MoneyGram Launches Cash-to-Crypto Services on Solana Blockchain
MoneyGram, one of the largest payment networks globally, has launched its cash-to-crypto services on the Solana blockchain, providing a single API for compliant conversions. This service is now live and integrated into the Solana Developer Platform's payments module.
The integration allows developers to obtain instant API credentials, access a sandbox environment, and utilize SDKs and documentation without needing complex banking infrastructure or regulatory hurdles. Cash deposits are available in over 25 countries, while withdrawals can be made in more than 170 countries and territories.
The first Solana wallet to integrate this service is Rift, which enables users to seamlessly transition between cryptocurrency and local currency using MoneyGram’s extensive physical and digital network. This initiative aims to enhance options for remittances, cross-border payouts, payroll for gig workers, and aid distribution by directly linking on-chain flows to cash locations.
Lily Liu, President of the Solana Foundation, emphasized the global reach of this integration, stating, “Solana is infrastructure for the more than six billion people on the internet, powering a faster, more open, global financial system.” She highlighted that connecting Solana’s ecosystem to MoneyGram’s global payments network allows developers to build financial applications with real-world utility on a global scale.
Anthony Soohoo, Chairman and CEO of MoneyGram, noted the importance of access in the future of payments, asserting that expanding their network enhances its value. MoneyGram currently serves over 60 million active customers and operates nearly 500,000 retail locations worldwide.
Updated 11:31 UTC
Recent Developments in Solana
- The Solana price is currently around $77, showing a modest 2% increase over the past 30 days.
- Solana's decentralized exchange (DEX) volume has plummeted approximately 80% from its peak in April 2026, dropping to about $63 billion in July.
- The total value locked (TVL) in Solana's decentralized finance (DeFi) applications has decreased from about $5.29 billion on August 1 to approximately $4.81 billion.
- On-chain signals indicate that existing holders may be preparing to sell, as SOL has been in a falling channel since July 4 with thinning volume.
- Exchange netflow turned positive recently, suggesting that holders might be moving coins to exchanges in anticipation of selling.
- For Solana to shift from a bearish to a neutral outlook, it needs to reclaim the resistance level at $77.72.
- The first support level to watch is $74.57, with potential drops to $71.04 and $69.47 if it fails to hold.
Updated 12:32 UTC
New Insights on Bitcoin Adoption
- As of 2026, 42% of financial advisers can purchase crypto in client accounts, up from 35% in 2024 and 19% in 2023.
- In 2025, 32% of advisers allocated client funds to crypto, an increase from 22% the previous year.
- 64% of advisers using crypto reported client allocations above 2%, compared to 51% in 2024.
- The stablecoin market capitalization grew by approximately 50% in 2025, reaching $317 billion by April 6, 2026.
- The SEC defined tokenized securities as financial instruments represented by crypto assets, expanding the scope of traditional finance's interaction with crypto.
- Proposed rules by the Department of Labor could influence retirement options for over 90 million Americans, potentially allowing for Bitcoin allocations in 401(k) plans.
- A 1% allocation of Bitcoin across all employer-based defined-contribution plans could result in approximately $138 billion in investments.
FAQ
What is the new service launched by MoneyGram?
MoneyGram has launched cash-to-crypto services on the Solana blockchain, allowing users to convert cash to cryptocurrency and vice versa through a single API.
Which blockchain is MoneyGram's cash-to-crypto service integrated with?
The cash-to-crypto service is integrated with the Solana blockchain.
How many countries can users deposit cash in with MoneyGram's new service?
Cash deposits are available in over 25 countries.
What is the first Solana wallet to integrate MoneyGram's cash-to-crypto service?
The first Solana wallet to integrate this service is Rift.
What are the potential use cases for MoneyGram's cash-to-crypto services?
The service aims to enhance options for remittances, cross-border payouts, payroll for gig workers, and aid distribution.
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