MoneyGram Shares Jump on Partnership with Bitcoin-Rival Ripple
hello everyone,
Shares of MoneyGram International Inc <MGI.O> jumped 10.5 percent on Thursday after the money-transfer company said it partnered with blockchain firm and bitcoin-rival Ripple
As part of the arrangement, Moneygram will test the use of Ripple’s cryptocurrency, XRP, to move funds in a faster and cheaper way.
Ripple, created by the founder of bitcoin exchange Mt Gox, has risen 31,000 percent over the past year, overshadowing bitcoin’s 1,200 percent increase.
XRP rose to $2.25 during trade on Thursday, according to coinmarketcap.com.
Many see it as a close contender to bitcoin, which is by far the biggest cryptocurrency with a market value of more than $250 billion. (http://reut.rs/2D0S11W)
XRP allows banks and payment companies to send money quickly, no matter the location. Its transaction fee, at just “fractions of a penny”, is also comparable to bitcoin’s $30 per transaction fee.
Several companies such as UBS <UBSG.S> and Santander <SAN.MC> already use Ripple’s products to enable payments. In November 2017, American Express Co <AXP.N> also launched an instant blockchain-based payment system using Ripple.
China’s Ant Financial‘s deal to buy MoneyGram for $1.2 billion collapsed last week.
Get inspired and highly motivated through our real-life experiences and Millionaires who have made in Life, all information shared at our blogs (www.gimhstore.com/blog). You're an entrepreneur, student, investor, and whatever your profession may be, i assure you that you are in the right place to get motivated and inspired to become whom you want to be in Life ... visit our blog @ www.gimhstore.com
Follow us @ :
Instagram: gimh07
facebook: https://www.facebook.com/globals.gimh.9
Pinterest: https://ru.pinterest.com/gimhstore/
https://www.trepup.com/gimhstore/
https://www.youtube.com/channel/UCR0U7P54Jmf9ddwfYZaGKYQ
visit our blog: www.wisdom4winning.tk
subscribe to our newsletters at www.gimhstore.com and gain an entry into our free online courses on how to build your online business and get our eBooks for free
You have products to sell? you want to advertise or purchase high-quality products, visit our online shop at www.gimhstore.com
source: https://omgnews.today/moneygram-shares-jump-partnership-bitcoin-rival-ripple/