Ripple, MoneyGram Announce Partnership to 'Modernize' Payments

Ripple, MoneyGram Announce Partnership to 'Modernize' Payments

Shares of MoneyGram International Inc jumped 10.5 percent on Thursday, after the money-transfer company said it partnered with blockchain firm and bitcoin-rival Ripple. "By using a digital asset like XRP that ‎settles in three seconds or less, our clients can move money as quickly as ‎information."‎.

Investors and traders have reacted positively that the price went up by 20% and many analysts believe the price of XRP token will reach back to $3, which was the price before the coinmarketcap blunder. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity.

The Ripple official twitter handle has tweeted the news that there will be more payment companies like Moneygram joining the usage of XRP in 2018. "We are excited about this pilot and a long-term strategic partnership with MoneyGram".

Dead Koala Screwed to Pole in Australia Park Sparks Outrage
The photo was posted on Facebook by Koala Rescue Queensland , calling on anyone with information to contact Queensland Police. The picture shows the animal with its arms wrapped around the pole and holding a branch of gum leaves.

There is a very important incentive for payment companies to join the blockchain based instant transfers, staying relevant and keeping the business.

About Ripple Ripple provides one frictionless experience to send money globally using the power of blockchain.

Ripple already boasts joint ventures with American Express and Santander.

Donald Trump Administration Plans to Develop More Usable Nuclear Weapons, Loosen Restrictions
If systems went down, then a country believing it is under attack, when it isn't, could launch deadly nuclear warheads by mistake. He said it was unwarranted as the country already had low-yield weapons like gravity bombs and air-launched cruise missiles.

What do you think about XRP, do let us know in the comments.

In addition to this recent news, there was an announcement earlier ‎last month that several Japanese credit cards providers and South Korean banks ‎are testing Ripple's systems for cross-border payments.‎.

Alex Holmes, CEO of MoneyGram said: "Every day blockchain technology is changing the norm and encouraging innovation. We're hopeful it will increase efficiency and improve services to MoneyGram's customers".

Ford Puts Auto Emergency Brakes On Two 2019 Models
A 12-speaker premium audio system by Harman is available, as is the Sync 3 infotainment system with an 8-inch screen. It rides on unique 21-inch wheels and has special design cues on the inside.

Brad Garlinghouse, CEO of Ripple, added: ‎"The payments problem doesn't just affect banks, it also affects companies like ‎MoneyGram, which help people get money to the ones they care about".

Related News:

  • Joe Arpaio Still Thinks Obama's Birth Certificate Was Fake

    Joe Arpaio Still Thinks Obama's Birth Certificate Was Fake

    Before Arpaio announced his bid, Trump showed some support for Arpaio's opponent, former state Sen. Department of Justice. "People are not going to vote for me just being pro-Trump", Arpaio said.
    Ford adds Power Stroke Diesel Option to F-150 Truck Platform

    Ford adds Power Stroke Diesel Option to F-150 Truck Platform

    Ford is, of course, just one of numerous carmakers alleged to have cheated on emissions testing with their diesel engines. This allowed Ford to market both fuel efficiency and power in its vehicles without compromise.
    21 brands of orange cream and ice cream bars recalled

    21 brands of orange cream and ice cream bars recalled

    Healthy individuals may suffer symptoms such as fever, headache, stiffness, nausea, abdominal pain and diarrhea. For additional information, please call Fieldbrook Foods at 1-800-333-0805 ext.
  • Coli Outbreak Tied to Leafy Greens Likely Over, CDC Says

    Coli Outbreak Tied to Leafy Greens Likely Over, CDC Says

    CDC and FDA will continue to update the public as more information on the outbreak source is uncovered. Those samples are "closely related genetically" to the STEC O157:H7 strain from ill persons in Canada.
    Mobile US starts 2-for-1 offer on latest iPhones

    Mobile US starts 2-for-1 offer on latest iPhones

    This BOGO sale trumps their Black Friday promo because for the first time it includes Apple's rarely discounted iPhone X . While everyone else is focused on whether the power is out at CES 2018 , T-Mobile is still getting the ball rolling.
    Standalone Black Widow Movie May Happen with Jac Schaeffer on Script

    Standalone Black Widow Movie May Happen with Jac Schaeffer on Script

    The character is already confirmed to appear in the yet-to-be-titled fourth Avengers movie, which opens on May 3, 2019. Black Widow is reportedly in very early stages of development, and the film has yet to be greenlit.
  • Final Fantasy 12 Remaster Announced For PC, And It Releases Soon

    Final Fantasy 12 Remaster Announced For PC, And It Releases Soon

    Square sought to remedy some of the complaints with additional DLC and a fix-up of some of the more controversial chapters. Compatible with 21:9 ultra-wide monitors - Up to three HD monitors can be used for a potential 48 (16×3):9 experience.
    Google acquired a United Kingdom  startup that turns mobile screens into speakers

    Google acquired a United Kingdom startup that turns mobile screens into speakers

    According to Crunchbase , Redux has also previously raised more than $5 million in funding before it was acquired by Google. As for what Google could do with Redux, the search giant may build smartphones that eschew speakers.
    Facebook testing local news section on its platform

    Facebook testing local news section on its platform

    It's part of Facebook's Journalism Project Initiative, which includes creating local news partnerships as one of its objectives. Eventually, the company hopes to roll it out to more locations and allow users to follow a city they don't reside in.
  • Dark Souls Remastered Announced for Nintendo Switch

    It features Dark Souls Remastered , Dark Souls 2: Scholar of the First Sin , Dark Souls 3: The Fire Fades Edition . Update: Dark Souls Remastered is confirmed to be Xbox One X enhanced and will support 4K resolution .
    The Game Boy is back (sort of)

    The Game Boy is back (sort of)

    The original eight-bit Game Boy sold nearly 119 million units over its 14 year lifespan, and spawned a host of successor consoles. The Ultra Game Boy's dual stereo speakers have also been upgraded to include connections for left and right audio output.
    Meghan Markle deletes social media accounts

    Meghan Markle deletes social media accounts

    Meghan's look is another example of how she might shake up the royal family and bring them up to speed with a new, modern outlook. Her last post on Instagram was a goodbye to her website, The Tig , which she shut down in April of previous year .


Most liked

US Advises Citizens: Avoid Visiting These Five Mexican States
USA personnel had previously been allowed to fly to Ixtapa, the last place in Guerrero where they had been allowed to go. Michoacan was so dominated by a drug cartel that vigilantes took up arms in 2013 to drive them out.

Presents an updated virtual reality headset HTC Vive Pro
It remains unclear whether HTC will manufacture improved controllers or a new SteamVR one will be released. During CES 2018 , TPCast revealed the upcoming second generation of the company's wireless VR system.

Home and Away star Jessica Falkholt dies one day after family's funeral
And while Lars, Vivian and Annabelle are being laid to rest today, it's still unknown how Jessica is recovering from her injuries. Jessica's parents Lars and Vivian were killed instantly in the crash and her sister Annabelle died in hospital three days later.

Mario Tennis Aces: Trailer, Release Date & First Details
The World Ends with You: Final Remix - When this game hit the Nintendo DS in 2008, it was critically acclaimed and loved by fans. Donkey Kong: Tropical Freeze is getting a port to Switch, with a new mode where Kranky Kong can surf easily through obstacles.

A Free Update Is Coming to Super Mario Odyssey Next Month
Players should simply talk to Luigi to start one of two competitive modes; Hide It mode and Find It mode. Nintendo has announced a free new update for Super Mario Odyssey with new modes and outfits.

Bears To Hire Chris Tabor As Special Teams Coordinator
Helfrich enters the NFL after spending some time away from football following a rough 2016 season with the Oregon Ducks . Helfrich worked closely with Heisman Trophy victor and No. 2 overall draft pick Marcus Mariota at Oregon.

Grassley: Hope Trump doesn't call me about Russian Federation probe
And it has hurt our government. "When they have no collusion, and nobody has found any collusion at any level, it seems unlikely you'd even have an interview", Trump pointed out.

Chinese Database of Apple's iCloud to Be Controlled by State-Run Firm
The drastic approach would be to deactivate your iCloud account using a link Apple provides for the goal . At the time Apple was quick to point out that "No backdoors will be created into any of our systems".

Women's Working Group Invites Sex Assault Victims to State of Union
Last year Speier acknowledged that she was a victim of sexual assault on Capitol Hill when she was a young congressional aide. John Conyers, D-Mich., announced days before Franken that he would be retiring after facing allegations as well.

President Donald Trump Isn't Fazed By Oprah Winfrey: 'I'll Beat Oprah'
She is able to transcend the racism that helped elect Trump and which continues to do so much damage to the United States. Trump appeared on Winfrey's long-running talk show in 1988 and again with his family in 2011, during her final season.

Trump dossier author had concerns about Russian blackmail
Simpson acknowledged that he didn't like Trump as a candidate but said his job was to find facts, not to push an agenda. But Simpson declined to talk about the steps he took to assess the credibility of Steele's sources.

Show Information for Dolly Parton's Stampede Pigeon Forge, TN
Many fans were not pleased with the removal of "Dixie", and complained via Twitter. "Dolly Parton's Stampede is about America". Join Dolly Parton's Stampede Dinner Attraction in Pigeon Forge, TN for a family feast and fantastic show fun for all ages.

North Carolina Congressional Map Ruled Unconstitutionally Gerrymandered
The ruling was on a case brought against state lawmakers by Common Cause and the League of Women Voters. General Assembly gavels in at noon on Wednesday for the short legislative session.

Travel warning or alert? US State Department aims to clarify system
The Naxalites have conducted frequent terrorist attacks on local police, paramilitary forces, and government officials, it added. According to the US State Department's website , American citizens should "reconsider travel to Pakistan due to terrorism".

Fired agent denies hidden camera allegations; MLBPA issues suspension
In a statement released to Yahoo Sports, Wood said: "The allegations that have surfaced today are absurd and untrue". Some players have already fired CSE and have hired new representation or are looking to do so in the near future.