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Kraken collaborates with MoneyGram to launch fiat currency withdrawal channel.

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PANews
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3 hours ago
AI summarizes in 5 seconds.

PANews May 5 news, according to Fortune, cryptocurrency exchange Kraken announced a partnership with payment network MoneyGram, allowing users to directly exchange cryptocurrencies for fiat cash at nearly 500,000 offline locations in over 100 countries worldwide. This service aims to address the long-standing "withdrawal difficulties" faced by cryptocurrency users, especially in regions with unstable banking systems or significant fluctuations in local currencies. Users can quickly convert digital assets to cash at MoneyGram locations and pay a floating exchange rate fee to complete the withdrawal.

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