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

Coming Soon to a Road Near You: Driverless Trucks

David Liu, CEO at Plus, joins Cheddar to discuss advancements and developments in the Autonomous Trucking industry.

Vatican, Microsoft Create AI-generated St. Peter’s Basilica

A digital twin of St. Peter’s Basilica has been created using artificial intelligence to explore one of the world’s most important monument’s.

Australia Plans a Social Media Ban For Children Under 16

The Australian government announced on Thursday what it described as world-leading legislation that would set an age limit of 16 years.

Sony Reports Healthy Profits on Strong Sales

Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network services.

Elemind Wants to Change the Way You Sleep

Meredith Perry, CEO at Elemind Technologies joins Cheddar to discuss the company's wearable neurotech headband for "Sleep-on-Demand".

Are Employers Afraid to Hire Gen Z Workers?

GenZ workers get a bad rep when it comes to hiring - Why?Huy Nguyen, Chief Education and Career Development Advisor for Intelligent.com joins Cheddar to discuss

Rebounder Founders: Can your Layoff Lead to Your Next Big Thing?

Can a layoff lead to your next big thing? Issie Lapowsky, contributor for Inc. Magazine and Alphonzo Terrell, co-founder and CEO of Spill join us to discuss.

Amazon Reports Boost in Profits As It Invests in AI

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates.

Apple Sold $46 Billion Worth of iPhones Over Summer as AI Helped

Apple snapped out of a recent iPhone sales slump during its summertime quarter.

Trump’s Truth Social Now Worth More Than Musk’s X

Donald Trump’s Truth Social is now worth more than Elon Musk’s X. That's thanks to a recent run-up in the shares.

Load More