Crypto News | New Ripple partners

This time we have some information on one of the fastest growing cryptocurrencies – Ripple – for you. According to the latest information, Ripple is doing pretty good, and it seems that it will enter some new institutions. Three new money transfer companies stated that they will begin to use XRP. These companies are MoneyGram, Mercury FX and IDT, a telecom provider. New Ripple partners and investors will embrace the cryptocurrency, which will boost blockchain technology in general, as well. This also means that these new Ripple partners will use XRP within their internal transactions. Apart from this new institutional recognition, there’s one other good news regarding Ripple and cryptocurrencies technology we’d like to share with you. Tim Lewkow and Eli Lang, two former employees of Ripple, started raising money for a cryptocurrency hedge fund. These activities continue to establish cryptocurrencies via investments in the growing ecosystem of digitalized assets through Fractal: Virtual Currency Investment Fund I LP and Fractal: Private Investment Fund LP.

In the second part of our crypto news review today, we’ll present some important business and market news. First of all, we’d like to underline the report of the American Chamber of Commerce in China. In its annual report the Chamber states that there is a need for open investment environment that would upgrade trade between China and the United States. Besides that, they are quite optimistic about China’s economic growth. They also think that China’s market will open some more to foreign investments. These are definitely some good news, especially after Trump’s announcement of possible tariffs on China due to alleged theft of intellectual property.

The last today’s news has to do with Uber. On Tuesday, they said that they will sell the vehicles of their auto-leasing business Xchange Leasing in order to startup a digital car marketplace called Fair. Fair will that way become the exclusive Uber partner in the United States.


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Author: Max Rothstein

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