The partnership enabling conversion of digital assets into cash through MoneyGram’s global network follows a similar move by rival Western Union.
Kraken has teamed up with MoneyGram to let users convert crypto into cash for pickup across more than 100 countries, expanding access to off-ramps through its global retail network.
According to Tuesday’s announcement, Kraken users will be able to convert digital assets into local currency and collect cash instantly or near-instantly through MoneyGram’s payout network, which supports hundreds of fiat currencies.
The service will roll out in phases across regions including the US, Europe, Latin America, Africa and parts of Asia-Pacific, with plans to add bank deposits and cross-border payouts later.
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