Blockchain giant Ripple announced the formation of a strategic partnership with popular money transfer company MoneyGram (MGI) today for cross-border payments and foreign exchange settlement using XRP. In a strategic partnership, Ripple will become @MoneyGram‘s global partner for cross-border payment and foreign exchange settlement, using XRP. https://t.co/4YlnFWy1ha https://t.co/aJnchpzj5k pic.twitter.com/cyald9sikr — Ripple (@Ripple) June 17, 2019 […]
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Japanese Bank Abandons Work With SBI Ripple’s ‘Money Tap’ App
Resona, one of three Japanese banks working with SBI Holdings and Ripple on their blockchain app Money Tap, is pulling out of the project.
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Ripple’s Xpring Invests in XRP Tip Bot Creator Wietse Wind
Last Spring, Ripple announced a new investment ecosystem called Xpring to build out XRP’s infrastructure and helps innovative projects grow through funding and partnerships. The latest recipient of Xpring funding is Wietse Wind, the creator of the XRP Tip Bot, which allows Reddit, Discord and Twitter users to send small amounts of XRP to other users. Thrilled to announce Xpring’s Investment in […]
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Ripple’s XRP Jumps 10%, Leading Wednesday’s Crypto Market Recovery
The cryptocurrency market moved higher on Wednesday with XRP (XRP) leading the way up 10.2% on the day to $ 0.317137. As first pointed out by Mati Greenspan, an analyst for eToro, the current market rally followed the XRP surge, which occurred roughly 5 minutes before other major cryptocurrencies began to increase in price. Indeed, it does appear […]
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What Made Ripple’s XRP Gain 9% Against the US Dollar in Just 3 Hours?
Ripple on Wednesday posted 9% gains soon after Swift announced a partnership with R3, a blockchain consortium. At 0800 UTC, the XRP/USD was trading at 0.2934 on Binance. As the market sentiment kicked in, the pair posted three consecutive hourly sessions in green, taking the value to as high as 0.3292. By 1300 UTC, Ripple had risen to 12.2%. In comparison, Bitcoin surged at a modest 1.29%, and Ethereum gained 2.65% against the US Dollar. Swift Brings the Bulls Brussel-based global banking giant Swift today announced that it would integrate R3’s trade finance platform with its own Global Payments Innovation solution
Ripple’s Cryptocurrency Sales Plunged by Nearly 25% Last Quarter
By CCN.com: Ripple released its fourth-quarter markets report this week. One thing is clear: the bear market is affecting Ripple as much as anyone else. Total sales of XRP from the company amounted to around $ 129 million versus the previous quarter, which saw sales of $ 163 million. XRP Sales Down in Q4 But Still Wildly Lucrative
The post Ripple’s Cryptocurrency Sales Plunged by Nearly 25% Last Quarter appeared first on CCN
Major Cryptocurrency Exchange Binance Lists Ripple’s XRP as a Base Pair
Crypto exchange Binance has added Ripple’s XRP as a base currency on the exchange. With this announcement, it means that XRP will now be used more as a primary asset that can be used to make purchases of other cryptocurrencies listed on the platform. Although some minor digital exchanges have already added XRP with other
The post Major Cryptocurrency Exchange Binance Lists Ripple’s XRP as a Base Pair appeared first on CCN
eToro Issues an Apology to Ripple’s XRP Army
Tel Aviv-based trading app eToro has issued an apology to XRP Army, a term used to describe the large and dedicated Twitter following of Ripple’s digital currency, over a critical video detailing the price action of XRP as a warning to investors. A thread. We are happy to see how strong and well connected the #xrpcommunity is. It […]
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Ripple’s XRP Passes Ethereum (ETH) Amid the Crypto Market Rout
Following the mid-week crypto market sell-off, XRP has officially passed Ethereum (ETH) to become the second largest cryptocurrency behind Bitcoin (BTC). Ripple’s cryptocurrency now holds a $ 19 billion market cap, while Ethereum has fallen to below $ 18.5 billion. As of Friday morning, XRP and ETH constitute 10.9% and 10.5%, respectively, of the AltDex 100 Index (ALT100), a benchmark index […]
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Fake News: SWIFT Denies Rumor it Will Join Ripple’s Blockchain Network
Speculation that RippleNet and the Society for Worldwide Interbank Financial Telecommunication (SWIFT) were planning to integrate may have caused the market cap of ripple (XRP) to briefly overtake that of ethereum to take the second position in the overall crypto market. SWIFT Says it isn’t Joining RippleNet This was based on the belief that with
The post Fake News: SWIFT Denies Rumor it Will Join Ripple’s Blockchain Network appeared first on CCN
Ripple’s XRP Sales More Than Doubled to $163 Million in Q3
Ripple (XRP), a fintech startup building a global blockchain payment network for financial institutions, released its third-quarter market report this week, revealing that it sold $ 163 million in XRP during the quarter. The Q3 #XRP Markets report is here. Read about the key events in the XRP ecosystem over the last three months, including asset trading […]
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Ripple’s xRapid Goes Live, What Happens Now?
Listen Here – https://soundcloud.com/cryptodaily/ripples-xrapid-goes-live-what-happens-now
Yesterday saw the full launch of Ripple’s xRapid. We expected this to happen in the first few weeks of October, though perhaps the 2nd seemed to be a little ahead of our estimations. Either way, xRapid is now live and has been adopted by three major financial service providers – Mercury FX, Cuallix and Catalyst Corporate Federal Credit.
According to CNBC, Asheesh Birla, the Senior Vice President of Product at Ripple has commented on the full xRapid release, stating:
Top 5 Banks Joining Ripple’s Latest Blockchain-based Payments Competitor
Banks and other financial service providers pay increasing attention to blockchain technology. JPMorgan is effectively taking on Ripple in terms of building a DLT-based global payments network. Their Interbank Information network has received the backing of these five prominent banks, among other entities. A promising sign for what the future may hold.
#5 ANZ
As one of the founders of the Interbank information network, ANZ plays a key role in the process of incorporating blockchain technology. Although it remains to be seen if this bank will ever use DLT for a commercial product, one cannot deny the opportunities which loom on the horizon. ANZ has an ongoing partnership with IBM to build a blockchain infrastructure as well. Exploring different options will yield the best results in this growing industry.
Ripple’s Latest Announcement Puts The Good In Crypto
Okay, we understand that cryptocurrency does not contain the word ‘Good’ however, it goes without saying that Ripple’s latest announcement is one that certainly does put the ‘good’ in crypto.
Ripple for Good is the latest announcement from the Ripple team. Ripple for Good aims to focus on funding new projects within education and financial inclusion. Ripple for Good came as a result of around $ 80 million in funding donations, with an additional $ 25 million coming from Ripple directly.
Continue reading Ripple’s Latest Announcement Puts The Good In Crypto at Crypto Daily™.
Ripple’s XRP Leads the Cryptocurrency Market Higher
XRP, the digital currency attached to fintech startup Ripple, has surged more than 17% over the last 24 hours. This jump in price came shortly after Ripple’s head of regulatory relations for the Middle East and Asia-Pacific, Sagar Sarbhai, hinted that the firm was witnessing significant progress in its xRapid product, which speeds up transactions at banks using XRP. As a […]
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Ripple’s xRapid Will See Commercial Roll Out In The Next 60 Days
xRapid is one of the trio of Ripple technologies that is now starting to hit headlines. As it stands, xRapid is currently in test phase and is being used by a number of companies as a payment transfer solution. As it stands, no major banks are using or testing xRapid, though it is expected that now the product is almost complete, major banks will jump on board in the next few months, in time with the full roll out of xRapid.
Continue reading Ripple’s xRapid Will See Commercial Roll Out In The Next 60 Days at Crypto Daily™.
Ripple’s Legal Battle Comes To An End Agreement
Ripple released an official statement on 10th September confirming that they have come to an end agreement with the distributed database technology company, R3.
In the statement they noted that the two companies are aiming to put past disputes behind them. They also added that the details between the two businesses will remain confidential.
The legal battle between Ripple and R3 began last year, on 8th September 2017 after R3 slashed a complaint on Ripple in the Delaware Chancery Court.
Continue reading Ripple’s Legal Battle Comes To An End Agreement at Crypto Daily™.
Ripple’s Drop To Bring In New Buyers?
Despite the Ripple coin dropping to 27 cents today it has also reached a high of 29 cents and it’s currency direction is a positive one. It could be that the low price is attracting is bringing in new traders to invest in Ripple despite their legal issues.
This week, TransferGo released the channel which will be able to perform real time transactions. The channel will also be available across the whole of Europe.
Continue reading Ripple’s Drop To Bring In New Buyers? at Crypto Daily™.
Digital Remittance Solutions Provider TransferGo Launches Real-Time Transfers Using Ripple’s Network
If you can’t beat them join them. For one digital remittances solutions provider, this held true. TransferGo announced on September 5 that it had launched a blockchain-based real-time transfer system that’s powered by Ripple. The company revealed that it had settled on Ripple’s network due to its speed of execution and its low costs, dubbing it as the best replacement for SWIFT. TransferGo will focus on the large Europe to India corridor, making Ripple an even better choice as it’s rate of adoption in India is quite high. The announcement comes at a time when most cryptos, Ripple’s XRP included, wiped out billions of dollars in hours.
Did Ripples CTO Create A Blockchain Like Technology 20 Years Before Satoshi Nakamoto?
Apparently, the Chief Technology Officer at Ripple, David Schwartz, created a distributed computer system 20-years before the onset of blockchain technology. Does this mean that Schwartz preceded Satoshi Nakamoto’s blockchain? Or, does this mean that Schwartz is Satoshi Nakamoto?
Well, in August 1988 it is alleged that Schwartz filed a patent for a multilevel distributed computer system that could be used to run on personal computers. In essence, this was built to allow computers to share processing powers across a network that would in turn allow for one huge network of distributed computing power.