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You are here: Home / Search for "cryptocurrency regulation"

Search Results for: cryptocurrency regulation

Crypto Binance Ranks #7 Google Search Terms in Thailand for the year 2019

January 2, 2020 by Tabassum Naiz

Undeniably Thailand is one of the top crypto-friendly countries and the result of the latest Google trends depicts that the country’s citizens are searching “Crypto Binance” to a great extent.

Binance Search Term Ranks #7 in Thailand

The news was first shared by Binance Boss “Changpeng Zhao (CZ)” via a tweet, which unfortunately is not available. However, as per bbc.com, people in Thailand used crypto Binance widely among other such terms. The top 10 search terms for the year 2019 on Google includes; tasting, shopping, use; Karma; mistress; leaves that blow; Stone Hearts; election results 2019; Crypto Binance; Share Chain Nice Review; sensual Mead; Love inspires an emergency.

Undeniably, Binance is one of the world’s largest crypto exchanges that offer its trading and other crypto-related services across almost all the countries of the world. More so, with the popularity of crypto and blockchain in today’s world, enthusiasts and investors are digging deeper into the concept of decentralization, digital currency, and blockchain ecosystem.

As for Thailand, the country is reportedly reforming cryptocurrency laws in 2020 as stated by the Securities and Exchange Commission (SEC). Although several details regarding the crypto policy remained unseen, it was said that the country’s regulators Ruenvadee Suwanmongkol, the secretary-general of the SEC thinks “the regulator must be flexible to apply the rules and regulations in line with the market environment.

“For example, laws should not be outdated and should serve market needs, especially for new digital asset products, and be competitive with the global market. We need to explore any possible obstacles.” Added Ruenvadee.

The news of Binance appearing among the top search terms of Google in Thailand comes in a wake of Binance’s support announcement for Ethereum Muir Glacier upgrade. The exchange announced on Monday, 30th December that the exchange will temporarily suspend deposits as well s withdrawals for Ethereum during the upgrade. Notably, the upgrade is scheduled for January 2, 2020.

“ETH deposits and withdrawals will be suspended before block 9,200,000, the time selected to perform the estimated update to take place on 02/02 2020 (UTC). Note that ETH trading will not be affected during the upgrade, ”elaborated Binance.

Filed Under: Altcoin News, Industry, News

Jameson Lopp discusses Bitcoin adoption as analysts predict 2020 bull run

December 24, 2019 by Ketaki Dixit

The popular cryptocurrency proponents gave his two cents on why Bitcoin had hit a speed bump in terms of adoption and also pointed out the silver linings in the space. 

Bitcoin’s mass adoption has always been touted to be the marker for positive developments for the world’s largest cryptocurrency. Since its inception, the digital asset has gone through changes and price fluctuations that beat expectations set by multiple sectors of the industry. Despite hitting record highs in the winter of December, Bitcoin has not been able to climb to such zeniths since then. The current hold between the $7000-$8000 range has caused many proponents in the space to come out in support of the cryptocurrency, one of the being Jameson Lopp.

The CTO of Casa HODL had tweeted:

“There are many reasons why Bitcoin isn’t ready for mainstream adoption; development is ongoing. On the bright side, if you are reading this then you are (or still have the opportunity to be) an early adopter.”

The tweet was appreciated by the community with many claiming that the sideways moving market was the best time to accumulate more Bitcoin. The phenomenon known as ‘buying the dip’ has been advocated by several famous personalities in the crypto sphere. Some evangelists even inform users how much BTC they purchase on a daily basis. Lopp was also met with criticism from Twitteratis who refuted that Bitcoin had a vast array of problems apart from the lack of mainstream adoption.

oudekaas had replied:

“Oh there are many reasons why merchants stopped accepting BTC from 2017 onwards…..

1) the temp. 1 mb limit, kept in by BTC developers

2) uasf allowed by devs

3) crippling of Bitcoin by adding Segwit and changing the core design that was build set in stone, because devs”

Bitcoin has pulled through multiple rifts in the industry, each of which was supposed to be the ‘death of Bitcoin’. At press time, Bitcoin was trading for $7512.05 with a total market cap of $136.1 billion. The 24-hour market volume had raised to $26.55 billion after a 4.45 percent hike in prices.

There are communities within the Bitcoin base who think that adopters in 2019 cannot be really classified as ‘early adopters’ because of ‘negative additions such as competing coins, government coins, regulations etc.’. Experts are however confident that a bull rally was incoming for Bitcoin and users just had to wait for it to happen. The confidence lay in the fact that Bitcoin was currently at a potential local resistance with an aim to break the $8000 barrier soon.

 

MacnBTC, a popular cryptocurrency veteran had informed that Bitcoin’s MFI was resetting well which the CME had the possibility to gap from $7230. The chance for Bitcoin to hit $7900 was also discussed by analysts as 2020 was seen as the year several anticipated projects would take off.

Filed Under: Bitcoin News Tagged With: Bitcoin (BTC), Crypto Adoption

European Central Bank Might Foster its Plan to Develop Central Bank Digital Currency (CBDC)

December 5, 2019 by Tabassum Naiz

The decentralized domestic currency has been making news lately following the uncertainty around crypto regulations. In more recent updates, European Central Bank is said to be considering the launch of its own digital currency if private financial players are unable to upgrade the cross-border payment system.

In essence, European Central Bank believes that the consumers are moving away from cash for payments, which urged ECB to dig deeper into the possible alternative to ensure the general public still holds and uses central bank money. As a result, ECB is considering accelerating its plan to develop Central Bank Digital Currency (CBDC) for citizens, especially when the “use of physical cash declines.” The Central Bank asserts that;

“A future decline in cash usage could be a catalyst in accelerating central bank efforts in the area of CBDC.”

This update was first reported by Bloomberg that claimed to have obtained an internal document of ECB. According to Bloomberg, ECB stressed about the decline in the use of cash in payment and analyzed the need for a “ready-solution” to respond when required. ECB further laid down the emphasizes of issuing a CBDC if industry efforts fail to innovate payment solutions in Europe.

According to the document;

“A CBDC with the status of legal tender could guarantee that all users have, in principle, access to a cheap and easy means of payment.”

Interestingly, the reasoning put forth in the wake of a significant transformation of several European countries from cash towards some form of digital payments. However, ECB isn’t the first country to consider CBDC as the alternate solution, China, for example, is another country that is leading the wave of decentralization and blockchain technology.

Nevertheless, yet another reason behind ECB considering CBDC is that the progress on retail payments across Europe has reportedly been plodding. A similar point was also echoed by Benoit Coeure, an outgoing executive board member of ECB – Coeure remarked that the “European payment market remained fragmented despite the recent launch of internal TIPS instant settlement system.”

In a nutshell, it should be noted that the European Central bank hasn’t officially discussed its plan to develop CBDC. Instead, Bloomberg managed to obtain access to the bank’s internal document. More so, the document only hints the CBDC as a substitute whenever the need arises in the future.

Hence we suggest you take it with a pinch of salt!


Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: News Tagged With: Crypto Adoption

PR: Thailand establishes its vision of becoming the next Blockchain force at Trescon’s World Blockchain Summit

December 5, 2019 by Guest Author

World Blockchain Summit Bangkok saw the participation of 300+ regional and international blockchain and crypto experts who came together to assess Thailand’s blockchain ecosystem. Top speakers for the summit included Prinn Panitchpakdi, Deputy Leader & Head of Economic Team, Democrat Party; Mike David, Chief Fintech & Virtual Currency Officer, Spokesperson, (CEZA); Topp Jirayut Srupsrisopa, Co-Founder and Group CEO of Bitkub Capital Group Holdings Co., Ltd and Board of Director for Thai Fintech Association and Felix Mago, Co-Founder of Dash Next & Dash Thailand among others.

Thursday, 05 December 2019 (Bangkok): The 14th global edition of Trescon’s World Blockchain Summit debuted in Thailand yesterday, with over 300 crypto enthusiasts in attendance. After covering five countries this year, the global blockchain and crypto conference extended its footprints in one of South East Asia’s most active crypto markets for the first time.

WBS Bangkok saw the participation of regional and international C-level executives, blockchain and crypto pioneers, industry experts, investors, solution providers, and startups who came together to discuss the current and future trends in blockchain and its significant impact on Thailand’s digital economy.

The conference took place after Trescon’s Startup Grand Slam Pitch Competition that brought together leading early-stage startups for a live on-stage battle for the most innovative ideas in the emerging tech space. BabyToken – a cryptocurrency and a blockchain ecosystem created by one of the most popular health-tech apps in the world – Pregnancy Tracker was the winner of the pitch competition.

The summit also hosted an honorary award ceremony to felicitate EXW Wallet as the Best Wallet of 2019 along with the Best Blockchain Entrepreneurs Under 30, namely, Benjamin Herzog, Founder; Manuel Batista, CO-Founder and Pirmin Troger, CO-Founder/ CNO of EXW Wallet.

Blockchain summit
Credit: WBS

WBS Bangkok had a cohesive agenda that primarily explored multiple facets of blockchain and cryptocurrency in the global context and for Thailand’s blockchain ecosystem. One of the essential topics of discussion at the conference included the global outlook for 2020.

While talking about the legal and regulatory landscape in Asia and Thailand, Kullarat Phongsathaporn, Partner at Baker & McKenzie Ltd, added, “We’re likely to see more regulations globally in the digital asset world. This is a good sign, in that it is creating a real impact and more traction, so much so that the regulators are really active. We need a holistic direction from the government, so next year we can expect more synchronization from regulators.”

The conference also featured a real-time live polling debate on Blockchain being a foundational layer to create trust within enterprises. The panelists included Felix Mago Co-Founder of Dash NEXT & Dash Thailand; Cris Tran, Regional Head, Managing Director of Infinity Blockchain Ventures and Managing Partner for Asia Blockchain Review; Clayton Roche, Country Ambassador for Maker DAO; Jorge Sebastiao, CTO of EcoSystem, Huawei and Joeri Van Geelen, Managing Partner APAC for Prysm Group as the Moderator for the debate. Interestingly, the poll result confirmed a favorable response from the audience towards working blockchain in the enterprise space.

#WBSBangkok 2019 was officially sponsored by Strategic Partners, Bitkub, Dash Thailand, Prysm Group.

Platinum Sponsors, Future1Exchange, Simbcoin, Startup Studio; Gold Sponsor, ACO Platform, Silver Sponsors, Synchrobit Hybrid Exchange, Wink Pay, Synchro Ledger, Pik Chat, CoinKeeper Pte Ltd, Opu Labs, Inc, Relictum Pro; Pre-event Party Sponsor, Hustle Token Pitch Partners, ProperSix Ltd, BabyToken, Bitcrore Foundation, BeFaster,  Bullionblock Ltd,; Exhibitors, Beldex International Limited OÜ, Cryptoknowmics, Game of Tron and ecxx.com

Association Partners, Thai Fintech Association and DAFEX

About Trescon

Trescon is a global business events and consulting firm specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, expos, investor connect, and consulting services. For more information, visit https://www.tresconglobal.com.

For further details about the announcement, please contact:

Rahul Harindra

Corporate Communications Manager

marketing@tresconglobal.com

Tel: +91 080 4611 3911


Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Press Release Tagged With: Paid PR News

Ripple founder reiterates that crypto and fiat working together would create wonders in financial ecosystem

November 27, 2019 by Ketaki Dixit

Ripple has been one of the few companies in the cryptocurrency industry that has stated that instead of fighting against banks, cryptocurrencies can be used to make the fiat process faster and the financial ecosystem much more streamlined. During a recent Ripple Drop interview with Chris Larsen, the billionaire founder of Ripple reiterated the fact that the company was building a foundation upon which multiple layers of technology could work.

Larsen claimed that Ripple focused on moving value with the help of the distributed ledger in a bid to make transactions faster and more transparent. The founder said:

“What we are planning to achieve is analogous to the internet protocol. Digital assets are impossible without the all important blockchain technology and these assets in turn play an important role in reducing liquidity, overall costs and greasing the value of other assets like the dollar and the pound.”

Chris Larsen also admitted that fiat currency will remain the dominant form of capital but what crypto and blockchain can do is to supplement that growth. The founder was further asked about the situation of regulatory clarity in the United States and what should be improved. According to the Ripple official, the key word is ‘clarity’ because that is what is missing in the States. In his words:

“There are way too many inconsistencies in our rules with way too many question marks about basic aspects of regulations. This is what is holding back innovation and developments in the space which truthfully has to boom. We at Ripple advocate that the best system that can be opted by the government will take into consideration the customer first.”

Larsen urged governmental agencies such as the FINCEN and the Treasury to work together so that cryptocurrencies can be fostered in an environment of safety and innovation. The best part is that the advantages of using such a technology will be felt positively across the board, he said. Ripple’s founder was frank in admitting that even though the United States may not have crypto laws like Singapore or Switzerland, it still needs their regulatory clarity.

Ripple had another reason to rejoice yesterday as its native cryptocurrency, XRP saw its liquidity index hit an all time high on Bitso, a popular cryptocurrency exchange. The XRP/MXN pairing on Bitso scored an all-time rate of 6.254 million, beating the previous ATH of 5.993 million.

Filed Under: Altcoin News Tagged With: Chris Larsen, Ripple (XRP)

Grayscale Investments files Form 10 with SEC to push for Bitcoin ETF launch

November 22, 2019 by Akash Anand

The launch of the Bitcoin ETF has been one of the most talked-about and controversial events in the cryptocurrency industry. Several companies have tried to launch the asset only to be thwarted by regulatory authorities such as the Securities and Exchange Commission [SEC].

The latest company to come to the forefront about a Bitcoin ETF launch was Grayscale Investment Fund, which recently filed Form 10 with the SEC that will designate the organization’s Bitcoin trust.

Michael Sonnenshein, the Managing Director at Grayscale Investments, had said that the move would help in tapping more institutional investors who act as markers for positive growth. The MD was asked about the timing of the latest filing and claimed that despite the Trust being used for years, the need voiced by the community right now was tremendous.

Shonnenshein further added:

“The need for a Bitcoin ETF was always on the rise and currently it is amazing to see the support for it. Ever since we started in may 2015, the plan was to launch the ETF in a positive regulatory climate and if you look at the trailing trading volume for the past three years, has been declining year after year.”

Sonnenshein added that investors in the space were now actively looking for areas to invest and were even asking around for access products that will enable them to get started in the digital assets industry.

He was also asked about why investors would not directly invest in the world’s largest cryptocurrency rather than going to specific organizations for the very same. The Managing Director said that most of the institutions were worried about the issue around cryptocurrency custody and regulations.

According to him, companies that try to work without a dedicated crypto wing generally end up buried in logistics such as ‘Who at the company will store PKs?’ as well as assigning duties to people who will conduct due diligence in the space. Sonnenshein added:

“We create the look and feel of the product that institutional investors will be able to use. In Q3, we had 84 percent of inflows just from hedge funds that needed their digital assets dealt with efficiently.”

One other company that overcame this issue recently was Fidelity, which received its own bitcoin trading and custody license in the city of New York. The New York State Department of Financial Services had granted the permit that will now allow Fidelity ton securely store, purchase, sell and transfer Bitcoin to citizens in the city.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Bitcoin News Tagged With: Bitcoin ETF

German banks begin introducing negative interest rates as holders contemplate turning to Bitcoin

November 22, 2019 by Ketaki Dixit

Germany has been one of the few countries that have entertained blockchain technologies and cryptocurrencies, while other regions were still considering what to make of digital assets. The European nation may have inadvertently given Bitcoin and other cryptocurrencies a boost when the Volksbank Raiffeisenbank Fürstenfeldbruck (VRF) in Northern Bavaria revealed that they would be charging bankers for holding their assets within the bank.

The German bank has stated that that they were forced to do it because of the increased “parking” fees proposed by the European Central Bank [ECB]. Holders will be charged for as little as 1 euro, a revision to the previous rule that stated that adverse interests would only affect deposits above 100,000 euros.

With the latest imposition, VRF becomes the first bank in the country to designate negative interests lower than the earlier stipulated amount. The decision taken by the bank has undoubtedly left many investors reeling with Horst Biallo, the founder of a consumer portal stating:

“The reaction of the bank from Fürstenfeldbruck does not surprise me. Many other banks will do that in the future, to scare off people who only come to them because they have to pay these interest elsewhere.”

The new ruling will affect all money market accounts that were created since October 1. Every customer who creates a new account with the bank, it will demand a 0.5 percent negative interest from the depositor. Sources have stated that for a long time, only wealthy private and corporate clients were affected by negative interest rates. There have also been reports that state that the negative interest trend will continue and that the rates may go up even more.

The ECB has been held responsible for the changes in the rates as the central bank had reduced interest rates from 0.4 percent to $0.5 percent back in September. A new statement released by the directors of the Fürstenfeldbrucker Bank revealed that holders had already begun the migration to other banks and their services. The financial analysis predicts a massive drop in customer satisfaction as a large sector of society will be affected by the latest regulation.

Some cryptocurrency proponents have come to the forefront at this time to state that such a problem would not be present if digital assets were used because they belonged to a decentralized system. Crypto bulls have spread the message that despite Bitcoin’s recent fall,  the bull run was just around the corner and that it possesses umpteen more advantages than regulated fiat currency.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Bitcoin News Tagged With: Bitcoin (BTC), European Central Bank

HSBC in the eye of the storm as bank decides to cancel protest-related accounts in Hong Kong

November 19, 2019 by Akash Anand

The fundamental human right to protest has resulted in mass movements that have overthrown governments and changed the course of financial developments. One such protest was the recent example in Hong Kong, where millions of people took to the streets to oppose the bill that allowed the government to send its citizens to China for extradition. Now, one bank has come to the fore for cutting off access to protest funds and rebel resources.

HSBC, one of the world’s largest banking conglomerates, recently revealed that they would be canceling all accounts related to crowdfunding campaigns. The organization has stated that the decision was made because of a fund that accepted donations and used it for other purposes. HSBC has given the party a 30-day notice period, which it has to comply with.

The Hong Kong Journal, one of the most popular newspapers in the region, revealed that they found funds were being used inconsistently with its original documents and paperwork. Vin Tran, one of the spokespeople for HSBC Hong Kong, stated:

“As part of our responsibility to know our customers and safeguard the financial industry, we regularly review our customers’ accounts,. If we spot activity differing from the stated purpose of the account, or missing information, we will proactively review all activity, which can also result in account closure.”

HSBC is one of many companies that has had to go through the financial tornado, with citizens hoping against hope that a solution would come soon. 612 Humanitarian Relief Fund, an organization that helps protestors with their legal and medical expenses, has currently stated that their holding HDC account is still fully functional.

Hong Kong has been a financially positive state for HSBC as the bank drew a surplus of 35 percent revenue from the region in the first nine months of business commencement. Some members of the cryptocurrency community have stated the decision will affect hundreds of other activists and that centralization is a real hindrance to freedom of speech and expression. Rhythm, a famous cryptocurrency proponent tweeted:

“BREAKING: HSBC just shut down bank accounts for Hong Kong anti-extradition bill events, as reported by the Hong Kong Economic Journal. I.E. closing accounts for protesting demonstrations. Bitcoin fixes this. This is why Bitcoin was created, for making the transactions they say you can’t make.”

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: News Tagged With: Banks, Bitcoin (BTC)

Major Chinese newspaper urges the US and China to work together in the blockchain

November 19, 2019 by Ketaki Dixit

The developments and creations in the United States and China have been driving the financial market, and the mainstream race has also been reflected in the cryptocurrency industry. With China revealing new details about its positive push into the digital asset industry, the US has been trying to keep pace with the Red Dragon.

Movements on social media platforms have mostly created the general dislike surrounding the two political and technological giants. Still, some members of the community have also taken a positive spin on it.

In a recent piece written by Edward Tse for the South China Morning Post, the author explained how blockchain could help in solving a lot of finance and economics issues. He suggested that if companies from both countries worked together, then it could result in substantial growth in the overall industry. He stated that:

“According to PwC, 40 percent of food companies find food fraud difficult to detect with current methods and 39 percent believe their products are easy to counterfeit. Blockchain could be the answer to such supply chain frictions.”

China has been thinking big in the blockchain industry and has even recently published regulations on blockchain use to cater for a significant increase in applications. In 2018 a blockchain platform was launched in Shenzen to serve the Guangdong-Hong Kong-Macau Greater Bay Area.

The United States, on the other hand, has been watching its back as China continues its spree to the top of the industry. During February of this year, Donald Trump ratified an executive order to put America at the top, which was rebooted again last month by a group of experts who work to propagate public policy on technology, education, and homeland security.

The States have also banned companies such as Huawei from operating within its borders, and the author believes that such bans will only result in the zero-sum game. Tse further opined that collaborations are the key to proper sustainability and even cited recent examples that prove his point.

Companies such as IBM, Walmart, Tsinghua, and JD.com had partnered up on a blockchain project in December 2017 to create food safety solutions using IBM’s blockchain platform. Edward Tse concluded by saying:

“Though differences exist, and will continue to exist, the world will benefit if the two leading economic powers can seek commonalities, rebuild trust, cooperate on technological initiatives, and establish global governance and code of conduct on blockchain technology and its applications.”

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: News Tagged With: Australia, Blockchain, China

MoneyGram CEO believes Ripple partnership is a transformative one

November 14, 2019 by Akash Anand

Ripple’s partnership with MoneyGram has been one of the key highlights this quarter in the cross border transactions industry. Several luminaries and proponents of the field have claimed that Brad Garlinghouse had bagged an excellent opportunity to spread the use of cryptocurrencies in the remittance market.

During the recently concluded Ripple Swell Conference, Alex Holmes, the Chief Executive Officer [CEO] of MoneyGram, spoke to the Ripple CEO about the pressures the industry faces and what’s next for space.

Holmes admitted that the deal between Ripple and MoneyGram was a transformative one as many players in the most enormous scale industry do not attempt to use digital assets to further their cause. The MoneyGram CEO opined that the remittance market had changed a lot in the last several years, and using blockchain technology and cryptocurrencies were definitely the way to move forward.

Garlinghouse further inquired Holmes about the challenges, hurdles, and milestones faced by MoneyGram after entering the decentralized industry. Alex Holmes stated:

“What has amazed me the most is the amount of pressure that legacy players face. The fundamental challenge of moving money around the world is that there isn’t a lot of coordination between financial institutions and there should be more solutions to connect all of these pieces. More and more companies are looking to make the economy move like it should.”

As the discussion proceeded, Holmes also said that at the present moment, there was a balance to be achieved by financial bodies between cash and digital. According to him, the updates and developments do not stop at one milestone but instead have to be prolonged for a long time. Companies now have to be omnipresent in a sense, said Holmes.

MoneyGram has revealed that they are migrating to a legacy system on the cloud with an aim to use blockchain DLT to improve the company’s core systems. The organization’s belief that ODL is the forefront of technology is something that propelled its partnership with Ripple into fruition. Holmes also said:

“Financial institutions have a large opportunity to leverage blockchain and digital assets in order to think differently and push forward more innovation.”

The two partners have stated that they want to push aggressively at the moment to ensure that more trade corridors are opened up that will utilize disruptive technology. Alex Holmes was frank in stating that a couple of years back when the industry was nascent, he did not think it would be anything more than a way to make money. But now he insists it is a new foundation upon which the world can be built.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Altcoin News Tagged With: Cross-border Payments, Moneygram, Ripple (XRP)

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