Why Remittance Giant MoneyGram Won’t Be First With Blockchain
MoneyGram still doesn't think bitcoin will impact its business – but it sees blockchain-powered banks as a potential way for it to cut costs.
Ripple now owns nearly 10 percent of MoneyGram's outstanding common stock after completing its $50 million equity investment.
Money transfer giant MoneyGram will use Ripple's xRapid and the XRP cryptocurrency to settle cross-border transactions as part of a new partnership.
Payments firm Ripple has given MoneyGram over $11 million dollars in the past half year, according to regulatory filings with the Securities and Exchange Commission.
Coming off several weeks of intense criticism enterprise blockchain startup Ripple has revealed several clients using its native cryptocurrency, XRP.
International money-remittance firm MoneyGram is partnering with Ripple to test the startup's XRP token for international payments.