Tagged: ripple

Ripple Invests in MoneyGram, Now Owns 9.95% of the NASDAQ Listed Firm

MoneyGram (NASDAQ: MGI) has completed an investment by Ripple. According to an 8K filed with the Securities and Exchange Commission, Ripple has agreed to purchase up to $50 million of common stock and ten-year warrants to purchase Common Stock. On November 22, 2019, an “Additional… Read More

Ripple-backed Storage and Rental Firm Omni Rentals Will Reportedly Be Closing Down

Omni Rentals, a storage and rental company backed by $35 million in funding, which includes contributions from San Francisco-based Fintech firm Ripple, is reportedly halting its operations. Omni’s management says it’s preparing to shut down its platform by the end of this year. Around 10… Read More

AML Compliance Firm Elliptic Launches XRP Monitoring Platform, Points to $400 Million in Nefarious Transactions

Elliptic, a provider of crypto-asset risk management solutions, has launched a monitoring system for XRP (Ripple) transactions. Simultaneously, Elliptic claims they have identified “$400 million of illicit activity” without naming perpetrators nor specifically what type of illegal transactions are taking place. Elliptic notes that this… Read More

Payments Platform NIUM Partners with Brazilian Foreign Exchange Broker Frente Corretora de Câmbio

NIUM, a digital payments platform based in Singapore formerly operating as InstaReM, has partnered with Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil. NIUM will power Frente’s cross border payments, according to a release. The move as a significant step for NIUMs… Read More

Ripple’s Repeated Citing of 6% Error Rate on SWIFT is Erroneous, Researcher Claims

Martin Walker, director of banking and finance at the Center for Evidence-Based Management, says Ripple officials’ repeated claims that SWIFT has a a 6% error rate are false. “In May 2019, Brad Garlinghouse, CEO of a San Francisco based (but Delaware registered) fintech firm called… Read More

San Francisco-based Fintech Ripple Says It Has Surpassed 300 Global Customers

San Francisco-based Fintech firm Ripple announced recently that it has surpassed 300 customers. The company stated: “We have seen 10x year-over-year growth in transactions on RippleNet, our global network of banks, financial institutions and payment providers that sends money globally, instantly and reliably for fractions… Read More

Vietnam’s TPBank Joins RippleNet to Make Faster and Cheaper Cross-Border Payments

Vietnamese Tien Phong Commercial Joint Stock Bank (TPBank) has reportedly teamed up with American Fintech Ripple, in order to join RippleNet, a decentralized network of financial institutions and service providers that allows users to conduct quick and cheap international transactions. Notably, TP Bank was among… Read More

Bank of America Is Reportedly Piloting Ripple’s Distributed Ledger Technology

Charlotte, North Carolina-based Bank of America (BoA), the second-largest US bank with over $2.3 trillion in total assets, is reportedly testing out Ripple’s distributed ledger technology (DLT)-based financial products. The bank might be planning to do more with the San Francisco-based Fintech firm’s technology. Ripple’s… Read More

Fintech Ripple’s Xpring Invests $750,000 to Integrated XRP With BRD’s Crypto Wallet

Mobile wallet developer BRD is partnering with Fintech Ripple’s Xpring to promote XRP adoption. The companies revealed on October 11 that Xpring is planning to invest approximately $750,000 into BRD in order to develop the “internet of value.” As part of the strategic partnership, BRD… Read More

Ripple Set to Bring Blockchain Technology to Finastra’s Banking Customers

Ripple, a provider of enterprise blockchain solutions for payments, announced on Wednesday it has teamed up with Finastra to offer its blockchain technology through Finastra’s payment solution to support cross-border payments. It was revealed: “As part of the collaboration, Finastra’s customers will be able to… Read More

US Fintech Ripple Expands Operations into Iceland By Acquiring Crypto Trading Firm Algrim

San Francisco-based Fintech firm Ripple has acquired digital asset trading company Algrim. The acquisition has helped Ripple add six engineers, according to a September 30 blog post published on the company’s official website. The new team of engineers is expected to play a key role… Read More

Ripple Lawyers: Suit Claiming XRP’s a Security Comes Too Late; XRPs are “Currency”

Lawyers for Ripple Labs have asked a judge to dismiss a class-action suit brought against the company in Northern California. The case seeks to establish that Ripple Labs conducted an unlawful sale of securities (XRP tokens) to fund the development of a fast payment network… Read More

Seedrs Holds Inaugural Alumni Awards

Last night, Seedrs, a leading UK based investment crowdfunding platform, held its inaugural alumni awards in recognition of their growing number of successfully crowdfunded companies. Over the years Seedrs has supported more than 590 businesses raise much-needed growth capital. Simultaneously, the very public process has… Read More

Ripple’s Xpring Invests in Leading Bitcoin ATM Company Coinme

Seattle-headquartered Bitcoin kiosks and ATMs provider Coinme raised $1.5 through a Series A-1 financing round, which included contributions from the Blockchain Finance Fund, and San Francisco-based Ripple company’s initiative Xpring, which builds infrastructure for innovative blockchain projects. The funds raised will be directed toward acquiring… Read More

Leading Pakistani Bank Partners Ripple to Launch Digital Payments Solution

One of Pakistan’s largest financial institutions, Faysal Bank Limited (FBL) has launched a digital payments solution through a partnership with US-based  Ripple, a blockchain-based money transfer platform. FBL is one of Pakistan’s largest commercial banks with over 220 branches nationwide and assets totaling $1.5 billion…. Read More

Beaxy Crypto Exchange Halts Trading After Hack Involving Major Sell Off of Ripple (XRP)

A cryptocurrency exchange called Beaxy halted trading across the board  August 12th after a high-volume sell-off of XRPs (Ripple tokens) tanked the tokens’ price on the exchange: The exchange corresponded about the suspension in a blog post, stating: “We recently experienced unusual(ly) high volume activity… Read More

Ripple Announces Expansion of University Blockchain Research Initiative Program to Japan

Ripple, a provider of enterprise blockchain solutions for payments, announced on Tuesday it has expanded its University Blockchain Research Initiative (UBRI) to Japan. According to Ripple, the expansion brings on new partners including Kyoto University and the University of Tokyo. While sharing more details about… Read More

Dear Congress: Blockchain & Digital Currencies Can Engender Greater Financial Inclusion, Sincerely Ripple

Ripple, one of the largest cryptocurrencies/blockchain platforms in the world, is asking Congress to be thoughtful in how they regulate digital assets going forward. In an Open Letter to Congress, Ripple management takes a very different approach in contrast to Facebook’s frontal assault with the… Read More

Ripple Announces New Strategic Partnership & $50 Million Stake With Money Transfer Service MoneyGram

Ripple, a provider of enterprise blockchain solutions for payments, announced it has formed a new strategic partnership with money transfer service, MoneyGram. Ripple has also taken a $50 million stake in MoneyGram in a push to deploy XRP. Ripple reported that through the new collaboration,… Read More

XRP Forensics in Hot Pursuit of Gatehub Hackers, Identifies 12 Possible Perps

Another day, another crypto-hack.  From exploits to exit scams, the song remains the same – it’s just the technology that is different. The bad guys are always looking for new and devious ways to steal money from the unsuspecting. The most recent hack came courtesy… Read More

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