Ripple’s Marcus Treacher: RippleNet really came to life in the year of 2018

Marcus Treacher, SVP of Customer Success spoke about the whether RippleNet’s customers were following the lead of Santander, in the extended interview of the latest The Ripple Drop episode. He also spoke about what RippleNet’s customers have been able to do with the services provided to them.
Treacher started by speaking about the key milestones of Ripple through 2018. He stated that it was the year when RippleNet really “came to life”, adding that the team has built the network to connect to 40 countries around the world. RippleNet is a network of banks, payment providers and other financial institutions, deploying the solution offered by Ripple, thereby enabling efficient payment services for the customers connected on RippleNet. He said:
“We went live with some of the largest banks and most creative payment companies and we really started to bring the whole payment vision of Ripple to life. That’s a really really big deal.”
xRapid, xCurrent, and xVia | Source: Reddit
He went on to say that in the same year, the team defined the RippleNet community, a book of rules that banks and payment companies worked with the use of Ripple services. Marcus further added that these financial institutions can work together, discover new partners and new counter-parties, following which the network will start to build on its own. He said:
“When you do that kind of thing let’s ring it tipping point that’s what the flywheel starts to really turn and we’re seeing a great shift in how our customers are behaving in 2018”
This was followed by Treacher speaking about the various things Ripple’s customers have been able to do with RippleNet for the end users. For this, he quoted Santander’s payment service, One Pay FX as a fine example, adding that Ripple is driving the solution, thereby helping the bank’s retail customers “get a really excellent payment experience” while making payment to their friends and family around the world.
Furthermore, the SVP of Customer Success spoke about whether other customers are following Santander’s lead in terms of creating applications and services for their direct customers. He stated that the team is currently using the learning and know-how of Santander into helping their other customers develop “winning propositions for their own apps” and their instant banking services. He said:
“So, for example CIMB went live very recently with Ripple embedded in their speed […] transfigure in the UK has implemented Ripple within their payment app. What’s this doing it’s creating a true global network of blockchain powered payment capability and that’s starting to bring the internet of value to life”
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Source: AMB Crypto

Ripple Partners with National Bank of Kuwait Closing Out the Year


Ripple Partners with National Bank of Kuwait Closing Out the Year

National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers. The bank announced the launched of the new remittance service, that enables “immediate” payments using Ripple tech.

Ripple Partners with National Bank of Kuwait Closing Out the Year

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Source: CoinSpeaker

Ripple is focused on creating an interconnected world, says Marcus Treacher

Marcus Treacher, the Global Head of Strategic Accounts at Ripple, appeared at the Blockchain Live event held in London, wherein he spoke about the Inter Ledger Protocol [ILP], and how Ripple was utilizing the protocol for cross-border payments.
He said that from the outset, Ripple was focused on solving existing problems in cross-border payments and making the experience, a media that is largely better than what it is at present. 

He went on to state that during the process, they came across a problem, where they realized that they cannot place or integrate the world on the blockchain. Marcus said that since then Ripple was concentrating on how to tie the world and blockchain together.

As a solution, he stated that the company turned its head towards Inter Ledger Protocol [ILP]. Marcus stated:
“An interesting model that we are really big fans of that we’ve actually adopted is the Interledger model. The idea is that you take the design of the internet for information and you kind of recreate that using cryptography in a kind of blockchain connected way.”
Marcus stated that the aforementioned way is how Ripple connects its banking partners and payment company partners all over the world and it works fine.
Speaking further on the same, he stated that the protocol works because nobody at the present scenario can “jump beautifully into a blockchain world” as everybody lived in a “very messy world”. The global head stated that there will certainly be an  availability of “islands of information and data of value.” The trick is to interconnect everything, he added.
He went on to say:
“If you could create an internet model for value, or for identity, then you’ve really got something because the open connectivity allow the absolute connect across.”
Marcus Treacher concluded by stating that without having to worry about level-1 or level-2, Ripple was focused on creating a genuinely interconnected world.
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Source: AMB Crypto