Kraken Enables Crypto-to-Cash Withdrawals via MoneyGram
Cointelegraph
Kraken has partnered with MoneyGram to allow users to convert cryptocurrency into local cash at over 500,000 retail locations worldwide.Summary
Kraken has integrated with MoneyGram to provide a crypto-to-cash withdrawal service across more than 100 countries. By leveraging MoneyGram’s extensive global payout network, Kraken users can convert digital assets into various fiat currencies for near-instant physical cash collection. Kraken manages user compliance and onboarding, while MoneyGram facilitates the licensed payout infrastructure. This collaboration highlights the growing importance of stablecoins and digital assets in global remittances, positioning Kraken to compete with traditional financial firms like Western Union in the cross-border payment space.
(Source：Cointelegraph)