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stockvaper

09/07/20 3:30 PM

#18896 RE: laraz5 #18886

I don't understand why you would exclude an infusion from a strategy that's working.

Ripple's $50 Million Investment in MoneyGram Is Fueling XRP Usage

The controversial cryptocurrency is currently being used more than Bitcoin and Ethereum combined.

"Ripple's On-Demand Liquidity (ODL) solution leverages its controversial XRP digital token to "send money globally, instantly, and reliably for fractions of a penny." MoneyGram is currently processing 10% of its Mexican peso foreign exchange transaction volume through ODL. It also recently began using the technology in other cross-border corridors.

"Last month, we announced that MoneyGram began using On-Demand Liquidity for payments to the Philippines, and we're excited to support MoneyGram's further expansion into Europe and Australia," Ripple CEO Brad Garlinghouse said. "Digital assets and blockchain technology have the potential to make a tremendous impact on cross-border payments -- MoneyGram and Ripple is an example of that."

Partnerships like the one with MoneyGram are helping to fuel usage of Ripple's digital currency. XRP transactions recently rose to new highs above 4 million per day, dwarfing that of popular cryptocurrencies Bitcoin and Ethereum."

https://www.fool.com/news/2019/12/01/ripples-50-million-investment-in-moneygram-is-fuel.aspx