MoneyGram enables crypto-to-cash transfers via Solana network

MoneyGram International has partnered with Solana-based wallets and applications to enable crypto-to-cash transfers through its global payout network. The collaboration allows users to convert digital assets into local currencies and withdraw funds at MoneyGram locations worldwide.

The service leverages Solana’s blockchain infrastructure to facilitate near-instant transactions, targeting cross-border payments across more than 200 countries and territories. MoneyGram’s network includes 380,000 agent locations globally, providing cash pickup options for recipients.

The integration aims to bridge the gap between decentralized finance and traditional financial systems, offering a seamless conversion path for users holding Solana-based tokens. MoneyGram did not disclose financial terms or specific launch timelines in its announcement.

The move follows growing institutional and consumer interest in blockchain-based payment solutions, particularly in regions with limited access to traditional banking infrastructure. Solana’s low transaction costs and high throughput are cited as key advantages for scaling cross-border remittances.

MoneyGram’s expansion into crypto-enabled services aligns with broader trends in digital asset adoption by legacy financial institutions. Competitors such as Western Union and PayPal have also explored similar integrations to cater to evolving payment preferences.