Payward Inc., Kraken's parent company, acquired Hong Kong-based payments firm Reap Technologies for $600 million in cash and stock to expand Asian stablecoin infrastructure. Separately, Kraken announced a global partnership with MoneyGram enabling customers to withdraw crypto as fiat currency through MoneyGram's cash pickup network across more than 100 countries, serving millions of Kraken users.
Kraken-MoneyGram partnership
- ▪The Kraken-MoneyGram partnership aims to make it easier for users to convert digital assets into cash
- ▪Crypto exchange Kraken announced a global partnership with MoneyGram
Global network coverage
- ▪Millions of Kraken customers will have access to the crypto-to-fiat withdrawal service
- ▪The Kraken-MoneyGram collaboration will allow Kraken customers to withdraw crypto as fiat currency through MoneyGram's global cash pickup network
- ▪The Kraken-MoneyGram service will operate across more than 100 countries
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