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  • Bitcoin Soars Above $9K - It's Mostly Institutions Now

    https://www.zerohedge.com/news/2019-...stitutions-now

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    • Originally posted by TrapsBrah View Post

      OK bro. 21 million bitcoins ever in existence and a population of 7 billion plus people if it becomes a reserve currency like gold then you can bet your ass it will be huge. If you value it in terms of scarcity like gold the price was calculated at 5 million dollars a piece. It's better than gold which is why it was already priced higher than one ounce of gold earlier this year.

      Bitcoin is faster and cheaper than bank wire transfers that alone is huge.
      That's right

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      • And the fomo begins


        Ripple has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this partnership, which will have an initial term of two years, Ripple would become MoneyGram’s key partner for cross-border payment and foreign exchange settlement using digital assets. In conjunction with the partnership, Ripple has agreed to provide a capital commitment to MoneyGram, which enables the company to draw up to $50 million in exchange for equity over a two-year period.

        The partnership with Ripple will focus on the xRapid product, a solution for on-demand liquidity, which reduces reliance on pre-funding by enabling money to be sent from one currency and instantly settled in the destination currency. It leverages XRP, the native digital asset of the XRP Ledger, as a real-time bridge between the sending and receiving currencies. XRP remains the most efficient digital asset for settlement with transaction fees at just fractions of a penny, compared to other digital asset fees of about $30 per transaction. Similarly, the average transaction time for XRP is two to three seconds with other top digital assets ranging from 15 minutes to an hour.

        “As the payments industry evolves and matures, it’s imperative that we continue to improve our platform and provide the most effective solution to get funds from point A to point B,” said Alex Holmes, MoneyGram Chairman and CEO. “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.”

        MoneyGram operates globally in the $600 billion global remittance market, serving millions of customers in more than 200 countries and territories, supporting multiple currencies. Today, MoneyGram relies on traditional foreign exchange markets to meet its settlement obligations, which require advance purchases of most currencies. Through this strategic partnership, MoneyGram will be able to settle key currencies and match the timing of funding with its settlement requirements reducing costs, improving its balance sheet efficiency and reducing risk.

        “This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies,” said Brad Garlinghouse, CEO of Ripple.
        people say nothing is impossible, but i do nothing all day

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        • Money gram stocks go up 150% withing hours of the partnership
          people say nothing is impossible, but i do nothing all day

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          • And xrp hardly moving ahaha shit coin

            xrp bought a dogshit company who's stock has plummeted the last 5 years down to nothing and they are calling this a "partnership". ahahah

            Sent from my moto g(7) using Tapatalk

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            • Originally posted by Bouncer View Post
              And xrp hardly moving ahaha shit coin

              xrp bought a dogshit company who's stock has plummeted the last 5 years down to nothing and they are calling this a "partnership". ahahah

              Sent from my moto g(7) using Tapatalk
              im ready for that brand new honda civic
              people say nothing is impossible, but i do nothing all day

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