• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Breaking News: Crypto Exchange Binance To Launch Prepaid Card In This South American Country
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Exchange Binance To Launch Prepaid Card In This South American Country
Advertisement

Ripple Just Silenced Its Critics With MoneyGram Partnership

Samuel Rae by Samuel Rae
5 years ago
in Ripple, Altcoin News, Markets and Prices, News, News teaser
0
Advertisement

Ripple just announced a major new partnership with MoneyGram that will see the latter pilot xRapid and XRP.


When leading cryptocurrency price aggregation site CoinMarketCap removed South Korean exchanges from its price calculations earlier this week, the prices of many of the major assets in the sector took a hit.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.

None more so, however, than Ripple (XRP).

Ripple went for around $3.65 apiece back on January 6 but dipped to well below two dollars midsession on Wednesday as markets responded to the seeming correction (which was, in reality, driven by the CoinMarketCap move as opposed to a shift in sentiment).

Today, however, Ripple is very much back in favor.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Why?

Because the company just announced that it has struck a deal with money transfer behemoth MoneyGram, a deal that will see the latter use XRP in its payment flows.

Ripple just announced a major new partnership with MoneyGram

A Pilot Program

The development is based around MoneyGram running a pilot program of Ripple’s xRapid technology, which is the platform that allows for real-time foreign exchange (FX) settlement and is the platform that Ripple has been shopping to a host of major banking and financial institutions globally over the last 12 months or more.

There have been concerns, however, that even if these financial institutions decide to incorporate xRapid into their operations, XRP might not play a part in Ripple’s long-term growth.

Which is why the recent MoneyGram partnership is so important.

The counterargument to the suggestion that financial institutions won’t use XRP and, in turn, will develop their own cryptocurrency to facilitate payment flow within the xRapid platform, is that it’s far easier and cheaper for them to adopt XRP, given its native capabilities within the platform in question.

And the fact that MoneyGram has taken on both xRapid and XRP validates this argument.

We’re proud to work with companies like @Moneygram that value innovative payments solutions – and we'll continue to champion xRapid with customers that value improved speed and cost. https://t.co/zXOoVft9eq

— Brad Garlinghouse (@bgarlinghouse) January 11, 2018

MoneyGram’s Take

Here’s what Alex Holmes, CEO of MoneyGram, had to say on the news:

Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid… We’re hopeful it will increase efficiency and improve services to MoneyGram’s customers.

As the news hit the press, shares of MoneyGram have increased considerably, with the company currently trading for $13.07 a share – up nearly 10% on its close price on Wednesday. Interestingly, however, XRP has so far failed to respond to the news to any substantial degree.

We may see the latter run into the end of the day as the cryptocurrency markets absorb the development and its implications for Ripple as a company and XRP going forward.

What do you think about XRP? Does it have a place in the financial sector going forward? Let us know below!


Images courtesy of Mike Mozart/Flickr, AdobeStock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Samuel Rae

Samuel Rae

Related Posts

Ripple x Montenegro

Ripple Lands New Country For A Stablecoin Pilot Project, XRP Involved?

9 hours ago
WhaleAlert Discovers Large XRP Moves, What Does It mean?

Whale Alert Discovers Large XRP Moves – What Does It Mean?

2 days ago
Ripple XRP Ledger decentralized

Ripple Hits New UNL Decentralization Milestone, Here Are The Participants

4 days ago
Ripple CBDC UK

Ripple Is Hosting A Panel On The Digital Pound, Here’s Why

6 days ago
Ripple XRP Ledger

This XRP Ledger Amendment Goes Live Today, Without Ripple’s Approval

1 week ago
XRP

XRP Tops the Largest Estimated Locked Value With $17.9 billion

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Binance Coin (BNB) Trading Volume Pumps By $7 Million While...

    8 hours ago
  • Polkadot (DOT) sees 5% Growth, why Cardano (ADA) and...

    9 hours ago
  • More than a trillion dollars moved in Litecoin (LTC)...

    9 hours ago
  • Moralis has revealed the integration of Web3 API with Aptos...

    10 hours ago
  • Is Aptos (APT), Solana (SOL), or Snowfall Protocol (SNW)...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.