- Ripple and money gram good for growth of ripple.
- Ripple picking up a stake in money gram
Ripple in a major partnership with MoneyGram - Changing the way ripple works
Cryptocurrency Ripple on Monday came up Money Gram, this looks to be a very good partnership and will boost usage of ripple.
The usage of this particular crypto currency is one the rise. One should keep this in mind, that ripple will pay $4.10 cents to acquire in single share in money gram. This is partnership which can really improve the share of ripple in the market and fuel its growth substantially.
This will come to an investment of about $30 million and also an option of infusing $20 million cash in the 2 years. This investment is going to help ripple grow and compete with other crypto currencies. With many crypto currencies in the market ripple was losing its sheen and with this investment it is expected to catch up with others quickly.
Ripple is growing fast and this is great opportunity to go up further in comparison to other crypto currencies. Ripple is something superior if one wants to move money across borders and this can happen very easy with a product called X-Rapid. This is help in overcoming the use of foreign bank accounts. And help the customers in smooth transitions of the working capital. Ripples investment comes in after western union cancelled its alliance with XRapid, as they though it was not fruitful.