Overview
- MoneyGram has made its Ramps cash-to-crypto infrastructure available to developers, wallets and exchanges building on the Solana blockchain so those platforms can use one connection to MoneyGram’s cash network.
- Ramps lets users convert between stablecoins held on Solana—including USDC—and local currency for in-person pickup or deposit at MoneyGram locations, with the company saying deposits work in more than 25 countries and withdrawals in over 170 territories.
- The Solana rollout is embedded in the Solana Developer Platform payments module, which removes the need for apps to integrate separate payment processors or build their own banking and cash connections.
- MoneyGram strengthened its technical commitment to Solana by running a validator node on the network, signaling the company will help process and secure transactions beyond a simple partnership.
- The move builds on MoneyGram’s prior stablecoin work, including a USDC partnership on Stellar and the June launch of its MGUSD token, and it could speed lower-cost cross-border transfers by tying token rails directly to a global physical cash footprint.