Kraken Partners With MoneyGram To Enable Crypto-to-Fiat Withdrawals in 100+ Countries
- Kraken’s partnership with MoneyGram will allow users to withdraw crypto as fiat in over 100 countries.
- Users can access payouts in hundreds of fiat currencies, with many transactions processed instantly.
- The initiative aims to address the challenge of reliable off-ramps for digital assets into local currency.
- Initially, the service will support users in the US, Europe, Latin America, Africa, and parts of Asia Pacific.
This collaboration integrates Kraken’s exchange infrastructure with MoneyGram’s payments network to enhance financial accessibility. By bridging digital assets and traditional finance systems, the companies aim to foster greater financial inclusion globally.
The partnership is expected to expand beyond cash withdrawals to include local bank deposits over time. This move could significantly improve how users interact with digital assets and traditional currencies. (Source)
