Tagged: ripple

MoneyGram Introduces New Real-Time Cross-Border Payments Service that Doesn’t Use Ripple’s Tech Despite Major Partnership

Global money transfer service provider MoneyGram has introduced a new service that lets users send payments in real-time, however, the new platform notably doesn’t involve the company’s business partner Ripple (which acquired $30 million in MoneyGram shares at a high premium last year). MoneyGram’s management… Read More

Ripple Partners with Nasdaq-Listed Remittance Firm International Money Express (Intermex)

Ripple, a San Francisco-based Fintech firm,  has confirmed its new partnership with International Money Express (Intermex), a Nasdaq-listed remittance company. Intermex will reportedly be using Ripple’s On-Demand Liquidity (ODL) solution, which uses XRP, the world’s third-largest digital asset by market cap, to conduct cross-border transactions…. Read More

BitPay CEO Stephen Pair Confirms Giant Crypto Payments Processor to Add Support for More Digital Assets

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Stephen Pair, CEO at BitPay, a leading cryptocurrency payments processor, recently revealed that the platform will begin supporting additional digital assets. Pai confirmed that BitPay was also looking into integrating the Lighting Network (LN), a protocol for a layer-two payments network aimed at expediting Bitcoin… Read More

Japan’s SBI Holdings Invests $20 Million in OpenLegacy Technologies, Shareholders Get Option of Receiving XRP

Japan-headquartered SBI Holdings, a major financial services company, has reportedly invested $20 million in OpenLegacy Technologies, a US-based software development company that streamlines the API integration process of core banking systems. Citi, FIS and BNP Paribas-Cardif are notably among the major clients for OpenLegacy’s platform,… Read More

San Francisco-based Fintech Ripple’s CEO Brad Garlinghouse Indicates Firm Might Launch IPO

Brad Garlinghouse, CEO at privately-held Fintech firm Ripple, recently indicated that the San Francisco-based startup might launch an initial public offering (IPO) within the next year. While attending the World Economic Forum (WEF) in Davos, Switzerland, Garlinghouse reportedly told the Wall Street Journal (on January… Read More

Digital Asset Wallet Developer BRD to Branch Out into Enterprise Blockchain Market with new Project, “Blockset”

BRD, a digital currency wallet developer that has received investments from US-based Fintech Ripple and Japanese financial services company SBI Holdings, has branched out into the enterprise blockchain industry. BRD’s latest initiative, called “Blockset,” aims to provide services to traditional banks, financial services providers and… Read More

CFTC Chair: “If I Hear Anything…It’s That We Really Need Clarity” on Cryptocurrency Regulations

The new chair of the Commodity Futures and Trading Commission (CFTC) has told Chedder Media that his agency is continuing to work closely with the SEC to establish definitions and jurisdiction when it comes to cryptocurrencies- though these have not yet been set. Since he… Read More

Fintech Forward Thai Bank, Siam Commercial Bank, Partners with Ripple

Fintech forward bank Siam Commercial Bank (SBC) has partnered with blockchain firm Ripple, according to a blog post. SBC is Thailand’s oldest bank and has established itself as willing to push forward with Fintech partnerships. According to Ripple, SCB and Ripple will work together to… Read More

Ripple Announces 2020 Cryptocurrency Predictions

Ripple, a provider of enterprise blockchain solutions for payments, recently announced its cryptocurrency predictions for 2020. The company’s executive team discussed their thoughts about digital currency and what they expect in the upcoming year. Sharing his thoughts, CEO of Ripple, Brad Garlinghouse, stated: “I think… Read More

Ripple Secures $200 Million Through Series C Funding Round Led By Tetragon

Ripple, a provider of enterprise blockchain solutions for payments, announced on Friday it secured $200 million through its Series C funding round, which was led by Tetragon with participation from SBI Holdings and Route 66 Ventures. Founded in 2012, Ripple claims it provides one frictionless… Read More

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

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