• A MoneyGram neon sign in New York (via Wiki commons).
    XRP

    MoneyGram confirms massive XRP use in Mexican peso transactions

    The money transfer service’s partnership with liquidity provider RippleNet now accounts for 10% of its Mexican business, and is set to go global

    The head of MoneyGram confirmed today that the global money transfer company has been using XRP cryptocurrency to exchange U.S. dollars and Mexican pesos extensively since July.

  • Not a photo of PayPal potentially leaving its partnership with Facebook's Libra. Instead, this is the PayPal float at the Dublin LGBTQ Pride Parade, June 29, 2019 (photo by William Murphy via Wiki commons).
    Libra

    Libra Association won’t deny reports PayPal pulling out

    Facebook’s crypto project partnerships show signs of buckling with increased government pressure

    The Libra Association would not quite deny reports that digital payment service PayPal is withdrawing from the group, designed to oversee Facebook’s highly controversial, proposed cryptocurrency.

  • People walk outside of Ria Money Transfer office in Brussels, Belgium on Nov. 10, 2018 (via Shutterstock).
    Technology

    Blockchain must solve last-mile problem to dominate remittance business

    Sending money to relatives in developing countries is growing into a half-trillion-dollar business

    Blockchain-based money transfer services can dominate the international remittance business as it grows into a half-trillion-dollar industry over the next five years. That is the result of a study released Monday by Juniper Research, predicting blockchain technology will revolutionize money transfer if it can solve it’s “last-mile” problem—getting cash to recipients in low and middle-income countries. Those countries currently account for $332 billion in money transfers, much of it sent through traditional firms like Western Union and MoneyGram to unbanked people in third world countries, Juniper said. That will grow to $525 billion by 2024. (The World Bank said that number was much higher, reaching $528 billion in 2018.) According…

  • World Economic Forum sign sticking out of the snow in Davos. Clearly, the party got wild (via WEF).
    Technology

    World Economic Forum puts blockchain at center of ‘fourth industrial revolution’

    Its new Global Blockchain Council is one of six designed to influence the growth of technologies poised to change the world

    Blockchain is one of the six emerging technologies the World Economic Forum believes will change the world so dramatically that they will be a “fourth industrial revolution.”