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Ripple’s New Partnership Will Help Expand xRapid Says CEO

The CEO of Ripple, Brad Garlinghouse says that the company’s new partnership with money transfer behemoth MoneyGram is its next step in bringing around the adoption of cryptocurrency and blockchain. In return, MoneyGram will be utilising Ripple’s xRapid system in order to settle cross-border payments via XRP. This is all posted in a press release published yesterday (June 17th). Speaking to Bloomberg, Garlinghouse said the partnership would assist Ripple in transforming the cross-border payments sector. He stated: “The deal is a big step for Ripple, but I think it’s even a bigger step for the overall industry. There’s been a...

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Ripple Vs Visa: Who’s Winning The Payment System Race?

Ever since 2008, big payment processing firms have been one step behind. Some of them are attempting to make a comeback and capitalise on some emerging technologies like cryptocurrency and blockchain. Visa, PayPal and even Uber are looking into Facebook’s new cryptocurrency as an investment with other big names moving into blockchain to seek new adventures. Connecting Payments Visa seems to be encroaching into Ripple’s realm as a global payment processing utility. The aim of Visa's new product - Connect - is to allow for cross-border payments with a simple and transparent blockchain based system. As reported by the San...

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Ripple (XRP) Primed For Further Upside Against Bitcoin (BTC)

Ripple (XRP) declined to its 38.2% fib retracement level against Bitcoin (BTC) and is now preparing for a trend reversal. The daily chart shows that the price is still far away from the 50 day exponential moving average but if it rebounds successfully off the 38.2% fib retracement level, we could see it shoot towards the top of the descending triangle. It is important to note that Ripple (XRP) remains at risk of a major correction long term but short-term, it is primed for further upside against Bitcoin (BTC). Considering that BTC/USD is also primed for a rally towards $10,000...

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Ripple Reveals RippleNet’s Expansion as 14 New Banks Sign Up

The global head of banking at Ripple, Marjan Delatinne has said that the firm’s network of banks and financial institutions, RippleNet, is expanding at an alarming rate, but in a good way of course! Delatinne spoke in an interview with Bobsguide discussing the impact that blockchain tech has to offer for the finance world as well as just the world as a whole. Delatinne has said that 14 new banks and financial institutions have given the green light for RippleNet over the past few weeks alone. “Among general audiences, they will still think that blockchain is the same as Bitcoin....

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New Partnership Could Benefit Ripple In Cross-Border Arena

Through its partner MoneyNetInternational (MoneyNetInt), Ripple has a new connection to PXP Financial as MoneyNetInt is now teaming up with PXP to process seamless and easy cross-border payments. This international payment service is for customers only in the US and EU. As it says on MoneyNetInt’s website: “We believe in borderless commerce, where businesses can efficiently conduct financial transactions in any currency, to any country with the convenience of local payments.” The UK-based payment processor, PXP Financial and its new partnership with MoneyNetInt will provide all major global credit and debit card processing, as well as a wide range of...

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