Ripple’s Testnet Code Could Be Used To Run DeeMoney’s Services, a Financial Institution in Thailand

  • A user shows DeeMoney could be using Ripple’s testnet to run its services
  • Ripple partnered with several companies around the world but apparently not with DeeMoney

Could DeeMoney Be Using Ripple’s Testnet?

According to the Twitter user @Covalent5, there is a new code that suggests that Ripple’s server is being used to host DeeMoney’s service. DeeMoney is a Thailand-based financial company that is working with MoneyGram for global distribution of currencies.

The Twitter user @Covalent5 shared an image on Twitter in which it is possible to see that DeeMoney seems to be using a Ripple testnet. Another user mentioned that the external address points to Ripple’s hosted Amazon services.

The code’s primary URL uses xctest, a framework that is used to write a unit test for Xcode projects. Moreover, this code shows the use of nginx high-performance server, which is currently used by companies such as Netflix and Github.

Could Ripple Be Acquiring MoneyGram?

Although there is no information related to any partnership between these companies, there has been speculation that Ripple could be purchasing MoneyGram. As mentioned before, DeeMoney has already partnered with MoneyGram, which is also an important link between Ripple and this company.

Until now, there has not been any official announcement regarding DeeMoney using Ripple’s services. Ripple has been expanding all around the world by offering services to companies that want to process cross-border transactions in a fast and cheap way. Ripple is working with financial firms and banks as well.

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