MoneyGram and Ripple testing bank transfers of the XRP cryptocurrency. Fortune Staff Writer Jeff John Roberts explains why this partnership is so significant.
"Unlike Bitcoin or Ethereum, it (Ripple) is centrally controlled," explains Roberts. "This is Ripple's moment of truth because people are speculating on XRP." With transaction fees so high for Bitcoin, some investors are seeing Ripple as a good alternative.
"Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid," MoneyGram CEO Alex Holmes said Thursday. In the release announcing this partnership, both Ripple and MoneyGram promoted the efficiency and speed of this digital currency.
One granddaughter is making her grandmother’s dream of being a fashion designer come true with the help of TikTok.
The University of Texas is now barring access to TikTok on its WiFi network.
Apple unveiled a new and improved HomePod.
Mike Dooley, Co-founder and CEO of Labrador Systems, joins Cheddar News to discuss the company's 'Labrador Retriever' personal robot, aiming to support caregivers and help people with health issues live independently.
Volkswagen U.S. CEO Pablo Di Si joined Cheddar New to discuss record quarterly electric vehicle sales and his reaction to Tesla trimming prices on some vehicles by 20% last week. “We'll continue with our pricing strategy, we're not cutting prices on the vehicle's quality over quantity and product content,” he said.
Cheddar News dives deep into the world of stress relief technology at CES.
Spotify became the latest tech company to call on the European Union to take action against Apple over anti-competitive practices.
SpaceX launched its Falcon 9 rocket to bring a powerful GPS satellite into orbit for the U.S. Space Force.
Amazon has begun cutting about 18,000 workers this week, affecting largely Amazon stores and some in the technology unit.
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