Money-transfer company will run a pilot program testing XRP, a digital currency
MoneyGram International Inc. signed on to run a pilot program testing XRP, a digital currency created by San Francisco startup Ripple, in its payments network, the companies said Thursday.
The Dallas-based company agreed to test XRP as a tool for reducing money-transfer costs and settlement times. A MoneyGram spokeswoman said the open-ended pilot wouldn’t involve customers’ money since it is limited to internal processes. It is the first time the two companies have worked together, she added.