SME Finance Forum member Ripple, provider of the leading enterprise blockchain solution for payments, has partnered with MoneyGram, one of the world's largest money transfer companies, to pilot XRP in their payment flows.  As part of this agreement, both companies will also explore MoneyGram's integration into Ripple's ecosystem through xVia. 

MoneyGram will pilot the use of XRP, the native digital asset of the XRP Ledger, in payment flows through xRapid, Ripple's solution for on-demand liquidity. XRP remains the most efficient digital asset for payments with transaction fees at just fractions of a penny, compared to Bitcoin fees of about $30 per transaction. Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour.

For MoneyGram, the second largest money transfer company in the world, this strategic partnership will allow them to understand how blockchain technology and XRP can improve the efficiency of their global treasury operations and consumer experience.