""They want to store in USD or USD equivalent. They want to be able to get yield. They want to be able to do payments. They want to be able to move money back and forth.""
""That off ramp is really important," said Sethi."
""This is just another step in that process of digitizing," said Anthony Soohoo, MoneyGram's CEO."
"MoneyGram has built out a noncustodial crypto wallet and has incorporated stablecoins throughout its operations."
Kraken has partnered with MoneyGram to enable users to convert cryptocurrency into cash more easily. This collaboration addresses complaints from Kraken's customers, particularly those in countries with volatile currencies. Many users treat Kraken like a bank, seeking to store value in USD and perform transactions. MoneyGram's extensive network of nearly 500,000 locations provides users with numerous options for cashing out. This partnership is part of MoneyGram's strategy to modernize its services and adapt to the digital landscape.
Read at Fortune
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