MoneyGram is testing a pilot program with one of the most popular cryptocurrencies.The U.S. money transfer gia...

MoneyGram is testing a pilot program with one of the most popular cryptocurrencies.The U.S. money transfer gia…

MoneyGram is testing a pilot program with one of the most popular cryptocurrencies. The U.S. money transfer giant announced that it will be testing out XRP, a cryptocurrency developed by Ripple, in its payments network. Ripple, a bitcoin rival, claims it can settle digital transactions in three seconds or less, making it attractive to financial institutions. MoneyGram says under current circumstances, cash is available for pickup in as little as 10 minutes after a transfer is submitted "subject to operating hours, availability, local laws/regulations and compliance requirements." The news sent the shares of MoneyGram up more than 11% and […]

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