Moneygram, a<a class="_e75a791d-denali-editor-page-rtfLink" href="https://www.cryptoknowmics.com/news/moneygram-aims-to-optimize-and-perfect-xrp-payments" target="_blank" rel="noopener"> Ripple-backed</a>, cross-border remittance service provider is teaming up with Lulu Exchange, an UAE-based exchange to “ help Lulu digitize its money transfer business and partner together to bring leading consumer-centric capabilities to consumers in Oman and across Asia- Pacific region.”

Moneygram, which is essentially a money transfer service provider, was paid $50 million by ripple when they adopted On-Demand liquidity. The new deal announced on <a class="_e75a791d-denali-editor-page-rtfLink" href="https://twitter.com/MoneyGram/status/1219302376059723776" target="_blank" rel="noopener">Twitter </a>would integrate Moneygram APIs in weeks to follow with Lulu exchange subsidiary, Lulu Money.

The move can pay dividends as the exchange has over 200 branches all around the world. It impacts over a million transaction and has over 5 million consumers.

The coming together would lead to a sure-shot increase in the horizon of MoneyGram in Oman and the Asia Pacific. Chairman of Lulu Group, Adeeb Ahmad remarked :
<blockquote>“The partnership will revolutionalize how the region manages its high volume of remittances, launching unique services into the market, changing the way people approach digital transactions and remittances.”</blockquote>
Alexander Holmes of Moneygram stated :
<blockquote>“Lulu Money has made a major push to digitize its money transfer business through this partnership.MoneyGram looks forward to working with them to create innovative products and services that extend our digital reach and bring financial inclusion to customers throughout the Asia-Pacific market.”</blockquote>
Moneygram by virtue of its On-Demand liquidity allows smooth transactions and carry out operations in U.S., Mexico and the Philipines in collaboration with several exchanges. However, provided the inclination Ripple has, they aspire to enhance capacity, widen their horizon and lend a helping hand to more corridors. They’ve set their sights on the Asia Pacific in their medium and long-term vision.
<h2><strong>Moneygram’s mainstay Ripple’s CEO to meet ECB chair and Donald Trump</strong></h2>
Speculations are rife that Ripple’s CEO Brad Garlinghouse will entertain a couple of meetings with ECB Chair, Christine Lagarde and Donald Trump when the World Economic Forum (WEF) commences in Davos, Switzerland. IF the rolling out of CBDC’smake Europe and ECB adopt cryptocurrencies, the region will catapult to the forefront, leaving others behind.

MoneyGram Launches a Partnership With Lulu Exchange

MoneyGram partners with Lulu exchange in a quest to digitize its money transfers and bring an overall improvement in the consumer experience.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

MoneyGram Launches a Partnership With Lulu Exchange

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