Cryptocurrency Analysis and News Portal
A few years ago, blockchain technology gained significant traction and was regarded as a truly revolutionary tool for any industry, providing opportunities to significantly update the way of doing business in many areas. As a result, numerous illicit actors didn’t neglect to use the opportunity to capitalize on hype and
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Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end of 2025. As COVID-19 continues to wreak havoc, this
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Sharing is caring!Enterprise blockchain payment solution Ripple has cut a deal with Thai fintech company DeeMoney, who specialise in remittance payments, also known as cross-border payments. Deemoney is now processing live transactions, using Ripple’s global financial platform – a payments network which comprises more than 300 financial institutions worldwide. This
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Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved.MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still,
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Another major financial institution has partnered with blockchain-based payments firm Ripple.The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances, according to a Feb. 11 report from local daily news site Youm7. The agreement reportedly makes the National Bank the country’s
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Ripple's technology will form the basis of a new XRP-based remittance service from International Money Express (Intermex).Ripple announced Tuesday that it had partnered with Intermex, which will leverage RippleNet – a network of institutional payment providers using Ripple's several payments solutions – to develop "faster, transparent cross-border remittance services" between
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Lightnet, the company behind the Velo Protocol, recently raised $31.2 million in a Series A round.The funding was led by major financial and business groups including UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities, according to a
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Blockchain-based money transfer startup SendFriend utilizes Ripple’s technology to save up to 80% in remittance fees, according to a blog post published on Dec. 12.SendFriend uses Ripple’s xRapid product for cross-border payments, converting between the United States dollar, XRP and Philippine pesos and circumventing the longer process of traditional
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UAE Central Bank governor Mubarak Al Mansouri said the UAE-Saudi digital currency project will help cut remittance costs.It will also contribute to enhancing transfers among banks and mutual trade between the two countries, Al Mansouri added on the sidelines of the Annual Conference of KSA and UAE Banks. Both countries have planned
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A Californian politician has become the first elected official to use cryptocurrency to purchase cannabis in the United States.A press release shared with CryptoX on Sept. 11 revealed that Berkely City Councilmember Ben Bartlett used Bitcoin Cash (BCH) and the stablecoin Universal Dollar (UPUSD) to make the purchase at
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