Moneygram soars after announcing Ripple partnership

Price of Bitcoin rival Ripple explodes after potentially historic deal with Moneygram

Because the company just announced that it has struck a deal with money transfer behemoth MoneyGram, a deal that will see the latter use XRP in its payment flows.

The move is significant because the arrangement involves the use of XRP, Ripple's digital currency, which has recently soared in value but also faced questions about its practical uses.

Its transaction fee is just "fractions of a penny" and is much cheaper than the $30 it costs every time you trade in Bitcoin.

Dropbox confidentially files for IPO
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MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family.

Ripple's venture with MoneyGram comes several months after the company announced a partnership with American Express axp . Ripple most recently announced it would be teaming up with Amex and Santander for a blockchain pilot to speed up payments between the US and the United Kingdom. "We're hopeful it will increase efficiency and improve services to MoneyGram's customers", Holmes added.

For MoneyGram, the tie-up with Ripple may provide a way to maintain its share of the money transfer market. Because it has 38.7 billion XRP in circulation, that gain has made it the third most-valuable digital asset, according to CoinMarketCap. Its total market capitalisation now stands at $78.7 billion. These two cryptocurrencies have slipped 7.04% and 9.10%, respectively, within the past day. Today, it is official that MoneyGram is one of them.

27 flu related deaths statewide so far this season
In addition, hand-sanitizer stations are located at hospital entrances and throughout the buildings. She said viruses can live on surfaces up to 24 hours.

Ethereum, on the other hand, is up 19% over the past week, putting it on track to be one of the few cryptocurrencies to finish this week with gains. Other notable coins shedding value on Thursday include Bitcoin Cash, Cardano, and Litecoin.

China´s internet-finance regulator, the Leading Group of Internet Financial Risks Remediation, is reported to have requested local authorities to use measures linked to electricity price, land use, tax, and environmental protection to "guide" bitcoin miners to cease operating. Make sure to follow @ Ryan_McQueeney on Twitter! It's a once-in-a-generation opportunity to invest in pure genius. Click to get this free reportMoneygram International, Inc.

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