Blog Archives

Ripple Announces Partnership With MoneyGram

Posted on 12th January, 2018

Yesterday, Dallas-based money transfer company MoneyGram announced a new partnership with San Francisco-based cryptocurrency company Ripple (formerly Ripple Labs). The partnership will allow MoneyGram to test a new, cryptocurrency-based approach to processing international transfers, and is aimed at reducing the high costs for moving money across borders. Given the steady rise of the global remittance […]

Report: Africans “hurt” by high remittance fees

Posted on 17th April, 2014

If there is a single real-world problem that bitcoin could solve, it’s the overwhelming cost of sending money internationally. According to investors like Barry Silbert, it may be bitcoin’s role as an alternative remittance provider that catapult the cryptocurrency into the mainstream. At the moment, remittance fees average between 7 to 9%, creating a real […]