title: Stellar (XLM) Launches MoneyGram Ramps API to Democratize Cash-to-Crypto On-Off Ramping

(XLM), often seen as a competitor to XRP in the blockchain-based payments space, has made a bold move into the on-off ramping business with the launch of MoneyGram Ramps

Stellar (XLM) is venturing into on-off ramping services with MoneyGram Ramps, a new API developed to connect cash and cryptocurrency ecosystems.

Stellar, often viewed as a competitor to XRP in the blockchain-based payments domain, is making a bold move into the on-off ramping business with the integration of MoneyGram Ramps. This initiative aims to simplify the process of converting cash to crypto and vice-versa.

Stellar’s X Handle Unveils MoneyGram Ramps for Seamless Cash-to-Crypto Integration

Stellar announced the launch of MoneyGram Ramps, a developer-centric application programming interface (API) that enables easy integration with cash and cryptocurrency ecosystems. The integration is powered by the Stellar network and requires minimal coding, making it simpler than ever before.

MoneyGram Ramps: A Simple Integration for Cash and Crypto

The official release notes that MoneyGram Ramps, powered by the Stellar network, allows users to convert cash into digital assets like USDC- or withdraw crypto as cash—without requiring a bank account.

This developer-friendly API, which requires just a few lines of code to implement, leverages MoneyGram’s global footprint across over 180 countries, making it easier for digital wallet providers to offer on-off ramping services at physical locations.

The move aligns with Stellar’s core mission of financial inclusion, targeting the 1.4 billion unbanked adults worldwide, as highlighted in a 2023 report. By removing banking dependencies, Stellar aims to empower underserved populations to participate in the digital economy.

Unlike XRP, which primarily serves financial institutions for cross-border settlements, Stellar’s approach with XLM focuses on democratizing access to financial services. Stellar’s blockchain offers low-cost, near-instant transactions, positioning it as a more energy-efficient alternative to platforms like Bitcoin.

This latest development builds on Stellar’s earlier collaboration with MoneyGram in 2022, which introduced USDC cash transactions, and now expands its utility by simplifying the integration process for developers.