London-based money movement startup TransferWise announced it has received a further $26 million in funding to expand into the small business market. TransferWise’s valuation now stands at $1.1 billion, according to TechCrunch — so the birth of a fintech unicorns is not a thing of the past. TransferWise allows users to sendRead More
Post Tagged with: "international remittance"
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
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
Think bitcoins are a passing fad? The guys behind the Bitcoin Center NYC sure don’t. On New Years Eve they threw a party to officially open their vast storefront office, located down the block from the New York Stock Exchange. And they’re planning on staying awhile. “We signed a 10-year lease,”Read More