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PayPal has officially announced that the company agreed to acquire a San Francisco-based online money transfer technology and services company Xoom to the tune of US$890 million.
"Big four" Australian bank, the Commonwealth Bank of Australia (CBA), has announced its plans to integrate Ripple and use the distributed network to transfer funds between its subsidiaries.
CoinTelegraph discusses the present and the future of international money transfer market with Peter Ohser from MoneyGram at Europe Money 20/20 that took place in Copenhagen.
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