Kraken Partners With MoneyGram for Crypto-to-Cash Withdrawals Across 100+ Countries

Kraken announced a partnership with MoneyGram that will let users withdraw crypto as cash at MoneyGram agent locations in more than 100 countries. The service will roll out in phases across the United States, Europe, Latin America, Africa, and parts of Asia-Pacific. Market-wise, the deal is notable because it strengthens crypto’s real-world utility by making it easier for users to convert digital assets into fiat without relying on a bank account. It also expands Kraken’s reach beyond trading and gives MoneyGram a new crypto-linked use case, potentially supporting broader adoption of digital assets in everyday payments and remittances. The phased rollout suggests a cautious approach to compliance and operations.