Tagged: xrp

May 1, 2020 @ 8:30 am By Omar Faridi  |  

American Fintech Ripple’s On-Demand Liquidity (ODL) payments network has reportedly managed to triple its transaction volumes during Q1 2020. San Francisco-based Ripple’s XRP Markets Report confirms that the dollar value transacted using the company’s ODL service grew by over 294%, which may be a positive… Read More

April 21, 2020 @ 10:04 pm By JD Alois  |  

Ripple has been pushed to the edge, according to a blog post today. The crypto-firm is suing YouTube – part of Google. In a document filed in the US District Court, Northern District of California, Ripple Labs, and Bradley Garlinghouse, slammed YouTube for: “irreparable harm… Read More

April 13, 2020 @ 10:49 am By Omar Faridi  |  

Ledger, a leading cryptocurrency hardware wallet provider, recently revealed that it’s now allowing its customers to make payments for products through Hong Kong-based Crypto.com’s online wallet app. As noted in an announcement published on April 9, 2020, Ledger will be accepting payments made using Bitcoin… Read More

April 5, 2020 @ 6:16 pm By Omar Faridi  |  

The Anchorage Trust Company, a qualified crypto-asset custodian, has added XRP, the third-largest cryptocurrency by market cap, to its list of supported investment options for institutional clients. Anchorage confirmed that it will begin offering XRP investments on April 2, 2020. Anchorage’s management notes that its… Read More

March 19, 2020 @ 11:45 am By Omar Faridi  |  

US-based CoinZoom, a regulated digital asset exchange, has announced the official launch of its crypto trading platform and its company Visa card. Users will now be able to purchase, sell, and spend a wide range of cryptocurrencies via CoinZoom’s exchange platform. According to a press… Read More

March 2, 2020 @ 7:40 am By Omar Faridi  |  

RippleNet, a distributed ledger tech (DLT)-enabled gross payments settlement network, allows banks and other financial institutions to securely perform cross-border transactions.  Developed by San Francisco-based Fintech Ripple, the decentralized RippleNet platform has been used to perform international transactions since 2012. The platform’s users might soon… Read More

February 25, 2020 @ 7:58 am By Omar Faridi  |  

Over 3.1 billion digital currency transactions were conducted across more than 20 different blockchain-based platforms during the past decade, according to a firm that monitors the Ethereum transaction mempool.  The research, carried out by San Francisco-headquartered Blocknative, a company that provides real-time updates on blockchain… Read More

February 23, 2020 @ 6:00 pm By Omar Faridi  |  

Amsterdam-headquartered BUX, a retail brokerage company, confirmed recently that it will be introducing the “soft launch” version of its cryptocurrency trading platform during the first week of next month. However, the Dutch Fintech firm says it’s not aiming for fast customer acquisition. Called “BUX Crypto,”… Read More

February 22, 2020 @ 9:58 am By Omar Faridi  |  

Digital asset exchange Bitso managed to capture a little more than 2% of the remittance market from the United States to Mexico in 2019 and now aims to gain a 20% market share by the end of this year. Established in 2014, Bitso experienced significant… Read More

February 17, 2020 @ 11:31 am By Omar Faridi  |  

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

February 9, 2020 @ 4:05 pm By Omar Faridi  |  

BISON, the digital asset trading mobile app created by a subsidiary of Germany-based stock exchange, Börse Stuttgart, recently revealed that it has now onboarded more than 81,000 users during its first year of operations. Börse Stuttgart’s cryptocurrency trading venture also confirmed its plans to add… Read More

February 4, 2020 @ 5:02 pm By Omar Faridi  |  

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

February 1, 2020 @ 4:30 pm By Omar Faridi  |  

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

January 25, 2020 @ 9:58 am By Omar Faridi  |  

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

January 15, 2020 @ 10:44 pm By Cali Haan  |  

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

January 9, 2020 @ 2:18 pm By JD Alois  |  

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

January 5, 2020 @ 6:45 am By Omar Faridi  |  

Malta-based digital asset exchange Binance has announced that it will be supporting euro (EUR) trading against six major cryptocurrencies, as part of the global platform’s latest fiat-focused expansion. According to Binance’s latest blog post, the exchange enabled trading for EUR pairs at 8am on January… Read More

November 20, 2019 @ 8:38 am By JD Alois  |  

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

November 11, 2019 @ 8:26 pm By Cali Haan  |  

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

October 18, 2019 @ 3:10 pm By Omar Faridi  |  

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