MoneyGram Allegedly Sells its XRP Incentive Payments Quickly

2020-3-24 01:30

Forging crucial partnerships is mandatory in the cryptocurrency industry. Ripple has done so with MoneyGram, and it seems this collaboration benefits both parties equally.

MoneyGram is using XRP through the On-Demand Liquidity venture.

MoneyGram Doesn’t Hold on to XRP Payments

This helps the remittance provider to provide faster and cheaper money transfer options.

Additionally, MoneyGram has also received a lot of XRP from Ripple as part of the latter company’s investment strategy.

So far, roughly $11.3 million of those XRP have been sold.

How these tokens are sold exactly, remains a bit unclear.

It seems unlikely that regular exchanges are used, although little information has been provided in this regard.

Selling these XRP received from Ripple is only to be expected. 

It now seems that MoneyGram sold these “incentive payments” as soon as they came in last year.

Such a strategy is not uncommon among companies receiving digital assets.

Moreover, it would appear that the remittance provider will keep liquidating all XRP incentive payments coming in in the future.

How Ripple feels about this particular development, is anyone’s guess.

It is plausible that some of Ripple’s other partners maintain a very similar approach.

If the money received is not of immediate use to them in its current form, converting it to avoid price volatility is an advisable course of action.

The post MoneyGram Allegedly Sells its XRP Incentive Payments Quickly appeared first on NullTX.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0817 (-1.34%)
Объем 24H $5.812b
Изменеия 24h: 1.71 %, 7d: -10.49 %
Cегодня L: $2.0147 - H: $2.1391
Капитализация $119.508b Rank 4
Цена в час новости $ 0.1592 (1207.6%)

moneygram xrp collaboration seems both on-demand liquidity

Источник: nulltx.com

moneygram xrp → Результатов: 126


Фото:

MoneyGram Slapped With Class-Action Lawsuit For Issuing Misleading Statements Concerning XRP

The fiasco surrounding the legal status of Ripple’s cryptocurrency XRP continues to unfold as a new lawsuit filed against MoneyGram puts pressure on the case. MoneyGram, presently the world’s second-biggest money transfer service provider, is being sued for allegedly making false statements regarding its relationship with Ripple and also for failing to reveal that XRP […]

2021-3-3 20:56


Компания MoneyGram намерена использовать XRapid для трансграничных денежных переводов

17 июня компания Ripple объявила о своём партнёрстве с компанией по валютным переводам MoneyGram и возможности инвестирования в неё $50 млн. В свою очередь, MoneyGram должна использовать XRP в своих повседневных операциях.

2019-6-18 13:52


Фото:

У Ripple появился еще один стратегический партнер

В рамках стратегического партнерства, криптовалютная платформа Ripple заключила соглашение с командой системы денежных переводов MoneyGram. Сделка подразумевает задействование последним продукта xRapid, работающего на базе токенов XRP, а также продажу акций компании на определенную сумму.

2019-6-18 12:47


MoneyGram задействует XRP в своей коммерческой деятельности

Криптовалютная компания Ripple анонсировала партнерство с крупной международной системой денежных переводов MoneyGram, в которую планируется инвестировать около 50 миллионов долларов США. В свою очередь MoneyGram внедрит криптовалюту XRP в основные аспекты своей коммерческой деятельности.

2019-6-18 10:39


Ripple может инвестировать $50 млн в систему MoneyGram, которая использует токен XRP

Калифорнийский финтех-стартап Ripple объявил о заключении стратегического партнерства с одной из крупнейших в мире систем денежных переводов MoneyGram, в рамках которого взял на себя обязательство вложить в нее вплоть до $50 млн посредством покупки акций.

2019-6-18 10:27


Фото:

Ripple прорабатывает: Вероятность покупки MoneyGram и Ripple Switzerland GmbH

#Ripple_News_на_русском #Ripple_XRP_Новости_сегодня Ripple прорабатывает отличные стратегии для постепенного достижения лидерства в финансовой отрасли. Особенности задумок Ripple привлекают внимание множества различных организаций.

2019-6-7 17:56


Фото:

Western Union Blockchain Patent, What Does This Mean For Ripple XRP

In February of this year, Western Union CEO Hikmet Ersek confirmed that his company was indeed experimenting with Ripple’s products for settling transactions and capital optimisation. This came a month after Ripple, which is striving to become the top-name in global money transfers, announced several high-profile partnerships including the potential tie in with Western Union’s rival, Moneygram.

2018-7-16 06:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP volume soars 120% on XRPL meme token KCUP surge

Ripple’s XRP displays recovery signals after significant declines, down 7% lower on the weekly chart. According to Coinmarketcap, the token’s trading volume exploded by 122% to $5. 45 billion within the past 24 hours.

Will XRP price surge in 2025 if the SEC approves Ripple ETF?

XRP price continues to slowly form a bullish pennant chart pattern as expectations of the Securities and Exchange Commission approving a Ripple ETF rise.  Ripple (XRP) price was trading at $2.2 after falling 25% from its highest point this year,…

Why meme coins are fading this cycle: A tale of Bitcoin and the others

Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains and the meme coin category, or the “other tokens” hit a key milestone, crossing a market capitalization of $100 billion. 

Coinbase, Ripple bosses see massive wealth surge post Trump’s victory: report

The recent US elections have delivered significant financial windfalls for leaders in the crypto space, with some seeing their fortunes soar by billions. A report by CoinDesk reveals that key players such as Coinbase’s Brian Armstrong and Ripple’s Brad Garlinghouse have experienced massive gains following Trump’s victory.