Ripple’s accomplice in collaboration with Yahoo and Google

MoneyGram, one of Ripple’s best-known partners, announced its collaboration with Amazon and Google to improve the effectiveness of its cross-border money transfer product. Both companies support Moneygram in the development and provision of multi-cloud services that are intended to increase flexibility and reduce both risks and costs.

MoneyGram’s official statement was later released.

MoneyGram is partnering with the leading cloud-based application provider, AWS, to scale the company’s transaction processing engine. In addition, MoneyGram uses Google Cloud as its data and analytics engine to better understand customer behavior and provide a more personalized experience.

Kamila Chytil, MoneyGram’s chief operating officer, added

“In recent years we have invested in the latest cutting edge technologies to build an agile organization that is scalable.

No part of the business has remained unaffected by our digital transformation as we have worked tirelessly to build a modern, mobile and API-driven platform and to expand our digital functions for direct customers to over 67 countries. “

MoneyGram is now Ripple’s lead partner and the largest user of its On-Demand Liquidity remittance product. In 2020, Ripple completed the acquisition of its $ 50 million stake in MoneyGram. The original agreement was signed in June 2019. In addition, MoneyGram introduced additional corridors with XRP at the end of last year. However, no official geography and volume data is yet available to be processed through these corridors.

Image source: Flickr

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