Central Banks’ Cash Quarantines May Prove Crypto Payments A Good Decision

The coronavirus pandemic continues to ravage the global economy. Therefore, countries such as China and South Korea have instituted cash quarantines as strategic measures to mitigate its spread. This decision follows the World Health Organization (WHO) revelation that cash is a key medium for the virus'  transfer. Following The Trend Hungary is the most recent country to follow the trend. Local reports indicate that the country's central bank announced that it would be withdrawing billions of banknotes from circulation daily.…

Ripple’s $11.3 Million Contribution Into MoneyGram is Declared As Profits

SEC filing disclosed that MoneyGram received cash incentives from Ripple amounting to $11.3 million that had wrongfully been reported as profits. However, Ripple’s CEO Brad Garlinghouse set things straight confirming that his company gives monetary incentives to its clients. SEC's Involvement Ripple invested in MoneyGram in June 2020 and has since been pumping huge sums of money into the venture. The revelation comes from a U.S Securities and Exchange Commission (SEC) filing on the 2nd of March 2020.  A recent…