MoneyGram and Ripple Teaming Up

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.

More In Technology

Cheddar Afternoon News Briefings of January 5th

Cheddar Afternoon News Briefings

Morning Alexa Flash Briefings of January 5th

Alexa Flash Briefings

Cheddar Morning News Briefings of January 5th

Cheddar Morning News Briefings

Smart Bird Feeder Can Photograph and Identify 350 Different Species

Smart Bird Feeder Can Photograph and Identify 350 Different Species

Stellantis to Mass Produce Archer Electric Aircraft in an Expanded Deal

Stellantis to Mass Produce Archer Electric Aircraft in an Expanded Deal

EU Fines Meta $400M for Targeted Advertising Practices

Ireland Fines Meta $400M for Targeted Advertising Practices

Political Advertising Coming Back to Twitter Under Musk After Three-Year Ban

After a three-year hiatus, Twitter is set to reverse course on its ban of political ads.

Apple Battery Replacements Are Getting More Expensive

On March 1, Apple will start charging an extra $20 for battery replacements on out-of-warranty iPhones, according to an update on the AppleCare+ webpage.

Streaming Wars Outlook for 2023

Mike Proulx, research director, and vice president at Forrester, joined Cheddar News to discuss where the streaming wars might lead in the new year.

Afternoon Alexa Flash Briefings of January 4th

Alexa Flash Briefings

Load More