[ad_1] <br><div><a target="_blank" class="article__lead-img--wrapper" href="https://news.google.com/yuri-molchan" rel="noopener"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2019-11/yuri-ava.jpg" class="author__item-user-avata"/> </a> <div class="article__lead-info"><a target="_blank" class="article__lead-name" href="https://news.google.com/yuri-molchan" rel="noopener">Yuri Molchan</a> <p>MoneyGram has launched new remittance answer in Brazil with assist of Ripple companion</p> </div> </div><div> <div class="article__contents"> <p>Contents</p> <ul class="article__contents-list"><li class="article__contents-item"><a target="_blank" class="article__contents-link link-pseudo" href="#h20" rel="noopener">MoneyGram and Ripple partner collaborating</a></li><li class="article__contents-item"><a target="_blank" class="article__contents-link link-pseudo" href="#h31" rel="noopener">MoneyGram and Ripple's mutual past</a></li></ul></div><p>As reported in a just lately printed <a target="_blank" rel="nofollow noopener" href="https://www.prnewswire.com/news-releases/moneygram-launches-moneygram-online-mgo-website-in-brazil-301707173.html">press release</a>, former Ripple companion <a target="_blank" href="https://u.today/moneygram-acquires-stake-in-ripple-invested-cryptocurrency-cash-exchange" rel="noopener">MoneyGram</a> and certainly one of Ripple's present companions, Frente Corretora, have joined forces to launch a brand new remittance answer in Brazil with zero charges for customers.</p> <h2 id="h20">MoneyGram and Ripple companion collaborating</h2> <p>The brand new service is dubbed MoneyGram On-line (MGO), and it permits prospects to switch cash from Brazil to any nook on the globe to family and friends members at a tempo near actual time.</p> <p>Funds despatched by MGO may be obtained through quite a lot of choices — a deposit on a checking account, a cell pockets or by amassing money from retail factors — all of those are offered by the MoneyGram large.</p> <p>Head of MoneyGram Alex Holmes believes that the launch of this new remittance hall will permit the corporate to extend its buyer base world wide and enhance relations with present shoppers.</p> <p><a target="_blank" rel="nofollow noopener" href="https://ripple.com/ripple-press/ripple-lanca-pagamentos-internacional-via-ativos-digitais-com-o-travelex-bank-no-brasil/">Frente Corretora is one of Ripple's partners</a> in Brazil.</p> <p>The corporate is already properly established in Brazil, boasting greater than 1,000 retailers within the nation, the place retail prospects can ship money abroad, they usually have been working there for 1 / 4 of a century already.</p>
<h2 id="h31">MoneyGram and Ripple's mutual previous</h2> <p>These two firms have been companions for a couple of years, with Ripple pouring massive investments into MoneyGram and shopping for its shares. MoneyGram said that it's planning to start utilizing Ripple's ODL know-how of their remittances, they usually <a target="_blank" href="https://u.today/billions-of-dollars-worth-of-xrp-settled-by-ripple-and-moneygram-brad-garlinghouse" rel="noopener">settled billions of USD using XRP</a>, based on Alex Holmes.</p> <p>Nonetheless, the partnership led to 2021 after the SEC initiated a lawsuit in opposition to Ripple. Then, MoneyGram first suspended the partnership, Ripple dumped all MoneyGram shares it owned and in March the blockchain large formally terminated the partnership.</p> <p>As reported by U.Right this moment, later in 2021, Ripple's rival <a target="_blank" href="https://u.today/ripple-rival-stellar-in-talks-to-acquire-moneygram" rel="noopener">Stellar began negotiating to buy MoneyGram</a>, however the deal didn't work out.</p> </div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiVWh0dHBzOi8vdS50b2RheS9yaXBwbGUtcGFydG5lci1hbmQtbW9uZXlncmFtLWtpY2stb2ZmLW5ldy1yZW1pdHRhbmNlLXNvbHV0aW9uLWRldGFpbHPSAVlodHRwczovL3UudG9kYXkvcmlwcGxlLXBhcnRuZXItYW5kLW1vbmV5Z3JhbS1raWNrLW9mZi1uZXctcmVtaXR0YW5jZS1zb2x1dGlvbi1kZXRhaWxzP2FtcA?oc=5">Source link </a>