Ripple announced partnership with MoneyGram

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2018-01-12
Ripple announced partnership with MoneyGram

On January 11, Ripple, a real-time gross settlement system (RTGS), currency exchange and remittance network, started cooperation with the world-famous payment platform MoneyGram.

 

 

 

 

 

 

 

 

 

 

Ripple commented that MoneyGram would incorporate Ripple’s native cryptocurrency XRP into its payment platform. The cooperation with MoneyGram “allows MoneyGram to solve the age-old liquidity issue most financial institutions face”, – said the representative of Ripple.

“The payments problem doesn’t just affect banks; it also affects companies like MoneyGram, which help people get money to the ones they care about. By using a digital asset like XRP that settles in three seconds or less, our clients can move money as quickly as information.” – Ripple CEO Brad Garlinghouse.

Besides the partnership with MoneyGram, Ripple also announced about cooperation with The Bill and Melinda Gates Foundation (Mojaloop open-source payments software).

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