Ripple SEA Exec on PayID, Remittances, and Central Bank Digital Currencies
We talked to Ripple Southeast Asia head about PayID and his thoughts on remittances, interoperability, and central bank digital currencies.
We talked to Ripple Southeast Asia head about PayID and his thoughts on remittances, interoperability, and central bank digital currencies.
Ripple, together with Coins.ph, BitPay, Blockchain.com, and other well-known players in the crypto industry and beyond formed the Open Payments Coalition to create an alternative payment system – PayID – to make sending money as simple as sending email.
News site The Crypto Associate commented that McCaleb’s constant sell pressure is creating a daily price suppression for XRP.
The MoneyGram CEO stated that what they have with Ripple is a “good partnership” and he expects they will generate profits on “new services and new corridors”.
The lawsuit concerns scams on YouTube that entice investors to send XRP to specific wallets in exchange for a bigger amount of XRP in return.
In using the ODL platform, MoneyGram said it expects this partnership will allow them to reduce their working capital needs, generate earnings, and provide cash flow.
According to a blog post, half of Ripple’s customers that are on RippleNet are based in the Asia-Pacific region.
FastSend allows MoneyGram customers to send money to a phone number in real-time via a website or a mobile app. The service is using Visa’s “Direct Original Credit Transaction” so that the funds are delivered to a bank account through a debit card deposit.
Ripple announces that its RippleNet system has achieved 300 customers while achieving a 10x year-over-year growth in transactions.
The partnership allows Xendpay to open new remittance corridors to countries like the Philippines, Bangladesh, Malaysia, and Vietnam.