Kraken Partners With MoneyGram to Enable Crypto Cash-Outs at 500,000 Locations Worldwide
Bitcoin Magazine
Kraken has partnered with MoneyGram to allow users to convert cryptocurrency into local cash at 500,000 physical locations across more than 100 countries.Summary
Kraken has entered a strategic partnership with MoneyGram, enabling its users to convert digital assets into local currency at nearly 500,000 physical locations worldwide. This initiative addresses the significant friction users face when seeking reliable, accessible cash off-ramps, particularly in emerging markets with unstable local currencies where crypto often functions as a banking alternative. By leveraging MoneyGram's extensive global network, Kraken aims to bridge the gap between digital asset holdings and everyday financial needs. For MoneyGram, the collaboration continues its strategic shift toward integrating stablecoins and crypto infrastructure to modernize its legacy payment services.
(Source：Bitcoin Magazine)