Ripple's XRP is exploding after announcing a partnership with MoneyGram to speed up transfers (MGI)

MoneyGram has partnered with Ripple to use its XRP cryptocurrency in money transfers.Shares of MoneyGram, the second-largest money transfer company in the world, spiked as much 12.75% Thursday after the company said it had signed a partnership with Ripple to test using the company’s XRP cryptocurrency to improve transfer settlement times and costs.XRP is climbing as well, spiking as much as 14%.