Seagate Technology Plc shares erased a gain of more than 5 percent in premarket trading after providing few details on its stake in Ripple Labs Inc., the company behind the third-most-valuable cryptocurrency.
Mobile wallets blend together, going so far as to share the same branding pattern — Apple Pay, Android Pay, Samsung Pay, Walmart Pay, etc. — but a few companies are going against conventional wisdom with their own products.
Despite the mad rush among investors to buy up bitcoin, XRP and other prominent cryptocurrencies, these digital coins have largely failed to operate as instruments for payment. MoneyGram's deal with Ripple might change that, or it might be the first nail in the crypto coffin.
A digital coin from China that takes its name from a character in "The Matrix" has become one of the world’s most valuable cryptocurrencies. And it’s done so by defying many of the principles that underpinned bitcoin’s meteoric rise.