Share this article
MoneyGram to Pilot Ripple's XRP Token
International money-remittance firm MoneyGram is partnering with Ripple to test the startup's XRP token for international payments.
By Nikhilesh De
Updated Sep 13, 2021, 7:22 a.m. Published Jan 11, 2018, 3:05 p.m.
International money-remittance firm MoneyGram is partnering with Ripple to test the startup's XRP token for international payments.
According to a press release, MoneyGram will test Ripple's xRapid service due to its claimed speed and cost efficiency. The release noted that XRP transaction fees are significantly less than those of the bitcoin network.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While existing money transfer companies need to have pre-funded accounts in different nations to ensure they are able to facilitate transactions, using XRP means the company can directly transfer funds from one country to another instead, Ripple chief executive Brad Garlinghouse said.
Garlinghouse continued:
"The inefficiencies of global payments don't just affect banks, they also affect institutions like MoneyGram. ... By using a digital asset like XRP that settles in three seconds or less, they can now move money as quickly as information."
The companies will also test Ripple's other products, including xVia, according to the release.
MoneyGram CEO Alex Holmes said the company looks forward to using xRapid in its pilot program, adding: "We're hopeful it will increase efficiency and improve services to MoneyGram's customers."
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
MoneyGram image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
