MoneyGram Joins Solana Network as Active Validator

MoneyGram has joined the Solana Network as an active validator and participant in the Solana Developer Platform (SDP), following in the footsteps of Mastercard, Worldpay, and Western Union.

The move marks a significant step in integrating blockchain technology into MoneyGram's payment infrastructure, according to Chief Executive Anthony Soohoo. He stated that 'the future of global money movement will be built on open, interoperable stablecoin rails' and that MoneyGram is helping make this vision a reality by providing compliance, regulatory clarity, and operational scale.

Solana Foundation's head of product (digital assets), Catherine Gu, noted that MoneyGram brings one of the most expansive global payment networks to the SDP. With over 60 million active customers through nearly half a million retail locations and billions of digital endpoints, MoneyGram can extend its network on-chain and make money movement seamless for its customers.

The Solana native asset (SOL) is currently trading at $72.66, down more than 2% in the past 24 hours and nearly 3.5% in the past week.