Ripple Partners Multinational IT Giant Further Pushing RippleNet Expansion

Coinspeaker
Ripple Partners Multinational IT Giant Further Pushing RippleNet Expansion
Tata Consultancy Service, a part of Tata Group, has mentioned that its Quartz blockchain solution will now work with RippleNet.
Ripple Partners Multinational IT Giant Further Pushing RippleNet Expansion

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple Aims to Tap 4 billion Customers in the APAC Region: Report

Ripple Inc. is a US-based technology company with a vision to “change the world.” They are doing this by providing seamless, low-cost domestic cross border payments. RippleNet is the primary payment network system which has more than 200 participants. These include major banking corporations and financial institutions.
In its pursuit of building a global payment and settlement system, Ripple has set up many regional offices and organized local events. The Director of Business Operations at Ripple, Jinal Surti, emphasized the need for regional offices to understand the cultural differences and grow sustainably in the recent episode of The Ripple Drop.
He added that “Stepping back we are a cross border payments company.. By definition, we have to global because our customers are global. The regions behave slightly differently. What we were doing is were hiring teams that are closest to the customers in those regions so that differences are taken into account as we expand our presence”
These expansions are now being focused on the APAC  (Asian Pacific) Regions.
China and Japan
The two largest economies in the southeast Asian region are Japan and China. Both of these countries have shown tremendous growth in digital payments.
According to Zennon Kapron, the head of Kapronasia, which is a leading financial technology market research and consulting firm covering payments, banking, capital markets, and blockchain technology,
The growing importance of digital for both online and offline transactions can be attributed to three converging trends: the rapid rise of non-cash payments, an explosion in smartphone use and the ubiquity of QR codes. The combined effect of these three when applied across billions of consumers in Asia has pushed digital payments into primacy for the region.
The yearly volume of digital payments in China was around $40 trillion dollars in 2018 while the same in the US was only $125 billion.
Total Mobile Payment Amounts (source: ripple.com)
India and Japan have also made considerable progress towards digital payments. Post demonetization in India more than 5 million merchants have started to accept digital payments. The population of the Asian Pacific region is almost 4 billion. Hence it gives the perfect opportunity of companies like Ripple to set up a ubiquitous payment network.
Kapron addressed an informed crowd at the Ripple Regional: Asia Pacific Conference at Bangkok, where he hinted at the growth of a payments platforms like Ripple. Ripple has given rise to new payment as platform models and challenged the supremacy of cards. The result will be further convenience, speed and cost savings for consumers and corporates alike.
Finally, Senior Associate at Ripple Amy Hirth noted that “There is a lot of opportunities here in southeast Asia to improve global payments and Ripple is really at the forefront of that.”
 
The post Ripple Aims to Tap 4 billion Customers in the APAC Region: Report appeared first on Coingape.
Source: CoinGape

Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?

Coinspeaker
Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?
Amazon and Worldpay have announced their partnership in the framework of which Worldpay will fully enable Amazon Pay for its merchants.
Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple CEO: I Don’t Know What Problems Does JPMorgan Coin Solve

CoinSpeaker

Ripple CEO: I Don’t Know What Problems Does JPMorgan Coin Solve

Brad Garlinghouse, the CEO of cross-border payment giant Ripple, has weighed in on JP Morgan’s USD-pegged stablecoin, again.

Ripple CEO: I Don’t Know What Problems Does JPMorgan Coin Solve

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

CoinSpeaker

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

Coinhako announced listing XRP on its platform and mentioned the XRP pairings with SGD, IDR, and VND. 

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

Continue reading at Coinspeaker
Source: CoinSpeaker

XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

CoinSpeaker

XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

Ripple (XRP) has been at the center stage of the cryptocurrency industry with many great developments in its favor. However, Forbes’s Jason Bloomberg published an article saying Ripple is a scam.

XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

Continue reading at Coinspeaker
Source: CoinSpeaker

SBI CEO: ‘Every Bank In Japan Will Use Ripple’s XRP By 2025’

CoinSpeaker

SBI CEO: ‘Every Bank In Japan Will Use Ripple’s XRP By 2025’

Ripple‘s XRP token currently bears further uplifting news as SBI, which is a Ripple enthusiast, has planned to have a few banks in Japan and utilize the token by the 2025 Osaka Expo.

SBI CEO: ‘Every Bank In Japan Will Use Ripple’s XRP By 2025’

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple and XRP Will Continue to Grow Significantly, Believes Accenture’s Global Payments Lead

CoinSpeaker

Ripple and XRP Will Continue to Grow Significantly, Believes Accenture’s Global Payments Lead

According to Gareth Wilson, the managing director of global payments at Accenture, this year bring even higher gains to Ripple.

Ripple and XRP Will Continue to Grow Significantly, Believes Accenture’s Global Payments Lead

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

CoinSpeaker

Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

The head of Japanese SBI Holdings strongly believes that thanks to its use cases XRP will surpass Bitcoin in the nearest future.

Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple: Oman’s Second Largest Bank Extending RippleNet on Mobile App, Successfully Tested to India

While Ripple continued its partnership with international fintech players and crypto trading platforms, Omanian based BankDhofar has extending RippleNet support to its Mobile App as well. It’s quite important to note that BankDhofar is already a RippleNet customer since April 30, 2018.
Instant Cross Border Mobile Banking Transfer
BankDhofar is the second largest bank of Oman in terms of market value. The bank on February 17, 2019, took to Twitter stating that they hit ‘international Instant Transfer service via its mobile App’.

We are Proud to be The #First Bank in The Sultanate and one of the first in the region to Provide International Instant Transfer through #BakDhofar_Mobile_Banking_Services App pic.twitter.com/4tJatbLH4y
— BankDhofar (@BankDhofar) February 14, 2019

The news gets quick attention from the vast audience of Twitter, especially XRP enthusiasts. The announcement claims that BankDhofar is the first bank in the region to provide ‘international instant transfer through Mobile Banking. Moreover, it has also revealed that they have successfully tested ‘international transactions’ to India in less than 2 minutes. RippleNet is a product of Ripple Blockchain firm which helps bank process cross-border transaction within seconds meantime at less cost. Per the official Ripple’s announcement in early Jan this year, RippleNet surpassed 200 customers.
“Customers will be able to transfer money abroad instantly using BankDhofar Mobile banking App. Ripple’s leading Blockchain solution for cross-border payments, including its bi-directional messaging and instant settlement features, enables BankDhofar to save customer’s time when sending payments overseas, using BankDhofar Mobile banking App”.
Additionally, BankDhofar is proudly the prime banking Sultanate to adopt RippleNet technology. Besides the bank, Navin Gupta, the managing director of ripple for South Asia and MENA also confirmed ‘non-resident Indians (NRIs) in Oman can avail the mobile service of BnakDhofar for money transfer in real-time.

Congratulations! to Bank Dhofar – Live on Ripplenet. Now Non Resident Indians (NRI's) living in Oman can App money back home in real-time. #bankdhofar #ripplenet @Ripple pic.twitter.com/HBbSGh6tQD
— Navin Gupta (@navinblockchain) February 17, 2019

What do you think of RippleNet service via Mobile Banking? Share your opinion with us.
The post Ripple: Oman’s Second Largest Bank Extending RippleNet on Mobile App, Successfully Tested to India appeared first on Coingape.
Source: CoinGape

Ripple’s payment technology will not be used by UAE but will encourage and educate commercial banks to use it

Mohsen AlZahrani, VP Strategy & Excellence at SAUDI PAYMENTS mentioned that two banks in the UAE will go live using Ripple’s payment solutions. He also confirmed that central banks will not use Ripple’s technology but they, however, will make sure to encourage and educate the commercial about Ripple’s technology.
UAE has been very active when it comes to adopting new and emerging technologies, be it Elon Musk’s brainchild, Hyperloop or blockchain technologies. Mohsen AlZahrani said:
“We are looking into cross-border payments… In the project, we worked with Ripple, we don’t, as a central bank implement any technology [Ripple’s technology]. It’s banks, commercial banks that are implementing the technology. However, choose to start this project, as an approach we used in SAMA called, “Central Bank Led Innovation”, that is how we started innovative initiatives to encourage the banks to use innovative technologies.”
He continued saying that they will always help and encourage the commercial banks to use blockchain and Ripple technologies. He went on to say that they chose Ripple for this project due to Ripple’s focussed use-case. AlZahrani said that considering the massive amounts remittance that goes through UAE, Ripple’s focus on cross-border payments spoke to them.
Furthermore, AlZahrani added that SAMA was leading this project which helped with the training for other banks. He said that the banks were educated, especially on Ripple’s technologies.
Moreover, AlZahrani confirmed that one bank had gone live using Ripple’s xCurrent and that another bank was ready to go live and that it would be announced soon. He also confirmed that two more banks would go live in the first quarter of 2019.
In addition to the above, it was announced recently that Finablr – a UAE-based payment and foreign exchange, went live with Ripple’s technology in partnership with Siam Commercial bank in Thailand. This will help facilitate cross-border payments with the above-mentioned countries.
xCurrent is Ripple’s technology that is rivaling SWIFT and its new invention GPI [Global Payment Innovation]. xCurrent makes use of RippleNet and ILP ledger to merge two different ledgers in two different countries to facilitate a transaction on the blockchain, This transaction method is faster and cheaper and less prone to mistakes than the traditional methods.
A Twitter user @debruyne_n commented:
“So much fomo on ripple, it’s obvious they want control. Look at the major coin holders. It’s crazy people still fall for all this fomonews. I avoid ripple cause it goes against what crypto stands for and it’s not disruptive. I want to be my own middleman”
The post Ripple’s payment technology will not be used by UAE but will encourage and educate commercial banks to use it appeared first on AMBCrypto.
Source: AMB Crypto

Ripple Further Expands Its Partner Network Adding Major UAE Payments Company Finablr

CoinSpeaker

Ripple Further Expands Its Partner Network Adding Major UAE Payments Company Finablr

Putting aside SWIFT’s rough criticism over the next generation banking payment system, RippleNet, the company behind the legendary remittance technology steadily expands its partnership network teaming with innovative fintech upstarts.

Ripple Further Expands Its Partner Network Adding Major UAE Payments Company Finablr

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum Continues to Climb, Flips XRP For Second Place

There have been a number of clear victors over the weekend as crypto markets pumped by $10 billion. Litecoin has been the obvious one with a surge of almost 40% since Friday but Ethereum has also make a strong enough comeback to retake second spot from XRP.
Ethereum Back in Second Place
Ethereum has been battered and bruised in recent weeks hitting a new 2019 low Wednesday last week of $103. The $100 level is a key support zone both technically and psychologically and a fall below this would spell a tough recovery period for Ethereum.
During the recent crypto market pump late Friday Ethereum surged over 14% from $105 to $120 by Saturday. This alone has not been enough for it to usurp XRP which also climbed during the rally. However over the past 24 hours Ethereum has continued climbing to reach an intraday and weekly high of $125. ETH has since pulled back a little and is currently trading at $121, but still up 1.5% on the day at the time of writing.

Daily volume is up from $2.7 to $3.2 billion and this has been enough to push Ethereum’s market capitalization above XRP according to Coinmarketcap.com. At the time of writing ETH market cap was $12.7 billion and it was in second place. Ripple’s token conversely only managed to make 8% during the weekend rally taking it to a weekly high of $0.315.
Since the Saturday high XRP has slid back to $0.305 marking a 1.5% decline on the day. Market cap has shrunk to $12.5 billion as it drops back behind Ethereum and into third spot again. The two are very close and a re-flippening could easily occur if Ethereum weakens more than XRP over the coming week.
The lack of momentum for XRP is perplexing since new partners are continually being onboarded into RippleNet. At the end of last month Japan’s SBI financial group released a report recognizing Ripple’s importance for cross border transactions. The SWIFT and R3 partnership announced last month could also been good news for Ripple but none of this has been reflected in XRP price.
Ethereum has been further weakened by the Constantinople hard fork delay but a rescheduling to late February could spell more bullish momentum for ETH. The new fork which will address previously discovered security flaws will take place at block 7,280,000 or around February 27.
At the moment though Ethereum is back as the world’s second largest crypto asset.
Image from Shutterstock
The post Ethereum Continues to Climb, Flips XRP For Second Place appeared first on NewsBTC.
Source: New feedNewsBTC.com

This is How XRP Could Surge by 2000% and Hit $692 in 2019

CoinSpeaker

This is How XRP Could Surge by 2000% and Hit $692 in 2019

TheIndependentRepublic.com suggests that one day, XRP may surge by 2,000 percent and reach $692.30 per coin. However, this kind of crazy theory is possible in only one case. Which one? Find out below.

This is How XRP Could Surge by 2000% and Hit $692 in 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple to Offer a “New Standard” for Remittances in Brazil & Entertainment Industry

Ramessa Online has announced a partnership with Ripple which is currently live on xCurrent and will be expanding to XRP in the near future. Meanwhile, Ripple and XRP have entered the music industry via Xpring.
Ramessa Online Live on xCurrent, Plans to Expand to XRP in Near Future
Ripple has added another partner to its list in the form of Sao Paulo-based company Ramessa Online. Founded in 2016, the company is currently live on xCurrent but will expand to XRP in future as it stated,
“We are live on xCurrent, but we do plan to expand to XRP some time in the near future.”

Ramessa Online is already using RippleNet and waiting for XRP to be regulated as the company “need to be compliant with legislation.”
According to Money Times, Remessa Online which is created by BeeTech, another partner of Ripple for cross border transfers joined online credit platform Creditas.
Targeting the Entertainment Industry
In another event, Ripple has now moved on to the music industry. Former BMG president, Zach Katz’s investment group Raised in Space Enterprises has announced a partnership with Scooter Braun’s Ithaca Holdings and Ripple’s Xpring.
Ethan Beard who is leading Xpring at Ripple shared,

Raised in Space will fund entrepreneurs with tech solutions in music space and will leverage Ripple’s Xpring to integrate “blockchain and the digital asset XRP when applicable,” reported Billboard.
Braun who has managed Ariana Grande and Justin Bieber and is also known for his investments in startups said,
“The relationship between music and tech has massive untapped potential.  I’m excited to launch a company focused on bridging these two industries in a transformative and actionable manner that raises the value of music.”
Talking about the investment aspect, Katz stated, “We plan to make six-to-10 very well thought-out investments per year in the range of $500,000 to $5 million and we are completely prepared financially to do that for the next five years or more.”
This has certainly got the XRP community excited as one enthusiast commented,
“Scooter Braun is a proven investor and manager. Also, Ethan Beard is a proven business & app developer. If they think XRP is going to have major potential, you better listen and watch out to these mastermind of the game!”
While another one stated, “Wow! XRP is taking over the entertainment industry!!”
The post Ripple to Offer a “New Standard” for Remittances in Brazil & Entertainment Industry appeared first on Coingape.
Source: CoinGape