Home Ripple roars above $0.46 on MoneyGram partnership on forex settlements and cross-border payments
Crypto News

Ripple roars above $0.46 on MoneyGram partnership on forex settlements and cross-border payments

FX Street
Updated:

Ripple, the firm behind XRP, has announced a partnership for cross-border payments and foreign exchange settlement with MoneyGram – the world’s second-largest transfer service.

xRapid will be used to provide speed and efficiency according to Brad Garlinghouse, CEO of Ripple. Ripple has agreed to provide a capital commitment worth $50 million to MoneyGram. The Ripple-MoneyGram deal comes one day before Facebook will reportedly launch its blockchain project called Libra.

XRP/USD jumped some 6% on the news, hitting a high of $0.4626 before consolidating some of its gains. $0.4647 and $0.4739 are the next levels to watch.

XRP MoneyGram deal surge June 18 2019

See  Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Facebook’s Libra launch is almost here, crypto levels to watch – Confluence Detector

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024