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Ripple (XRP) partners with Moneygram to speed up money transfers

Ripple (XRP) found a non crypto partner – MoneyGram, one of the world’s largest money transfer companies. Today both companies announced their starting friendship. According to the public announcement, both partners will seek to speed up money transfers.

Value for customers

In an official statement says, that MoneyGram will access and use XRP, the native digital asset of the XRP Ledger, in their payment flows through xRapid, Ripple’s on-demand liquidity product.

“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”, – tweeted Brad Garlinghouse, CEO of Ripple.

Till the honeymoon?

Will it last till the honeymoon? Let’s see. We have some thoughts on what cryptos to follow in 2018. However, Cryptotato.com believes this partnership has a strong ground, but still doubts whether this friendship will be sustainable. Share your opinion in the comments field.

Ripple offers product to send money globally using the power of blockchain. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.

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