MoneyGram Expands Cash and Cryptocurrency Conversion Service to Solana

cryptonews.ruPublicado em 2026-08-11Última atualização em 2026-08-11

Resumo

MoneyGram has expanded its "Ramps" service for cash-to-crypto conversion to the Solana blockchain. The move extends its existing service from the Stellar network, making Solana the second supported blockchain. The integration enables wallets, exchanges, and developers on Solana to offer users the ability to convert between fiat currency and cryptocurrency through MoneyGram's vast retail network, which serves over 60 million customers across nearly 500,000 locations in more than 170 countries. The Rift wallet has become the first Solana wallet to integrate the Ramps service. Through a single API within the Solana Developer Platform, developers can now incorporate MoneyGram's fiat on- and off-ramp infrastructure directly into their applications, eliminating the need for building custom banking integrations. MoneyGram's expansion onto Solana is part of a broader strategy to embed its services across multiple blockchain ecosystems. This follows the company's move in June to become a validator on the Solana network, staking SOL tokens and processing transactions.

MoneyGram has expanded its Ramps service to Solana. Wallets, exchanges, and developers in this network now have access to converting fiat funds to cryptocurrency and vice versa through the company's payment network.

Ramps previously operated on the Stellar network, making Solana the second supported blockchain network. Rift became the first Solana ($SOL) wallet to integrate the service. Now users can transfer funds between cryptocurrencies and local currencies via MoneyGram.

In a post on X announcing the Solana launch, MoneyGram stated that it serves over 60 million customers at nearly 500,000 retail locations across more than 170 countries. Solana developers gained access to this network through a single API.

Source: Solana

According to MoneyGram, Ramps supports cash deposits in over 25 countries and cash withdrawals in over 170 countries and territories. The service is integrated into the Solana Developer Platform's payments module: developers can add MoneyGram's infrastructure for fiat on- and off-ramps without building their own bank integrations.

The company stated that launching Ramps on Solana is part of a broader effort to deploy the service across multiple blockchain ecosystems. In June, MoneyGram became a Solana validator by staking $SOL and processing transactions on the network. As part of this expansion, the company joined the Solana Developer Platform.

Magazine: Bitcoin will never drop below $60K again: Nansen founder

end-content

Perguntas relacionadas

QWhat new blockchain network has MoneyGram expanded its Ramps service to?

AMoneyGram has expanded its Ramps service to the Solana blockchain network.

QWhat is the core function of the MoneyGram Ramps service on Solana?

AThe core function of the MoneyGram Ramps service on Solana is to enable the conversion of fiat money to cryptocurrency and vice versa for wallets, exchanges, and developers.

QWhich Solana wallet was the first to integrate the MoneyGram Ramps service?

ARift was the first Solana wallet to integrate the MoneyGram Ramps service.

QHow many retail locations does MoneyGram reportedly service globally according to the announcement?

AAccording to the announcement, MoneyGram services over 500,000 retail locations globally.

QBesides launching Ramps, how else has MoneyGram recently engaged with the Solana network?

ABesides launching Ramps, MoneyGram recently became a validator on the Solana network by staking SOL and joined the Solana Developer Platform.

Leituras Relacionadas

Figure Valuation Mismatch: The Market Thinks It's a Lender; It's Become a Toll Collector

Figure is transforming from a traditional, balance-sheet-driven lender into a capital-light marketplace connecting loan originators with institutional buyers. This shift is driven by its Figure Connect platform, launched in June 2024. By Q1 2026, Connect volume surged to $1.6 billion, with partners now contributing 78% of platform flow. This model avoids customer acquisition costs and credit risk for Figure, which earns an approximate 3% platform fee. High-margin platform fees now constitute 28% of revenue, up from 5%, driving significant margin expansion. Despite this business model evolution towards a financial platform akin to Tradeweb or ICE, the market still values Figure like a traditional lender at around 12x EBITDA, overlooking the scalability and superior economics of its asset-light "toll road" strategy. Additional catalysts include the pending acquisition of Kiavi, which will double its first-lien business, and a recovering second-lien HELOC market. However, the thesis depends on sustained pricing power, healthy housing turnover, and the platform's competitive moat against potential AI-driven commoditization of underwriting.

marsbitHá 4m

Figure Valuation Mismatch: The Market Thinks It's a Lender; It's Become a Toll Collector

marsbitHá 4m

OpenClaw Founder Peter Steinberg's Latest Speech: The Life and Death Revelation of an Open Source Project, How OpenClaw Emerged from the Eye of the Storm

Peter Steinberg, founder of the wildly popular open-source AI agent project OpenClaw, reflects on its turbulent journey from creation to near-collapse and resurgence. It began in late 2024 from his personal frustration with sending prompts from phone to computer. He built a WhatsApp relay that felt "magical," but initial excitement was limited to friends. After adding Discord support and launching a public server, the project exploded virally overnight, attracting massive attention, rebranding requests (from "Claudis" to OpenClaw), and even praise from NVIDIA's CEO. The intense scrutiny and pressure nearly broke Steinberg. The biggest technical crisis came from over-optimizing for a specific AI model provider, which suddenly canceled subscriptions, forcing a rushed shift to open-weight models. OpenClaw's weekly downloads plummeted before surging to a record high after being "declared dead." Steinberg realized he had stopped enjoying the build process and using his own product, making it a duty rather than a passion. His key lesson: "Fun is speed." Recovery came by refocusing on building for himself, forming a non-profit, and receiving crucial support (e.g., from NVIDIA for security). The team is now using OpenClaw to build OpenClaw itself, emphasizing its core value: a private, open alternative where "your agent, your machine, your life." He shares insights: the first user should be yourself; balance bug fixes with new features to maintain interest; the current bottleneck is reliable toolchains, especially for Mac testing. His story underscores that creation thrives on personal need, endures through storms when the joy of building returns, and persists by "living in the future and building what's missing."

marsbitHá 13m

OpenClaw Founder Peter Steinberg's Latest Speech: The Life and Death Revelation of an Open Source Project, How OpenClaw Emerged from the Eye of the Storm

marsbitHá 13m

US Stocks and Gold Rise Together, Bitcoin Rebound Absent, Have Bottom Signals Appeared?

While traditional assets like U.S. stocks and gold have rebounded strongly, Bitcoin continues to consolidate without following the uptrend. Since hitting an all-time high near $126,000 in October last year, Bitcoin has remained in a corrective phase, trading between $62,000 and $66,000 over the past month. Although U.S. spot Bitcoin ETFs have seen renewed net inflows recently—with the past week marking the best performance since mid-April—this buying pressure has been insufficient to counter persistent selling from miners and crypto companies. For instance, miner-linked wallets have seen their BTC balance drop by about 72% since late 2021. Some long-term indicators are showing early signs of a potential bottom. Metrics such as Reserve Risk, BTC price relative to its 2-year moving average, and the AHR999 index have entered historically oversold territory, suggesting improved long-term value. However, key indicators like MVRV Ratio, NUPL, and the Fear & Greed Index have not yet reached the extreme levels typically seen at major cycle lows. Furthermore, over 53% of Bitcoin supply remains in profit, and stablecoin liquidity is still contracting, indicating the market may need more time for a full capitulation phase. In summary, while select bottom signals are emerging, Bitcoin lacks the broad-based confirmation needed to declare a definitive cycle low. A sustained recovery will likely depend on continued ETF inflows, a reduction in structural selling pressure, and further deterioration in key on-chain metrics toward historical extremes.

marsbitHá 14m

US Stocks and Gold Rise Together, Bitcoin Rebound Absent, Have Bottom Signals Appeared?

marsbitHá 14m

After Yushu Got Hot, a 68-Year-Old Auto Parts Boss Bet 1.85 Billion

After staying relatively low-profile for years, Shanghai Bate Technology, a traditional auto parts supplier, has recently been thrust into the spotlight as a leading humanoid robotics concept stock. This shift is largely tied to the impending IPO of robotics company Unitree, with which Bate collaborates on prototype development. Bate's founder, 68-year-old Jin Kun, is making a bold bet on this new frontier. The company is investing 1.85 billion yuan to build a major R&D and production base in Kunshan for planetary roller screws—a key component in robot joints. With an annual capacity of 2.6 million sets planned, plus overseas expansion, this represents a massive, forward-looking commitment from a firm whose 2025 revenue of 2.3 billion yuan still relies almost entirely on its traditional automotive business (over 98%). The investment highlights a strategic pivot. Bate aims to leverage decades of expertise in metal processing, precision manufacturing, and heat treatment from the automotive sector and apply it to the burgeoning robotics industry. However, this move carries significant risk. The company has not yet secured formal supplier contracts or begun mass deliveries for its roller screws. It is essentially betting on future demand in a market that remains nascent. The broader industry context adds to the uncertainty. While multiple Chinese manufacturers are racing to invest in similar robotics component capacity (totaling over 6 billion yuan), the downstream humanoid robot market is still in its early stages. Estimates put 2025 global shipments at only around 18,000 units, primarily for entertainment, education, and data collection rather than large-scale industrial use. This creates a critical mismatch: the speed of upstream component factory construction and capital investment is far outpacing the commercialization and adoption of the robots themselves. Bate's story, driven by Jin Kun's decisive gamble, encapsulates the high-stakes transition facing traditional manufacturers seeking a "second growth curve" in robotics—a future full of potential but currently backed more by market anticipation than concrete financial results.

marsbitHá 18m

After Yushu Got Hot, a 68-Year-Old Auto Parts Boss Bet 1.85 Billion

marsbitHá 18m

EIP-8363 Explained: Burning Staking Rewards to Save Ethereum? Independent Node Operators Might Be the First to Leave

Analysis of EIP-8363: A Proposal to Burn Staking Rewards and its Potential Impacts on Ethereum A new Ethereum Improvement Proposal, EIP-8363, has sparked significant debate. Its core mechanism is to progressively burn validator consensus rewards, aiming to reduce the issuance rate to 0% once 50% of the total ETH supply is staked. Proponents argue this would cap the staked ETH ratio, enhancing credible neutrality and censorship resistance by discouraging excessive centralization among large staking operators and liquid staking token (LST) providers. However, a critical analysis suggests the proposal may create more problems than it solves. While it compresses the ETH staking range where profitability turns negative (from 70-100 million ETH down to 50-60 million ETH), it does not fundamentally alter the competitive disadvantage of independent stakers. Due to economies of scale, large operators would still retain advantages in costs and MEV opportunities. Independent stakers are predicted to be the first to face negative real returns under the new curve. The economic repercussions could be severe. A sharp decline in base staking yield would disrupt DeFi ecosystems built around this yield, potentially reversing incentives for borrowing ETH and triggering large-scale unwinding of leveraged staking strategies. This could lead to significant selling pressure on ETH as professional staking operations become unprofitable and exit. The proposal is criticized for being based on uncertain future market equilibriums and for potentially imposing costs that outweigh its stated benefits, without fully addressing the underlying issues of centralization it aims to solve.

marsbitHá 19m

EIP-8363 Explained: Burning Staking Rewards to Save Ethereum? Independent Node Operators Might Be the First to Leave