Wednesday, June 25, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Ripple-Backed MoneyGram Registered Record-High Transaction Growth in December

by firstcryptonews
January 8, 2020
in News
Ripple-Backed MoneyGram Registered Record-High Transaction Growth in December

With 2019 securely in the history books, one of the largest providers of international money transfers and Ripple’s staunchest ally, MoneyGram, is particularly grateful for the holiday season. A recent report revealed that the money transmission giant saw a 70 percent increase in transaction volume in the period between December 1 and December 25, compared to the year before. Outside of the United States, the firm registered a 120 percent increase in online transaction volume over the same period.

In the month of December, all of MoneyGram’s online markets experienced double-digit growth in transaction volume. The report also noted that 80 percent of all the online transactions on MoneyGram were conducted via mobile phones.

MoneyGram said that owing to the ever-changing consumer behavior and the over 3 billion smartphone users, it is focusing on product diversification which includes investment in its digital market and major international markets.

MoneyGram CEO Alexander Holmes noted that the company’s present mission is mobilizing the movement of money. Holmes further explained:

“The success of our mobile app throughout the year, and especially during the holiday season, demonstrates the value consumers place not only on our user experience, but also on our global distribution network.”

MoneyGram’s re-modeled app has now seen more than 1.6 million downloads, marking a gradual uptrend since its inception in 2018. Additionally, the company has undertaken various enhancement programs in the past year like the launch of Visa Direct and the expansion of its offering to more countries to allow users in more than 60 markets to make seamless transactions.

Ripple teamed up with MoneyGram in June 2019 with Ripple investing $50 million while MoneyGram agreed to use Ripple’s cross-border payments solution, the On-Demand Liquidity (ODL) product. After completing the $50 million equity investment, Ripple now owns almost 10 percent of MoneyGram’s common stock.

During an interview with CNN’s Julia Chatterley in mid-December, Holmes revealed that since going live with Ripple in July, the company had processed transactions worth more than $100 million, thanks to Ripple’s ODL.

Related Posts

Imagen Network (IMAGE) Secures $160M in Bitcoin to Build Decentralized AI Infrastructure at Scale

Imagen Network (IMAGE) Secures $160M in Bitcoin to Build Decentralized AI Infrastructure at Scale

by firstcryptonews
June 25, 2025
0

The BTC reserve will fund high-performance AI modules, multichain compatibility, and decentralized storage systems. Seattle, WA – June 25, 2025...

Atua AI Rolls Out Smart Automation Sync for Multi-Agent System Collaboration

Atua AI Rolls Out Smart Automation Sync for Multi-Agent System Collaboration

by firstcryptonews
June 23, 2025
0

Coordinated AI Agents Now Enable Seamless Workflow Execution Across Decentralized Environments Singapore, SG – June 23, 2025 – Atua AI...

FurGPT (FGPT) Powers Cross-Platform Recognition Tools for Smarter Virtual Companion Sync

FurGPT (FGPT) Powers Cross-Platform Recognition Tools for Smarter Virtual Companion Sync

by firstcryptonews
June 20, 2025
0

New tools allow AI pets to seamlessly adapt and respond across Web3 wallets, apps, and environments. London, UK – June...

Atua AI Builds Modular AI Control Stack for Scalable Decentralized Development

Atua AI Builds Modular AI Control Stack for Scalable Decentralized Development

by firstcryptonews
June 20, 2025
0

New Stack Architecture Enables Custom AI Deployment and Greater Automation Control Across Web3 Singapore, SG – June 20, 2025– Atua...

Atua AI Enhances Resource Allocation Intelligence to Optimize Protocol Operations

Atua AI Enhances Resource Allocation Intelligence to Optimize Protocol Operations

by firstcryptonews
June 19, 2025
0

Smarter AI Coordination Boosts Efficiency and Scalability Across Decentralized Workflows Singapore, SG – June 19, 2025– Atua AI (TUA), the...

Colle AI Enhances Creator Profiles With Configurable Publishing Infrastructure

Colle AI Enhances Creator Profiles With Configurable Publishing Infrastructure

by firstcryptonews
June 19, 2025
0

New publishing framework introduces tailored NFT drop settings, modular layouts, and improved audience engagement tools Seattle, WA – June 19,...

Next Post
BitEclipse

BitEclipse helps you in easy trading of your assets!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

1984 INSPIRED NFT COLLECTION TO FEATURE 1984 COLLECTIBLE CHARACTERS

1984 INSPIRED NFT COLLECTION TO FEATURE 1984 COLLECTIBLE CHARACTERS

3 years ago
Pay with Crypto with Apple Pay and Samsung Pay with the Zeux App

Pay with Crypto with Apple Pay and Samsung Pay with the Zeux App

6 years ago
Colle AI (COLLE) Revolutionizes Multichain NFT Creation with Advanced AI Integration for Seamless User Experience

Colle AI (COLLE) Revolutionizes Multichain NFT Creation with Advanced AI Integration for Seamless User Experience

4 months ago
Market Wide Correction Sees Bitcoin Drop To $11,500 With Total Market Clinging Above $300 Billion

Bitcoin Eyes $11,000 As Market Breaks Upwards To End Week-Long Stalemate

6 years ago
Atua AI Evolves DeepSeek Model Integration to Optimize Cross-Chain Enterprise Automation

Atua AI Evolves DeepSeek Model Integration to Optimize Cross-Chain Enterprise Automation

2 months ago
MEW: A Feline Apex in the Dog-Dominated Crypto World

MEW: A Feline Apex in the Dog-Dominated Crypto World

8 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Imagen Network (IMAGE) Secures $160M in Bitcoin to Build Decentralized AI Infrastructure at Scale

Imagen Network (IMAGE) Secures $160M in Bitcoin to Build Decentralized AI Infrastructure at Scale

June 25, 2025

Press Release

vANY Emerges from Anyswap Rebrand Amid Industry-Wide Compliance Pressures

vANY Emerges from Anyswap Rebrand Amid Industry-Wide Compliance Pressures

June 25, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News