MoneyGram, a peer-to-peer payment firm, has joined the Solana Network (SOL) as an active validater.
MoneyGram is also joining the Solana Developer Platform, following the lead of Mastercard Worldpay, and Western Union. This was announced by the Solana Foundation. announcement.
MoneyGram, a global payment service provider with a history of working in partnership with cryptocurrency firms and blockchain technologies, has made significant investments into the technology. collaborating Kraken is a digital asset exchange that was only launched last month.
MoneyGram’s chief executive Anthony Soohoo said the Solana Partnership represents the latest steps in integrating Blockchain into the company’s payment infrastructure.
“We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access. Building that future requires compliance, regulatory clarity and operational scale. MoneyGram brings all three. We’re helping make blockchain infrastructure a core part of global money movement.”
Catherine Gu is the head of product at the Solana Foundation (digital assets) and says that MoneyGram will bring one of most extensive global payment networks into the SDP.
“Built over 85 years, MoneyGram serves more than 60 million active customers through nearly half a million retail locations and billions of digital endpoints. Through SDP, they can further extend that network on-chain–making money movement seamless for their customers wherever they are and in whatever form of money they need.”
At the time of this writing, Solana’s native asset SOL is currently trading at $72.66. Market cap-wise, the 7th-ranked cryptocurrency asset has dropped more than 2.5% over the last 24 hours. It’s also down nearly 3.5% for the week.
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