Home Ripple Ripple expands into South Korea via Moneygram-Sentbe partnership – Yahoo Finance

Ripple expands into South Korea via Moneygram-Sentbe partnership – Yahoo Finance

6 min read
0
39

[ad_1]
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="
” data-reactid=”11″>

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="A South Korean payments company responsible for billions of dollars’ worth of transactions has announced a partnership with a key Ripple ally.&nbsp;” data-reactid=”19″>A South Korean payments company responsible for billions of dollars’ worth of transactions has announced a partnership with a key Ripple ally. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Moneygram, a financial services company, has partnered with Sentbe, a South Korean payment startup that, among other companies, services the regional operator of Samsung, the titanic telecommunications company.&nbsp;&nbsp;” data-reactid=”20″>Moneygram, a financial services company, has partnered with Sentbe, a South Korean payment startup that, among other companies, services the regional operator of Samsung, the titanic telecommunications company.  

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cross-border payments startup Ripple—whose native cryptocurrency, XRP, enjoyed a three percent hike overnight—last month saw its services integrated into Moneygram as part of a “strategic partnership.” With Moneygram now expanding into South Korea, that could deepen Ripple’s own influence.&nbsp;” data-reactid=”21″>Cross-border payments startup Ripple—whose native cryptocurrency, XRP, enjoyed a three percent hike overnight—last month saw its services integrated into Moneygram as part of a “strategic partnership.” With Moneygram now expanding into South Korea, that could deepen Ripple’s own influence. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Moneygram/Sentbe intersection will supposedly establish Sentbe as Moneygram’s “first virtual agent” in South Korea. It’s unclear exactly what a “virtual agent” is, but it appears to be the digital equivalent of a high street branch, a la Western Union. We have reached out to Moneygram for further clarification.&nbsp;” data-reactid=”22″>The Moneygram/Sentbe intersection will supposedly establish Sentbe as Moneygram’s “first virtual agent” in South Korea. It’s unclear exactly what a “virtual agent” is, but it appears to be the digital equivalent of a high street branch, a la Western Union. We have reached out to Moneygram for further clarification. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Last month Ripple committed $50 million in capital to Moneygram—in exchange for equity—as part of a deal that would see Moneygram use Ripple’s services to “instantly settle funds from US dollars to destination currencies on a 24/7 basis.”&nbsp;” data-reactid=”23″>Last month Ripple committed $50 million in capital to Moneygram—in exchange for equity—as part of a deal that would see Moneygram use Ripple’s services to “instantly settle funds from US dollars to destination currencies on a 24/7 basis.” 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="
” data-reactid=”24″>

Let’s block ads! (Why?)

[ad_2]
Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Litecoin Just Halved Its Crypto Rewards for Miners – CoinDesk

[ad_1] Litecoin (LTC), currently the fourth-largest cryptocurrency by market capitalizatio…