Ripple Marks 300 Clients – MoneyGram Expands XRP-Powered Product
Ripple and XRP are gaining more and more interest these days, as the company continues to make successful moves.
Ripple has more than 300 clients
Ripple fans can celebrate after the favorite fintech just announced that they have over 300 clients who are using the cross-border tech in order to move money across borders.
“We have also seen 10x year-over-year growth in transactions on RippleNet, our global network of banks, financial institutions, and payment providers that sends money globally, instantly and reliably for fractions of a penny.”
During this year’s Swell 2019 conference in Singapore, the company marks the one-year mark of its XRP-based cross-border payment solution xRapid aka On-Demand Liquidity (ODL).
Ther company also flaunted a quote from MoneyGram’s CEO, Alex Holmes, who announced the expansion of ODL.
“One of the core strengths of MoneyGram is our global liquidity and settlement engine that enables our customers to send money in over 200 countries and territories. Our partnership with Ripple has helped us to improve this strength, and we’ve already started seeing the product’s potential to streamline our back- end capabilities,” according to Holmes.
Holmes continued and said that for the very first time, MoneyGram is able to settle currencies in a matter of seconds and due to such great results, “we’re expanding our partnership with Ripple and are excited to announce that we have started executing foreign currency trades with the Philippine peso using ODL.”
Ripple adoption is on the rise
The adoption of XRP and XRP-based products continue, and Ripple has been making sure of this.
Earlier today, we just reported that Ternio’s Visa debit card called BlockCard is now supporting XRP.
This will allow users to deposit digital assets and make purchases anywhere where Visa is accepted.
“We asked-you told-we listened. Ternio is excited to announce that Ripple’s XRP is now an accepted currency for use on Blockcard.”
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.