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RTGS.global, a settlement company focused on enhancing cross-border payments, is celebrating a significant milestone with the successful completion of an inaugural instant settlementcross-border transaction via its global network.
In reference to the Ripple partnership announced in June, Holmes said the two companies had begun facilitating cross-border transactions through a commercial agreement, in which MoneyGram is utilizing Ripple’s xRapid blockchain product, as well as XRP, Ripple’s cryptocurrency.
Ripple made the initial payment of $30 million earlier in the year, and it also signed a commercial agreement with the payments company for “cross-bordersettlement using digital assets.” In June, we announced this partnership, and it’s encouraging to see the rapid growth and benefits come to life.”.
In reference to the Ripple partnership that had been announced in June, Holmes said that the two companies had begun facilitating crossborder transactions through a commercial agreement through which MoneyGram is utilizing Ripple’s xRapid blockchain product, as well as XRP, Ripple’s cryptocurrency.
In mid-2018, Ant Financial announced that it launched a blockchain-based cross-bordersettlement service for consumers. Earlier this year, Ant Financial was an investor in a $10 million Series A round for QEDIT, which develops privacy solutions geared toward blockchain.
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