Moneygram Confirms Partnership with Ripple, XRP Price likely to Surge
12 January, 2018, 00:35 | Author: Samuel Sharp
During the pilot, MoneyGram will utilize XRP, the native digital asset of the Ripple Ledger, with the aim to speed up payment flows through xRapid, Ripple's solution for on-demand liquidity. As part of this agreement, both companies will also explore MoneyGram's integration into Ripple's ecosystem through xVia.
The company says XRP remains the most efficient digital asset for payments with transaction fees at just fractions of a penny, compared to Bitcoin fees of about $30 per transaction.
There is a very important incentive for payment companies to join the blockchain based instant transfers, staying relevant and keeping the business. Also, the average transaction time for settlement for XRP is just two to three seconds. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity.
Banks within the Japan Bank Consortium are one of many institutions that are actively working with Ripple to solve the multi-trillion dollar problem plaguing the financial industry, corporates and consumers worldwide - the lack of liquidity (or cash) to instantly send or receive low-priced global payments.
About RippleRipple provides one frictionless experience to send money globally using the power of blockchain.
Ripple chief executive Brad Garlinghouse also mentioned that the partnership will help demonstrate XRP's usefulness in lowering costs for money transfers between friends and families.
The pilot solidifies the Japan Bank Consortium's commitment to modernize payment systems - specifically in the Japan/Korea corridor where Korea is Japan's third largest trade partner - to send money instantly, removing the need for intermediaries while reducing the cost of sending global payments.
We're excited to announce our new partnership with @Ripple!
Ripple was more appealing than Bitcoin to Moneygram because of Bitcoin's fees. "We're hopeful it will increase efficiency and improve services to MoneyGram's customers", he said. That makes the process for payments costly and slow.
Those with travel plans across the area should pay close attention to later forecasts as snow amounts and location could change. There will be a slight chance of rain showers, possibly some freezing rain late in the day.
The core addition of the patch is an entirely new menu accessed via the Overwatch League button on the main screen. The two-year deal will see the entirety of the first two seasons broadcast across the world, except China.
Dylan wrote on Twitter , "Can one be a "vocal campaigner against sexual harassment" and a vocal supporter of Woody Allen? ". More recently Dylan chastised Blake Lively for hypocrisy after the actress tweeted her support of the Time's Up movement.
Sadly, Cabello said she would have like to stay with the band but it became impossible because she chose to follow her passion. The Loving, but the Times story confirms it was changed so that Cabello could officially wash her hands of 5H drama.
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He had been political director for CBS News since 2011, and an on-air political analyst for CBS News since 2009. In 2015, he was named host of " Face the Nation ", succeeding its legendary host and anchor, Bob Schieffer.
Brent for March settlement climbed 16 cents to end the session at $67.78 a barrel on the London-based ICE Futures Europe exchange. The rise in prices is expected to drive gains in US production during 2018, offsetting curbs by others.
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President Trump plans to attend Davos gathering
Trump waves as he walks across the South Lawn of the White House to depart by Marine One, in Washington, DC, USA, 16 June 2017. Sanders said that Trump would defend his agenda while participating in the forum of global elites.
I'll Sign Any Immigration Bill Congress Sends Me
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