MoneyGram Now Lets You Buy and Sell Solana With Cash — Here's Why That's a Big Deal
4h ago · 1 source
MoneyGram, one of the world's largest money transfer companies, has expanded its cryptocurrency on-ramp and off-ramp services to include Solana. This means users can now convert cash to SOL and vice versa through MoneyGram's global network of physical locations. The move adds Solana to MoneyGram's growing list of supported cryptocurrencies for cash-based transactions.
WHY IT MATTERS
Imagine you want to buy cryptocurrency but you don't have a bank account or a smartphone app — you just have cash. MoneyGram is like a global network of corner stores where people traditionally go to send money to family in other countries. Now, they're letting people walk in with cash and walk out with Solana (a popular cryptocurrency), or do the reverse — turn their Solana back into cash. Think of it like an ATM for crypto, but at thousands of physical locations around the world. This is important because it makes crypto accessible to people who might otherwise be completely shut out of the digital economy, especially in developing countries where cash is still king.
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