Kraken partnered with MoneyGram to enable users to convert cryptocurrency into cash at nearly 500,000 MoneyGram locations across over 100 countries. The partnership significantly expands crypto off-ramp infrastructure, allowing users to access local fiat currency globally. Kraken Co-CEO Arjun Sethi stated the initiative targets users in volatile markets who rely on crypto for savings and payments.
Kraken-MoneyGram partnership
- ▪Kraken Co-CEO Arjun Sethi stated the partnership targets users in volatile markets who use crypto for savings and payments
- ▪Kraken partnered with MoneyGram to enable crypto cash-outs
Global cash-out network
- ▪The Kraken-MoneyGram partnership enables users to cash out crypto at nearly 500,000 locations
- ▪The Kraken-MoneyGram partnership operates in over 100 countries
Fiat off-ramp infrastructure
- ▪The Kraken-MoneyGram partnership strengthens Kraken's global off-ramp system
- ▪The Kraken-MoneyGram partnership improves access to local fiat currency
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