MoneyGram Reveals Real-Time Remittance Tech, Based on Visa not Ripple

Cointelegraph

Published Feb 16, 2020 05:13AM ET

Updated Feb 16, 2020 07:02AM ET

MoneyGram Reveals Real-Time Remittance Tech, Based on Visa not Ripple

Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved.

MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still, the firm’s answers to Cointelegraph’s inquiries revealed that surprisingly MoneyGram’s latest product does not make use of Ripple’s technology.

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