Letter #29. MoneyGram will integrate Ripple
• Goldman Sachs admitted that cryptocurrencies could succeed as real money in developing economies. Nonetheless, the investment bank warns: “...digital currencies should be thought of as low/zero return or hedge-like assets, akin to gold or certain other metals.” https://goo.gl/ceCJ37
• MoneyGram will integrate Ripple’s XRP altcoin into its payment system. XRP is up two percent in the 24 hours. https://goo.gl/pVwRpX
• Conflicting reports have led to confusion after a South Korean minister announced plans of a bill intended to ban cryptocurrency trading in the country.
Reuters:
A press official at the justice ministry said the proposed ban on cryptocurrency trading was announced after “enough discussion” with other government agencies, including the nation’s finance ministry and financial regulators.
South Korea-based Cointelegraph contributor Joseph Young, citing local sources:
South Korea Ministry of Strategy and Finance (MSF):
“We do not share the same views as the Ministry of Justice on a potential cryptocurrency exchange ban.”
Read more: https://goo.gl/1oLbz7