• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    metaplanet bitcoin strategy oil

    Metaplanet Invests $53M in Bitcoin to Lead Japan’s Crypto Market

    chaotic bitcoin trading scene

    Bitcoin Experiences $4,000 Drop, Triggering $300M Liquidation

    financial chaos crypto storm

    Bitcoin’s Sudden Drop Triggers $300M Crypto Liquidations

    michael saylor bitcoin forecast

    Michael Saylor Predicts Bitcoin’s 30% Annual Growth for 20 Years

    michael saylor bitcoin meeting

    Michael Saylor Projects 30% Bitcoin Growth Over 20 Years

    michael saylor bitcoin lecture

    Michael Saylor Projects 30% Annual Bitcoin Growth

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    futuristic wall street ethereum

    Peter Thiel Backs Ethereum for Wall Street Integration

    peter thiel ethereum visionary art

    Peter Thiel Invests Heavily in Ethereum for Wall Street Expansion

    futuristic ethereum cityscape

    Peter Thiel Invests in Ethereum for Wall Street Infrastructure

    peter thiel ethereum investment

    Peter Thiel Bets on Ethereum for Wall Street Use

    layerzero stargate merger artwork

    LayerZero Acquires Stargate Finance in $120M Deal

    ethereum investor reflective art

    Ethereum Investor Loses $1.54M in EIP-7702 Scam

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Transfer Wise Hasn’t Seen the Benefit of Using Ripple Technology

Solomon M. by Solomon M.
November 22, 2018
in Altcoin News, Ripple
Blockchain

Blockchain has been touted as the next big thing after the internet. The technology that underpins bitcoin has been praised by big players including MasterCard, IBM and Bank of America as one of the best technological breakthroughs the world has ever seen. However, payment startup that processes transactions in over 70 countries thinks the blockchain tech has not proved itself as a worthy alternative to its existing framework. 

A cross-border payment company ‘Transfer Wise’ has vowed never to foray into the blockchain space unless more banks begin to use Ripple network, Fortune reported. In an interview with Fortune, Taavet Hinrikus, chairman and co-founder of Transfer Wise, said:

“If every bank in the world was going through the Ripple network, it would be amazing. Yet how many banks are using Ripple today in production? It’s a very short list… if any of these gets enough adoption, and it actually materially help us do things cheaper and faster, we’d love to, but so far we haven’t found one.” 

According to the payment company, many banks are yet to adopt the technology. Therefore, it sees no reason to embrace blockchain.

Transfer Wise claims that they take less than 15 seconds to move funds from Australia to the United Kingdom. It also charges a fee that is not more than 1% of the transaction amount.

“We’ve heard this dream many times from different people. However if you start digging into it, you realize that it may look great on paper, but in reality, to make use of it, it’s really hard… We’ve looked at different blockchain technologies, but yet we haven’t found anything which enables us to do what we do in a way that is cheaper or faster,” he said.

While Transfer Wise claims it has not seen the benefit of using Ripple, there are already many banking giants such as PNC and Bank of America that have embraced the Ripple network.

 

Tags: BlockchainHinrikusiBMMasterCardRippleTransfer Wise
Previous Post

Minting Attack: Critical Vulnerability Found in Ethereum Framework

Next Post

Zcash Review: Things to Know Before Investing in ZEC

Solomon M.

Solomon M.

Related Posts

futuristic wall street ethereum

Peter Thiel Backs Ethereum for Wall Street Integration

by Solomon M.
August 24, 2025

Peter Thiel invests in Ethereum, aiming to position it as Wall Street's platform for real-world assets.

peter thiel ethereum visionary art

Peter Thiel Invests Heavily in Ethereum for Wall Street Expansion

by Solomon M.
August 24, 2025

Peter Thiel's significant investment in Ethereum positions it as Wall Street's preferred platform for real-world assets.

futuristic ethereum cityscape

Peter Thiel Invests in Ethereum for Wall Street Infrastructure

by Solomon M.
August 24, 2025

Peter Thiel's Founders Fund bets on Ethereum for institutional RWA advancements.

peter thiel ethereum investment

Peter Thiel Bets on Ethereum for Wall Street Use

by Adriana M.
August 24, 2025

Peter Thiel increases investment in Ethereum for real-world asset tokenization on Wall Street.

layerzero stargate merger artwork

LayerZero Acquires Stargate Finance in $120M Deal

by Solomon M.
August 24, 2025

LayerZero acquires Stargate Finance for $120M amid strong DAO approval, impacting cross-chain governance.

ethereum investor reflective art

Ethereum Investor Loses $1.54M in EIP-7702 Scam

by Adriana M.
August 24, 2025

Ethereum investor defrauded of $1.54 million in a scam exploiting Ethereum's EIP-7702 upgrade.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.