The MoneyGram payment company has officially expanded its Ramps service to the Solana network. Cryptocurrency wallets and exchanges have gained access to the conversion of fiat funds. Users can now freely transfer money between cryptocurrencies and local currencies. The Ramps service previously operated exclusively on the Stellar network. The Solana blockchain has become the second supported network for this product. The Rift wallet was the first to integrate the new service among Solana projects. The developers gained access to the global payment network through a single API. MoneyGram serves more than sixty million active customers worldwide. The organization has almost five hundred thousand retail service points. These branches operate in more than one hundred and seventy countries around the world.

The Ramps service supports cash deposits in twenty-five countries. Cash withdrawals are available in over one hundred and seventy countries and territories. The product is fully integrated into the Solana Developer Platform payment module. Developers can add MoneyGram infrastructure for depositing and withdrawing funds. They no longer need to create their own complex banking integrations. This significantly simplifies the process of developing new financial applications. Users get quick access to familiar ways of working with cash. The traditional financial infrastructure is becoming available for decentralized applications. Cryptocurrency projects gain access to a huge audience of ordinary customers.

The launch of Ramps at Solana has become part of the company's large-scale strategy. MoneyGram aims to implement its service in several blockchain ecosystems simultaneously. In June, the payment giant became a full-fledged validator of the Solana network. The company has placed SOL tokens in staking and is processing transactions. MoneyGram has officially joined the Solana Developer Platform program. Traditional financial companies are actively integrating with modern blockchain networks. The cryptocurrency industry gets access to a proven global payment infrastructure. Users can convert digital assets into cash through their usual branches. The cryptocurrency payments market continues to actively develop and expand. Technology companies are blurring the boundaries between traditional and digital finance.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.