MoneyGram has launched its crypto on- and off-ramp service on Solana, letting people on the network move between digital assets and physical cash through the payments company’s global network.
MoneyGram is a payments firm with more than 85 years of experience, serving over 60 million customers through nearly half a million retail locations worldwide.
Its product, MoneyGram Ramps, is a tool that lets apps connect users to cash-to-crypto and crypto-to-cash services, a “ramp” being the bridge between traditional money and digital assets.
Solana is a blockchain network built for fast, low-cost transactions, which has made it one of the most active networks for payments, trading, and stablecoins.
“By connecting our ecosystem to MoneyGram’s global payments network through MoneyGram Ramps, developers are able to more easily build financial applications with real-world utility at global scale,” said Lily Liu, president of the Solana Foundation, the nonprofit that supports the network.
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How the service works
Ramps is built as an API that lets other apps plug into MoneyGram’s network without building their own banking systems or handling complex regulation.
According to MoneyGram, it supports cash deposits in more than 25 countries and cash withdrawals across more than 170 countries and territories.
For Solana developers, the company said the tool is also built into the Solana Developer Platform’s payments module, meaning builders can add cash-to-crypto features directly into their apps.
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Rift becomes the first wallet on board
Rift, an AI-powered trading platform offering access to equities, commodities, crypto, and foreign exchange, is the first Solana wallet to integrate Ramps. MoneyGram framed it as the start of wider adoption across the network.
The launch extends MoneyGram’s push beyond traditional remittances as more financial activity shifts onchain.
“The future of payments is built on access,” said Anthony Soohoo, chairman and CEO of MoneyGram, adding that each new platform the company connects expands its network’s reach.
The service is now live on Solana.
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This story was originally published by TheStreet on Aug 11, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.