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.
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.
It seems like the #RippleArmy has won at least one major battle: acceptance by Coinbase. One of the biggest names in retail crypto trading announced on Monday that its Coinbase Pro platform will start accepting inbound transfers of XRP Tuesday morning.
WASHINGTON—For the last year or so, people who follow digital currency have been wondering why Coinbase, the largest American digital currency exchange, doesn’t list the XRP token. And now that XRP has cemented its place as the world’s No. 2 digital currency, its absence on Coinbase is even more eyebrow-raising. With the departure of a key executive, gossip has begun to swirl, with at least one Coinbase insider speculating that the omission is based on crypto politics more than business. The crypto world has begun to wonder if the reason for XRP’s omission has been driven by personal politics rather than business prudence. Let’s review a bit. For almost all…