Analysis: MoneyGram reports on the day of the breakthrough growth in online trading in December, XRP rose 14%

XRP rose 14% on Monday, coinciding with news that Moneygram has just achieved record growth in online transactions. A few weeks after Ripple completed its $ 50 million investment (November 2019), Moneygram achieved 70% year-on-year growth over the Christmas period. Ripple CEO Brad Garlinghouse said that as the investment is completed, Moneygram will accelerate the use of the company's on-demand liquidity (ODL, formerly known as xRapid). Moneygram's non-US growth in 2019 is even higher, with international transactions increasing by 120%. 80% of transactions use mobile devices.