Saturday, 21 April, 2018

MoneyGram to Pilot Ripple's XRP Token for International Payments

Ripple (XRP) Price Races Past $2.2 As MoneyGram Partnership Announced MoneyGram to Pilot Ripple's XRP Token for International Payments
Elsie Buchanan | 12 January, 2018, 00:35

There is a chance that the pilot project will not see Moneygram adopting the cryptocurrency WXRP, but the two parties will evaluate whether or not the company becomes one of Ripple's payment partners. As part of the agreement, MoneyGram will pilot XRP in their payment flows and also explore integration into Ripple's ecosystem through xVia. Ripple's transaction fees still remain fractions of a penny, while Bitcoin fees are approximately $30 per transaction.

There is a very important incentive for payment companies to join the blockchain based instant transfers, staying relevant and keeping the business. Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour.

MoneyGram is testing a pilot program with one of the most popular cryptocurrencies. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe for sourcing liquidity.

"The inefficiencies of global payments don't just affect banks, they also affect institutions like MoneyGram".

"Our clients can move money as quickly as information", said Ripple CEO Brad Garlinghouse.

Julian Assange denied diplomatic status by British government after Ecuador request
A Foreign Office spokesman said: "The government of Ecuador recently requested diplomatic status for Assange here in the UK". Manning was subsequently pardoned by Obama, but not before being subjected to abuse tantamount to torture in military prison.


While banks around the world are experimenting with blockchain (the underlying technology behind bitcoin and Ripple) to lower money transfer costs, skeptics of Ripple say its XRP currency is unnecessary to carry out transactions.

"Ripple is at the forefront of blockchain technology", Alex Holmes, CEO of MoneyGram, said in the statement.

This strategic partnership will allow Moneygram to understand how blockchain technology and XRP can improve the efficiency of its global treasury operations and consumer experience. The two agreed upon expanding their digital payment methods globally, but the US had blocked it, sending Moneygram shares down over 9 percent.

Worldwide bank payments are slow and the associated fees often remain unknown until after a transaction has reached its final destination.

Recommended

'Camila' review: Camila Cabello's powerful solo debut 'Camila' review: Camila Cabello's powerful solo debut Camila Cabello attends 101.3 KDWB's Jingle Ball 2017 Presented by Capital One at Xcel Energy Center on December 4, 2017 in St. Since striking out on her own, Cabello has learned to do things her way. "And obviously, Blake Lively is a queen".

'Mario + Rabbids Kingdom Battle' (NS) Donkey Kong DLC Coming This Spring - Trailer 'Mario + Rabbids Kingdom Battle' (NS) Donkey Kong DLC Coming This Spring - Trailer Now, in brand new story content, Donkey Kong will be exclusive to this brand new adventure that takes place in a new world. You can read our full review of Donkey Kong Country Tropical Freeze for the Wii U for more details about the game.

New Toyota-Mazda plant will bring 4000 jobs to Alabama New Toyota-Mazda plant will bring 4000 jobs to Alabama That is a strong testament to the quality of the location, resources, people and government leadership that Alabama offers. The plant is set to begin operation in 2021 when it will produce 30,000 vehicles a year and employ 4,000 workers.

One cigarette is enough to make you an addict, says study One cigarette is enough to make you an addict, says study At least 60% of people who try cigarettes once go on to become daily smokers , even if it's temporary, research suggests. Researchers found that around 7 in 10 of those who said they'd ever tried a cigarette went on to smoke daily.

Eric Staal Will Represent Minnesota Wild at NHL All-Star Game Eric Staal Will Represent Minnesota Wild at NHL All-Star Game This season, the 6-foot-1, 200-pound forward has posted 43 points (17 goals, 26 assists) and a plus-19 rating through 45 games. His record is 13-14-2 with a 2.89 goals-against average and a.911 save percentage after winning the last two games.

New Black Panther Featurette Focuses on T'Challa's Responsibilities New Black Panther Featurette Focuses on T'Challa's Responsibilities Civil War cashed in $179 million during its opening weekend two summers back. Ross, Andy Serkis as Ulysses Klaue, and Forest Whitaker as Zuri.

Twitch snags last-minute Overwatch League streaming deal Twitch snags last-minute Overwatch League streaming deal The e-sports competition will feature teams from different cities around the world. However, the matches taking place in China will not be broadcast through Twitch .

Pirates trade pitcher Gerrit Cole to Houston Astros Pirates trade pitcher Gerrit Cole to Houston Astros At this point, the hold up for any team trying to trade for Cole is the Pirates reportedly wanting three top prospects in a deal. Cole, who is under team control for the 2018 and 2019 seasons, is in his second year of arbitration eligibility.

Darrell Bevell Reportedly Fired as Seahawks OC After 7 Seasons with Team Darrell Bevell Reportedly Fired as Seahawks OC After 7 Seasons with Team Atlanta Falcons offensive coordinator Steve Sarkisian is a rumored potential candidate to replace Bevell. We go into a game knowing what the defense is going to give us, the situations we're going to be in".

Issa the second GOP congressman in 2 days to announce retirement Issa the second GOP congressman in 2 days to announce retirement He was first elected in 2000 and in 2010 became chairman of the House Oversight and Government Reform Committee. The National Republican Congressional Committee expressed optimism that the seat will remain red.

Magnitude 7.6 quake strikes off Central America Magnitude 7.6 quake strikes off Central America The danger escalates from a threat, to a watch, to an advisory, and to a warning. The magnitude 7.6 quake struck near the coast of Honduras, according to the U.S.

Sainsbury's enjoys Christmas sales boost Sainsbury's enjoys Christmas sales boost It expects to achieve £80-85m of EBITDA synergies from the Argos acquisition by March 2018 - ahead of the expected £65m. Sainsbury's did not break down the separate like-for-like sales performances of its supermarket and Argos businesses.

Matt Patricia may not be slam dunk as next head coach Matt Patricia may not be slam dunk as next head coach But, of course, so is winning and there certainly isn't a head coaching candidate out there smarter than Patricia . In 2005, he became assistant offensive line coach before he moved to coaching linebackers from 2006 to 2010.

Calvin Ridley will forgo his senior year, enter 2018 NFL Draft Calvin Ridley will forgo his senior year, enter 2018 NFL Draft Ridley, who had 63 receptions for 967 yards and five touchdowns this season, later confirmed his future plans via social media. He could even be a top 10 caliber pick, possessing speed, great hands and excellent route-running ability.

Valencia agree Coquelin deal Valencia agree Coquelin deal Coquelin departs with FA Cup winners' medals for in 2015 and 2017 - and may be heading back to the Champions League . Elneny has participated in only five Premier League games this season, including only two starts.