MoneyGram To Reveal The Huge Impact Of Crypto And Blockchain During Ripple’s Swell Conference
The crypto space has been embracing a lot of successful events this year, and the interest in crypto and Bitcoin has been on the rise, despite the extremely volatile crypto market.
There have been a lot of moves that took place which boosted interest in the digital assets and their underlying technology as well.
The impact of crypto and the blockchain tech is enormous
Now, Ripple said that MoneyGram CEO W. Alexander Holmes would highlight the impact of digital assets and the blockchain tech during the firm’s upcoming Swell conference in Singapore.
The two companies teamed up in July and it’s also worth noting that Ripple bought $30 million of shares in MoneyGram at a price which, according to the latest reports coming from the online publication the DailyHodl, was $4.10 a share.
MoneyGram is working to implement Ripple’s On-Demand Liquidity
Now it’s been also revealed that MoneyGram is working to implement Ripple’s On-Demand Liquidity solution aka xRapid, which uses XRP to power fast, cheap and secure cross-border payments.
In a recent earnings call, Holmes talked about the company’s early experience with XRP.
“I am so excited to announce today that MoneyGram is now live and transacting on the Ripple xRapid platform,” he said.
He continued and explained that “We started executing trades earlier this week, and all signs point to this being a tremendously beneficial relationship for all parties involved. We are literally settling currencies in seconds, and to quote my friend Larry, ‘This is really cool.’”
Speaking of the adoption of XRP, this has been increasing in 2019, and Ripple made sure of that.
For instance, one move worth mentioning is that Ripple’s Xpring is investing about $750,000 into the mobile wallet provider BRD.
BRD is one of the fastest developing mobile crypto wallets. It has over 2.5 million users who are located in 170 countries.
XRP will be integrated into the BRD wallet.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.