CiNKO Expands Digital Payments with MoneyGram Integration

The Costa Rica-based global digital payments platform CiNKO is revolutionizing the way financial transactions are executed across borders. It paves the way for users to perform instant cross-border financial transactions through cryptocurrencies. By announcing its integration with MoneyGram’s Crypto-to-Cash Global Service, CiNKO aligns with the financial technology giant that connects global communities, alongside the Stellar Development Foundation (SDF), a nonprofit organization supporting the development and growth of the Stellar network.

CiNKO’s platform fosters secure financial transactions, enabling users to conduct instantaneous cross-border transfers, efficient payment distributions, and accurate payment processing using traditional rail systems, stablecoins, and more. The co-founder and CEO of CiNKO, Richard Douglas, remarked that this expansion represents a significant step towards bridging the gap between physical and digital currencies in a manner unprecedented in its scale. He further highlighted the enhancement of the digital wallet’s capabilities; powered by Stellar’s Blockchain and MoneyGram’s extensive global retail network, CiNKO users can now load their digital wallets to tap into the digital economy or cash out their cryptocurrencies to maximize their asset utility.

With the integration into MoneyGram’s extensive global network, CiNKO users gain access to a broader range of international money transfer options. Sending and receiving funds across countries is becoming more convenient and accessible than ever before. “This integration strongly aligns with our mission to increasingly democratize access to money, especially for those who are underserved for one reason or another,” Douglas stated. The service is now available on the CiNKO platform, which users can download from the Google Play Store and Apple App Store.