MoneyGram has become a validator on the Solana blockchain, allowing the remittance company to participate directly in securing the network and processing transactions.
As part of its validator operations, the company is staking Solana's native SOL (SOL) token and processing transaction blocks. MoneyGram also joined the Solana Developer Platform, a program that supports companies building financial applications on the network.
MoneyGram said it now uses blockchain infrastructure and stablecoins across its treasury, product development and payments operations after more than five years of integrating digital assets into its business, which serves more than 60 million customers through nearly 500,000 retail locations worldwide.
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