MoneyGram Just Chose Solana for Its Future Payment Infrastructure

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Highlights

MoneyGram became an active Solana validator, strengthening its long-term blockchain payments strategy.
The company also joined Solana Developer Platform to build future financial products faster.
Solana becomes MoneyGram's third validator network after Tempo and Midnight Network.

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Global payments giant MoneyGram has stepped into blockchain payments by becoming a validator on the Solana network. Following this, MoneyGram has also joined the Solana Developer Platform. The decision places MoneyGram deeper inside the Solana ecosystem as it looks to build faster and more efficient cross-border payment services.

MoneyGram Joins Solana as Validator

On 22 June, MoneyGram announced that it is now an active validator on Solana, allowing the company to help process transactions, stake SOL tokens, and support the network’s security.

The move also makes Solana the third blockchain where MoneyGram operates an official validator, alongside Tempo and the Midnight Network.

Anthony Soohoo, CEO and chairman of MoneyGram, said the company sees blockchain as an increasingly important part of the global payments industry.

“As blockchain infrastructure becomes increasingly important to global payments, we believe institutions that rely on these networks should also contribute to their security, resilience, and long-term development.”

He added that becoming a validator allows MoneyGram to contribute directly to the strength of the ecosystem while supporting the technology it uses.

Additionally, the company has also joined the Solana Developer Platform (SDP), giving it access to tools and infrastructure used by developers and financial institutions building products on Solana.

Five Years of Building Blockchain Payment Solutions

The latest move builds on more than five years of MoneyGram’s efforts to integrate blockchain technology into real-world payment services.

MoneyGram has already launched several blockchain-focused products. Its MGUSD stablecoin was developed with partners including Bridge, Crossmint, Fireblocks, M0, and Stellar. Since 2021, the company has worked with Stellar to launch stablecoin on- and off-ramp services, APIs, and in-app stablecoin balances.

More recently, MoneyGram expanded its crypto services through a partnership with crypto exchange Kraken.

Why Solana Matters to MoneyGram

MoneyGram’s decision shows a growing trend of traditional financial companies moving beyond simply using blockchain networks and becoming active participants in them.

By joining Solana as both a validator and infrastructure partner, MoneyGram gains a direct role in the network’s future while positioning itself to build new payment products on blockchain rails.

For Solana, adding a global payments company with operations spanning more than 200 countries. The move also strengthens Solana’s push to attract major financial institutions looking for faster and lower-cost payment infrastructure.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.