MoneyGram share price rises after Ripple (XRP) pilot announced

Ripple to fall to $1.25

As part of this agreement, both companies will also explore MoneyGram's integration into Ripple's ecosystem through xVia. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe for sourcing liquidity. MoneyGram will tap Ripple's on-demand liquidity product, ‎xRapid, to make blockchain payments commercially available, reducing the time ‎and cost of settlement, while maintaining the level of security.

Ripple's XRP rose 13 percent to $13.38 on Thursday after MoneyGram made the announcement to use its XRP token for worldwide payments.

"The inefficiencies of global payments don't just affect banks, they also affect institutions like MoneyGram".

We're excited to announce our new partnership with @Ripple!

Coli Cases Identified: Consumer Reports Says Romaine Still a Risk to Eat
No common supplier distributor, or retailer of leafy greens has been identified as a possible source of this outbreak. Across Canada and 15 states in the US , including IL , dozens have been infected and two people have died.

National Football League making 3 West Coast teams play London games in 2018
The Green Bay Packers , Carolina Panthers , and the Houston Texans are the only teams that have not played in London. It has not been confirmed which game will be played on Week 7 and which on Week 8.

Mobile's aggressive new smartphone promo includes high-profile iPhone X
Likewise, customers who buy a Galaxy Note 8 , S8 Active , or S8+ will get a $750 discount when they purchase a second phone. Starting this Friday, T-Mobile is offering a Buy One, Get One promo on smartphones from Samsung, LG, and Apple.

The move is significant because the arrangement involves the use of XRP, Ripple's digital currency, which has recently soared in value but also faced questions about its practical uses.

While banks around the world are experimenting with blockchain (the underlying technology behind bitcoin and Ripple) to lower money transfer costs, skeptics of Ripple say its XRP currency is unnecessary to carry out transactions. Ripple provides one frictionless experience to send money globally using the power of blockchain.

Alex Holmes, Chief Executive Officer of MoneyGram, said, "Every day blockchain technology is changing the norm and encouraging innovation. We're hopeful it will increase efficiency and improve services to MoneyGram's customers".

In addition to this recent news, there was an announcement earlier ‎last month that several Japanese credit cards providers and South Korean banks ‎are testing Ripple's systems for cross-border payments.‎. Moneygram International hopes that the move would help transfer money far faster than before, it said in a statement.

Related News:



Most liked

Ricky Martin now married to Jwan Yosef
Ricky and Jwan have been together since 2016, and got engaged in November of that year. Asked if Martin's younger self would be proud of him now, he said: "Now he is proud".

Donald Trump says he would 'beat Oprah' in presidency battle
In previous years, Weight Watchers ran a loss due to free fitness apps and years of many users unsubcribing from the service. DeMille Award and delivered a almost nine-minute speech that received a standing ovation at the Golden Globes .

Women's Working Group Invites Sex Assault Victims to State of Union
When Donald Trump delivers his State of the Union speech, he will have to stare down women who have been the victims of sexual misconduct.

Giant ice cream products were recalled
For more information, call Fieldbrook Foods at 1-800-333-0805 or Giant Customer Service at 1-888-814-4268. Those symptoms include high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea.

Apple to Transfer Chinese iCloud Operation to a Chinese State-Owned Company
Non-Chinese users whose iCloud accounts are registered in mainland China but who aren't living in the country have another option. Apple's Tim Cook spoke at a technology conference in China last month (click on photo above to enlarge).

Hyperkin gets one-up on Nintendo with Ultra Game Boy
We've had the NES Mini, the SNES Mini - and now it's time Nintendo's original Game Boy to make a 21st Century comeback. Shown to Gizmodo at CES 2018 , the Ultra Game Boy mimics the form and function of Nintendo's hit 1990s handheld.

Ford Motor Company set to launch diesel truck
The lawsuit involves F-250 and F-350 Super Duty trucks sold from 2011 and 2017. Bosch is named as a defendant in the proposed class-action case.

Cyberpunk 2077's Twitter Account Teases about the Game?
Cyberpunk 2077 started off as a role-playing game, which is reported to be set in the open sci-fi world of Night City. Fist revealed back in 2013, that's also when communications from Cyberpunk 2077's Twitter account ceased.

Riots in Pakistan over rape and murder of seven-year-old girl
Her family received footage showing her with a stranger near Peerowala Road, a video which has since gone viral on social media. Kasur had earlier hit the headlines in 2015 when a gang of paedophiles running a child sex ring was busted in the town.

Isaiah Thomas was ejected for karate chopping Andrew Wiggins
All in all, it was an ugly performance for both Thomas and his team, who lost 127-99. I mean when guys seen it on film today, it was like, it was obvious.

State Department Rolls Out New Travel Advisory Program
Several European countries that are popular with American tourists were put at the Tier 2 level due to risks related to terrorism. India has been ranked Level 2 (exercise increased caution ) while Pakistan has been places in Level 3 (reconsider travel ).

The Black Widow Movie May Actually Be Moving Forward
Marvel fans no longer have to settle for the upcoming Red Sparrow movie: That Black Widow standalone is still happening. She is perhaps best known so far for the 2009 movie TiMER , a sci-fi comedy that she wrote, directed and produced.

Armed robbers steal millions from Ritz Paris hotel
The Luftwaffe set up their regional headquarters at the Ritz during the Second World War. "Passers-by took refuge in the hotel". Police stand in Rue Cambon at the back entrance of the Ritz luxury hotel in Paris on 10 January, 2018, after an armed robbery.

Steve Kerr Says Steph Curry's Latest Ankle Injury is Not Serious
He's listed at 6-9 (but closer to seven-feet) with a wingspan around 7-4 or 7-5. As for the health of Curry, the injury to his right ankle doesn't sound serious.

Canada increasingly convinced Trump will pull out of NAFTA
If Trump did issue a withdrawal notice, it would open a six-month window before the USA would actually leave the deal. Mexico's Economy Ministry declined to comment on the report, a ministry spokesman said.