Brad Garlinghouse news

CEO of financial technology company Ripple.

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Brad Garlinghouse: With MoneyGram, XRP Beats Facebook’s Libra

Just recently, Ripple inked a deal with MoneyGram, an international money transfer company that has been in business for decades. The deal saw Ripple invest about $30 million in MoneyGram, a move that saw Ripple acquire a 10% stake in the company.  Around $20 million more is planned to be pumped in over the next 2 years.  Ripple is the producer of XRP, a fairly popular cryptocurrency that now sits at position 3 on the charts – in terms of market capitalization. Ripple has been making huge efforts to partner with as many financial institutions as possible. These entities join Ripple’s RippleNet and get to use their advanced payment solutions like xCurrent and xRapid.  MoneyGram Using XRP However, it’s not the deal between Ripple and MoneyGram that’s making the buzz waves within the crypto world. It’s the fact that MoneyGram has expressed interest in using xRapid and adopting XRP as the base currency for cross-border payments. That’s definitely a big deal for XRP, effectively putting the crypto way ahead of Libra. According to the CEO, MoneyGram’s deal with Ripple will have much more impact on the markets than Libra. Over the 12 months prior to the deal, MoneyGram’s shares had dropped by 80%, but the value picked up and shot up to 168% shortly after the deal. That suggests that Ripple’s move and MoneyGram’s interest in XRP is a huge deal. Ripple plans to ink more partnerships and acquire stakes in more companies. In fact, the company is already welcome about 2 new customers every week.  XRapid Volumes Are Going Up For one, xRapid’s volumes have been increasing ever since Ripple released the payment solution. The volumes went up 170% between the first and second quarters of 2019. CEO Brad Garlinghouse expects xRapid volumes to surpass $1 billion by next year (2020).  The post Brad Garlinghouse: With MoneyGram, XRP Beats Facebook’s Libra appeared first on ZyCrypto.

Ripple’s Brad Garlinghouse eyes ‘multiple investments’ after massive MoneyGram partnership

On 17 June, 2019, Ripple finalized a huge partnership with MoneyGram, one of the world’s biggest remittance services, announcing that the payment services provider would now facilitate cross-borders payments with the assistance of XRP-powered xRapid. The deal was seen to be a massive win for the Ripple and XRP community, as it promised to push […] The post Ripple’s Brad Garlinghouse eyes ‘multiple investments’ after massive MoneyGram partnership appeared first on AMBCrypto.


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Brad Garlinghouse Doubts the Effects of Facebook’s Libra

Coinspeaker Brad Garlinghouse Doubts the Effects of Facebook’s LibraIn a recent interview with Fortune, Brad Garlinghouse commented on the recent Facebook‘s Libra stablecoin and the U.S. Congress hearing about it. He believes that because of Libra, cryptocurrencies, in general, might be put “into one big bucket”.“You just want to make sure that you don’t get caught in the crossfire. It is important to me that when regulators start asking questions that they don’t lump us into one big bucket,” says Garlinghouse.Although recently in June, Garlinghouse shared a rather more positive commentary towards Facebook’s new incentive. He said that thanks to it, Ripple saw a record number of signed contracts. He also said that the Libra announcement helped to legitimize cryptocurrency-based products.“It has been a massive call to action. The banks realize that if Facebook is going to be a competitor in this space they can’t depend on a technology like SWIFT to compete in the marketplace,” Garlinghouse commented in June.Now, after the Facebook hearing at U.S. Congress, Garlinghouse is starting to raise concerns. It might be because the officials asked loads of questions about KYC and AML procedures, and pointed out issues that might potentially affect the crypto industry as a whole. Also, it can be explained by the fact that the monetary guards are starting to realize that such new financial instruments could harm the US Dollar.Garlinghouse believes that money laundering and the use of cryptocurrencies in any criminal activities should not be applied to the way Ripple uses XRP over its platforms. He explains that transfers over the Ripple network can be initiated only by already regulated financial institutions.Brad Garlinghouse also went to comment on the recent Donald Trump tweet on Bitcoin and cryptocurrencies saying that he was alarmed when he found out about this.“It’s like saying I’m not a fan of Internet companies. There are lots of different types of Internet companies,” said Garlinghouse.Currently, Ripple’s RippleNet, according to Ripple, is being used by more than 200 financial companies around the world, however, this doesn’t mean that all those companies are using XRP. Recently, in June, Ripple signed a $50 million deal with MoneyGram. They made a two-year partnership and MoneyGram will use XRP for cross-boarder payments. Ripple bought $50 million worth of MoneyGram shares. After the deal, MoneyGram shares more than doubled in price. Brad Garlinghouse Doubts the Effects of Facebook’s Libra
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Brad Garlinghouse news by Finrazor


Bill Clinton in Swell by Ripple Event

The main reason as to why Ripple decided to invite the former president was because of his fame and background on drafting policies that help emerging technologies. During his tenure as president, Clinton signed the Telecommunications Act of 1996 which is said to have started the internet age.

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Quotes, Week 24 ’18

Brad Garlinghouse, Jay Clayton, Martin Mühleise, Changpeng Zhao, and Jimmy Wales speaking on cryptocurrency and blockchain issues.

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Quotes, Week 23 ’18

Bobby Lee, Brad Garlinghouse, Robert Sluymer, Brian Stutland and Adena Friedman speaking on cryptocurrency and blockchain issues.

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