Ripple, the firm behind XRP, has announced a partnership for cross-border payments and foreign exchange settlement with MoneyGram – the world’s second-largest transfer service.
xRapid will be used to provide speed and efficiency according to Brad Garlinghouse, CEO of Ripple. Ripple has agreed to provide a capital commitment worth $50 million to MoneyGram. The Ripple-MoneyGram deal comes one day before Facebook will reportedly launch its blockchain project called Libra.
XRP/USD jumped some 6% on the news, hitting a high of $0.4626 before consolidating some of its gains. $0.4647 and $0.4739 are the next levels to watch.
See Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Facebook’s Libra launch is almost here, crypto levels to watch – Confluence Detector