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S.F. cryptocurrency startup Ripple inks deal with MoneyGram to test digital payments system

Riley McDermid
American City Business Journals

San Francisco payment software company Ripple and MoneyGram International Inc. will partner on a pilot program that uses Ripple's digital currency in MoneyGram's internal payments process. Ripple's digital currency, dubbed XRP, will now help the world's second-largest money transfer company speed up its settlement times and lower money transfer costs, the companies said this week.