Brad Garlinghouse, Ripple CEO joined Squawk Alley on CNBC to share his opinion on Facebook’s Libra coin and to explain why it can pose high risks for the world of finance.
Ripple’s Garlinghouse told Fortune’s Brainstorm Finance conference that the entry of Facebook’s Libra into the crypto scene does not worry him since it is a boon for the general crypto market, and XRP in particular.
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.
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.
Ripple has made substantial success by launching a new office in Zurich, Switzerland. The main purpose for this is to sell XRP to institutional buyers.
SCB Thailand bank was noticed to use Ripple service for transferring money. The bank acknowledged that and asked to wait for further announcements.
Ripple’s xRapid, cross-border payment solution powered by XRP, forays into the new markets: Brazil and Argentina are now in its list.
SABB notes that the instant cross-border payment service powered by the Ripple blockchain network will help to bring digital transformation and better customer experience.
XRPL Labs, a startup backed by Ripple, wants to make the process of accepting XRP easier for merchants as a mainstream option. The company has designed a payments app that will act as the transition that they need as a point-of-sale system.
IBM announced that two major US banks may soon offer their own cryptos on the IBM World Wire amidst growing concerns that Ripple’s dominance in this global remittance space may be under threat.