Colombian startup Valiu has launched its ‘cryptodollar’ — Bitcoin-backed synthetic USD that Venezuelans can use for payments and remittances. Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy. It’s still in Alpha, but Valiu has partnered […]
Continue ReadingU.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.” In its March earnings call, U.S.-Latin American remittance provider, Intermex, revealed that it will not be using Ripple (XRP)’s technology in its major markets. Intermex chief executive Robert Lisv explained: “So, you won’t really see us leveraging Ripple […]
Continue ReadingThai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia. Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia. As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers […]
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MoneyGram has reclassified $11.3 million in “Ripple market development fees” from revenue to contra expenses. A United States Securities and Exchange Commission (SEC) 8-K filing by remittance processor, MoneyGram, has revealed that Ripple has been injecting a significant amount of funds into the business since its investment in the company in June 2019. But according […]
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In an interview on Ripple’s YouTube channel, CTO David Schwartz discussed features to broaden the ledger’s functionality. Blockchain-based financial services network RippleNet provides a safe, convenient, and easy-to-use wallet for holders of the cryptocurrency XRP, and the features to their system’s ledger may be expanding. RippleNet has been developed significantly since it was created in […]
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RippleNet has enhanced its network with several new partnerships in Asia aiming to improve remittances in the region. A group of South Korean money transfer and remittance companies has joined Ripple’s blockchain-based financial services network RippleNet to bolster the remittance market in the country. In a Feb. 25 announcement, Ripple revealed that South Korea-based money […]
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The blockchain-based payments firm gave millions to MoneyGram over two quarters in 2019. According to filings through the Securities and Exchange Commission (SEC), money transmission network MoneyGram has gained over $11 million from the blockchain-based payments firm Ripple Labs. In a press release by MoneyGram, the company stated it had received funds from Ripple divided […]
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As the cryptocurrency world entered the year 2020, Cointelegraph takes a look at the top 10 influencers in the cryptocurrency space. Earlier this year, Ripple CEO Brad Garlinghouse responded to controversy surrounding XRP movements by saying that Ripple cannot control the price of its associated token any more than Bitcoin (BTC) whales control the price […]
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MoneyGram launched a real-time remittance service, but firm’s COO told Cointelegraph its blockchain partner Ripple is not involved. Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved. MoneyGram recently announced FastSend, a new service that allows its customers to send money in […]
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Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network. Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network. The partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document on Feb. 10. Still, the partnership must be well over a month […]
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