Moneygram and Ripple

[fortunecrypto]

MoneyGram CEO Says Ripple and XRP Could truly transform Global Payments, what do you think? Do you agree or disagree? Personally i think centralized crypto is the answer, do you?

It could happen because MoneyGram is the leader in money remittances, and another thing is, there is a market for this, so we will not surprised
if there will be business like this a centralized Crypto for money remittances when two big names make a deal expect something big to happen.

[alyssa85]

MoneyGram CEO Says Ripple and XRP Could truly transform Global Payments, what do you think? Do you agree or disagree? Personally i think centralized crypto is the answer, do you?

He would say that. Ripple bought a stake in Moneygram:

https://www.finextra.com/newsarticle/34002/ripple-buys-stake-in-moneygram

19 June 2019

Ripple has agreed to invest up to $50 million in MoneyGram as part of a two-year partnership that will see the old-school money transfer player tap the blockchain startup's XRP digital currency for cross-border payment and foreign exchange settlement.
Ripple is making an initial investment of $30 million to buy shares and a warrant to buy common stock at $4.10 a share - a big premium on MoneyGram's closing price on Monday of $1.45. MoneyGram can also choose to let Ripple invest another $20 million at a minimum price of $4.10 per share.

MoneyGram's share price more than doubled on Tuesday on the news.

The partnership, which will have an initial term of two years and builds on a pilot begun last year, will see MoneyGram use XRP in payment flows through Ripple's payment network xRapid in an effort to speed up and cut the cost of transferring money.

He's just praising a major shareholder.

[hulla]

To be honest, I can only say agree with the statement above, it is not important between centralized or decentralized. As long as the service provided satisfies customers in the sense of being fast, cheap, transparent, and having a good team. But most crypto lovers don't like ripple, especially my Facebook friends who sometimes share articles that deflate xrp. But as long as there is decentralized that can compete with ripple, why not.

You're right about people in the crypto community not liking any project that's centralized but there are something we must not ignore (centralization, fake volume listing, scam project either ICO, IEO, ROI investment etc.) for the future stake of the cryptocurrency. However, statement which was said by the MoneyGram CEO was just a statement used to praise the person that saved his company from quenching.
XRP is a crypto that will satisfy customers but scam them.

[Davian144]

MoneyGram CEO Says Ripple and XRP Could truly transform Global Payments, what do you think? Do you agree or disagree? Personally i think centralized crypto is the answer, do you?

This is not a matter of agreement or disagreement, but rather their ability to convince people globally, because if they are able to make payments globally and all people want to use it, then they will succeed to change that.