It’s a simple matter to send $20 on your mobile phone now — options abound. But what about when you want to send $10 thousand? USForex has had a mobile app for a while, but it was purely informational. Now users can send money internationally with a few taps ofRead More
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CurrencyTransfer.com, a currency exchange marketplace for businesses, is preparing a major funding round from institutional investors later this year, the company told Bank Innovation. CurrencyTransfer.com has received an undisclosed amount of funding from angel investors including Errol Damelin, Gigi Levi, Barak Rabinowitz, and Itay Birnboim. Innovative solutions abound for movingRead More
Circle just raised $50 million, but we’re guessing it didn’t rush to convert those dollars to bitcoins. Circle has perhaps the slickest user experience of the many bitcoin-related startups that blossomed in the last few years. As a consumer play for using bitcoins, Circle is as good as it gets.Read More
News broke yesterday at the Milken Institute’s Global Conference 2015 that Western Union is planning an “experiment” with Ripple Labs, the group behind the Ripple protocol. In Oct. 2013, when Ripple struck a deal with the money transfer service ZipZap, it was called a threat to Western Union. At that time, Western UnionRead More
KlickEx is headed to one of the world’s largest markets. The currency exchange service KlickEx, which won SWIFT’s Innotribe Startup Challenge in Sept. 2013, has increased its market penetration in the South Pacific, and is looking to enter a number of major new markets in 2015, said UK-based CEO RobertRead More
PeerTransfer, a payments startup enabling international students to pay tuition fees in the currency of their choice, announced it has received some currency of its own today — a cool $22 million in a round led by Bain Capital, and which also included Spark Capital, Devonshire Investors, Accel Partners, and QED Investments. ThisRead More
Conventional wisdom has banks watching Bitcoin with great wariness, but two recent moves may suggest otherwise. Bitcoin successfully luring executives from financial services powerhouses shows a vote of confidence in the cryptocurrency by the people (if not the institutions) making up the financial services industry.
Ripple Labs has been making waves in the money movement sector, lately, and the company has ambitions that extend even beyond the world of currency. Last month it announced three new bank partners and now a London -based startup called Ripula has built a gateway to Ripple’s platform, the first in the U.K..
Ripple Labs, the currency startup, is reportedly lobbying Washington, D.C., lawmakers and regulators on legislation that would ease currency rules, sources tell Bank Innovation.
Ripple Labs co-founder Jed McCaleb announced yesterday that he would be selling all of his shares in Ripple’s internal cryptocurrency, XRP (better known as ripples), which led to share prices tanking overnight. In a forum post on XRP Talk titled “Selling My XRP” McCaleb wrote that he would be sellingRead More