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    Ripple terminates its multi-year partnership with MoneyGram TL;DR Breakdown: Ripple has terminated its partnership with MoneyGram Earlier this month, MoneyGram was sued for allegedly presenting false statements regarding its partnership with the blockchain company. The blockchain company behind XRP cryptocurrency, Ripple, has officially disclosed the termination of its multi-year partnership agreement with one of the big-name payment companies, MoneyGram. The development is coming some days after MoneyGram was sued for allegedly presenting misleading statements concerning its collaboration with the blockchain payment company. MoneyGram may no longer be using XRP payment services going forward. Meanwhile, the XRP cryptocurrency trades at $0.4793 (a 2.21 percent increase on a 24-hour count), according to Coinmarketcap. Ripple, MoneyGram officially terminates their partnership MoneyGram entered the multi-year partnership with the blockchain company in June 2019, which saw the company receiving an incentive from the XRP blockchain company for using its services, although MoneyGram stated last year that it "does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise." However, following the announcement on Monday, the partnership between both companies has been terminated. Both companies were still able to achieve a lot within these periods of partnership, per the announcement. "We are proud of the work we were able to accomplish in a short amount of time, as well as the impact we were able to achieve in bringing this first-of-its-kind product to market. Together, we processed billions of dollars through RippleNet and On-Demand Liquidity (ODL)," the announcement reads. What's behind the contract termination? The main reason behind the development today remains unknown. However, it's worth noting that MoneyGram had suspended trading on Ripple's platform last month, following the charges announced by the US Securities and Exchange Commission (SEC). Earlier this month, a class-action lawsuit was filed against MoneyGram for allegedly presenting misleading statements regarding its partnership with Ripple.

    Ripple terminates its multi-year partnership with MoneyGram

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision 1

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    Ripple terminates its multi-year partnership with MoneyGram TL;DR Breakdown: Ripple has terminated its partnership with MoneyGram Earlier this month, MoneyGram was sued for allegedly presenting false statements regarding its partnership with the blockchain company. The blockchain company behind XRP cryptocurrency, Ripple, has officially disclosed the termination of its multi-year partnership agreement with one of the big-name payment companies, MoneyGram. The development is coming some days after MoneyGram was sued for allegedly presenting misleading statements concerning its collaboration with the blockchain payment company. MoneyGram may no longer be using XRP payment services going forward. Meanwhile, the XRP cryptocurrency trades at $0.4793 (a 2.21 percent increase on a 24-hour count), according to Coinmarketcap. Ripple, MoneyGram officially terminates their partnership MoneyGram entered the multi-year partnership with the blockchain company in June 2019, which saw the company receiving an incentive from the XRP blockchain company for using its services, although MoneyGram stated last year that it "does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise." However, following the announcement on Monday, the partnership between both companies has been terminated. Both companies were still able to achieve a lot within these periods of partnership, per the announcement. "We are proud of the work we were able to accomplish in a short amount of time, as well as the impact we were able to achieve in bringing this first-of-its-kind product to market. Together, we processed billions of dollars through RippleNet and On-Demand Liquidity (ODL)," the announcement reads. What's behind the contract termination? The main reason behind the development today remains unknown. However, it's worth noting that MoneyGram had suspended trading on Ripple's platform last month, following the charges announced by the US Securities and Exchange Commission (SEC). Earlier this month, a class-action lawsuit was filed against MoneyGram for allegedly presenting misleading statements regarding its partnership with Ripple.

    Ripple terminates its multi-year partnership with MoneyGram

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision 2

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision

    BTC/USD Price

    BTC/USD Price Prediction: BTC/USD historic uptrend fails to respond to 1.6% rising treasury bonds

    XRP/USD Price

    XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

    Polkadot price

    Polkadot price prediction: DOT to fall to $28

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    XRP will exist forever – Brad Garlinghouse

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Home News Ethereum News

Ethereum satellite set for launch

Kamsi King by Kamsi King
October 29, 2020
in Ethereum News
2 min read
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  • Ethereum based blockchain satellite to be launched on November 20.
  • This is a first of its kind in the history of space communication.

A record is about to be set as Villanova University College of Engineering. Having partnered with the non-profit organization, Teachers in Space, together, they are set to launch the first-ever blockchain-backed inter-satellite communication.

The launch is expected to be carried out using a Firefly Aerospace Alpha vehicle which would be launched into space on November 20. The project is tagged Serenity.

According to the team of engineers on the project, an Ethereum based blockchain would be used to carry out transactions between the satellites in space; without the need for the interference of the ground stations’ involvement.

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The lead engineer of this project, Hasshi Sudler – who is also an adjunct professor at the college of engineering – implied that this project is groundbreaking. By using blockchain in space, satellites will carry out transactions without the need for ground station involvement.

A blockchain-based inter-satellite communication has never been done before. This Ethereum-backed blockchain satellite would be the first of its kind, and Sudler predicts that it could become a viable sector in the next five years.

Use of Ethereum backed blockchain rising.

The use of Ethereum backed blockchain has risen this year. This year, we have seen an increase in the numbers of Decentralized Finance (DeFi) tokens built on ethereum backed decentralized technologies.

Many of these tokens have become quite popular in the market and save from the recent burst in its bubble, which analysts have predicted to be just a blip, it appears to be here to stay.

Other analysts have also predicted more use for Ethereum significantly when its version 2.0 drops anytime soon. ETH is generally regarded as the second most popular crypto asset after bitcoin and has also gained a whole level of acceptance and usage.

Tags: blockchain and AIEthereum 2.0
Kamsi King

Kamsi King

King Kamsi is a fintech and digital currency writer and enthusiast. He is keenly interested in blockchain and cryptocurrency and their global adoption. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders.

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Ripple terminates its multi-year partnership with MoneyGram TL;DR Breakdown: Ripple has terminated its partnership with MoneyGram Earlier this month, MoneyGram was sued for allegedly presenting false statements regarding its partnership with the blockchain company. The blockchain company behind XRP cryptocurrency, Ripple, has officially disclosed the termination of its multi-year partnership agreement with one of the big-name payment companies, MoneyGram. The development is coming some days after MoneyGram was sued for allegedly presenting misleading statements concerning its collaboration with the blockchain payment company. MoneyGram may no longer be using XRP payment services going forward. Meanwhile, the XRP cryptocurrency trades at $0.4793 (a 2.21 percent increase on a 24-hour count), according to Coinmarketcap. Ripple, MoneyGram officially terminates their partnership MoneyGram entered the multi-year partnership with the blockchain company in June 2019, which saw the company receiving an incentive from the XRP blockchain company for using its services, although MoneyGram stated last year that it "does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise." However, following the announcement on Monday, the partnership between both companies has been terminated. Both companies were still able to achieve a lot within these periods of partnership, per the announcement. "We are proud of the work we were able to accomplish in a short amount of time, as well as the impact we were able to achieve in bringing this first-of-its-kind product to market. Together, we processed billions of dollars through RippleNet and On-Demand Liquidity (ODL)," the announcement reads. What's behind the contract termination? The main reason behind the development today remains unknown. However, it's worth noting that MoneyGram had suspended trading on Ripple's platform last month, following the charges announced by the US Securities and Exchange Commission (SEC). Earlier this month, a class-action lawsuit was filed against MoneyGram for allegedly presenting misleading statements regarding its partnership with Ripple.

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