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Home/News/MoneyGram Becomes Solana Validator, Plans Blockchain-Based Cross-Border Payments
CoinGape·6h ago·positive

MoneyGram Becomes Solana Validator, Plans Blockchain-Based Cross-Border Payments

MoneyGram has become a validator on the Solana network and joined the Solana Developer Platform, signaling a major step by a traditional payments giant into blockchain infrastructure for cross-border payments.

  • MoneyGram is now an active Solana validator, helping process transactions and stake SOL tokens
  • The company also joined the Solana Developer Platform for access to blockchain tools and infrastructure
  • Solana is the third blockchain where MoneyGram operates a validator, alongside Tempo and Midnight Network
  • MoneyGram already has its MGUSD stablecoin and has worked with Stellar since 2021
  • CEO Anthony Soohoo said institutions relying on blockchain should contribute to its security and development
techdefiImpact 7/10
Why our editor rated this positive

A major traditional payments company becoming a validator on Solana is a strong signal of institutional adoption and real-world blockchain utility, which is positive for the entire crypto industry.

Read the full story at CoinGape

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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