Global Crypto-to-Cash Service Launched on the Stellar Network by‍ MoneyGram

MoneyGram and Stellar Development Foundation (SDF) announced today the initial roll-out of a first-of-its-kind global on/off-ramp service for digital wallets to increase the utility of digital assets by creating a bridge between cash and cryptocurrencies.

The service, a result of the partnership between MoneyGram and SDF announced in October 2021, is now available in a number of key remittance markets, including Canada, Kenya, Philippines and the US, with global cash-out functionality expected to be available by the end of June 2022.