MoneyGram CEO praised Ripple.
Ripple, one of the largest blockchain companies in the world, signed a partnership with MoneyGram, one of the world's largest in its field, in late 2019. MoneyGram, one of the largest remittance payment companies in the US and the world , received millions of dollars in payments through this partnership, most of which were made with XRP . Ripple has been criticized a lot for exactly this reason. But it seems that things have finally started to go the way XRP investors wanted.
Ripple Praise from MoneyGram CEO
MoneyGram CEO and President Alex Holmes, in an interview conducted recently drew attention to the important steps taken by MoneyGram Ripple's horse. Speaking to CNN, Alex Holmes stated that as the partnership was ending 18, the number of new online customers increased by 140% and application usage increased by 220%. In addition, the payment company said they had three-digit cross-border payment growth for 11 consecutive months.
When the popularity of MoneyGram and its money transfer application is combined with Ripple's blockchain-based infrastructure and XRP, such an outcome is definitely inevitable. The company emphasized that they have achieved growth even during the pandemic, and emphasized that the Ripple partnership benefits both them and Ripple.
The Number of Users is Continuously Increasing
Holmes emphasized that increasing demand from users is transmitted in real time and revenue is generated from them. In this way, the company both provides liquidity to Ripple and supports the growth of the partnership. In addition, the CEO of MoneyGram stated that the Ripple infrastructure of the two companies and the ODL corridors have seen a major activation. The ODL corridor, where billions of dollars of XRP was transferred, has grown a little bit more with the name of MoneyGram.
Stating that Ripple has accomplished incredible things thanks to blockchain technology, Holmes stated that this will develop further and the name of the company will be heard. Ripple, whose total valuation exceeded $ 10 billion last year, has already proven itself in the US. However, it is seen that the company has become one of the stars of its field on a global scale.
XRP Price Also Moved
Ripple's increasing success in its field could save its business model from being XRP-based. It is predicted that this will also prevent heavy XRP sales. XRP price, on the other hand, rose up to $ 0.56 thanks to the Bitcoin price increase as well as this positive development.
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