RATE Group | XRP Goes Vertical with 14% Price Pump on Moneygram News
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XRP Goes Vertical with 14% Price Pump on Moneygram News

07 Jan XRP Goes Vertical with 14% Price Pump on Moneygram News

Posted at 09:39h in Cryptocurrency News by

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  • The XRP price climbed 14%, making it the second-highest gainer in the market cap top hundred.
  • The unexpected surge coincided with a healthy yearly report, and the news that Ripple investment Moneygram achieved record transaction growth.
  • XRP coin price returns to early December levels.

The XRP price jumped 14% on Monday, coinciding with the news that Moneygram had just achieved record online transaction growth.

Moneygram’s 70% year-on-year growth over Christmas came just weeks after Ripple finalized a $50 million investment in the payments platform.

Ripple CEO Brad Garlinghouse said Moneygram’s use of the firm’s On Demand Liquidity (ODL, previously named xRapid) would be accelerated in the wake of the investment.

Moneygram – Success by Association?

Moneygram’s non-US growth was even higher in 2019, with a 120% increase in transactions internationally. Mobile devices were used in 80% of transactions overall.

While no details have emerged regarding Moneygram’s utilization…

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