MoneyGram launches Ramps service on Solana blockchain

MoneyGram has launched its Ramps service on the Solana blockchain, providing a bridge between digital assets and physical cash. Through a single API integration within the Solana Developer Platform, developers, exchanges, and wallets can offer users the ability to convert stablecoins, primarily USDC, into local fiat currency and vice versa.

The service supports cash deposits in more than 25 countries and enables cash withdrawals in over 170 countries and territories. This integration allows blockchain-based applications to access MoneyGram’s global network of nearly 500,000 retail locations without needing to build independent banking or compliance infrastructure.

This move follows MoneyGram’s previous integration of Ramps on the Stellar network. The company has also deepened its involvement in the Solana ecosystem by becoming an active network validator, staking SOL to help secure the blockchain. Rift has been identified as the first Solana-based wallet to integrate the new service.