MoneyGram announced that they’ve agreed to a deal with blockchain company Ripple that involves an investment of up to $50 million. MoneyGram will use Ripple’s XRP technology to handle cross-border transfers of digital funds for at least two years under the deal.
After a rumor broke out yesterday that a California-based crypto start-up Ripple has acquired the major US-based money transfer company MoneyGram, both companies refused to comment. Still, even the rumor was enough for XRP price 8% boost.
Coinhako announced listing XRP on its platform and mentioned the XRP pairings with SGD, IDR, and VND.
According to Gareth Wilson, the managing director of global payments at Accenture, this year bring even higher gains to Ripple.
UnionBank of Philippines in partnership with Coins.ph will make it possible to use crypto ATMs to trade digital assets for Philippine Pesos.
The new Accelerator program aims at incentivizing financial institutions to use and promote Ripple’s blockchain solutions and strengthen the XRP market.
London-based Euro Exim Bank will become the first bank to publicly announce using the XRP cryptocurrency for cross-border payments. Meanwhile, RippleNet managed to achieve next milestone scoring 200 consumers worldwide.
Compared to its peers, Bitcoin and Ethereum, Ripple has the wealthiest community in terms of project support. There is no doubt that throughout this year, Ripple has shown that it can bring the biggest names to its list of followers.
XRP has been pretty much asleep for a very long time and as we are approaching the end of 2018, the much-needed news about Ripple’s partnerships with major financial institutions have started erupting in the crypto-space.
TIPS aims to offer low-fee instant settlements in Euros to customers across the continent. Eurozone bank customers will be able to access TIPS 24 hours a day to enjoy easy and secure payments – similar to Venmo in the United States.