Kraken has partnered with MoneyGram to let users withdraw crypto as cash at MoneyGram locations across more than 100 countries. The tie-up connects one of the largest crypto exchanges with a global remittance network that already has deep reach in underbanked and cash-dependent markets.
For Kraken, the partnership is a direct bridge between on-chain assets and physical cash — a gap that has long limited crypto's utility for users without easy access to bank accounts or card rails. For MoneyGram, it extends a relationship with the digital asset space it has been quietly building for several years.
The move signals growing confidence that crypto-to-cash corridors are a viable product, not just a niche use case — and puts pressure on competitors to match the coverage.
WuBlockchain
TheBlock