Ripple Buys MoneyGram to Expand Its Global Influence: Unconfirmed

  • Yuri Molchan
    📰 News

     👉 ❓It is unclear whether it is just a rumour or the deal has not been announced yet, but Ripple may have taken over MoneyGram, one of its ‘conventional’ rivals💲 ⚔


Ripple Buys MoneyGram to Expand Its Global Influence: Unconfirmed
Contents

A full time trader and developer, as per his Twitter profile, CryptHawk, claims he has news that the rest of the crypto community is still unaware of – Ripple, he states, has acquired MoneyGram.

Neither Ripple nor MoneyGram have confirmed this, so it remains a rumour so far. But every rumour has a foundation. The two companies have already been cooperating.

Ripple partners with MoneyGram

Back in winter 2018, when the crypto market only started going down and bears were gaining power, Ripple and MoneyGram kicked off their official collaboration. The global giant working the e-payments industry was planning to trial XRP for its online transactions. Also, Ripple’s intention was to use MoneyGram in one of its products – xVia.

Brad Garlinghouse, Ripple’s CEO, back then said he was excited about XRP being integrated into MoneyGram’s system, which would enable them to send funds within seconds.

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The XRP community in doubt

Since the news emerged the other day, the Ripple community has been trying to find any confirmation of it. The anticipation is positive. However, nobody seems to know for sure. Many in the community still believe this is just a rumour.

The XRP community in doubt

No sense in Ripple acquiring MoneyGram

Some, however, believe that if Ripple indeed bought its competitor from the traditional sphere of payments, it would slow down XRP adoption.

No sense in Ripple acquiring MoneyGram

Meanwhile, the American Express giant has confirmed joining Ripple’s xCurrent. At least there is indeed some good news for XRP enthusiasts.

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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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Ripple’s XRP Is on the Cusp of Major Breakout

  • Alex Dovbnya
    📰 News

    ⚡🕓 XRP has so far shown a rather underwhelming performance in 2019, but the upcoming weeks look very promising 🔮👀


Ripple’s XRP Is on the Cusp of Major Breakout
Contents

Cryptocurrency trading expert claims that XRP investors should be ready for big gains as technical indicators look very bullish for their favorite remittance token.

The XRP price is currently sitting at $0.43, and the $0.45 resistance level seems very hard to surpass.

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Another rally is just around the corner

As reported by U.Today, XRP got a major boost after it was announced that it would be used by MoneyGram for conducting cross-border payments.

Ripple acquired 10 percent of the MoneyGram, making its shares spike by an eye-popping 150 percent.

After the MoneyGram hype died down, XRP experienced a slight setback, but another price surge seems imminent.

The traders are about to witness a major breakout confirmation in the form of a golden cross. Once XRP forms this bullish pattern, the sky's the limit – it could go as high as $3.30, thus retesting its current ATH.

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XRP will follow Bitcoin

The analyst also points out that XRP’s future breakout could be accelerated by another upward move on Bitcoin’s side.

The number one cryptocurrency has recently reached $9,400 for the first time in more than 13 months, and it is currently vying to reach $9,500, another major support level before hitting $10,000.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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