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.
Stocks are pushing higher on Wall Street, led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak.
Dr. Christopher Wiles, a resident physician at the University of Connecticut, is turning his hobby into a potential way to offset a shortage of personal protective equipment in hospitals dealing with COVID-19.
Trump said that the order will “require General Motors to accept, perform, and prioritize Federal contracts for ventilators." In a statement, he said the contracting process with the automaker was not moving quickly enough.
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.
Mark Zuckerberg and his wife Priscilla Chan have donated $25 million through their foundation to a philanthropic effort organized by Bill Gates to explore new coronavirus treatments.
Healthcare workers have launched their own campaigns for gathering personal protective equipment as they fight the coronavirus on the frontlines, with #GetUsPPE trending across social media.
The new feature, which is being rolled out in the hardest-hit areas this week, will appear on pages for businesses like restaurants, bars, beauty parlors, and gyms.
If a measure for fossil fuels is included, the groups insist, similar support should be extended to clean energy and electric vehicles, insiders tell Cheddar.
Harnessing the cooling fans from F-150 pickups and the battery packs for its power tools, Ford on Tuesday announced that it will start making sorely-needed ventilators, respirators and medical face masks to help alleviate dire shortages as coronavirus cases surge across the country.
While the spread of the coronavirus has caused millions of layoffs across the country, select businesses are on a hiring spree to meet increased demand related to the outbreak.
