In Their Own Words: Real Companies Talk Ripple XRP Pilots
Coming off several weeks of intense criticism enterprise blockchain startup Ripple has revealed several clients using its native cryptocurrency, XRP.
With the $15.1 million in Q2, MoneyGram has so far received $43 million for providing liquidity for Ripple’s XRP-based settlement system.
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.
Goldman Sachs and its subsidiaries have sold 9% of their total position in the Ripple-partner MoneyGram – worth approximately $6.5 million.
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.