MoneyGram Goes Live On Ripple’s ODL

-






Ripple’s ODL-On Demand Liquidity is the successor to the erstwhile platform known as XRapid. Since it was announced earlier on in the year that MoneyGram signed an operational agreement with Ripple, many people have looked forward to how well the deal will work.

At the Swell conference held last week in Singapore, Alex Holmes who is the chairman of MoneyGram gave a hint of how the partnership was working out.

A New Dawn

By describing the MoneyGram and the ODL partnership as magic, Mr. Holmes was affirming that the new dawn was making a difference. The highlight of the session was the confirming that MoneyGram was now able to complete transfers from America to destination points around the world on a 24/7 basis.

For Brad Garlinghouse, who is Ripple’s CEO, he was quick to affirm that legacy efforts come under a great deal of pressure in the tech space. To him, there should be coordination between key players to make service delivery better optimized.

The use of ODL by MoneyGram for now cover 10 percent of remittances between Mexico and the US. So, it might not be a question of how well ODL is working for now, the world should expect deeper integrations in the days ahead.

Blockchain Rising



In the last two years, the popularity of blockchains has been on the rise. While it was easy to think it was just a fluke, the present-day developments already show that blockchain is winning. 

With blockchain systems like ODL taking the center-stage in global financial infrastructure, more of the same should be expected in the days ahead.





Comments

Post a Comment

Popular posts from this blog

Bitcoin Looks Set To Surpass the 100 Billion Dollars Capitalization Mark This Week

-
Image
Bitcoin has been in the news for good reason this past week. It has shrugged off the sub -$4,000 market price at the beginning of April to break through the $5,000 price resistance. As at this morning’s trade, it sits comfortably above $5,600.





Market Capitalization

The market capitalization of Bitcoin stands at $98.9 billion by morning trades of April 24, 2019. Over the past 24 hours, the market price has risen by 2.4 percent. The price moves have the effect of pushing up the market capitalization.

The good fortune so far came on sine the beginning of April and it might yet last for longer.

Overall, the market scenario is looking good with Bitcoin notably giving the altcoins a bounce as well. Ethereum has had a 1.69 percent surge in the last 7 days with current trading price at $169.64.

Binance Coin has also emerged as one of the top gainers with $22.52 with 14.16 percent leap over the last 7 days.




Another top performer is Tezos with more than 19.82 percent price leap over the last …
Read more

16,000 Percentage Points Return: Remember Ardor?

-
Image
Today, the market cap of Bitcoin has surpassed a massive 40 billion USD gain. The last time this kind of surge was seen was in 2017.

It was a memorable year for cryptocurrency investors and there is no doubt about this.

A little unknown cryptocurrency called Ardor surged in value to close the year at 16,000 times its listing price.

In real terms, there is no known investment or commodity that performed so spectacularly over the course of 12 months.


There is no doubt that the cryptocurrency market has posted some crazy returns that any other investment vehicle has not rivaled to date.The market has huge potentials and there is no doubt about that.

There is an in-built volatility in the market that cannot be overlooked. However, beyond that, there are enough safeguards to use in order to avoid massive losses. This is where the help of professionals can make a difference.


Reaching for the Right Resources

Professional mentors are making it possible for more people to trade cryptocurre…
Read more

The Smart Contract Gateway To The Future That You Must Know

-
Image
Blockchain continues to show its potential beyond serving as the gateway for cryptocurrencies

This innovative technology is now geared towards revolutionizing several facets of life using decentralization methodologies across a wide spectrum of applications.

The exponential launch of new blockchain projects over the last 12 months is proof of this. At its core, many of these projects are utilizing the Ethereum platform’s smart contract technology, a powerful application of blockchain methodologies.

Auto- Execution

Smart contracts are just like any other regular contract in that they enforce an agreement between one or two parties. What makes Smart Contracts especially powerful, though, is that once the conditions of the deal are met, the contract automatically executes itself – without the need for a middleman.

Tamper proof and fraud proof, it promotes complete fairness, transparency and trust. It helps eliminate the security issues of having a third party facilitate the contract, w…
Read more