According to an MIT technology review that was published a day ago, this is the year when the blockchain will become normalized so we are going to find out more about it in today’s blockchain news.
The Review is a magazine owned by the United States Massachusetts Institute of Technology and in their article, there is an overview of the recent history of the blockchain. The article reads that the technology should disrupt the global financial system back in 2017 but failed to do so in 2018 as well.
However, the Review says that this year many new projects will emerge and many large corporations have plans to launch blockchain-based projects so this will essentially be the year that blockchain becomes normal.
The magazine gives an example of how the entire blockchain sector can get transformed after many Wall Street players enter the market such as the New York Stock Exchange and the investment giant Fidelity.
Another example is the improvement in smart contracts that will lead to use in multiple legal contexts that will bring the blockchain one step closer to mainstream adoption. The final argument in the article is that the normalization process of the blockchain technology and the entire crypto sector will lead to the reshaping of the entire crypto ideology.
One year ago in January, an analysis showed that the heat surrounding the blockchain revolution is captured by the many lucrative possibilities that the technology has to offer. Businesses that use the word tech in their name has become a buzzword that increases the chances to enter and boost their business on the hyped market.
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Ripple And MoneyGram Join Forces: $50M Investment On The Way
“Through Ripple’s xRapid product, we will have the ability to instantly settle funds from U.S. dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.”As the website shows, MoneyGram is the second largest payments firm in the world. The coming altcoin news and its partnership with Ripple will also help the blockchain firm to gain presence in more than 200 countries (where MoneyGram actively operates). Much of the company's business lies in the remittances market, which value is estimated at around $600 billion. The CEO of Ripple, Brad Garlinghouse, also shared his excitement about the new Ripple and MoneyGram partnership, stating:
“This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies."Payment processing and sending money globally through the blockchain are definitely something that can be improved with this new partnership. By joining Ripple's growing and global network, financial institutions can process their customers' payments anywhere in the world instantly, reliably as well as cost-effectively.
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“Participants reflected on the legitimate use of blockchain technologies, including the use of cryptocurrencies for trading and investment activities, payment method and as a store of value.”As noted in the coming altcoin news, blockchain technology spiked the interest in business leaders and governments around the world. There will be a part of every business in the future consisted of blockchain since already some major companies such as Amazon, Google and Microsoft are all into the technology.
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