Moneygram launched an application programming interface (API) designed to facilitate developers to integrate crypto functionality on / off ramp.
With the new RAMPS MONYGRAMPortfolios, exchanges and fintech applications can allow integration in accordance with cash and crypto-to-Cash via a single implementation, said the company in a Friday May 2. press release.
“With this launch, Moneygram quickly becomes the connective tissue between traditional finance and the digital economy,” said Moneygram CEO Anthony Soohoo said in the press release. “We have removed the complexity of integration, opening the door to a transparent connection with the largest species on the ramp / off-breast in the world for digital wallets.”
Moneygram ramps allow cash deposits in more than 30 countries and cash withdrawals in more than 170 countries; Eliminates the need for developers to create personalized infrastructure or navigate regulations; And allows developers to complete the sandbox configuration in as little as five minutes, depending on the press release.
The solution is fueled by the Stellar Blockchain, Circle‘s USDC Stablecoin and the global Moneygram network, according to the press release. It allows users to deposit or withdraw money from the world of money in the world.
“We are empowering the next wave of entrepreneurs to create financial tools for everyone – including the 1.4 billion adults in the world Luke Tuttle said in the press release.
The launch of Moneygram Ramps follows the introduction of other new offers and partnerships in April.
April 21, provider of payment card and safety solutions Composition said that she had integrated his Arculus Cold storage wallet with Moneygram access, allowing users to convert physical money into Digital USDC stables and to withdraw money in MoneyGram in the world.
The company also declared on April 17 that it had partnered with Plaid In the United States, to allow MoneyGram customers to use PLAID technology to help authenticate their bank accounts, allowing faster and safer funding for domestic and cross-border payments.
On April 2, Moneygram implemented MOVE MASTERCARDA portfolio of money transfer solutions, to facilitate the movement of digital money at the national level and through borders. The company said that this integration allows its customers to use any American emitted MasterCard Map to send funds to 38 eligible reception markets and receive money thanks to almost 10 billion additional parameters worldwide.
