MoneyGram Opens Solana Cash-Out Across 170 Countries

What happened

On 10 August 2026 MoneyGram launched its Ramps crypto‑to‑cash service on the Solana blockchain, allowing users to deposit cash in more than 25 countries and withdraw cash in over 170 countries and territories.

Confirmed

Global impact / market context

The launch gives millions of users a simple way to turn cryptocurrency into local cash, leveraging Solana’s low‑cost, fast network; this could boost crypto adoption and increase transaction volume for both MoneyGram and the Solana ecosystem.

Analyst inference

Crypto‑to‑cash services are expanding as digital assets gain mainstream use, but many providers face high fees and limited reach; Solana offers a cheaper alternative, while regulators worldwide are closely watching cross‑border cash flows.

Analyst inference

What to watch

1. User adoption rates for MoneyGram’s Ramps service, indicating how quickly customers shift from traditional cash transfers to crypto‑backed options. Analyst inference
2. Changes in Solana network transaction volume and fee levels, showing whether the service drives more activity on the blockchain. Analyst inference
3. Regulatory responses in key jurisdictions, especially any new rules on crypto‑cash conversions that could affect service availability or compliance costs. Analyst inference

Affected assets

• SOL — Solana

Evidence

• coinpaprika.com