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Ripple’s CEO Aims to Dismantle Legacy Cross-Border Payments Infrastructure
In a recent interview, Ripple Labs’ CEO Brad Garlinghouse has indicated his ambition to replace legacy cross-border payment mechanisms with an XRP-based solution. Ripple Labs Declares War on Legacy Cross-Border Banking Practice Appearing in a podcast by The Jay Kim Show in Singapore at Ripple’s 2019 Swell Conference, Garlinghouse criticized the infrastructure for global remittances […] The post Ripple’s CEO Aims to Dismantle Legacy Cross-Border Payments Infrastructure appeared first on Crypto Briefing. дальше »
2019-11-27 17:05 | |
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China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says
Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments. дальше »
2019-11-27 21:15 | |
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TransferGo перейдет на платежное решение Ripple с использованием XRP
Фирма денежных переводов TransferGo планирует перейти на платежное решение Ripple «ликвидность по требованию» (ODL), в которой XRP выступает промежуточной валютой. For many families around the world, cross-border transfers that take even a few minutes are too slow. дальше »
2019-11-26 13:29 | |
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Ripple signs remittance provider TransferGo to use RippleNet
TransferGo, an online remittance platform pitched at migrant workers, has entered into a new agreement with Ripple to use the company’s technology for cross-border transfers to and from Southeast Asia, Latin America and Africa. дальше »
2019-11-26 13:07 | |
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Payment platform MoneyNetint wins award for most connections on the Ripple network
Global payment platform MoneyNetint has won Ripple’s Best Connector Award for outstanding business growth over the past year. In an email to CryptoSlate, the company said the award will help strengthen its foothold as a leader in cross-border payments and grow its user base around the world. дальше »
2019-11-26 01:05 | |
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Firms Have Borrowed $8.2 Billion from the Blockchain Platform of a Chinese Forex Regulator
The Chinese regulator State Administration of Foreign Exchange (SAFE) runs a cross-border blockchain financing system and has helped firms with more than $8.2 billion. The SAFE platform has helped small and medium-sized (SMEs) corporations and enterprises with this amount of money in only 8 months after being opened, reports the Economic Information Daily. Ever since […] дальше »
2019-11-26 22:44 | |
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Ripple's Brad Garlinghouse plans to bring in more legacy institutions
Despite the fresh wave of technological advancement in the payment front, the 46-year old institution SWIFT continues to enjoy its position as the current standard for cross-border payments. The leThe post Ripple's Brad Garlinghouse plans to bring in more legacy institutions appeared first on AMBCrypto. дальше »
2019-11-25 15:56 | |
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Bitcoin enables cross-border payments at 'fraction of existing system's cost'
Bitcoin proponent and avid venture capital investor Tim Draper has been open about his view on the king coin's eventual dominance in the finance landscape. In an interview with the Wall Street JournalThe post Bitcoin enables cross-border payments at 'fraction of existing system's cost' appeared first on AMBCrypto. дальше »
2019-11-21 22:30 | |
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Second Largest Australian Bank Broke AML Laws More Than 23 Million Times
Westpac, Australia’s second-largest bank, violated money laundering laws 23 million times and could be fined AUD21 million (US$15. 7 million) per breach. Westpac Banking Corp, the second-largest bank in Australia, currently faces multiple accusations. дальше »
2019-11-20 11:10 | |
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Ripple Partner Banco Santander to Run its Blockchain-based Payment System on 6 More Corridors
In April 2018, Santander launched a foreign exchange service that uses the blockchain technology via Ripple to make same-day international money transfers. At the time, it said the service called Santander One Pay FX has been the first cross-border payments service using blockchain made by a bank. It went live in the UK, Span, Brazil, […] дальше »
2019-11-16 19:48 | |
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China’s State Administration of Forex (SAFE) Extends Cross-Border Pilot to Leverage Blockchain Tech
China’s State Administration of Foreign Exchange (SAFE) has recently taken a move to help leverage blockchain technology so that better cross-border financial services are offered, reports local news outlet Global Times. дальше »
2019-11-12 01:27 | |
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Canadian Stablecoin ‘CUSD’ Launches Today
An Ontario based blockchain company is rolling out the first fully-regulated Canadian-delivered USD stable coin. According to news published by Yahoo Finance on November 11, the new stable token aims to ease access to the digital currency asset class in North America and facilitate cross-border transactions between Canada and the U. дальше »
2019-11-12 00:00 | |
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MAS and JP Morgan Develop Blockchain-Based Cross-Border Payments Network
Monetary Authority of Singapore (MAS) has managed to create a new blockchain-based prototype for multi-currency payments, in collaboration with Temasek and JPMorgan. According to the developers, the network could significantly improve numerous aspects of sending payments, including the cost efficiency for businesses. дальше »
2019-11-11 15:44 | |
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Singapore’s FinTech Startup M-DAQ Receives Massive Funding from Samsung
Coinspeaker Singapore’s FinTech Startup M-DAQ Receives Massive Funding from SamsungM-DAQ will be working with Samsung to bring its cross-border payments and currency trading solutions across South Kore and East Asia. дальше »
2019-11-11 15:12 | |
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Singapore's central bank to develop prototype for cross-border payments
Monetary Authority of Singapore [MAS] recently revealed that it had collaborated with banking giant J.P. Morgan in order to develop a blockchain-based prototype. J.P. Morgan has always been bullishThe post Singapore's central bank to develop prototype for cross-border payments appeared first on AMBCrypto. дальше »
2019-11-11 09:00 | |
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Объем трансграничных b2b-платежей в блокчейне к 2024 году превысит $4 трлн
К 2024 году объем трансграничных b2b-платежей в блокчейне превысит $4,4 трлн. К такому выводу пришла аналитическая компания Juniper Research в своем исследовании «Blockchain: Key Vertical Opportunities, Trends & Challenges 2019-2030». дальше »
2019-11-7 16:59 | |
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Vietnam: TPBank Joins RippleNet to Enable Blockchain-Enabled Cross-Border Payments
Vietnam-based TPBank (Tien Phong Commercial Bank) has become the latest member to join Ripple Inc. ’s blockchain-powered enterprise-grade payments network RippleNet. This, according to a report by Yahoo! Finance, November 4, 2019. дальше »
2019-11-5 20:00 | |
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Stellar (XLM) support added to crypto data platform Amberdata
Amberdata, a blockchain and crypto-asset data platform, has announced the integration of Stellar (XLM). This comes with the Amberdata team fresh off of receiving an undisclosed amount of funding from several VCs last week. дальше »
2019-11-6 18:55 | |
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Ripple's allegations about SWIFT's '6% error rate' may be inaccurate
Ripple's business model has long been touted as an efficient solution for conducting cross-border payments, a field that is currently dominated by SWIFT. SWIFT's archaic technological standards haveThe post Ripple's allegations about SWIFT's '6% error rate' may be inaccurate appeared first on AMBCrypto. дальше »
2019-11-5 15:00 | |
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XRP is 1/10th as volatile as fiat for cross-border transactions: Ripple
Ripple's team today substantiated on CEO Brad Garlinghouse's claim that a typical XRP payment has one-tenth the volatile exposure of cross-border transactions. Breanne Madigan, Head of the Global InstThe post XRP is 1/10th as volatile as fiat for cross-border transactions: Ripple appeared first on AMBCrypto. дальше »
2019-11-1 12:28 | |
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XRP Is 10 Times Safer Than Fiat for Intl Payments – Ripple
According to Ripple, XRP is 1/10th as volatile as fiat for cross-border payments. The current SWIFT system is so slow it exacerbates international payment risk. XRP payments clear so fast that the exchange rate risk is negligible. дальше »
2019-11-1 03:30 | |
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New Survey: Why Ripple’s XRP is Perfectly Positioned to Take over 80% of SWIFT’s Cross-Border Payments Market Share
The 2019 report by the Association for Financial Professionals (AFP) underwritten by JP Morgan revealed that more than 60% of survey respondents believe faster payments will have a positive impact on their organizations. дальше »
2019-11-1 23:44 | |
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Do the Math: XRP is One Tenth As Volatile As Fiat for Cross-Border Transactions
Many consider data transparency the foundation of truth. It gives people access to information and an opportunity to form their own, unbiased opinions. At Ripple, we provide transparency about Ripple’s sales of the digital asset XRP through our quarterly reporting, and we continue to find other ways to share new useful data and insights about … Continued The post Do the Math: XRP is One Tenth As Volatile As Fiat for Cross-Border Transactions appeared first on Ripple. дальше »
2019-11-1 20:29 | |
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Stellar ends inflation of XLM with latest protocol upgrade
Stellar has successfully completed its scheduled Protocol 12 upgrade, effectively disabling inflation for the network’s cross-border payments-focused crypto, Stellar Lumens (XLM). The Stellar Development Foundation (SDF), the non-profit that spearheads the development of Stellar, proposed three “Core Advancement Proposals” for the upgrade when they announced it at the start of October—modifications that were put into […] The post Stellar ends inflation of XLM with latest protocol upgrade appeared first on CryptoSlate. дальше »
2019-10-30 10:11 | |
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China’s SAFE Regulator: Libra Could Be Used For Mischievous Cross-Border Payments
A senior Chinese regulator, Sun Tianqi recently spoke about the Facebook’s Libra project. According to the Chief Accountant of China’s State Administration of Foreign Exchange, Libra needs to abide by the same kind of law that other foreign currencies do or it will be banned from the country. According to Sun, countries that asses Libra […] дальше »
2019-10-29 01:44 | |
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RippleNet partner InstaReM rebrands to Nium to create world of ‘Open Money’
Cross-border payments provider and RippleNet partner InstaReM has announced its rebranding to become a part of Nium. The official statement highlighted that while the rebrand was part of the strategy since its recent $41m funding round, Nium’s goal is to create a world of ‘Open Money’ which will enable businesses to send, spend and receive money […] The post RippleNet partner InstaReM rebrands to Nium to create world of ‘Open Money’ appeared first on AMBCrypto. дальше »
2019-10-29 17:45 | |
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China: Forex Regulator Warns Against Illegal Crypto Cross-Border Flows
Emerging markets must crackdown on crypto-enabled illegal cross-border capital flows, says China’s State Administration of Foreign Exchange
дальше »2019-10-29 12:22 | |
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China Studying Blockchain and AI for Cross-Border Financing
China is studying the application of blockchain in cross-border financing and risk management
дальше »2019-10-28 15:56 | |
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Facebook’s Libra raises awareness about slow, expensive cross-border payments
At the recent Fintech Abu Dhabi event, CNBC‘s Hadley Gamble interviewed Transferwise CEO Matt Briers on the issue of Libra, the proposed cryptocurrency project by Facebook. During the interview, Briers said that if Transferwise had been asked about it a few months ago, it would be as interested as the firm is today. дальше »
2019-10-24 20:00 | |
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Leading Japanese Bank SMBC Completes Blockchain Cross-Boarder Test Using R3’s Marco Polo
Sumitomo Mitsui Banking Corporation (SMBC), which is the third-largest bank by assets in Japan, has effectively executed Marco Polo's blockchain trade finance platform, as indicated by the press release release on October 18. дальше »
2019-10-22 18:35 | |
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Ripple’s on-demand liquidity platform reports a 75% increase in Q3
With its recent Q3 report, Ripple noted the rise in demand for its On-Demand Liquidity [ODL], earlier known as xRapid, leveraging XRP to source liquidity for cross-border transactions. The report read: “Ripple customers live with ODL, including MoneyGram and others, increased by 75% last quarter and dollar volume on ODL increased more than five times […] The post Ripple’s on-demand liquidity platform reports a 75% increase in Q3 appeared first on AMBCrypto. дальше »
2019-10-20 17:00 | |
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National Bank of Cambodia (NBC) To Test Bakong Crypto Wallet For International Payments
The Central Bank of Cambodia has recently announced that it plans to diminish the costs of cross-border transfers and payments by using a digital wallet based on a blockchain called Bakong, powered by the Hyperledger technology. дальше »
2019-10-19 00:05 | |
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David Marcus, Nandan Nilekani talk cross-border payments and Libra
The latest International Monetary Fund (IMF) conference featured leaders from technology, banks, and regulators to discuss the trajectory of the fintech ecosystem. Leading the conversation was Facebook’s David Marcus, Head of Calibra, who highlighted the current constraints of the existing financial system. дальше »
2019-10-18 21:33 | |
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Winds Of Change: Clean Energy Policy And Crypto Adoption Find Common Enemies
Entrenched interests stand to lose out should cryptocurrency find a foothold in consumer transactions and cross-border payments. SWIFT processed over $300bn worth of transactions daily in 2018, according to its annual review. дальше »
2019-10-12 22:00 | |
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Finastra is the Latest Remittance Provider to Partner Ripple and Leverage XRP
Ripple has made a lot of headlines over the past few years. Although cryptocurrency enthusiasts still dislike the company, their business model is more than sound. As a result of their approach, Ripple’s partner list has now grown. дальше »
2019-10-10 01:59 | |
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Finastra Forge Alliance with Ripple for DLT-Based Cross-Border Payments
Finastra, a company that claims to be the third-largest financial technology (fintech) company in the world, has joined forces with Ripple, the distributed ledger technology (DLT) project behind the XRP altcoin, to offer clients faster and more cost-efficient cross-border payments powered by blockchain technology, according to a blog post on October 8, 2019. дальше »
2019-10-9 20:00 | |
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