MoneyGram announced that they’ve agreed to a deal with blockchain company Ripple that involves an investment of up to $50 million. MoneyGram will use Ripple’s XRP technology to handle cross-border transfers of digital funds for at least two years under the deal.
Founder of Zilliqa confirmed that they are looking for more partnerships in order to widen their network and become a worthy competitor to the likes as Visa or Mastercard. They recently went into a partnership with Mindshare, a 30 billion turnover group, with whom they are working on an end-to-end reconciliation platform for the digital advertising industry.
Ripple along with its partners are changing lives in the South Eastern Asian Nations. Some call it the best testing grounds for blockchain and cryptos, since a lot of people are working abroad and using remittance networks to support their loved ones.
Visa, Mastercard and PayPal are set to be backers of Facebook’s GlobalCoin along with a number of other companies, including Uber. Each will invest approximately $10 million into a foundation that will govern the coin.
The hybrid applications use oracles to bridge the gap between blockchain-based smart contracts and internet cloud services thereby making automated business processes more efficient and robust.
Ripple CEO, Brad Garlinghouse, revealed that a remittance company, which he wouldn’t disclose, has gained +800% in clients overnight because it recently began using Ripple’s technology. The main reason in this rise in the change in transaction fee.
A Fintech start-up Revolut has just expanded their Apple Pay support to 16 European countries. Revolut users have been waiting for quite a long time for this. This payment service is available from today.
A recent study shows that London has become the European leader in Fintech unicorn startups with one unicorn startup created every month for the past year. This puts the U.K. behind USA and China as the third best country in the world for unicorns.
Line Pay has partnered with VISA to bring new blockchain solutions, contactless payments, and a pre-paid digital visa card. Line says that with this new partnership, they will be able to reach 187 million people around the world.
![Peer-to-Peer Lending Explained [Infographics]](https://www.coinspeaker.com/wp-content/uploads/2019/06/peer-to-peer-lending-explained.jpg)
Peer to peer lending is estimated be worth $897 billion by the year 2024. Look through the infographics by Learn Bonds for proofs and details.
Just few days after the completion of the Harmony IEO on Binance, the fintech company partners Chainlink in a bid to become a pioneer in the field of highly scalable networks.
Facebook has quietly registered its fintech company dubbed Libra Networks in Switzerland. The new arm is focused on blockchain, payments, data analytics, big data, and other techs.
Fluidity announced that it will launch the first ethereum-powered mortgages this summer in a project that will log mortgages onto the blockchain network offering better rates than banks.
JPMorgan rapidly expands its Interbank Information Network (IIN) reporting a whopping 201 banks joining its blockchain. Meanwhile, IBM and Stellar also push it hard to win over leading banking institutions globally. Is it time for Ripple to move a bit?
Line, one of the most popular messaging apps in Japan and other Asian countries, is going to expand its business into e-payments and other fintech services.