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Chris_Reeves

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Chris_Reeves last won the day on August 24 2018

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  1. Ramsey El-Assal - Analyst And then I wanted to ask on the Ripple partnership, I don't know. Can you maybe help us get a sense of how much of the cost base you think you can save? Or -- I mean, clearly, there's -- I mean you guys communicated, there's some cost benefit. But just looking through the income statement, help us understand a little bit where and when we might expect to see that starting to come through? Alex Holmes - Moneygram Let me add one thing then I'll let Larry jump in on that. And I guess fundamentally, right, I love to say, there really is no way to instantly move money anywhere around the world, right? We run a giant net settlement engine and I think we do it better than anybody. That's kind of how you get money from point A to point B these days. And I think, you have two ways of doing that. You have the consumer side of it and then you have your back end settlement and trading processes. And what this product has the capability to do is actually completely streamline and transform our back end capabilities. And for the first time, I think ever really actually enable money to move instantly, or as close to instant as humanly possible. So if you think about hundreds of millions of dollars circling the world every day, waiting to be settled and sort of what we call, money trapped in transit. The ability to streamline that can drive a ton of efficiency. So I'll let Larry jump in. Larry Angelilli - Moneygram And I was -- you know, we've been ramping, starting with some pretty low levels. I don't foresee really much of a material impact on Q3. We're live. We're doing stuff. We did move money in Mexico in a minute 13 seconds. But it's -- I think we're -- really we're on a ramp, but we're not going to be maxing out or stressing their system. And so it'll build gradually. I think in the fourth quarter, we'll start to see some impact. I think due to the kind of confidentiality and the unique nature of what we're doing. I don't think we can really describe, at this point, what the P&L impact is. But I would just say that we're expecting it to influence Q4
  2. High risk scores? From a settlement time frame, XRP would have one of the lowest risk scores.
  3. Press Release here https://seekingalpha.com/pr/17546813-moneygram-announces-strategic-partnership-ripple
  4. https://seekingalpha.com/news/3471902-moneygram-plus-53-percent-partnering-ripple For more information regarding this investment/partnership - MoneyGram International (NASDAQ:MGI) skyrockets after announcing a strategic agreement with Ripple (XRP-USD). - MoneyGram says the two-year partnership supports the companies' shared goal of improving the settlement of cross-border payments by increasing efficiency and reducing cost through RippleNet. - Ripple will become MoneyGram's key partner for cross-border settlement using digital assets. As part of this partnership, Ripple has made an initial investment of $30M in MoneyGram equity, made up of common stock and a warrant to purchase common stock. Ripple purchased the newly-issued common stock from MoneyGram at $4.10 per share. - MGI +52% after hours to $2.22.
  5. Take this article with a grain of salt. Found this little gem in the details... "Using bitcoin for settlements is also speeding the time to market for fintechs and start-ups competing without large amounts of capital."
  6. https://seekingalpha.com/news/3470354-visa-launches-b2b-cross-border-payment-network "Along with Visa’s core assets, Visa B2B Connect utilizes open source Hyperledger Fabric framework from the Linux Foundation, in partnership with IBM."
  7. I don't disagree. just curious
  8. Will you be using the funds from your Coil earnings to also buy more filters?
  9. First off, if this is true, then it's a huge SEC violation centered around insider trading. Be very careful with speculation of a publicly traded company. The stock trading has not been paused for pending news. Moneygram directors have not mentioned anything regarding a potential acquisition.
  10. https://seekingalpha.com/news/3469115-western-union-visa-payments-pact “Together Visa Direct and Western Union are collaborating with plans to scale real-time4 cross border payments to businesses and consumers in more than 200 countries and territories in more than 130 currencies,” said Bill Sheley, global head of push payments, Visa. “This new strategic relationship with Western Union combines the industry-leading capabilities of the world’s largest remittance provider with Visa’s global reach, risk management abilities and operating scale, to bring exceptional value propositions and user experiences to senders and receivers around the globe.” Visa is focused on improving and modernizing cross border payments. In addition to this new collaboration, last month, Visa announced the acquisition of control of Earthport, a company that provides cross-border payment services. The acquisition of Earthport is an extension of Visa’s overall cross-border strategy that’s complementary to Visa Direct and our existing partnerships.
  11. I believe that they decided not to pursue that specific venture anymore.
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