Good news, Ripple investors. Ripple might be down, but it's certainly not out.
In fact, it looks like the cryptocoin is about ready for a run.
MoneyGram International Inc. just signed on to a pilot program testing XRP. They hope the coin will reduce the cost and time of money transfers.
According to the Wall Street Journal, Ripple "has about 100 banks, including UBS Group AG , Banco Santander S.A. and Banco Bilbao Vizcaya Argentaria S.A. , signed on as customers, but has been working to sign up remittance companies like MoneyGram as well."
Ripple also tweeted earlier this week that three of the biggest money transfer companies are planning to announce deals with Ripple later this year.
According to Moneygram's own website, it's "the second-largest money transfer company in the world and has $1.45 billion in annual revenues."
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