"Through this partnership, millions of our customers will be able to withdraw crypto as cash in hundreds of fiat currencies, spanning more than 100 countries worldwide, using Moneygram's extensive global cash pickup network."
"The arrangement also supports instant or near-instant cash payouts, improving usability for customers who need local currency."
Kraken has formed a global partnership with Moneygram to facilitate crypto-to-cash withdrawals through an international pickup network. This service allows customers to convert digital assets into local currency across hundreds of fiat currencies in more than 100 countries. The initial phase focuses on enabling customers to withdraw crypto as cash through their accounts. The partnership aims to connect Kraken's exchange and compliance infrastructure with Moneygram's regulated payment systems, enhancing usability for customers needing local currency.
Read at news.bitcoin.com
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