Ripple has announced partnership with MoneyGram

In a blog post today, Ripple confirmed that MoneyGram would integrate Ripple’s XRP altcoin into its payment system. The integration, according to Ripple, “allows MoneyGram to solve the age-old liquidity issue most financial institutions face.”

Ripple CEO Brad Garlinghouse commented in company’s blog post announcing the partnership:

“The payments problem doesn’t just affect banks; it also affects companies like MoneyGram, which help people get money to the ones they care about.

By using a digital asset like XRP that settles in three seconds or less, our clients can move money as quickly as information.”

In my personal opinion, I really like how MoneyGram is going to bring awareness of the potential and reliability that the Blockchain has to offer.

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