Money Transfer Giant Moneygram Joins Hands With Ripple in $50 Million Deal

In a move that validated XRP bulls across the crypto community, Ripple announced Monday that it would be making one of its most notable partnerships today, joining hands with MoneyGram. Due to this ostensibly bullish piece of news, which comes amid an ongoing Bitcoin bull run, XRP has surged, outpacing its brethren in the upper echelons of the cryptocurrency market.

Announced Monday via a post to Ripple Insights, the San Francisco-headquartered fintech firm has entered a “strategic partnership” with MoneyGram, one of the world’s largest money transfer companies. This collaboration, currently slated to last for a minimum of two years (contracted), will see MoneyGram utilize Ripple Labs’ technologies and platforms for cross-border payments and foreign exchange settlement.

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