MoneyGram brings cash-to-crypto service to Solana

MoneyGram has launched its crypto on- and off-ramp work connected Solana, letting radical connected the web determination betwixt integer assets and carnal currency done the payments company's planetary network.

MoneyGram is simply a payments steadfast with much than 85 years of experience, serving implicit 60 cardinal customers done astir fractional a cardinal retail locations worldwide.

Its product, MoneyGram Ramps, is simply a instrumentality that lets apps link users to cash-to-crypto and crypto-to-cash services, a "ramp" being the span betwixt accepted wealth and integer assets.

Solana is simply a blockchain web built for fast, low-cost transactions, which has made it 1 of the astir progressive networks for payments, trading, and stablecoins.

"By connecting our ecosystem to MoneyGram's planetary payments web done MoneyGram Ramps, developers are capable to much easy physique fiscal applications with real-world inferior astatine planetary scale," said Lily Liu, president of the Solana Foundation, the nonprofit that supports the network.

Related: Solana's stablecoin proviso has grown 11x successful 3 years

How the work works

Ramps is built arsenic an API that lets different apps plug into MoneyGram's web without gathering their ain banking systems oregon handling analyzable regulation.

According to MoneyGram, it supports currency deposits successful much than 25 countries and currency withdrawals crossed much than 170 countries and territories.

For Solana developers, the institution said the instrumentality is besides built into the Solana Developer Platform's payments module, meaning builders tin adhd cash-to-crypto features straight into their apps.

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Rift becomes the archetypal wallet connected committee

Rift, an AI-powered trading level offering entree to equities, commodities, crypto, and overseas exchange, is the archetypal Solana wallet to integrate Ramps. MoneyGram framed it arsenic the commencement of wider adoption crossed the network.

The motorboat extends MoneyGram's propulsion beyond accepted remittances arsenic much fiscal enactment shifts onchain.

"The aboriginal of payments is built connected access," said Anthony Soohoo, president and CEO of MoneyGram, adding that each caller level the institution connects expands its network's reach.

The work is present unrecorded connected Solana.

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This communicative was primitively published by TheStreet connected Aug 11, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.