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

Musk loses crown as world’s richest to software giant Larry Ellison

Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.

Robinhood joins new band of companies calling the S&P 500 their home

Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.

How Serve’s $63.3M Acquisition of Vayu Supercharges Last-Mile Robotics

Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.

Meet KOID: Derek Yan's ETF That Puts You in the Driver’s Seat of the Robot Uprising

KOID taps the supply‑chain stars behind humanoids—from AI brains to metal muscles—as Derek Yan bets on a future of one‑trillion‑dollar bots.

OpenAI and Meta: Our chatbots must better respond to teens in distress

OpenAI and Meta are adjusting how their chatbots respond to teenagers showing signs of distress.

Tesla sales plunge again in Europe as anger at Musk keeps buyers away

Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.

Tokyo uses AI simulation of Mount Fuji eruption to prepare for worst

Japanese officials have released AI-generated videos simulating a potential eruption of Mount Fuji.

Microsoft protesters occupy president’s office over middle east work

Police have arrested seven people after they occupied an office at Microsoft's headquarters in Washington state.

Nvidia’s earnings report will help show if AI boom is gaining steam

Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.

Book authors settle copyright lawsuit with AI company Anthropic

A group of book authors has reached a settlement with AI company Anthropic after suing for copyright infringement. A federal appeals court filing Tuesday said both sides have negotiated a proposed class settlement, with terms to be finalized next week. Anthropic declined to comment. A lawyer for the authors called it a "historic settlement." In June, a federal judge ruled that Anthropic didn't break the law by training its chatbot on copyrighted books. However, the company was still facing trial over acquiring those books from online "shadow libraries" of pirated copies.

Load More