Tagged: ripple

American Fintech Ripple Set to Establish Operations at the Dubai International Financial Centre

American Fintech firm Ripple has reportedly chosen the Dubai International Financial Centre as its new regional headquarters. Financial institutions based in over 45 different countries are currently using RippleNet, which is a “decentralized” network for conducting cross-border transactions between different financial services providers. Ripple focuses… Read More

American Fintech Ripple Might Leave US and Establish Headquarters in Other Countries due to Lack of Regulatory Clarity in the US

San Francisco-based Fintech firm Ripple might consider moving its business operations to another country if US financial regulations remain unclear. Ripple has narrowed down its choices to five high-potential markets where it may establish its new headquarters. They include the UK, Switzerland, the United Arab… Read More

Ripple Launches Beta Service on RippleNet “Line of Credit”

  Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday the launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand to initiate cross-border payments at scale using the digital asset XRP…. Read More

Fintech Is Playing a Key Role in the Growth of a Sustainable, Global Financial System, Ripple Exec Says

Monica (Appelbe) Long, SVP of Marketing at American Fintech Ripple, says that we’re all in the midst of a global climate crisis—”one that is impossible to ignore.” Long confirms that efforts are being made by many countries to “avert the worst-case climate scenarios.” Organizations and… Read More

Ripple Pledges to Achieve Carbon Net-Zero By 2030

Ripple, a provider of enterprise blockchain solutions for payments, announced on Wednesday it is committing to be carbon net-zero by 2030. Ripple claims it is the first company in the blockchain industry to do so and as part of achieving this goal, the company has… Read More

Fintech Ripple Is Focused on Making Digital Payments as Easy as Sending Emails with Pay ID, According to Company Executive

Emi Yoshikawa, Head of Global Operations at American Fintech firm Ripple, notes that when sending an email, she doesn’t really think about which country the person or recipient of the message is living in at the moment. Yoshikawa points out that she also doesn’t have… Read More

Cross-Border Payments are on the “Cusp of Transformation” According to Executive from Fintech Ripple

Marcus Treacher, the SVP of Customer Success at American Fintech Ripple, notes that the world’s cross-border payments market is highly fragmented. But he claims that international transactions are now being redefined by “the power of ISO standardization” and the innovative technology approach of RippleNet, which… Read More

At least 67 Fintech Unicorns Operating Globally, with North America Leading the Way, and Asian, European Markets Growing Fast

There are now at least 67 FIntech unicorns, globally, that are valued at a combined $244.6 billion, according to a recently published infographic by CBInsights which shows that North America, particularly the US, is home to some of the world’s largest Fintechs. Fintech unicorns are… Read More

New York Department of Financial Services Publishes Updated List for Approved Virtual Currencies for NY Businesses

The New York Department of Financial Services (NYDFS) recently noted that there are several different paths that virtual currency businesses may take to begin using or listing digital currencies like Bitcoin (BTC) and Ethereum (ETH), among many others. The NYDFS is the department of the… Read More

Global Payment Sector to Reach $2.7 Trillion in Value by 2023, with Blockchain or DLT Increasingly Being Used by Cross-Border Payment Solutions: Report

The global payment industry and ecosystem has been growing steadily. The sector is projected to be valued at $2.7 trillion by 2023. Some of the challenges faced by the payment industry include high transaction fees, inefficient cross-border transactions, poor or lack of interoperability between different… Read More

Fintech Ripple Sold Over $32 Million in XRP During Q2 2020, Only Sold $1.75 Million of the Digital Asset During Q1 2020: Report

San Francisco based Fintech firm Ripple has released its quarterly XRP Markets Report. The company notes in its report, that as an XRP holder, Ripple “believes proactive communication and transparency are part of being a responsible stakeholder.” During Q2 2020, total XRP sales were valued… Read More

Fintech Ripple Southeast Asia Head Kelvin Lee Explains how PayID Serves as an Effective Solution for Cross-Border Payments

Kelvin Lee, the Southeast (SE) Asia head for Fintech firm Ripple, notes that the more businesses that begin supporting and integrating PayID into their platforms, the better off the digital payments ecosystem will be. Ripple, which is leading the Open Payments Coalition (OPC), is reportedly… Read More

National University of Singapore to Support Local Fintech Professionals and Application Developers via NUS-FintechSG Initiative

  The National University of Singapore (NUS), a research-focused academic institution that’s consistently ranked among the world’s top universities, is planning to support the city-state’s next generation of Fintech professionals and full-stack application developers. Introduced in July 2020, the NUS-FintechSG initiative, which is being offered… Read More

The Need to Modernize with the Cloud will “Supercharge the Competitive Advantage” of Innovative Banks over Slower Rivals, Fintech Professional Explains

The global COVID-19 outbreak has negatively impacted businesses in many different industries throughout the world. Remote working is increasingly becoming the “new normal” for many people. Employees are able to perform most of their daily tasks from home, and don’t need to be at a… Read More

Fast Pace of Cryptocurrency Adoption in Latin America May be due to Dramatic Rise in Smartphone Users, Bitso Executive Reveals

Bitso, one of Latin America’s largest digital asset exchanges, has reportedly reached 1 million users before its planned launch in Brazil. Santiago Alvarado, director of international payments at Bitso, recently talked about how cryptocurrencies might help with settling cross-border transactions in Latin America. Alvarado, whose… Read More

Currencycloud Teams Up With Ripple to Process Cross-Border Payments on RippleNet

  Cross-border payment platform Currencycloud announced on Thursday it has formed a partnership Ripple, an enterprise blockchain solution for global payments. CurrencyCloud reported that RippleNet, Ripple’s global financial payments network, makes it easy for its network of financial institutions worldwide to enable faster, lower-cost payments… Read More

Cryptocurrency Exchange PayBito Adds Ripple’s XRP

Cryptocurrency exchange PayBito recently announced it has added Ripple’s XRP to its platform. According to PayBito, XRP is a crypto asset that runs on RippleNet, the real-time gross settlement system (RTGS) and remittance network. XRP Ledger is the underlying open-source distributed ledger database of RippleNet…. Read More

Ripple Joins Newly Formed Open Payments Coalition That’s Launching Universal Payment Identifier PayID

Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday it has joined more than 40 global companies and nonprofits as a member of the newly formed Open Payments Coalition launching PayID, the universal payment identifier. According to Ripple, PayID is a free and open… Read More

RippleNet Cloud’s Latest Milestone: Names Brazil’s Banco Rendimento As First Bank Customer

Ripple, a provider of enterprise blockchain solutions for payments, announced on Monday its payment network, RippleNet Cloud, has signed its first-ever bank customer, Brazil’s Banco Rendimento, which will join nearly two dozen financial institutions already running on RippleNet Cloud. According to Ripple, RippleNet Cloud allows… Read More

Overfunding: Renewable Energy Platform Ripple Quickly Surpasses £250,000 Funding Target Through Latest Seedrs Round

Less than one year after raising £859,787 on Seedrs, UK-based renewable energy platform Ripple has returned to the equity crowdfunding platform and has already surpassed its initial £250,000 funding target. As previously reported, Ripple was founded in 2017 and its vision is to create a renewable… Read More

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