• Ripple (XRP)
    Ripple,  XRP

    Ripple bets big on micropayments with $260 million grant to Stefan Thomas’ Coil

    The 1 billion XRP grant former to its former CTO’s startup is intended to undercut the Web’s current advertising and subscription revenue model while expanding the use of XRP

    Ripple announced Thursday that it is giving its former CTO more than $260 million to change the way content is paid for on the Web. Ripple’s Xpring initiative to invest in companies building the XRP cryptocurrency ecosystem gave a 1 billion XRP grant to Coil, a micropayments company founded by former Ripple CTO Stefan Thomas.

  • If SWIFT had a storefront in Ukraine, this would be their shingle (via Shutterstock).
    Ripple,  Technology

    Money transmitter SWIFT adds cryptocurrency capability with R3’s Corda

    The current bank transaction intermediary is playing catch-up with the speed, but not cost, of blockchain

    Bank transaction intermediary SWIFT announced on June 24 that if its current proof-of-concept test is successful, it will incorporate R3’s Corda enterprise distributed ledger technology (DLT) into its new high-speed payment confirmation platform, Global Payments Innovation (gpi).

  • That XRP logo is moving very fast (via Shutterstock).
    Ripple,  XRP

    Ripple and MoneyGram announce deal

    The partnership can cut the cost of remittances from as much as $30 to fractions of a cent

    Ripple has announced a partnership that will bring blockchain technology to MoneyGram, a leading global money transfer firm that operates in more than 200 countries. As part of the deal, Ripple has committed $50 million to MoneyGram, which it can draw on in exchange for equity over the life of the two-year deal.