MoneyGram receives another $ 20 million from Ripple

MoneyGram receives another $ 20 million from Ripple

In June, Ripple made a $ 50 million investment in the money transfer company MoneyGram. The first installment of the investment was $ 30 million, and this week Ripple also invested the $ 20 million.

This time, Ripple bought MoneyGram shares for $ 4.10 a share, a price much higher than the current market valuation.

“Our partnership with Ripple is revolutionary for both the traditional money transfer industry and the digital asset industry – for the first time, we settle transactions in seconds”,

said Alex Holmes, President and CEO of MoneyGram.

India postpones decisions on crypto industry

Two major cryptocurrency regulatory issues in India have been postponed. On November 18, the Supreme Court postponed the decision deadline on restrictions imposed by the central bank until January 14. Several Indian crypto exchanges have sued Reserve Bank of India (RBI) for having their bank accounts closed.

The Indian government also had to introduce the bill “Prohibition of cryptocurrencies and regulation of digital currencies 2019” in the winter session of the Parliament. On November 15, Parliament published the agenda for the winter session, which does not include the bill on cryptocurrencies.

Binance Lauchpad announces new IEO – Troy Trade

The launch platform for new crypto projects Binance Launchpad has announced a new IEO, Troy Trade.
Troy Trade is a project that wants to offer crypto brokerage services to institutional clients. These include spot trading, margin trading, derivatives, storage, lending and even staking. The TROY token itself will give access to all these functions on the platform.

800 million tokens will be available for sale in the lottery system, which can be purchased by 2000 users. In addition, Binance will build a $ 10 million TROY token airdrop totaling approximately $ 50,000.

The IEO will be held on December 4, and details can be found on the official Binance Launchpad website.

Travala announces the extension of services to all locations on Booking.com

Travala, a service that allows users to pay for hotel stays with cryptocurrencies, will allow customers to book any hotel that can be booked through Booking.com.

Booking listings have already been integrated on its platform, so 90,000 destinations are now available with cryptocurrencies.

The work currently supports 20 major cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dash (DASH), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Stellar (XLM), Cardano (ADA), Binance Coin (BNB), Monero (XMR), Waves, Tron (TRX), XRP and Dai (DAI).

Also on November 25, Travala announced that its AVA token has been listed on Binance DEX.