Key facts
- MoneyGram has launched its Ramps service on the Solana blockchain.
- The service allows users to convert cash to digital assets and vice versa.
- It supports cash deposits in over 25 countries and withdrawals in more than 170 countries.
- Rift is the first Solana wallet to integrate the service.
- MoneyGram became a Solana validator in June.
Global remittance company MoneyGram has expanded its Ramps service to the Solana blockchain, allowing wallets, exchanges, and developers on the network to offer cash-to-crypto and crypto-to-cash conversions through its payments network. This marks the second blockchain supported by Ramps, following its prior operation on Stellar. Rift is the first Solana wallet to integrate the service, enabling users to move between cryptocurrency and local currencies via MoneyGram's infrastructure. MoneyGram serves over 60 million customers globally through approximately 500,000 retail locations. The integration provides Solana developers access to MoneyGram's fiat on- and off-ramp capabilities via a single API. The service supports cash deposits in over 25 countries and withdrawals in more than 170 countries and territories. MoneyGram's expansion onto Solana is part of a broader strategy to make its Ramps service available across multiple blockchain ecosystems. The company also became a Solana validator in June, staking SOL and processing transactions on the network, and joined the Solana Developer Platform.