Independent coverage says the network could reach nearly 500,000 locations globally, though Kraken’s own blog emphasizes “hundreds of fiat currencies” and “more than 100 countries” rather than that exact count.
The main benefit is better access to cash off-ramps, especially in places where bank rails are limited or bitcoin ATMs face restrictions. It also shows that crypto usability is increasingly tied to regulated payment infrastructure rather than purely peer-to-peer transfers
The service is being rolled out in phases across the United States, Europe, Latin America, Africa, and parts of Asia Pacific. Kraken says the broader partnership may later expand into local bank deposits and remittance-style flows.
This is the biggest news we've got so far
Kraken and MoneyGram partner to turn crypto into cash at global scale
byu/Specialist_Key6832 inBitcoin
Posted by Specialist_Key6832
4 Comments
This is more significant than the headlines suggest.
MoneyGram spent 80 years building cash distribution into places banks never reached – pharmacies, corner shops, markets where the nearest branch is hours away. Kraken plugging into that network solves the last-mile problem crypto has never cleanly fixed.
Bitcoin ATMs are mostly a US and Western Europe story. Expensive, regulated, increasingly restricted. MoneyGram’s agent network sidesteps all of that because it runs on compliance infrastructure regulators already understand and trust.
Latin America and Africa are where this actually matters. Dollar access, remittance corridors, inflation hedging in local currency. Europe and the US are there for the press release. The real impact plays out in markets where people already use MoneyGram because they have no better option.
The expansion into local bank deposits and remittance flows is the bigger story if it happens. That’s not a crypto product – that’s crypto as a settlement layer with regulated cash rails on both ends. That’s been the ten-year promise. This partnership has the physical infrastructure to actually try it.
Biggest caveat is execution. These deals look great on paper. Watch the rollout pace, not the announcement.
Hmmmm not that big a deal (just the name i guess)
Zypto app (https://ref.zypto.com/XJXEdT0grPb) already is partnered and been partnered with moneygram and has let youu do this for a while now….. shame no one says about it lol
All in the app as well as bill payments, mobile top ups, gift cards, virtual and physical visa cards one time use and reloadable ones…… go have a look and find out more at zypto.com. you may be pleasantly surprised.
Zypto is the official partner of Moneygram do about 2years now. They also reward holders for participating. Check it out. Zypto.com
Kraken should white label Zypto. I can make intro