Ripple extends its partnership with the US-based payment service provider. MoneyGram plans to launch additional payment channels based on On-Demand Liquidity. Fintech-startup Ripple invested another $20 million in the American money transfer service MoneyGram, thus closing the deal for a total of $50 million, according to a press release. At the final stage, Ripple acquired MoneyGram shares at $4.10 apiece. Now, a California startup owns 9.95% of the company’s outstanding shares. Our partnership with Ripple is transformative for both the traditional money transfer and digital asset industry – for the first time ever, we’re settling currencies in seconds. This initial success encourages us to expedite expanding our use of On-Demand Liquidity. Partnerships with companies like Ripple support innovation and allow us to invest in creating better customer experiences. I anticipate furthering our growth into new corridors and exploring new products and services, said Alex Holmes, MoneyGram Chairman and CEO. Ripple and the American company MoneyGram (NYSE: MGI) concluded their first agreement at the beginning of 2018. MoneyGram started using XRP-based xRapid this summer. Holmes said earlier that 10% of transfers between the US and Mexico are processed by On-Demand Liquidity (ODL), using Ripple’s XRP token. By the end of the year, the company plans to expand the use of ODL by adding four payment channels. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP Futures: a move higher is not ruled out FX Street 3 years Ripple extends its partnership with the US-based payment service provider. MoneyGram plans to launch additional payment channels based on On-Demand Liquidity. Fintech-startup Ripple invested another $20 million in the American money transfer service MoneyGram, thus closing the deal for a total of $50 million, according to a press release. At the final stage, Ripple acquired MoneyGram shares at $4.10 apiece. Now, a California startup owns 9.95% of the company's outstanding shares. Our partnership with Ripple is transformative for both the traditional money transfer and digital asset industry - for the first time ever, we're settling currencies in seconds. This initial… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
