This week’s summary of various cryptocurrency news and developments:
Ripple, the blockchain payments company, has raised $55 million
Back in the August we reported that huge tech giants such as Apple and Google valued Ripple’s technology over Visa, and now the company has managed to raise $55 million in its second major injection of cash coming in from existing investors such as Santander Innoventures and CME Group, as well as new investors such as consultancy Accenture, SCB Digital Ventures and Standard Chartered. Ripple is seen as an extremely exciting startup revolving around blockchain technology, as it is to allow banks to use such technology for international transfers, which will benefit the transactions in terms of speed and security.
iOS 10 brings in integrated social payments via Circle
The social payment system already exists in China, where companies such as Alipay (run by Alibaba) and Tencent allow users to pay for stuff with their phones. Now, iOS 10 has brought it to the west by integrating Circle into the the iMessage app, allowing users to send different kind of currencies such as euros, pounds, dollars and bitcoins to anyone within the app itself. Users will be able to