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.
Fact or Fiction: It’s never been harder to reach today’s Millennials and Gen Z consumers. Brian Fanzo, founder of iSocialFanz, joins Cheddar to break down this myth and help entrepreneurs grow their business.
Elliott Management Corporation, an activist investment firm, called for major changes at AT&T on Monday and unveiled a plan that it says could boost the telecommunication company's stock by 65 percent in the coming years.
Stripe, which has become the highest valued private fintech company at $22.5 billion by giving merchants a way to accept digital payments, launched Stripe Capital on Thursday.
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.
Facebook Dating — a service that will pair users up based on location, listed interests, and Facebook activity — launched in the U.S. on Thursday.
Once a skill solely possessed by so-called computer nerds, now even parents and toddlers are learning how to code. Cem Eltutar, founder of Creoqode, explains how his technology uses robots and games to easily teach people how to code.
These are the headlines you Need 2 Know for Thursday, September 5, 2019.
Slack beat expectations in its second quarter earnings report, posting $145 million in sales after the bell on Wednesday. The company was expected to report $141.25 million in sales.
The terms of the settlement between YouTube-parent Google and the FTC and the New York state attorney general were announced on Wednesday. Google and YouTube will pay $136 million to the federal government and another $34 million to New York.
The new funds will help Elliptic develop its offerings as it prepares to add more digital assets and address more types of risk for new and different types of customers, mainly in banking and financial services, CEO James Smith told Cheddar.
