The money transfer giant announced yesterday that it would start an internal pilot plan to send money around the world, using the Ripple as its internal engine. XRP 2.06 (0.37 21.89%) This announcement caused the price of the XRP to skyrocket and managed to leave $ 1.68 until reaching $ 2.20, then there were fluctuations in the price which led to trading above $ 2.
Today the market dawns more favorable for the Ripple, with a stable trend and inclined to a possible rise in the coming hours, thus giving peace of mind to those who had purchased XRP above $ 2 dollars.
Days ago Ripple had announced that they were working with 3 leading companies in money remittances, at the time it was reserved to say the name of these companies, but we can see that MoneyGram is one of those companies.
This type of strategic alliances allows the use of cryptocurrency to reach highly recognized financial entities worldwide, creating a safe atmosphere for Ripple investors.
According to the company in its official Twitter account, we would be aware that 2 large companies are about to join this new method of transactions, which obviously would greatly increase the Ripple price.
It must be clarified that MoneyGram in its recent alliance with XRP does not intend to sell cryptocurrencies, let alone implement Ripple as the final currency delivered to the user. The system and implementation of XRP will be purely internal so that the user can send money in any currency and it changes and delivers more quickly at the systems level.
We will be attentive to the upcoming partnerships that Ripple may have with commercial entities of this size, as well as the name of the company pending mention by the company.