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Ripple's Partner MoneyGram Now Uses Visa Direct to Enable Instant Cross-Border Payments

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  • Alex Dovbnya
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    Ripple-backed MoneyGram becomes the first company in the industry to enable Visa Direct-powered international payments from the US

Ripple's Partner MoneyGram Now Uses Visa Direct to Enable Instant Cross-Border Payments
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Old-school money transfer company MoneyGram has just announced its partnership with Visa that allows the company to use Visa Direct for performing instant cross-border money transfers.  

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Visa Direct is a real-time payment service that lets its customers send money directly to one's bank account with the help of push payment technology. It powers such popular payment apps as Square and Venmo. as well as nearly half of all payments that are made by the users of Uber and Lift, the two ride-hailing behemoths.

In its press release, MoneyGram proudly states that lets US residents transfer funds using Visa Direct. As of now, the company's customers can make cross-border payments to Spain and the Philippines, but more countries are expected to be added in the future.

"This is an exciting time for us as our business transformation continues to move at a rapid pace as we seek to accelerate digital growth and deliver a streamlined customer experience," said Alex Holmes, MoneyGram Chairman and CEO.

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As reported by U.Today, blockchain monolith Ripple now controls a 15 percent stake in MoneyGram after finalizing its $50 mln investment.   

The marriage of MoneyGram and Ripple could help the former find a path to profitability by caving in to blockchain disruption. They O.G. money transfer company reported a $7 mln loss in its Q3 earnings report

After a successful start in Mexico, MoneyGram is expected to use Ripple's On-Demand Liquidity (ODL) in other regions such as Europe and Australia. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Momentum Could Be Crossing into Bullish, Willy Woo Trader Explains Why

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  • Yuri Molchan
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    The trader Willy Woo says that investor momentum is turning bullish and that the market is preparing for the upcoming halvening in May

Bitcoin Price Momentum Could Be Crossing into Bullish, Willy Woo Trader Explains Why
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The well-known trader Willy Woo has posted some good news to the community. On his Twitter account, he has published a chart that refers to on-chain analysis and says that it shows a bullish rise of investor momentum regarding Bitcoin.

“The bottom is mostly likely in, anything lower will be just a wick in the macro view.”

The market has started preparing for the approaching Bitcoin halving that is due in May next year, he explains.

Meanwhile, on Friday, the Bitcoin price managed to regain the $7,400 level. At press-time, as per the data from CoinMarketCap, Bitcoin is sitting at $7,576.

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The crypto analyst @CryptoMichNL believes that Bitcoin is going to surge to the $8,000 - $8,200 area soon. However, he adds that after that BTC may well drop back to $6,800 or even to $6,500.

Standard crypto games, he calls it.

Some, however, remain in doubt, whether the halvening of 2020 will get the BTC price to rush North.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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