- Ripple is an all-time investor on MoneyGram and works on its blockchain for efficient management and serviceability.
- Ripple had invested $50 Million into Moneygram according to report details.
- Lulu money has sent over $149 billion in revenue across Asia and Pacific as a record.
The United States-based bank transaction company MoneyGram has made an outstanding deal with UAE based Non-banking Company to expand its services inside Asia and Pacific.
This deal was made completed and was published by both companies through news report handles. MoneyGram has said to use the investment of Ripple to enlarge on Liquidity payment system by using Ripple (XRP) Cryptocurrency.
Ripple which has a rank position at #3 in the crypto world index. XRP has a estimated market cap of $10,252,344,634 USD with current circulating supply of 43,653,776,034 XRP out of the total circulating supply of 99,991,119,346 XRP. Ripple is independent digital coin which stands to have easy and efficient transaction options over its blockchain network.
Lulu money is a UAE based company falling under its parent company Lulu Financial holdings which is also a UAE based non-banking company.
The new collaboration of Lulu money and MoneyGram is to expand the global network of transactions and to implement the MoneyGrams’ API driven platform on Lulu money app to reach newer heights and milestones in the transaction criteria.
And during this MoneyGram aims to expand its network and serviceability in East Asia and Pacific region using Lulu money.
Lulu money has sent over $149 billion in revenue across Asia and Pacific as a record, and this main reason has forced the collaboration with MoneyGram.
Lulu money has a multi security level transaction platform which has over 5 million customers using this fintech transaction platform and has a record of making transactions of above $1.1 million fetching annually.
The new collaboration expected to bring and develop e-wallet features on the website and as well as an app, on the spot transaction for local and international clients. It has a newly added feature of bill payments.