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MoneyGram Announced Cooperation With Ripple and Implementation Of The XRapid System

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The world’s largest money transfer system MoneyGram announced a partnership with Ripple. This news was published in the official blog Ripple. The partnership MoneyGram and Ripple will be incredibly beneficial for both companies. XRP tokens and xRapid system, created by Ripple, will allow MoneyGram to solve the problem of liquidity of funds, and will increase the productivity of the work, thanks to the blockbuster.

“Ripple is at the forefront of blocking technology, and we look forward to the launch of the pilot launch of xRapid. We hope that we will be able to improve efficiency and improve the quality of customer service, “said Alex Holmes, CEO of MoneyGram.

This news also had a significant impact on the course Ripple. Now it is trading at $ 2.04, according to Coinmarketcap, rising 1.32%.

Previously, representatives of Ripple have already stated that the company is working on the development of infrastructure for more productive interaction with various financial organizations that want to implement blocking and crypto-currencies in their activities.

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