Kraken partners with MoneyGram for crypto-to-cash withdrawals in over 100 countries

U.S. crypto exchange Kraken has partnered with global payments network MoneyGram to launch a service allowing users to withdraw cryptocurrency as cash in over 100 countries, Fortune Crypto exclusively reported. Kraken Co-CEO Arjun Sethi stated that providing fiat exchange access is crucial for people in countries with volatile currencies who use the platform like a bank. The partnership will enable Kraken customers to visit around 500,000 MoneyGram offline locations worldwide to exchange their crypto for local fiat currency.