By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the case, the partnership doesn’t, for example, mean that you’ll be able to buy and sell XRP at any MoneyGram location. Something along those lines would
Ripple just announced a major new partnership with MoneyGram that will see the latter pilot xRapid and XRP.
When leading cryptocurrency price aggregation site CoinMarketCap removed South Korean exchanges from its price calculations earlier this week, the prices of many of the major assets in the sector took a hit.
None more so, however, than Ripple (XRP).
Ripple went for around $ 3.65 apiece back on January 6 but dipped to well below two dollars midsession on Wednesday as markets responded to the seeming correction (which was, in reality, driven by the CoinMarketCap move as opposed to a shift in sentiment).
Bitcoin is poised to disrupt the financial sector, and money remittance services will be among the first to feel the wrath of borderless digital currencies. Servers like Western Union and MoneyGram are the top contenders in the remittance sector, yet that paradigm might be about to shift sooner rather than later. That being said, MoneyGram isn’t feeling the pressure just yet.
Hive, one of the many Bitcoin startups around the world looking to unify financial services with blockchain technology, recently won the finals of Fintech Americas, an important event in the world of finance. Even though this competition was designed to find the “next big thing” in the remittance sector, Hive offers a lot more functionality than just that.