MoneyGram has expanded its cash-to-crypto Ramps service to the Solana blockchain, granting wallets, exchanges, and developers access to its global payment infrastructure. The move connects digital assets with local cash services across a broad international footprint and positions MoneyGram alongside a growing cohort of legacy financial firms building on Solana, which has attracted payment-focused projects citing its high-throughput, low-fee architecture.

MoneyGram Ramps enables users to convert cash into supported digital assets and withdraw cryptocurrency as local currency. The service operates through MoneyGram's existing payment network, reducing the need for crypto platforms to establish separate banking and cash connections. The rollout is designed to simplify digital asset access through physical payment locations, an offering particularly relevant for unbanked and underbanked populations who rely on cash but may benefit from faster, cheaper digital transfer rails.

Global Cash Access on Solana

MoneyGram stated that Ramps is now available to companies and developers building on Solana. The service supports cash deposits in more than 25 countries and withdrawals across more than 170 countries and territories.

Users with supported wallets can deposit cash to obtain digital assets, or convert cryptocurrency into local currency at MoneyGram locations. The system links digital wallets with physical payment points, providing crypto platforms a way to serve customers who depend on cash transactions.

The launch arrives as stablecoins see increasing adoption in payments and remittances. Banks, fintech firms, and payment companies are testing dollar-linked tokens for cross-border transfers and other payment services, areas where traditional remittance corridors have historically carried fees that the World Bank has tracked as persistently above target levels set by the United Nations Sustainable Development Goals.

MoneyGram serves approximately 60 million customers. The company has indicated that blockchain networks can facilitate faster and lower-cost transfers while keeping the user experience straightforward. Chief Executive Anthony Soohoo said the company aims to build a more open global payments network centered on accessibility.

Deepening Blockchain Ties

MoneyGram has spent several years integrating its traditional money transfer network with digital assets. In 2022, the company launched a service with the Stellar Development Foundation that allowed customers to move between cash and Circle's USDC stablecoin.

The company expanded that strategy in June by announcing MGUSD, a dollar-backed stablecoin issued by Bridge on the Stellar network. Bridge is a stablecoin infrastructure company owned by Stripe, which acquired Bridge in 2024 as part of its broader reentry into cryptocurrency payments.

MoneyGram has also deepened its involvement with the Solana network specifically. The company became a Solana validator in June, enabling it to help process and secure transactions on the blockchain.

Additionally, MoneyGram joined Open USD, a Stripe-led stablecoin project that intends to share revenue with a group of partners. The latest Solana launch gives the company another avenue for connecting digital assets with its extensive cash network and widens the range of blocklocks integrated with its infrastructure, following earlier deployments on Stellar.