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Currency exchange and remittance network Ripple has stressed the need to overhaul cross-border payments amid a new report that some charities and individuals are getting their cash stuck, thanks to the inefficiency of the centralized bureaucracy. For over four decades, the majority of cross-border settlements handled by financial institutions have been relying on the Society [...]
Ripple Chief Executive Officer Brad Garlinghouse believes that banks will start holding cryptocurrencies for their clients in 2019. The cryptocurrency market was having the most negative month since November last year. The previous four weeks or so has seen Bitcoin shedding over 30% of its value. Despite the present crypto market meltdown, Garlinghouse believes digital [...]
The Ripple network now boasts over 150 active financial institutions using xVia, xCurrent or xRapid product to facilitate cross-border settlements. The latest to join RippleNet is one of Asia’s financial giants. CIMB Group is one of the leading financial institutions in Southeast Asia. It is the fifth largest bank in ASEAN by total assets. Ripple [...]
Ripple CEO Brad Garlinghouse and IMF Deputy General Counsel Ross Leckow were in Singapore on Monday 12. The two had an interesting conversation. Leckow is very positive about Fintech and blockchain. We have never heard anything so positive come out of the mouth of the IMF before. He said: “The IMF is devoting a lot [...]
A recent survey conducted by Weiss Ratings reveals that the vast majority of Twitter users sees Ripple (XRP) as the best altcoin under $1 to invest in. 5,726 users participated in the poll, with more than 50% of the participants voting for Ripple (XRP). Despite that, however, the currency has long been considered a controversial [...]
William Hinman, Director of the Division of Corporation Finance, was quoted this summer saying that Ether, Ethereum’s native token, wasn’t a security under federal law. He said that through token sales and distribution, ether has significantly become decentralized since its launch. Ever since he gave this opinion, Ripple (XRP) enthusiasts have tried to prove that [...]
Ripple surprised many listeners at the Swell 2018 conference in San Francisco by announcing that the company’s cross-border payment solution xRapid that utilizes XRP is now commercially available. It will go into production with three different payment service providers. Furthermore, Brad Garlinghouse stated that XRP is 1,000 cheaper and 1,000 times faster than Bitcoin. Ripple [...]