Ripple, a venture-backed startup behind XRP with offices in San Francisco, New York and Sydney, has already proved itself to be massively adopted among the financial and payment giants across the globe. With a view to bridge the gap between blockchain ecosystem and payment processors based on traditional fiat money, has gained popularity of its token.
During the Swell Conference held last month, Ripple’s CEO Brad Garlinghouse details about the launch of xRapid, payments solution that uses XRP tokens to source liquidity and facilitate instant cross-border payments at low costs. Ripple also stated that three financial payments providers pledged their support to xRapid. These companies included MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union.
One More Follower Won Over by Ripple’s Technology
Recently, Ethereum World News that Ripple added Viamericas, an international money transmitter, to its list of customers utilizing xRapid.
The Ripple’s states:
“Global payment providers, such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to significantly lower their liquidity costs and send real-time payments — an industry first.”
The statement effectively marks the first admission of an official partnership between the two entities.
According to its website, is a “licensed money transmitter offering international money transfer, bill payment, check processing and top-up services at thousands of agent locations across the United States, and over 76,000 locations in 29 countries for cash payout or direct deposits to bank accounts”.
Paul Dwyer, the co-founder and CEO of Viamericas, said:
“We believe that digital assets like XRP will play a key role in the future of cross border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure”.
Currently, no more information regarding the integration is available.
Ranks of Ripple Solutions’ Adopters Rise Further
Another company to partner with Ripple is , UK-based e-payment company.
As of today, we are proud to announce that has joined ! Joining and their Global Payment Network will allow us to process customers’ anywhere in the world , & cost-effectively!
— MoneyNetInt (@MoneyNetInt)
Moneynetint said:
“By levereging Ripple’s blockchain technology, MoneyNetInt will now be able to simplify and reduce the FX conversion rates for their customers, increase the speed of settlement and offer services to new markets that would otherwise have been too difficult or too costly to reach in the past.”
Yishay Trif, the CEO of MoneyNetInt, commented on the advantages in onboarding Ripple technology:
“Ripple’s technology is very interesting and can revolutionize the payments industry in the near future. Until now, if we wanted to connect to a certain company, we needed to do it through its API. This requires adjusting our systems to fit this API. This means costs and time.”
He added:
“With Ripple, we can connect to numerous companies via one API. It’s basically a hub for multiple end users. Connecting to banks that implemented the system is also much easier now.”
Positive events surrounding Ripple, as well as both new Ripple’s partnerships greatly contribute to the global adoption of company’s solutions, making XRP one of the world’s leading cryptos.
The post appeared first on .
Singapore based decentralized application Qtum has partnered with Amazon Web Services (AWS), Amazon’s cloud computing division in China. The partnership is a result of long discussions that started in July, when Amazon Machine Image (AMI) was listed on the Amazon Web services marketplace.
I just published QTUM Announces a Historic Partnership with Amazon Web Services
— QtumOfficial (@QtumOfficial)
Simon Wang, head of territory business development at AWS China, confirmed the partnership:
“Qtum is now an AWS technology partner and one of the partner network members.”
The collaboration of the companies is aimed at developing blockchain-as-a-service (BaaS) solutions for developers and businesses. According to Qtum, AWS users will be able to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI).
Furthermore, Qtum and AWS will work together to get feedback from customers about the use cases that are in demand and provide guidance to those who do not have much software development resources themselves.
Miguel Palencia, Qtum’s chief information officer, said:
“We are going to work together [with Amazon] to contact different customers and clients. We’re looking into use cases, and the best way to do it is to have a contact with companies who have those use cases. Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly.”
The partnership will make blockchain software development simpler and more accessible for corporate clients.
About Qtum
is a decentralized and open-source smart contracts platform and value transfer protocol based in China. Qtum incorporates the best parts of both bitcoin and Ethereum and connects the existing blockchain with a virtual machine. Launched in 2017, Qtum employs a proof of stake consensus protocol that allows anyone with as little as one qtum to help secure the network and enables developers to build applications and smart contracts on the current blockchain technology.
Qtum Co-Founder Patrick Dai said:
“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.”
Last January, Qtum raised $1 million from such prominent investors as Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen. At that time, the company also d with Beijing-based company 360 Finance to set up a blockchain lab.
Recently, Qtum released its x86 virtual machine that would propel its value proposition over Ethereum by welcoming developers who code in any language. Next year, Qtum is planning to launch QtumX, in order to help major corporations take advantage of optimized smart contract automation and effectively welcome the “mainstream” to blockchain.
The post appeared first on .
Differentiating truth from fiction isn’t always easy, especially in the realm of blockchain. We’ve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama.
Also read:
Blockchain.com Announces Airdrops
bitcoin wallet and blockchain analysis service has decided to host airdrops. The platform, whose 29 million wallets make it the industry’s largest bitcoin wallet provider, unveiled its airdrop program on Oct. 17.
“We think that airdrops, when executed properly, have the potential to meaningfully drive decentralization and supercharge network effects,” they . “That’s why we’re thrilled to share a set of guiding principles that will inform Blockchain Airdrops.”
The service promises to be good news for token creators, who can tap into Blockchain.com’s network of ready-made cryptocurrency users. It remains to be seen, however, whether wallet owners will take kindly to being showered with largely worthless tokens. Just as the Coinbase-owned allows emerging ICOs to get seen by influencers, Blockchain.com will place ICO tokens in the hands of core users.
“Since Blockchain users self-custody,” the company explains, “they have immediate control, ownership and use of their newly-airdropped crypto. They can participate directly in the network without going through a cumbersome intermediary.”
The Onion Does Blockchain
From one blockchain to another, and satirical publication The Onion has a short guide to the technology. From the site that brought us such gems as “Man Who Thought He’d Lost All Hope Loses Last Additional Bit Of Hope He Didn’t Even Know He Still Had,” we learn that blockchain “Provides a more efficient way for you to lose all your money at once.” Other choice responses from The Onion’s Q&A include the following:
bitcoin Futures Volume Soars
Moving back into the realm of real news, CME has revealed that bitcoin futures volume rose 41 percent in the third quarter of this year. This trend attests to the growing interest in bitcoin from traditional financial markets.
In Q3, bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2 . Learn how market participants are using BTC to manage risk in changing markets.
— CMEGroup (@CMEGroup)
Coolwallet S Adds ERC20 Token Support
Coolwallet S, which we’ve , is a fly credit card-sized hardware wallet for storing BCH, BTC, ETH, and other cryptocurrencies. The distinctive wafer-thin wallet, manufactured by Taiwan’s Coolbitx, has just added support for ethereum tokens. Users can now add any ERC20 token to the wallet and manage it via the accompanying iOS or Android app. Due to its portability, has proven popular with cryptocurrency holders who desire access to their digital assets while on the go.
Stablecoin Spat Breaks Out
And finally, The Daily’s news roundup wouldn’t be complete without some sort of stablecoin drama to report. Tether, whose Twitter account sees activity approximately once a month, broke its silence to take aim at Cameron Winklevoss, owner of Gemini exchange’s rival GUSD stablecoin. A war of words over Tether’s inability to publish a full audit of its USDT dollar-pegged token has erupted, with Bitfinex/Tether defender Whalepool that no fiat-backed stablecoins are fully audited.
“Thank you for continuing the long-standing tradition in crypto where the default position is to go out half-cocked w/out any expertise or knowledge in an area and pretend to know what you are talking about,” Winklevoss .
Traditional systems take time to adapt to the pioneering work taking place in this space.
— Tether (@Tether_to)
“While [other stablecoins] might not be able to get a full blown audit,” The Block’s Larry Cermak, the likes of Gemini, Paxos, and Truesd “are hiring real auditing firms. Now remind me what auditing firm is doing audits for Tether please. I forgot.”
What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our section.
The post appeared first on .
![Red hot chili peppers - the zephyr song [official music video]](https://ohiobitcoin.com/storage/2018/02/66E4De.jpg "Red hot chili peppers - the zephyr song [official music video]")
