MoneyGram has launched its Ramps cash-to-crypto and crypto-to-cash service on the Solana blockchain, with trading platform Rift as the first wallet integration.
The move extends MoneyGram's payments infrastructure beyond traditional remittances and into blockchain ecosystems where financial activity increasingly takes place.
Rift is the first wallet on Solana to integrate Ramps. Described as an AI-powered trading platform, Rift gives users continuous access to equities, commodities, crypto, and foreign exchange markets, alongside market intelligence and trading signals. Through the integration, Rift users can move funds between crypto and local currency using MoneyGram's network.
Ramps infrastructure and coverage
MoneyGram Ramps is an API designed to allow cash-to-crypto and crypto-to-cash functionality through a single implementation, without requiring partners to build their own banking infrastructure or manage regulatory requirements separately.
Following the Solana launch, developers can access instant API credentials, sandbox environments, documentation, and software development kits, with onboarding available through MoneyGram's partner registration portal. Moreover, Ramps has also been embedded into the Solana Developer Platform's payments module, connecting Solana-based developers with payment flows for their applications.
Part of a wider multichain approach
MoneyGram operates a global payments network spanning hundreds of thousands of retail locations and billions of wallets, bank accounts, and cards. The company has positioned the Solana launch as part of a broader strategy to extend Ramps across multiple blockchain ecosystems, alongside exchanges and wallets, as digital assets take on a larger role in cross-border value transfer.
Anthony Soohoo, Chairman and CEO, MoneyGram, described the Solana integration as a step towards a more interoperable payments network in which value can move between chains, wallets, and currencies. Additionally, Lily Liu, President, Solana Foundation, noted that the integration connects the Solana ecosystem to MoneyGram's payments network, allowing developers to build financial applications with access to fiat conversion at scale.
