Ripple Partner MoneyGram Turns to Amazon and Google to Power Faster Payments
“MoneyGram is integrating with the leader in cloud-based applications, AWS, to bring scale to the company’s transaction processing engine. Additionally, MoneyGram is using Google Cloud as its data and analytics engine to better understand customer behavior and deliver a more personalized experience.”
https://dailyhodl.com/2020/03/06/ripple-partner-moneygram-turns-to-amazon-and-google-to-power-faster-payments/
“MoneyGram is integrating with the leader in cloud-based applications, AWS, to bring scale to the company’s transaction processing engine. Additionally, MoneyGram is using Google Cloud as its data and analytics engine to better understand customer behavior and deliver a more personalized experience.”
https://dailyhodl.com/2020/03/06/ripple-partner-moneygram-turns-to-amazon-and-google-to-power-faster-payments/
Is Ripple hiding what has occured? They pay financial institutions in XRP to use Ripplenet, however, I reckon all of them might never develop beyond the testing phase after dumping their XRP payments.
MONEYGRAM HAS MADE ‘MILLIONS’ SELLING RIPPLE’S XRP
This activity is proof positive that Ripple Labs seeks to use whatever means necessary to get financial institutions to use its service. It reportedly pays other partner institutions as well. In the case of MoneyGram, such payments are curious, as Ripple Labs already owns a sizable percentage of the company. The arrangement to use RippeNet expires in 2023.
Ripple’s strategy of bringing banking partners into its ecosystem is clearly working, yet the extent to which these institutions actually use RippleNet remains less clear. Few appear to have moved beyond the research phase. The fact that Ripple has had to pay them to actually use it underscores this fact.
Read in full https://bitcoinist.com/moneygram-made-millions-selling-ripple-xrp/
