Kraken and MoneyGram partner to turn crypto into cash at global scale

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.

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