I know the purists among us hate ripple, and the concerns for the token don't go unnoticed by me. As a matter of fact, I somewhat hesitate to call it a crypto, but I digress. What is important however, is that this move is pretty smart if I may say so myself.

Moneygram is terrible, but

It's a serviced used by so many people all over the US, that I don't know why something like this had not happened before. Truth is that remittances to other countries for people with relatives outside of the US is a daily occurence.

In other words, the market is gigantic, and the idea that someone who is completely computer illiterate being able to use Moneygram to send money to a family member via ripple in seconds sounds pretty good. Now, does this mean Ripple is the only one that could have done this? No, not really, but they have taken the first step, and first mover is somewhat important for the long term game.

Markets are reacting

And not that I'm a TA expert or something, but ripple is due for a pump and has been for a while now. In other words, I would not be surprised if we see a week long run up to 7k sats or so. That being said, anything could happen, these markets are never rational to begin with.

Full Article at CCN

Looking at volumes, they are picking up, and I might take some profit off the table this week after all. Full disclaimer, I do hold some XRP, but very little, just enough to say I'm not a nocoiner.

MenO