MoneyGram has extended MoneyGram Ramps, its cash-to-crypto and crypto-to-cash API, to Solana, the company said Tuesday. Rift, a self-custody trading app, is the first Solana wallet to integrate it.
Until now, Solana wallets that wanted to route users into MoneyGram's retail cash network had to bridge USDC to Stellar first, through third-party providers such as Allbridge Core or Bridge.xyz, according to MoneyGram's developer documentation. Ramps supported on- and off-ramps only for USDC on Stellar, using the SEP-24 protocol. Going native on Solana removes the bridging step on a chain that holds $15.73 billion in stablecoins, per DefiLlama.
Ramps supports cash deposits in more than 25 countries and cash withdrawals in more than 170 countries and territories. MoneyGram operates nearly 500,000 retail locations and serves more than 60 million customers. The company said developers integrating Ramps get instant API credentials and sandbox access without building banking integrations.
"The future of payments is built on access," said Anthony Soohoo, chairman and CEO of MoneyGram. "Every platform we connect expands the reach of our network."
The launch follows MoneyGram's June 22 move to run a Solana validator and join the Solana Developer Platform, the Foundation's API layer for institutions building payments and stablecoin products on the chain. Mastercard, Worldpay and Western Union are also on the platform, which launched in March. Ramps is now embedded in its payments module.
