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.
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Wing, an Alphabet subsidiary, found new opportunities and uses for its drone delivery service amid the COVID-19 pandemic.
David Quinalty of Waymo spoke to Cheddar about the company's hopes that the Biden Administration will continue the bipartisan work with the DOT in promoting autonomous driving technology.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Playtika CFO Craig Abrahams joined Cheddar to discuss the mobile gaming company's public debut on the Nasdaq, likely a start to a steady flow of game devs going public in 2021.
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Adam Kovacevich, head of North America and Asia Pacific government relations at Lime, spoke to Cheddar about the e-scooter company's chances of operating in the Big Apple.
Tracy Sun, Poshmark co-founder and senior vice president of new markets, spoke to Cheddar about the online clothing reseller's successful public debut.
Jeff Bezos' Blue Origin company has launched a new capsule into space to test all the astronaut perks before people strap in.
Toyota will pay $180 million to settle U.S. government allegations that it failed to report pollution control system defects in its vehicles for a decade.
