MoneyGram’s Main Goal Is To Perfect Instant XRP Remittances
Ripple has been gaining a lot of interest from important names this year, as it’s been boosting its XRP ecosystem.
Various important companies are interested in the San Francisco-based company, and MoneyGram is one of them.
Optimizing the use of XRP
MoneyGram’s CEO said that the company is working in order to optimize and perfect the use of XRP as an engine for moving money across borders.
You probably know by now that MoneyGram teamed up with Ripple and began using its XRP-based payment solution ODL during the past summer.
During a new interview on First Move, Alexander Holmes said that the firm’s experience with crypto and blockchain has eventually convinced him that the tech could transform the cross-border payments industry.
“I think blockchain is an amazingly interesting technology. I think there are questions out there about what is the value and future of cryptocurrencies in that space,” Holmes began.
He continued and said, “We’re using Ripple’s cryptocurrency, for now, XRP, as a medium of exchange to move from dollars to pesos. And XRP sits in the middle. What the value of all that becomes longer term, I think, is interesting.”
Holmes also said that they are working hard on perfecting the model and facilitating the instant flow of funds, “instant money movement with the data and allow a customer in county A to get money into country B seamlessly and efficiently, I think it’s what everyone is demanding.”
We recommend that you head over to the original article by the Daily Hodl in order to learn more details on Holmes’ plans.
XRP in the crypto market
In terms of pricing, XRP did not have the best year and there were no spectacular price moves made by the coin, despite the fact that XRP and Ripple fans have been waiting for a price boost.
At the moment of writing this article, XRP is trading in the green.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.