On Tuesday, Walmart (WMT) announced that it will cooperate with MoneyGram International (MGI) in the launch of global money transfer service called “Walmart2World (W2W)”. Walmart announced that W2W will allow customers to transfer funds to people in more than 200 countries. While Walmart now serves approximately 2.5 billion people around the world.
Earlier, MoneyGram announced that it will pilot the use of XRP through xRapid. Last month representatives of MoneyGram said that XRP is the most effective digital asset for payment of a penny a transactional commissions (compared to bikinskii commissions in the amount of about US $ 30). Also, the company turned out to be important that the average time of transactions for XRP is 2-3 seconds, which is considered to be just an instant compared to the other main digital assets, the final deal over a long period of time (from 15 minutes to an hour).
MoneyGram for several months testing xRapid, but until now, the company has not received any information about the date or the time frames of when the end of the test phase. “Our business is dynamic and rapidly changing, so things like Ripple, will be crucial to our success,” said CEO of MoneyGram Alex Holmes, speaking about the partnership, at the end of January.
Moreover, MoneyGram is known that a direct and longtime rival Western Union is also testing the XRP. Ripple (XRP) caused a race between the two companies, each of them wants first to implement the technology. And according to analysts, this race can seriously strengthen the position of the Ripple.
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