash ramps to Solana

Özet:MoneyGram has expanded its Ramps service to Solana, enabling wallets, exchanges, and developers on the network to offer cash-to-crypto and crypto-to-cash conversions through its payments infrastructure. Ramps previously supported only Stellar, making Solana its second blockchain. Rift is the first Solana wallet to integrate the service, letting users move between crypto and local currencies. Solana noted that MoneyGram serves over 60 million customers across nearly 500,000 retail locations in more than 170 countries, now accessible via a single API. Ramps supports cash deposits in over 25 countries and withdrawals in more than 170. The service is also part of Solana‘s Developer Platform payments module, and MoneyGram became a Solana validator in June. The launch reflects MoneyGram’s broader effort to bring Ramps across multiple blockchain ecosystems.

Global remittance company MoneyGram has expanded its Ramps service to Solana, allowing wallets, exchanges and developers on the network to offer cash-to-crypto and crypto-to-cash conversions through its payments network.

Ramps previously operated on Stellar, making Solana its second supported blockchain. Rift is the first Solana (SOL) wallet to integrate the service, allowing users to move between crypto and local currencies through MoneyGram.

In an X post announcing the launch, Solana said MoneyGram serves more than 60 million customers through nearly 500,000 retail locations across more than 170 countries, with the network now accessible to Solana developers through a single API.

Source: Solana

Ramps supports cash deposits in more than 25 countries and withdrawals in more than 170 countries and territories, according to MoneyGram. The service, also integrated into the Solana Developer Platform‘s payments module, lets developers add MoneyGram’s fiat on- and off-ramp infrastructure without building their own banking integrations.

The company said the Solana launch is part of a broader effort to make Ramps available across multiple blockchain ecosystems. In June, MoneyGram became a Solana validator, staking SOL and processing transactions on the network. It also joined the Solana Developer Platform as part of that expansion.

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