Press "Enter" to skip to content

Following VeChain {VET}, Walmart chooses to partner up with MoneyGram and Ria

Latest News

The Walmart2World solution [which has been unleashed in over 4,500 stores] will soon be backed by MoneyGram as well as Ria. Coincidentally, Ripple had also partnered up with the aforementioned organizations during the first half of 2019. Ripple’s network can handle well over 1000 transactions per second; this move will benefit Walmart, whose money transfer initiative takes roughly a day for confirmation [i.e. processing is a drawn-out process].

A few months back, Walmart [in China] had announced a deal involving VeChain. With the help of Thor, customers will be able to track a particular product and its history [the production region, the route an item traveled on to reach its destination, and so on] so as to verify its authenticity and promote a feeling of safety and well-being.

These shall contribute to the primary goal of mass adoption; Walmart’s presence is felt across the globe. As a brand, it is trusted by millions. Though the usage of RippleNet’s solutions isn’t explicitly hinted at via the latest press release, remittances will soon be completed in a matter of minutes [if not seconds]. Walmart’s fanbase may also grow as a result of this deal.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.