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.
These are the headlines you Need 2 Know for Thursday, December 19, 2019.
In a year of the electric vehicle, new technology led to layoffs, new flight options, scooters, and jumps forward in space travel.
ICON's streaming fitness service iFit recently raised $200 million to invest in technology, expand its content library, and reach more potential users.
Amazon Alexa Auto Chief Evangelist Arianne Walker told Cheddar she wants Alexa to shift the perception of the in-car digital assistant.
These are the headlines you Need 2 Know for Wednesday, December 18, 2019.
As 2019 puts a bow on the teens, highlights from the year showed fans that the industry is ready and willing to adapt to upheavals in technology and politics while still having some fun along the way.
Mark Groden, founder and CEO of Skyryse, sees the just completed end-to-end autonomous flight of its helicopter called Luna as a large step forward in realizing a new sky-based transportation system.
Joel Flory, CEO of the photo editing app VSCO, discussed the VSCO girl trend and the acquisition of camera and app company, Rylo, in a sitdown with Cheddar.
Cheddar looks back at the high-profile product failures of the year.
The middle-of-the-night moves on Capitol Hill blindsided the solar sector. The industry had launched an ambitious lobbying effort this summer to extend the industry's tax credit and until last night had believed that an extension would be included in the tax packages.
