MoneyGram Ramps Goes Live on Solana for Cash-to-Crypto Services

What Happened

MoneyGram announced on August 11, 2026, that its "Ramps" service is now operational on the Solana blockchain. This product functions as a developer API designed for converting physical cash into cryptocurrencies and vice versa. Solana wallets, exchanges, and applications can now utilize this service through a single API integration.

The integration allows users to deposit cash in over 25 countries and receive stablecoins directly into their Solana wallets. Conversely, individuals can send stablecoins and withdraw local currency in more than 170 countries and territories. This network encompasses nearly 500,000 retail locations and serves approximately 60 million customers. Rift, an AI-powered trading app, is the first Solana wallet to integrate with MoneyGram Ramps.

Why It Matters

Historically, integrating fiat connectivity into cryptocurrency platforms has been a complex and time-consuming process for developers, requiring extensive negotiations for banking relationships, licensing, and compliance across different markets. MoneyGram Ramps aims to simplify this by consolidating these complexities into a single API. This allows development teams to enable cash-in and cash-out services without needing to establish their own direct banking or payout relationships.

For emerging markets, where access to traditional banking services is limited, physical retail locations serve as the primary entry point for financial transactions. Data indicates a significant number of unbanked adults in low and middle-income economies rely on such access points to fund digital wallets. Furthermore, the service has the potential to reduce remittance costs, as stablecoin settlement can significantly compress transfer fees, with MoneyGram facilitating the final mile of cash distribution.

Key Facts

• MoneyGram Ramps is now live on the Solana blockchain as of August 11, 2026.
• The service acts as a developer API for cash-to-crypto and crypto-to-cash conversions.
• Users can deposit cash in over 25 countries and receive stablecoins in their wallets.
• Users can send stablecoins and withdraw local currency in over 170 countries and territories.
• The service utilizes MoneyGram's network of nearly 500,000 retail locations and approximately 60 million customers.
• Rift, an AI-powered trading app, is the first Solana wallet to integrate with the service.
• The supported stablecoin for conversions is USDC.