While strong opposition from government bodies has crippled cryptocurrency’s adoption in the past, the recent involvement of non-financial companies leveraging crypto has been a differentiator for future users. As a result, crypto-leaders including exchanges and token providers are on a partnering spree, aimed at gaining monopoly over new and emerging markets.

Leading this race is Ripple, the crypto-tech giant currently speculated to run the entire network for Facebook’s upcoming stablecoin. Additionally, the company made news for its numerous partnerships with fintechs and banks across the world. While Ripple has been open about such announcements, a Twitter user, @Covalent5, discovered a new code that suggests Ripple’s server being used to host DeeMoney’s service. The tweet read,

“Ripple – DeeMoney – MoneyGram”

Source: @Covalent5

The screenshot details the use of Ripple test network for running DeeMoney’s services. DeeMoney is a Thailand-based financial institution that is currently partnered with MoneyGram for enabling global distribution of currencies. While the client IP address on the screenshot is private (usually to evade detection), the code uses an URL that points to Ripple’s official ripple.com server.

The code’s primary URL makes use of xctest, which is a framework to write unit test for Xcode projects. Additionally, the code shows the use of nginx high performance server that is currently used by companies such as Netflix and Github, which has also led speculators to believe the actuation of the project.

While none of the companies involved, including DeeMoney, Moneygram and Ripple have publicly announced any partnership, Ripple’s recent movements in the international market have given fuel to such speculations.

In what could be yet another confirmation, crypto-enthusiast @TimDoerr, further checked the URL on the screenshot and found out,

“Actual external address below points to Ripple’s hosted Amazon services”

Source: @TimDoerr

This article will be updated post any official confirmation on the part of either of the parties.

The post Is Ripple’s testnet being used for running Thailand-based DeeMoney’s services? appeared first on AMBCrypto.

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