Friday, July 4, 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

Atua AI Strengthens Backend Stability with Multichain Compute Layers

by firstcryptonews
July 3, 2025
0

Enhanced Infrastructure Improves Scalability and AI Reliability Across Decentralized Networks Singapore, SG – July 3, 2025 – Atua AI (TUA),...

Atua AI Optimizes Agent Coordination for Decentralized Workflow Distribution

Atua AI Optimizes Agent Coordination for Decentralized Workflow Distribution

by firstcryptonews
July 1, 2025
0

Enhanced AI Collaboration Boosts Automation Precision and Scalability Across Multichain Systems Singapore, SG – July 01, 2025 – Atua AI...

Atua AI Boosts Multi-Protocol Compatibility with Lightweight Task Models

Atua AI Boosts Multi-Protocol Compatibility with Lightweight Task Models

by firstcryptonews
June 27, 2025
0

New Streamlined Execution Layer Enhances Performance Across Diverse Blockchain Networks Singapore, SG – May 5, 2025 – Atua AI (TUA),...

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...

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

unime

Why you’re a LOSER if you use Facebook!

4 years ago
AGII Powers Predictive Logic Engines to Strengthen Blockchain Automation Accuracy

AGII Powers Predictive Logic Engines to Strengthen Blockchain Automation Accuracy

1 month ago
Unveiling Spotrade.net: A Unique Trading Platform Redefining Forex and Crypto Trading with AI

Unveiling Spotrade.net: A Unique Trading Platform Redefining Forex and Crypto Trading with AI

1 year ago
Announcing the  World’s First Blockchain-based Auction House ~ BiG Deal ~

Announcing the World’s First Blockchain-based Auction House ~ BiG Deal ~

3 years ago
POPKON TV celebrates POPK Blockchain Technology

POPKON TV celebrates POPK Blockchain Technology

3 years ago
DIGZAX Accelerates Blockchain Talent Development, Promoting Technology Dissemination and Application

DIGZAX Accelerates Blockchain Talent Development, Promoting Technology Dissemination and Application

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

Atua AI Strengthens Backend Stability with Multichain Compute Layers

July 3, 2025

Press Release

From Junk Bonds to Digital Credit, How XMG Fintech, USXM Stablecoins and PDCNs Are Redefining Financial Engineering

From Junk Bonds to Digital Credit, How XMG Fintech, USXM Stablecoins and PDCNs Are Redefining Financial Engineering

June 28, 2025

© 2020 First Crypto News

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

© 2020 First Crypto News