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- This is not where I was born but much of my childhood I lived right here. One of the biggest limiters of success is none other than yourself. We lived in a simple house next to a lagoon where cows would keep coming into our yard and thieves kept stealing our black and white TV.
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- A South Korean payments company responsible for billions of dollars’ worth of transactions has announced a partnership with a key Ripple ally.
Moneygram, a financial services company, has partnered with Sentbe, a South Korean payment startup that, among other companies, services the regional operator of Samsung, the titanic telecommunications company.
Cross-border payments startup Ripple—whose native cryptocurrency, XRP, enjoyed a three percent hike overnight—last month saw its services integrated into Moneygram as part of a “strategic partnership.” With Moneygram now expanding into South Korea, that could deepen Ripple’s own influence.
The Moneygram/Sentbe intersection will supposedly establish Sentbe as Moneygram’s “first virtual agent” in South Korea. It’s unclear exactly what a “virtual agent” is, but it appears to be the digital equivalent of a high street branch, a la Western Union. We have reached out to Moneygram for further clarification.
Last month Ripple committed $50 million in capital to Moneygram—in exchange for equity—as part of a deal that would see Moneygram use Ripple’s services to “instantly settle funds from US dollars to destination currencies on a 24/7 basis.” Do you think Ripple is making progress in the blockchain space?
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- Which one would you choose?🤔
Left or Right?☝🏻
Comment Down Your Thoughts Below!👇🏻
- Business as usual - Michael Douglas in “Wall Street”, 1987
- Yesterday, Deutsche Bank announced they would be cutting 18,000 jobs in one of the biggest restructurings in the financial sector since the upheaval of the 2008/09 crisis.
For Deutsche Bank it marks the latest chapter in an ugly saga that's spanned more than a decade. Dogged by regulatory infringements, scandal and intense competition from US peers, Deutsche Bank's investment banking business has struggled to keep its head above water, which has been reflected in its share price.
The reorganisation announced is mostly centred around exiting the global equities (stocks and shares) trading business, in a bid to focus on its German roots. For a while now it's been likely that Deutsche would have to "rip the band-aid off" and do something dramatic.
Having now done exactly that, the company estimates it will cost €7.4bn (roughly $8.3bn) over the next three years. Pretty expensive band-aid.
- This graph shows that wealth does not come overnight. Money come to those who are patient. 🔥
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- Investment does not need to always revolve around money. People tend to forget that YOU are the greatest investment ever. YOU are the only investment that can provide the most ROI. Stop thinking only in monetary terms. As a matter of fact, focus on transforming yourself into a better person🔥
Money is attracted to those who believe in themselves. Stop procrastinating and start taking MASSIVE ACTION.☝🏻
Forget what people say about you, instead pivot on your ideas and turn them into reality!🙌🏻
Comment Down Your Thoughts Below!👇🏻