Summary
MoneyGram has extended its cash-to-crypto service, MoneyGram Ramps, to the Solana blockchain, allowing wallets, exchanges and developers building on Solana to connect to its global cash network. The service lets users convert cash into digital assets or cash out tokens through MoneyGram's payment network without each crypto app building its own connections to banks and cash outlets. Ramps supports cash deposits in more than 25 countries and withdrawals across more than 170 countries and territories.
Key Facts
- MoneyGram Ramps now available to wallets, exchanges and developers on Solana
- Lets users convert cash into digital assets or cash them out via MoneyGram's network
- Supports cash deposits in 25+ countries and withdrawals in 170+ countries/territories
- MoneyGram serves roughly 60 million active customers
- Deepens MoneyGram's push into stablecoin-based payments and remittances
- Builds on 2022 USDC cash on/off-ramp with Stellar
- Launched own dollar-backed stablecoin MGUSD (issued by Bridge) on Stellar in June
- Became a Solana validator in June, joining Solana Developer Platform
- Listed as partner in Open USD, the Stripe-led stablecoin initiative
- CEO Anthony Soohoo: "The future of payments is built on access"
Why It Matters
MoneyGram's expansion to Solana is a significant step in bridging traditional payments infrastructure with blockchain rails. By connecting Solana-based wallets, exchanges and DApps to its sprawling physical cash network, MoneyGram addresses one of the persistent barriers to crypto adoption: converting digital assets into cash. The move reflects the growing use of stablecoins beyond crypto trading — in payments and remittances — as fintechs and banks experiment with dollar-pegged tokens to move money across borders without chains of correspondent banks. For Solana-based projects, the integration offers built-in fiat access without relying on third-party exchanges, expanding utility for remittances and cross-border payments, particularly in underbanked regions.