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MoneyGram Expands on Solana With Crypto-to-Cash Ramps

Through Solana, wallets and exchanges can now deposit cash in more than 25 countries and pay out in 170 countries. MoneyGram is linking stablecoins and local currencies to its global payment network.

By Mike Hesp
• 2 min read
MoneyGram Expands on Solana With Crypto-to-Cash Ramps

Key Takeaways

  • MoneyGram is expanding its Ramps service to Solana for wallets, exchanges, and developers.
  • Users can convert cash into digital assets and withdraw crypto as local currency through MoneyGram's network.
  • The service supports cash deposits in more than 25 countries and payouts in more than 170 countries and territories.

MoneyGram is expanding its crypto infrastructure to Solana and making its Ramps service available to wallets, exchanges, and developers on the network. That means users can convert cash into digital assets or withdraw crypto as local currency through the company's global payment network.

Ramps Connects Cash and Crypto

According to MoneyGram, crypto apps no longer have to build their own connections to banks and cash outlets because of the new integration. That matters for companies that want to move stablecoins and other tokens between digital wallets and physical money, without users having to deal with the underlying infrastructure every time.

The service supports cash deposits in more than 25 countries and payouts in more than 170 countries and territories. For users, that means a supported wallet not only has a digital on-ramp, but also a route back to local currency through MoneyGram's network.

Solana Gets More Payment Rails

MoneyGram has been focusing on blockchain rails for cross-border payments for some time. The company previously worked with Stellar around cash and USDC, and in June it also launched MGUSD, a dollar-backed stablecoin issued through Bridge on Stellar. The move to Solana fits into that broader strategy of linking digital assets more directly to existing payment infrastructure.

The company also said it became a validator on Solana in June. That role means a party helps process transactions and helps secure the network at the protocol level, showing that MoneyGram is not just building a distribution channel, but also becoming more deeply embedded in the ecosystem.

Why This Matters

For European crypto followers, the main takeaway is that the line between crypto and traditional money is getting blurrier. Stablecoins are being used more and more for payments and remittances, not just trading, and companies like MoneyGram are trying to make that use case scalable through existing networks. That could matter for wallets, exchanges, and payment apps that want to offer international cash routes without setting up a full banking and payout network themselves.

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