Thursday, September 18, 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

FurGPT (FGPT) Moves Toward Token Release to Strengthen AI-Powered Engagement

FurGPT (FGPT) Moves Toward Token Release to Strengthen AI-Powered Engagement

by firstcryptonews
September 17, 2025
0

The FGPT token will enhance personalization, governance, and accessibility for digital companions. Seattle, WA – September 17, 2025 – FurGPT...

FurGPT (FGPT) Prepares for Public Token Launch to Advance Digital Companion Innovation

FurGPT (FGPT) Prepares for Public Token Launch to Advance Digital Companion Innovation

by firstcryptonews
September 15, 2025
0

Token launch will fuel platform growth, enabling wider access to emotionally intelligent AI companions. London, UK – September 15, 2025...

Atua AI Introduces Adaptive Pipelines for Scalable Automation in Web3 Systems

Atua AI Introduces Adaptive Pipelines for Scalable Automation in Web3 Systems

by firstcryptonews
September 9, 2025
0

New adaptive pipelines deliver real-time flexibility, efficient task execution, and enterprise-ready scalability for decentralized operations. Singapore, SG – September 9,...

Atua AI Develops Real-Time Control Models to Enhance Protocol-Level Coordination

Atua AI Develops Real-Time Control Models to Enhance Protocol-Level Coordination

by firstcryptonews
September 3, 2025
0

New AI-powered control systems improve automation reliability, resource efficiency, and multichain alignment for Web3 enterprises. Singapore, SG – September 3,...

Imagen Network (IMAGE) Launches Modular Personalization Hubs for Creator-Driven Ecosystems

Imagen Network (IMAGE) Launches Modular Personalization Hubs for Creator-Driven Ecosystems

by firstcryptonews
September 1, 2025
0

New personalization hubs empower creators with scalable tools for audience connection and engagement. London, UK – September 1, 2025 –...

Atua AI Introduces Smart Control Pipelines to Strengthen Protocol-Level Coordination

Atua AI Introduces Smart Control Pipelines to Strengthen Protocol-Level Coordination

by firstcryptonews
August 29, 2025
0

Intelligent automation pipelines enhance governance, resource allocation, and system reliability across decentralized networks. London, UK – August 29, 2025 –...

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

CreataChain

CreataChain: Future-oriented blockchain to be launched

4 years ago
The Schwartz: Where Memes Meet Mission on the XRPL

The Schwartz: Where Memes Meet Mission on the XRPL

3 months ago
Echobit Launches $20M Risk Protection Fund to Safeguard User Assets

Echobit Launches $20M Risk Protection Fund to Safeguard User Assets

8 months ago
AI Platform Atua (TUA) Developer Commits $100M to Build AI Tools For Ripple (XRP)

AI Platform Atua (TUA) Developer Commits $100M to Build AI Tools For Ripple (XRP)

9 months ago
NTP Project, the Content Solution Solving NFT Ownership Problem

NTP Project, the Content Solution Solving NFT Ownership Problem

3 years ago
Colle AI Strengthens Interoperability by Reengineering Core Bitcoin Logic Layers

Colle AI Strengthens Interoperability by Reengineering Core Bitcoin Logic Layers

3 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

FurGPT (FGPT) Moves Toward Token Release to Strengthen AI-Powered Engagement

FurGPT (FGPT) Moves Toward Token Release to Strengthen AI-Powered Engagement

September 17, 2025

Press Release

From Red Pill to Blue Pill: The Meme Revolution of $HYPUMP

From Red Pill to Blue Pill: The Meme Revolution of $HYPUMP

September 17, 2025

© 2020 First Crypto News

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

© 2020 First Crypto News