BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Ripple partner MoneyGram expands into India

Ripple-backed remittance services provider MoneyGram has brought its services to India.
MoneyGram has partnered with Indian money transfer firm EbixCash, a wholly-owned subsidiary of Nasdaq-listed Ebix, for expansion into the country, according to an announcement Monday. EbixCash will be MoneyGram’s “exclusive” partner in India.
MoneyGram aims to serve “millions” of users in the country via EbixCash's 320,000 distribution outlets - spread across 4,000 cities and over 75,000 villages. It also aims to service inward remittance volumes of $3 billion annually.
"India remains the world's top recipient of remittances, and we're excited to better serve this critical market through our partnership with EbixCash, a leading brand with an approximate 80% share of locations in the country," said Grant Lines, chief revenue officer of MoneyGram.
It is not clear whether MoneyGram will utilize Ripple’s blockchain platform in the country. The Block has reached out to both MoneyGram and Ebix, and will update this story if we hear back.
Ripple has invested $50 million in MoneyGram to jointly offer blockchain-based remittance services. MoneyGram recently said that it processes 10% of its transactions between the U.S. and Mexican corridor via Ripple’s payments solution On-Demand Liquidity that leverages XRP cryptocurrency.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News


Buy Bitcoin online in ANY country, supporting 80+ Payment methods!