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Take Stripe, for example: The eight-year-old startup processes payments around the world for clients including Google and Uber, and it reported this week that it’s valuation has doubled in recent years to $20 billion. In a parallel sector, TransferWise, the London-based money transfer service, handled 1.4 million payments in March, up from 800,000 a year before, while also reducing its transaction charges. However John Collison, Stripe’s president and co-founder, told Recode this month that he still sees potential for crypto for payments outside the likes of the US, which already has an established, well-functioning system.
The San Francisco-based company also said in 2014 that it provided funding for Stellar, a digital token which could be used for cross border payments. TransferWise’s chief technology officer Harsh Sinha says the company has sped up this process by replacing the correspondent banking network altogether—it strips out the intermediary banks—and didn’t need crypto to do it. “We’re still waiting to see an innovative use of blockchain technology that solves the bigger problems with cross border payments,” he said.
Ripple, whose investors include Google Ventures, has been among the highest-profile companies seeking to replace traditional banking systems with crypto technology. It has been adding money transfer companies and banks to its network, and says pilots have shown that cross border payments using its systems and its preferred XRP crypto coin were cheaper. Previously, in Future of Finance Friday Sept. 21: The godfather of crypto has a plan to keep digital payments and messages private Sept. 14: A history of the next 10 years in banking Sept. 7: Europe’s fintech firms are on pace to set an IPO record this year
Join http://crypto-autobot.com/
Join- https://t.me/cryptosignalalert
Join- https://t.me/btctradingclub
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
For more Bitcoin Crypto Currency news Latest Update Crypto Currency Training Auto Trading Crypto BOT & Crypto Trading Signals join above given telegram channel.
Take Stripe, for example: The eight-year-old startup processes payments around the world for clients including Google and Uber, and it reported this week that it’s valuation has doubled in recent years to $20 billion. In a parallel sector, TransferWise, the London-based money transfer service, handled 1.4 million payments in March, up from 800,000 a year before, while also reducing its transaction charges. However John Collison, Stripe’s president and co-founder, told Recode this month that he still sees potential for crypto for payments outside the likes of the US, which already has an established, well-functioning system.
The San Francisco-based company also said in 2014 that it provided funding for Stellar, a digital token which could be used for cross border payments. TransferWise’s chief technology officer Harsh Sinha says the company has sped up this process by replacing the correspondent banking network altogether—it strips out the intermediary banks—and didn’t need crypto to do it. “We’re still waiting to see an innovative use of blockchain technology that solves the bigger problems with cross border payments,” he said.
Ripple, whose investors include Google Ventures, has been among the highest-profile companies seeking to replace traditional banking systems with crypto technology. It has been adding money transfer companies and banks to its network, and says pilots have shown that cross border payments using its systems and its preferred XRP crypto coin were cheaper. Previously, in Future of Finance Friday Sept. 21: The godfather of crypto has a plan to keep digital payments and messages private Sept. 14: A history of the next 10 years in banking Sept. 7: Europe’s fintech firms are on pace to set an IPO record this year
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