Money transfer companies, like MoneyGram, allow people to safely and efficiently send cross-border payments to friends, families and business partners.
News of the deal saw MoneyGram's share price rise as much as 10%, to $13.39 in morning trading, before settling down to $12.72 at pixel time.
Blockchain firm Ripple will be partnering with USA money transfer service, MoneyGram, to test out payment flows of XRP, Ripple's native cryptocurrency, the companies announced today.
The partnership will see MoneyGram pilot the use of XRP through a new Ripple service, called xRapid, created to provide liquidity to financial institutions.
MoneyGram says that blockchain, the technology that powers digital currencies, has the potential to revolutionize its current money transfer process, which requires pre-funded accounts to fulfill transfers.
Protests against child rape, killing continue
The violence erupted in the city of Kasur hours before the funeral of Zainab Ansari , whose case has drawn wide public outrage. No one has yet been arrested, although pictures were circulating on social media showing a bearded man hand in hand in Zainab.
MoneyGram's CEO Alex Holmes added he hopes the partnership will "increase efficiency and improve services" to its customers faster and he believes blockchain technology overall is "changing the norm and encouraging innovation". Similarly, the average transaction time for XRP is two or three seconds, with other top digital assets ranging from 15 minutes to an hour.
Ripple's MoneyGram partnership fits in nicely with its big play to become the crypto payment solution of choice not just on the web, but also through brick-and-mortar transfer providers.
The move is significant because the arrangement involves the use of XRP, Ripple's digital currency, which has recently soared in value but also faced questions about its practical uses. Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid.
According to a press release, MoneyGram will test Ripple's xRapid service due to its claimed speed and cost efficiency. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them.
He was recently in news for heading a one-man panel that probed Haryana land scam allegedly involving Robert Vadra. Kishori Lal, dubbed as the "butcher of Trilokpuri", was among those sentenced by Dhingra.
The company is testing a new area of its app called " Today In ", a mix of city-specific events, announcements and local news. Facebook announced Wednesday that it's releasing a new tool aimed at making it easier to find legitimate local news stories.
Gizmodo reports that Hyperkin is creating a version of the original Game Boy that will cater to all of your early-2000s kid needs. The peripheral manufacturer is now working on an updated version of the classic Game Boy tentatively called the Ultra Game Boy .
The remastered version will be released on 25 May 2o18 with "improved framerate and resolution", according to Nintendo . It's time to light a bonfire and praise the sun, because Dark Souls is returning from the dead once more.
It remains unknown which players may have been involved, though Wood represented many first-round picks in recent years. FanRag Sports reported a player who was a houseguest of the agent spotted the camera in the shower .
However, opposition leaders and environmental campaigners were quick to condemn the proposals as dangerously insufficient. Single-use plastic wasted every year in the United Kingdom would fill the Royal Albert Hall 1,000 times, May said.
In total, the city's five pension funds hold roughly $ 5 billion in the securities of more than 190 fossil fuel companies. Shell's spokesman echoed that sentiment. "We are going after those who have profited", the mayor said.
Its rival Target had raised its minimum hourly wage to $11 in October, and said it would raise wages to $15 by the end of 2020. Walmart also said it would offer financial help to full-time hourly and salaried employees who are seeking to adopt children.
In November, she told a Tokyo summit that sexual harassment of women should "never be tolerated". "I think Oprah would be great". She really did want to say, 'Enough already, ' and I think she delivered on all that in a very eloquent way.
Trump to let states require employment for Medicaid
Thing is: the vast majority ( 80 percent ) of Medicaid beneficiaries who can work, do so, or live in working families. Many of these recipients are individuals who are employed but whose jobs do not provide health insurance.
Coli Outbreak Tied to Leafy Greens Likely Over, CDC Says
Romaine lettuce is mostly eaten raw and washing it or any produce tainted with E. coli will not remove the harmful bacteria. The CDC believes the USA and Canadian cases could be related, but isn't ready to issue a a specific warning about romaine.
Mobile Announces New BOGO Smartphone Deal
Customers may enjoy an up to $ 750 discount on a second Samsung Galaxy Note 8 , Galaxy S8 Active , and Galaxy S8+. You get to keep your phone and your phone number even as you switch to the uncarrier.
Final Remix announced for Switch
Lasting a little under 15 minutes, we thought we would write up all the juicy details in case you just don't like videos . Keen to continue supporting their released titles, Nintendo also announced several popular games will be seeing updates.
LG 4K OLED Rollable TV
As usual, Sony touts its video processing, courtesy of the same X1 Extreme processor found in its new OLED TV, the A8F. The 4K display uses OLED technology, allowing it to be more flexible than a conventional LED television.
Bears hire Mark Helfrich as offensive coordinator
Helfrich went 37-16 over four seasons, leading OR to the first College Football Playoff championship game after the 2014 season. As the Bears' new offensive line coach, he'll be instrumental in teaching Nagy's new schemes to this offensive front.
Edge ST Revealed, Ford's First Performance SUV
For those unfamiliar with the Ford Edge , it's a 4-door hatchback that can fit five passengers, with sufficient cargo space. All models have a redesigned center console housing the rotary gearshift dial Ford's rolled out on some of its vehicles.
Twitch snags last-minute Overwatch League streaming deal
Twitch has said it's working with the game's developer to create new rewards for Overwatch fans, such as exclusive in-game items. Nevertheless, all the match-ups happening in North America, South Korea, and France will be broadcast throughout Twitch .