Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • News
  • Ripple (XRP)

Ripple’s Partner, MoneyGram Joins Alliance with Visa to Enhance P2P Global Payment Service

Solomon Odunayo December 5, 2019 4 min read
Ripple Partner, MoneyGram Joins Alliance with Visa to Enhance P2P Global Payment Service

One of the capital partners of Ripple, MoneyGram recently announced its partnership with Visa in order to enhance its Pair to Pair (P2P) payment service globally.


trade now

MoneyGram International is a global provider of modernized and innovative money transfer services. Its prominence and service in the industry over the years make one of the largest money transfer service provider all over the world.

The announcement of the collaboration was passed across by the giant payment, MoneyGram via a press release on Prnewswire on 4th December 2019.

Main Purpose of Partnering with Visa

According to the press release, MoneyGram intends to expand its deposit service using debit card internationally. So, the payment company decided to join alliance with Visa via Visa Direct, which is identified as Visa’s real-time1 push payment platform.

The update also added that the service that emerged from the partnership is now live in Philippines and Spain. The launch has also placed MoneyGram as the only payment company in its chain that will make cross-border payment available from the United States via Visa Direct.

Our partnership with @Visa is going international! Customers in the US can now send money direct to Visa debit cards in Spain and the Philippines making MoneyGram the first to enable cross-border transfers from the US using Visa Direct. https://t.co/0wCW4ZtsJX

— MoneyGram International (@MoneyGram) December 4, 2019

The same payment service is expected to kickstart in other countries in the coming year. The importance of this partnership is expected to spread across board within the industry, due to easiness of international fund transfer it promises to initiate.

MoneyGram Chairman and CEO, Alex Holmes, displayed his excitement to the sealed partnership and what it will add to the reputation of the payment giant.

He said “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…”

The MoneyGram CEO also stressed the importance of the cross-border digital growth, tagging it as key strategic necessity that suppose to continue for the progress of the industry.

“Cross-border digital growth is a key strategic priority, and we will continue to lead the industry with innovative products and services,” Alex Holmes concluded.

The update also stated that the partnership with Visa Direct will make payment service available to over 1 billion cards used by customers around the world, granting them the enablement to transfer funds in real time.

Additionally, MoneyGram customers will be enabled to send money to other recipients’ eligible Visa-branded debit cards, using the MoneyGram App or website.

The SVP and Global Head of Visa Direct, Bill Sheley, revealed the level of the company’s commitment to support the innovation meant to enhance growth and development in the global payment industry.

He said, “We are committed to supporting the best possible cross-border money transfer experience for consumers and businesses around the world…”

Bill also spoke about the success of the launch phase of the great idea that brought about the innovation, adding that customers’ feedback so far speaks volume.

“The initial launch phase with MoneyGram has been a success. Based on customer feedback to date and seamless integration of Visa Direct into MoneyGram’s digital network, we look forward to continuing the rapid expansion of this service to new markets worldwide.” Bill Sheley concluded.

Benefit of Ripple’s XRP in the Partnership

A couple of months ago, Ripple, the US-based blockchain firm that oversees the distribution of the digital token XRP, sealed a strategic partnership with the global money transfer giant MoneyGram.

The collaboration that cost Ripple about 50 million USD is stipulated to last for 2 years. This partnership also promised the full use of the digital token XRP.

The XRP community members are obviously elated about the partnership between the Ripple’s notable partner, MoneyGram and Visa, knowing fully well that the collaboration is all about cross-border money transfer, which is seemingly the area of specialization of XRP.

However, it was not stated in the latest partnership between the duos that Ripple’s digital token XRP will be part or fully involved in the operation. All the same, it remains a good news for XRP enthusiasts that yearn daily for increase in liquidity for the cryptocurrency.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Bitcoin (BTC) Primary Function is “F*ck You Money” –Jameson Lopp Explains
Next: Petition for Virgil Griffith’s Release Receives Close to 200 Signatures

Related Stories

Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo
3 min read
  • Crypocurrency Exchanges News and Reviews
  • Cryptocurrency
  • News

Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo

August 6, 2022
Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals
3 min read
  • Cryptocurrency
  • News
  • Regulation

Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals

August 6, 2022
Shiba Inu: SHIB’s Burn Rate and Binance Factor to Zero in On
2 min read
  • Binance
  • Cryptocurrency
  • News
  • Price Analysis
  • Shiba Inu (SHIB)

Shiba Inu: SHIB’s Burn Rate and Binance Factor to Zero in On

August 6, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,315.00
1.23%
ethereum
Ethereum (ETH)
$1,711.56
1.57%
tether
Tether (USDT)
$1.00
-0.05%
usd-coin
USD Coin (USDC)
$1.00
0.01%
binancecoin
BNB (BNB)
$326.85
4.74%
ripple
XRP (XRP)
$0.373852
0.29%
cardano
Cardano (ADA)
$0.53
3.55%
Binance USD
Binance USD (BUSD)
$1.00
-0.05%
polkadot
Polkadot (DOT)
$8.81
2.96%
dogecoin
Dogecoin (DOGE)
$0.070105
2.14%

Recent Posts

  • Zero-Knowledge Proofs – All You Need To Know
  • How to Earn Passive Income via DeFi
  • Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo
  • Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals
  • FXCC Review – Is FXCC Scam or Satisfactory as a Broker?
  • Shiba Inu: SHIB’s Burn Rate and Binance Factor to Zero in On
  • GMPortal Review – Is GMPortal Scam or a Proper Broker?
  • Bitech Max Review – Is Bitech Max Scam or a Proper Broker?
  • Ellis and Burlington Review 2022 (ellisandburlington.com) – Should You Consider This Recovery Company?
  • Everything You Need To Know About Ethereum Classic (ETC)
  • TRON’S July Performance: Was It Impressive?
  • What is Metaverse Index (MVI)? A Beginner’s Guide
  • Ledger Seeks Additional $100M In Funding
  • Binance Account Bound Token Aims At KYC User Credentials
  • Bitcoin Improvement Proposal (BIP) Complete Guide – What Are BIPs?

Categories

You may have missed

Zero-Knowledge Proofs – All You Need To Know
11 min read
  • Blockchain
  • Guide

Zero-Knowledge Proofs – All You Need To Know

August 8, 2022
How to Earn Passive Income via DeFi
11 min read
  • DeFi (Decentralized Finance)
  • Guide

How to Earn Passive Income via DeFi

August 7, 2022
Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo
3 min read
  • Crypocurrency Exchanges News and Reviews
  • Cryptocurrency
  • News

Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo

August 6, 2022
Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals
3 min read
  • Cryptocurrency
  • News
  • Regulation

Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals

August 6, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%