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.
Kay Sears, VP and GM of Military Space for Lockheed Martin described the final frontier as a "warfighting realm," to Cheddar at Satellite 2020.
Fintech companies have long touted their ability to bank the unbanked, but the coronavirus pandemic is giving them a chance to put their money where their mouths are.
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.
Personal finance company Credit Karma is focusing on helping consumers understand financial resources available to them amid the COVID-19 crisis, CEO Kenneth Lin told Cheddar Thursday.
From April 3 to April 6, YouGov polled 1,274 adults online in the U.S. regarding their interactions with and perception of telemedicine as a followup to the same questions asked in November.
Three astronauts have arrived at the International Space Station, after departing the virus-plagued planet. The two Russians and one American reached the orbiting lab in their Soyuz capsule Thursday, six hours after blasting off from Kazakhstan.
A top tech expert says there's "a bunch of really great work" happening as different sectors collaborate amid the coronavirus pandemic.
Digital banking startup SoFi has agreed to acquire payments startup Galileo Financial Technologies for $1.2 billion.
Tammy Erwin, Executive VP and Group CEO of Verizon Business, joined ChedHER to discuss how her team is responding to the ongoing COVID-19 outbreak.
Experts maintain that despite social distancing and quarantining measures during the coronavirus pandemic, people should still attempt to socialize "serendipitously" and commit to acts of kindness to mitigate the stress.
