Brad Garlinghouse Doubts the Effects of Facebook’s Libra

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Brad Garlinghouse Doubts the Effects of Facebook’s Libra
Recently, Brad Garlinghouse, the CEO of Ripple, has commented on Facebook’s new cryptocurrency – Libra, saying that because of it, the crypto industry might become subject to stricter regulations.
Brad Garlinghouse Doubts the Effects of Facebook’s Libra

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Source: CoinSpeaker

Ripple Sold Over $250 Million Worth of XRP in Q2 2019 Amid Spike in Institutional Involvement

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Ripple Sold Over $250 Million Worth of XRP in Q2 2019 Amid Spike in Institutional Involvement
Amidst the current increase in the involvement of institutional corporations with cryptocurrency, Ripple reportedly sold out an excess of $250 million in XRP with about 40% of these sales been in favor of the institutional investors.
Ripple Sold Over $250 Million Worth of XRP in Q2 2019 Amid Spike in Institutional Involvement

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Source: CoinSpeaker

Banks need to embrace opportunities and support use of blockchain technology, says Rakbank CEO

Peter England, CEO of Rakbank, made news after he stressed that banks around the world need to support firms that are developing blockchain technology. The statement from the CEO came during an interview with a local daily, the Arabian Business. The enthusiasm of the CEO towards blockchain technology is understandable as his own bank uses […]
The post Banks need to embrace opportunities and support use of blockchain technology, says Rakbank CEO appeared first on AMBCrypto.
Source: AMB Crypto

RippleNet’s new software update offers ‘bunch of functionalities’ to partners, claims Ripple executive

Recently, RippleDrop released an extended video of its latest episode, with the main focus being on RippleNet’s software update, the global payment settlement network. In the episode, Craig DeWitt, Director of Product Management, was asked how the software update on RippleNet improved customer service. To this, DeWitt stated that the software update offers a “bunch […]
The post RippleNet’s new software update offers ‘bunch of functionalities’ to partners, claims Ripple executive appeared first on AMBCrypto.
Source: AMB Crypto

Siam Commercial Bank Denies Plans to Use XRP After All

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Siam Commercial Bank Denies Plans to Use XRP After All
Thailand’s largest commercial bank, the Siam Commercial Bank (SCB), which recently tweeted on possibility of launching an XRP-based system, decided suddenly, to issue a statement, according to which, the bank “has no plan on using XRP.”
Siam Commercial Bank Denies Plans to Use XRP After All

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Source: CoinSpeaker

SCB Thailand Launches Ripple Transfer Service, Is XRP Adoption on the Way?

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SCB Thailand Launches Ripple Transfer Service, Is XRP Adoption on the Way?
SCB Thailand bank was noticed to use Ripple service for transferring money. The bank acknowledged that and asked to wait for further announcements.
SCB Thailand Launches Ripple Transfer Service, Is XRP Adoption on the Way?

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Source: CoinSpeaker

XRP May Soon be Listed on Yet Another Euronet Worldwide Subsidiary

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XRP May Soon be Listed on Yet Another Euronet Worldwide Subsidiary
It is expected that XE.com, a subsidiary of Euronet Worldwide, will soon list XRP. Nevertheless, the exact timeline was not disclosed yet.
XRP May Soon be Listed on Yet Another Euronet Worldwide Subsidiary

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Source: CoinSpeaker

J.P. Morgan Blockchain Tops Ripple Signing Up 201 Global Banks

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J.P. Morgan Blockchain Tops Ripple Signing Up 201 Global Banks
JPMorgan rapidly expands its Interbank Information Network (IIN) reporting a whopping 201 banks joining its blockchain. Meanwhile, IBM and Stellar also push it hard to win over leading banking institutions globally. Is it time for Ripple to move a bit?
J.P. Morgan Blockchain Tops Ripple Signing Up 201 Global Banks

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Source: CoinSpeaker

Ripple Partners Multinational IT Giant Further Pushing RippleNet Expansion

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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

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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?

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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?

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Source: CoinSpeaker

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

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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

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Source: CoinSpeaker

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

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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

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Source: CoinSpeaker

XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

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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

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Source: CoinSpeaker

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

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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’

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Source: CoinSpeaker