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Moneygram International launches New pilot on Stellar


RikkiTikki_is_Back
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Doesn't make any sense? It makes a lot of sense in the world of politics and picking winners based on who your in bed with. Moneygram breaks away from Ripple amid an SEC lawsuit but gets in bed with Stellar less than a year for the same use case which by the way XLM may be a security who knows at this point but Moneygram is willing to take that risk??? CMON PEOPLE??? I  feel a rats back being scratched!! What this tells us more than anything is that XRP is the $hit!!! More so that Moneygram had to immediately jump to the supposedly next best thing because they know what XRP gave them, but how did we get here and why is Jed in the mix of so much legality but yet untouchable????  I'm betting other companies are looking at this with the same mindset.  Why is Moneygram willing to take that risk and why so soon?? XRP must be everything it's talked up to be!!!

Edited by RikkiTikki_is_Back
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agreed it's more affirmation that Ripple is building the right tech. Too much competition actually gets annoying from an investor perspective but oh well. 

Moneygram looks a bit flippant here. umping from one to the next for the same fix. We know the SECJPMorganEntEth's aim was to make sure Ripple could not get a foothold in the states this year. 

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39 minutes ago, RipMcGillicuddy said:

agreed it's more affirmation that Ripple is building the right tech. Too much competition actually gets annoying from an investor perspective but oh well. 

Moneygram looks a bit flippant here. umping from one to the next for the same fix. We know the SECJPMorganEntEth's aim was to make sure Ripple could not get a foothold in the states this year. 

Moneygram knows now that the first adopters of this tech will have a huge advantage over the competition, I get their point totally Ripple is in a law suit that has the tech they use up in the air but this is to much of a good thing to sit on the sidelines and anticipate the outcome.  Sad thing is the SEC can't be sued for all the loss of profit they have caused. 

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This particular situation is both mentaly frustrating and the optics are less than upstanding in the view of a xrp holder. That said it does seem the tech works, which should bring some cofidence. Also this could be a weapon used by Ripple against the SEC in terms of realative positioning and be used to show the harm done to both xrp holders and Ripple the company. So as annoying as it is considering that Jed sold xrp to fund xlm and the took a Ripple client due to the SEC lawsuit and brings xrp closer to being a non-security or at least puts the SEC in a position along with other regulators where the legal definition and rules of crypto must be made clear in order to keep a fair and clean market.

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This is the same treasury payments stuff that Moneygram originally did with Ripple. Not retail payments. If you remember, Ripple was able to go past this relationship towards individual remittances in mid-2020.

The pilot is always done with treasury payments because they want a backup plan if things go wrong. It is novel technology after all. Getting to individual remittances is a huge huge step. It means that these payment gateways are comfortable with not having an "error buffer" (what happens if a customer doesn't get paid the exact amount in a transaction?) when they use Ripple's ODL platform. Ripple has crossed that barrier with a lot of remittance companies across the world these past few months.

If Stellar is able to provide similar functionality, good for them. Otherwise, Moneygram will come back to Ripple. 

 

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3 minutes ago, Ripley said:

This is the same treasury payments stuff that Moneygram originally did with Ripple. Not retail payments. If you remember, Ripple was able to go past this relationship towards individual remittances in mid-2020.

The pilot is always done with treasury payments because they want a backup plan if things go wrong. It is novel technology after all. Getting to individual remittances is a huge huge step. It means that these payment gateways are comfortable with not having an "error buffer" (what happens if a customer doesn't get paid the exact amount in a transaction?) when they use Ripple's ODL platform. Ripple has crossed that barrier with a lot of remittance companies across the world these past few months.

If Stellar is able to provide similar functionality, good for them. Otherwise, Moneygram will come back to Ripple. 

 

Did you read the article and view the video, this is going retail in 2022? I definitely won't down play it for the sake of my XRP investment and say what it is or what it isn't.  I think this goes well for the space in general especially XRP.  What it say's is XRP your having your issues with the SEC and we can't utilize you now, but the product you provide is so good that we will take the next best thing.!!  Moneygram has no clue if XLM will face the same scenario as XRP but their willing to take that chance because now they know what this tech is about and what it can do for their business

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5 minutes ago, Babelly said:

doesn't Ripple own like 15% of Moneygram?  I remember reading something along those lines a while back

I think they cashed out a third of that 15%. I could be wrong, but I know its a very small share compared to what it was initially.

Edited by RikkiTikki_is_Back
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