MoneyGram has become an active validator on Solana's network, joining Mastercard and other institutional partners in the Developer Platform. This move marks a significant shift for MoneyGram, which has been exploring blockchain technology for over half a decade.
In its new role as a validator, MoneyGram will actively participate in processing transaction blocks and maintaining the security of Solana's proof-of-stake infrastructure. This is a departure from its previous use of blockchain infrastructure as an application on top of it.
According to Luke Tuttle, Chief Product and Technology Officer at MoneyGram, 'We're staking Solana tokens, handling transaction block processing, and contributing to network security at the foundational protocol layer.'