MoneyGram International has launched MoneyGram Ramps, a cash-to-crypto on and off-ramp service powered by the Stellar blockchain and USDC stablecoin. The service enables unbanked and underbanked populations to convert physical cash to digital assets at MoneyGram's 480,000+ locations worldwide, addressing the critical last-mile problem in blockchain adoption.
MoneyGram International has built MoneyGram Ramps, a product leveraging the Stellar blockchain to provide cash-to-crypto on and off-ramp services at participating MoneyGram locations across 170+ countries. The service uses USDC, a fully-reserved stablecoin, allowing users without bank accounts to deposit cash and receive USDC in their digital wallets, or withdraw USDC back to physical cash. By integrating with SEP-24 (Stellar Ecosystem Proposal-24), digital wallets can connect directly to MoneyGram's retail network. This solves the last-mile problem for the roughly 2 billion unbanked and underbanked workers globally who rely on cash. The service has already achieved $29M+ in payment volume across 21 integrated wallets, demonstrating real-world blockchain adoption for financial inclusion.
