Peer-to-peer payments company MoneyGram is joining the Solana (SOL) network as an active validator.
MoneyGram will also join the Solana Developer Platform (SDP), following in the footsteps of Mastercard, Worldpay and Western Union, according to the Solana Foundation. advertisement.
MoneyGram has invested in blockchain technology and partnered with cryptocurrency companies for years, cooperation With digital asset exchange Kraken as recently as last month.
MoneyGram CEO Anthony Soho says the Solana partnership represents the latest step in integrating blockchain into the company’s payment infrastructure.
“We believe the future of the global money movement will be built on open, interoperable stablecoin paths that are accessible to anyone, anywhere. Building this future requires compliance, regulatory clarity, and operational scale. MoneyGram brings together all three. We are helping to make blockchain infrastructure an essential part of the global money movement.”
MoneyGram brings one of the most expansive global payment networks to SDP, says Katherine Gu, Head of Product (Digital Assets) at Solana Foundation.
“Built over 85 years, MoneyGram serves more than 60 million active customers through nearly half a million retail locations and billions of digital endpoints. With SDP, they can expand that on-chain network even further – making the movement of money seamless for their customers wherever they are and with whatever form of funds they need.”
Solana’s original asset, SOL, is trading at $72.66 at the time of writing. The crypto asset, which ranks seventh by market capitalization, has fallen by more than 2% in the past 24 hours and by almost 3.5% in the past week.
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