MoneyGram Brings Cash-to-Crypto Ramps to Solana Network
MoneyGram's Ramps service now supports Solana, letting users convert cash to crypto through its global network. Rift wallet is the first to integrate.
MoneyGram has expanded its Ramps service to the Solana blockchain, giving Solana-based wallets and decentralized applications direct access to the payments giant's worldwide cash infrastructure, according to a report from Cointelegraph. The move marks a significant step in bridging traditional money transfer networks with fast-growing Layer-1 crypto ecosystems.
Rift became the first wallet to integrate MoneyGram's Ramps on Solana, signaling early momentum for the rollout. The integration allows users to move funds between physical cash — accessible through MoneyGram's sprawling retail footprint — and Solana-native digital assets, reducing one of the most persistent friction points in retail crypto adoption.
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The expansion reflects a broader industry push to connect legacy financial infrastructure with blockchain rails. MoneyGram, a company historically associated with international wire transfers and remittances, has been actively repositioning itself as a crypto-compatible payments layer. Adding Solana, known for its high throughput and low transaction costs, could attract a new wave of developers building consumer-facing applications that require seamless fiat on- and off-ramps.
For everyday users, the practical implication is notable: depositing or withdrawing cash through a familiar MoneyGram location and having those funds appear in a Solana wallet could lower the bar for participation in decentralized finance. As competition among blockchain networks intensifies, infrastructure partnerships like this one carry real weight in determining where developers and users ultimately land.
Continue reading at Cointelegraph.
