MoneyGram (MGI) Reports Strategic Partnership with Ripple

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Go back to MoneyGram (MGI) Reports Strategic Partnership with Ripple

MoneyGram Announces Strategic Partnership with Ripple

June 17, 2019 4:31 PM EDT

DALLAS, June 17, 2019 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), one of the world's largest money transfer companies, announced today that it has entered into a strategic agreement with Ripple, a provider of leading enterprise blockchain solutions for global payments, that will enable MoneyGram to utilize Ripple's xRapid product, leveraging XRP in foreign exchange settlement as part of MoneyGram's cross-border payment process. The partnership supports the companies' shared goal of improving the settlement of cross-border payments by increasing efficiency and reducing cost through RippleNet.

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