Ripple Labs now taking cash payments following deal with ZipZap and SnapSwap
Payment system and virtual currency Ripple is now taking payments in physical cash, thanks to a deal with ZipZap, and SnapSwap. ZipZap, a service that allows people to complete online transactions by paying in cash at selected locations, has partnered with SnapSwap, which is a gateway onto the Ripple network. SnapSwap already enables people to make payments from their US bank accounts into Ripple, and to draw it out again using Dwolla. Ripple has 12 gateways for its network, which allow funds to enter and exit the system from the world of fiat currency. There was also a Bitcoin Bridge,....
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Ripple Labs CEO Chris Larsen sent the digital currency community buzzing this week when he tweeted that Ripple Labs is working with Western Union on real-time payment settlements. Many view such a partnership as a sign of Western Union's willingness to become more active in the digital currency space. The partnership also signifies a growing recognition of Ripple Labs' open protocol that lets people send digital currency across the Internet-based distributed network. Ripple Labs signed an agreement in the fall with two U. S. banks (Cross River Bank in New Jersey and Kansas-based CBW Bank)....
UK residents will soon be able to walk into one of 28,000 shops across the nation and pay for bitcoins in cash, thanks to a new deal forged by ZipZap. The global cash payment network has partnered with a well-known but as-yet-un-named company in the UK. ZipZap plans to offer this service in partnership with its network of bitcoin exchanges worldwide. This means that, from January, people will be able to buy bitcoins from a number of reputable exchanges through a single source, and pay in their neighbourhood with physical cash. ZipZap is currently available at 700,000 locations worldwide:....
ZipZap first started out as a network for consumers to make payments with convenience. Now ZipZap has announced that they have raised a $1,000,000, with the main focus of strengthening their network for digital currencies. If you would like to know more about this, Marco did a quick write up of the topic, read it here. ZipZap was born from an idea to provide a cash payment option for consumers that wished to make internet purchases and did not have a bank relationship. This idea, in time, morphed into a global service and expanded to other forms of payment. ZipZap is a global payment....
Americans can now make instant deposits to Ripple from several US banks, according to a post published in the company's blog. This announcement was made on August 22, and indicated a recent partnership between SnapSwap and Knox Payments. SnapSwap Inc. is a Washington-based startup that develops gateway services for Ripple in the US and Europe. The company was founded in May 2012 by banker and entrepreneur Denis Kiselev, and co-founder and CTO Natalia Pavlova. "Now a business can put our button on their website, and when people go to pay, they can choose to pay with their bank. Our thesis....
Firstly, what’s ZipZap? ZipZap is a payment network through which people can buy bitcoins with cash and some other payment methods. Personally, any way to spread bitcoin to more people is great in every way, and more so when you give them easier ways to access bitcoin. From the website, it says that the team behind ZipZap expects digital currency to reduce poverty, create jobs, improve healthcare, and a couple more. I was able to arrange an interview with Alan Safahi, CEO at ZipZap, in which he answered a few short questions: