YouTuber Gets Banned by Western Union for Life, Bitcoin Fixes This

A business owner has posted a YouTube video asserting that Western Union inexplicably banned him for life as a result of his dealings in central Africa. Bitcoin fixes this. Ban Comes Without Explanation In the video Ben Taylor, a.k.a. Pleasant Green, discusses the establishment of a photography business in Africa that included charity work. He asserts that for over three years he used Western Union to send money to Liberia without incident. However, after attempting […]

MoneyGram Has Made ‘Millions’ Selling Ripple’s XRP

In its recently filed annual report to the U.S. Securities and Exchange Commission MoneyGram reports $11.3 million in revenue as a result of its Ripple partnership. Ripple Labs pays the remissions company as an incentive to use RippleNet in its operations.  Ripple Revenue Growing Rapidly Although MoneyGram’s total revenue continues to decline, embracing Ripple has clearly been positive for the company. It began to use RippleNet’s On-Demand Liquidity (ODL) in the second quarter of last […]

Ripple Partner Reports Loss In Q4 2019

In a just-released earnings report, Ripple partner, MoneyGram, showed a USD $11.9 million loss for the fourth quarter of last year. This is the fifth consecutive quarter without a profit. Nevertheless, the company’s partnership with Ripple is set to open new sources of revenue. REVENUE FROM RIPPLE PARTNERSHIP IS OBSCURED Whereas there are many factors that are contributing to MoneyGram’s continued losses, the company has clearly been affected by the growing role of cryptocurrency in […]

Bitso to Use Ripple’s ODL to Process 20 Percent of Remittances to Mexico

Using Ripple’s On-Demand Liquidity, Mexican crypto exchange, and remittance service, Bitso plans to process 20% of all cross-border transfers to the country. US-Mexican Remittances Reach Above $35 Billion per Year In the latest Messari Unqualified Opinions podcast, Bitso’s CEO Daniel Vogel shared his expectations of expanding the potential of Ripple’s ODL. Vogel hopes to catch as much as 20% of weekly remittances, a significant share of a market that moves $35 billion per year. ListenRead More The post appeared first on Bitcoinist.com.

Ripple Partner MoneyGram Secures $9M Investment from Brinks

With a disastrous year firmly behind its XRP token, there’s no stopping Ripple in 2020. Its major partner MoneyGram just received a $9 million investment from NYSE-listed Brinks. Brinks Invests $9M in MoneyGram As the global leader in total cash management, The Brink’s Company (NYSE: BCO) announced today that it had invested $9 million in MoneyGram International in Q4 2019.  Brinks has a global network of operations in 41 countries that serves customers in overRead More The post appeared first on Bitcoinist.com.

This Ripple Backed Firm is Eyeing Indian Market Dominance

MoneyGram, the cross-border payment system backed by Ripple, will aim to become a leader in carrying remittances for the Indian market. Ripple Backed MoneyGram Aims for Bigger Share of the Indian Remittances Market After forming a strategic partnership with EbixCash, MoneyGram will aim to grab the biggest market share in India, reported The Hindu Business Line. Cross-border payment systems help the Indian economy connect to worldwide services, and MoneyGram aims for a larger part ofRead More The post appeared first on Bitcoinist.com.

Ripple CEO: ‘Dozens’ of Major Banks Will Use XRP

Ripple — a real-time gross settlement system, currency exchange, and remittance network — will supposedly have “dozens” of banks making use of its XRP-powered blockchain solutions in 2019.  ‘Major banks will use xRapid’ One of the biggest knocks against Ripple — the third-largest cryptocurrency by market capitalization — is that the San Francisco-based blockchain start-up provides very little use for its in-house cryptocurrency coin, XRP. Ripple’s CEO, Brad Garlinghouse, claims those fears are unfounded. According

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It’s High Time Financial Institutions Consider Crypto as a Tool for Efficient Money Transfers

Blockchain technology is causing massive disruptions across a wide range of industries, markets, and economies. Bitcoin, the most popular blockchain application has shown the world first-hand how the decentralized nature of blockchain could cause a paradigm shift in the global economic landscape. Beyond Bitcoin, other cryptocurrencies have sprung up to solve some of the biggest business and financial problems ailing the global economy. Ripple is one of such blockchain applications – Ripple (XRP) is a

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