Just recently, Ripple enthusiasts had a lot to celebrate. Ripple eventually teamed up with MoneyGram and the news is huge for both parties involved.
This massive partnership allows MoneyGram to use xRapid which is powered by Ripple’s digital asset XRP.
Brad Garlinghouse, Ripple CEO addressed the event and explained how this would change the industry:
“The deal is a big step for Ripple, but I think it’s even a bigger step for the overall industry. There’s been a lot of excitement around what blockchain and digital assets and crypto can mean for the industry, and I think it’s the reason why players Facebook are diving in also. But we haven’t yet seen much beyond experimentation,” he said.
Western Union is testing Ripple’s tech
During a discussion about the future of mobile payments hosted by Fortune, Western Union CEO Hikmet Ersek said that the global money transfer service has finished testing Ripple’s solutions for cross-border payments. He also said that they want to explore Ripple further:
“We did a test with Ripple, and we are still doing it. It’s still ongoing. We are looking at it, and we are learning from Ripple… We are in a different position than MoneyGram. We have our own settlement system which is extremely cost-efficient.”
XRP price predictions
At the moment, XRP is trading in the red on CoinMarketCap, and the coin is priced at $0.461019.
As you can see, XRP managed to cross the $0.45 level, and now the next essential level is $0.5.
Since Bitcoin was able to surpass the psychological level of $10k the whole crypto community has been really excited, and more experts are saying that we’re about to witness 2017 all over again.
Analysts also say that we’ll see a new all-time high for the most important coin in the market.
Fergus Reynolds joined Crypto Daily Gazette as managing editor in January of 2018 and is helping to lead the digital media startup’s next phase of expansion. A veteran business journalist with more than 10 years experience economics, Fergus has published content for Huff Post and Buzz Fee and was among the earliest journalists covering bitcoin and the innovations it later inspired. Fergus tells us he has “several” bitcoins.