Ripple Partner MoneyGram Reveals New Initiative With Uber
Ripple made headlines a lot lately due to various achievements and bold plans.
Also, Ripple CEO Brad Garlinghouse said that the US is at risk of falling behind China in the race to launch a robust digital economy considering the rapid advancements in payments tech.
Garlinghouse hopped on Twitter and said that the policymakers in the US would have to step up the game in order to be able to compete.
U.S. regulators: now is the time to step up and lean into digital currencies. Remaining complacent is actually setting us back, while China’s grip on both crypto and fiat payments becomes stronger. https://t.co/NuGmFZmf7x (1/2)
— Brad Garlinghouse (@bgarlinghouse) May 26, 2020
MoneyGram teams up with Uber
It’s been recently revealed that global payments giant MoneyGram is teaming up with Uber to support drivers and delivery couriers who are relying on digital payments to send money all over the world.
It’s been also revealed that Wage earners on Uber’s platform including the Driver app, Uber Eats, Uber Freight, and Uber Works, are now eligible for discounts on digital money transfers, according to the Daily Hodl.
It’s also worth noting the fact that MoneyGram’s extends the discounts to Uber participants who are sending money to family and friends is more than 200 countries and territories – the program is initially rolling out in the US, Canada, the UK, and Australia.
MoneyGram is focused on expanding the digital economy with all of its strategic partnerships.
The partnership is useful for people who send money frequently
The firm’s chairman and chief executive, Alex Holmes, said that this partnership would be beneficial for people who are sending money frequently to friends and family.
Kamila Chytil, MoneyGram chief operating officer and leader of the company’s digital efforts, stated the following:
“As strong demand for our digital capabilities continues to grow, we look forward to providing discounts on all money transfers made through our mobile app and website to everyone earning on the Uber platform.”
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
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.