Ripple to cooperate with MoneyGram

While the price of Ripple is not the highest at the press time, the expectations of Ripple’s team from the newly-signed partnership with MoneyGram might be very high. The latter company is one the world leaders in cross-border payments, and this is exactly what the developers of Ripple want to research and develop. MoneyGram is not going to use the cryptocurrency itself, but rather, the blockchain structure connected with it:

“Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid. We’re hopeful it will increase efficiency and improve services to MoneyGram’s customers,” said the leader of the world’s number two cross-border payment company.

The blockchain of Ripple is extremely attractive for banks of the world and especially Asian banks, but the New York Times lately put this stereotype in doubt by telling that in reality, the quantity of banks using XRP is much lesser than estimated. This might have contributed to the downfall of Ripple, which lately tripled in price from $1 to $3.

The blockchain of Bitcoin, however, cannot boast with such attractiveness for banks, but Bitcoin is already more institutionalized and, of course, much more famous than Ripple, which looks promising and still has a big room for development.