XRP overtakes Ethereum (ETH) and Walmart expands money transfer system with Ripple partners MoneyGram and Ria

XRP overtakes Ethereum (ETH) and Walmart expands money transfer system with Ripple partners MoneyGram and Ria

XRP overtakes Ethereum (ETH) and Walmart expands money transfer system with Ripple partners MoneyGram and Ria

In the future, Ripple could indeed become a market leader in financial technology. Features of Ripple technologies allow you to make fairly clear forecasts, which will certainly become a reality. So, XRP overtook Ethereum in the number of money movements, and Walmart cooperates with MoneyGram and Ria, which are partners of Ripple.

XRP overtakes Ethereum

Ripple XRP overtook Ethereum in the amount of money moving weekly over the network. This amount at Ripple XRP exceeded $ 300 million. This is 80% percent more than last week. According to Coin Metrics, thanks to this result, Ripple XRP ranks higher than Ethereum, for which the indicated amount is $ 295 million.

It is worth noting that despite the increase in transaction volume, daily commissions on operations with Ripple XRP remained consistently low. On the other hand, Ethereum transfer fees exceeded those of Ripple XRP by more than 200 times. It is likely that Ripple XRP’s good performance on transactions is associated with an increase in the number of companies that use liquidity on demand. In particular, the use of this Ripple technology in MoneyGram is of great importance, and in the near future, they also plan to expand the use of liquidity on demand for a larger number of channels.

Walmart expands its money transfer service with MoneyGram and Ria

US retail giant Walmart is expanding its money transfer service with the support of two Ripple partners, namely MoneyGram and Ria. The extension will allow customers using the Walmart2World payment service to choose which provider they want to send money to when making an international transfer. MoneyGram and Ria collaborate with Ripple, using the company’s technology for international payments.

Therefore, it is likely that Walmart will use the Ripple blockchain in the future. This information is not yet accurate. There are no official comments from Walmart and Ripple, however, there is a certain proportion of what exactly will be.

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About Viktor Sokolov 135 Articles
Nerd, entrepreneur & coffee aficionado. Believes that blockchain infrastructure and bitcoin will be the money system of the coming decades. Trying to make visible what this means for technology, economy, companies and societies.

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