Ripple (XRP) to the moon?
In light of all the volatility in the market, Ripple delivers good news. Ripple develops its winning case by announcing that they will be partnering up with MoneyGram, but what does this mean?
Well, it means that by having MoneyGram on board which will pilot their new service called Xrapid, shows that there must be something more to Ripple than all the FUD news can confirm. This may lead to more interest from institutions, therefore, removing some of the anxiety people have about buying Ripple. The implementation of the blockchain technology is a step closer to proving its real-world use.
Ripple CEO Brad Garlinghouse, said, "XRP remains the most efficient digital asset for payments with transaction fees at just fractions of a penny, compared to Bitcoin fees of about $30 per transaction. Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour."
There has been a lot of FUD around them and speculation about who they will partner with, I have heard Amazon thrown around quite a lot but, for now, has been confirmed the partnership with MoneyGram will be moving forward.
The chief executive officer of MoneyGram, Alex Holmes, said, "Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid. We’re hopeful it will increase efficiency and improve services to MoneyGram’s customers.”
We all know MoneyGram, and I think this could have a big payoff for Ripple proving to spectators that they mean business, and is not just blowing air up our ... What do you think? Ripple to the moon?
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