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Ripple partners Moneygram for Asian market, new developments expected

ripple xrp new banking app xumm

Ripple (XRP) has been working towards expansion and in the latest, Ripple partners Moneygram form Asian market. 

On the other hand, Samsung’s payment processor, Sentbe, that is partnering with Money gram has announced to integrate Ripple (XRP) in its plans to exact transactions. This would mean, faster money transfer, currency exchanges on the go and cross border transfer to be done quite easily. All with relative ease.

This is a recipe for success: With Samsung Pay also benefiting from the cross border transaction that Ripple’s XRP will allow its user to make while trusting Moneygrams’s involvement in the matter. The trio is set to make some bold moves.

Here is how things are spread out right now: Moneygram needs a virtual agent and Sentbe will be it’s first. Moneygram has coined the term ‘virtual agent’ and it is they who know what it means. Evidently, a few public announcements in the future are expected from the money transfer firm.

Our guess is as good as yours and it seems to us that the company will be operating as an online branch of money transferring service provider.

The XRP- Moneygram bond was sealed last month and this strategic partnership-, Money gram is Expanding in South Korea.

Ripple committing fifty million dollars ($50M) to the cause is notable. The capital went to Money gram.

Now the service, hand in hand will be delivering users a fast currency transfer system that will convert the currency ass well. The service will be available to users around the clock. Surely, those are the key features that money gram was after when siding with ta digital Ledger technology (DLT) backed system – Ripple.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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