One of the world's largest money transfer systems, MoneyGram, announced a partnership with Ripple's financial solutions provider, which will use XRP tokens in its processes.
— Brad Garlinghouse (@bgarlinghouse) 11 января 2018 г.
To this end, MoneyGram will use the Ripple system xRapid.
According to the company's message, thanks to this, MoneyGram will be able to solve the liquidity problem, which is traditionally faced by most financial institutions, while saving time and money. At the same time, MoneyGram customers will be able to send funds in real time with full transparency and reliability of the process.
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.
Chief executive officer, MoneyGram
The news about the partnership between Ripple and MoneyGram immediately led to an increase in the price of XRP on stock exchanges - for a short period of time the weighted average rate of the coin, previously lowered to $ 1.62, rose above $ 2.
Ripple Price Chart
At the moment of press, these are the main market parameters of XRP:
- Average Price $2.09
- Market Cap $81 116 278 523
- 24h Volume $6 353 130 000