The Ripple Drop: On the Ground at Swell 2019

2020-1-16 00:58

This episode of The Ripple Drop takes you on the ground at Swell 2019 in Singapore. We connected with RippleNet customers including goLance CEO Michael Brooks about the impact of On-Demand Liquidity on their business. In addition, Celent Sr. Analyst for Corporate Banking Alenka Grealish revealed findings from the 2019 Blockchain in Payments Report.

Swell 2019: On-Demand Liquidity Is a Game Changer
RippleNet customers from key corridors around the world attended Swell 2019 in November. Ripple’s SVP of Customer Success Marcus Treacher explained that customers are excited about using On-Demand Liquidity (ODL) to eliminate pre-funded accounts using the digital asset XRP.

Following the launch of ODL at Swell 2018, RippleNet has seen tremendous growth and customer interest in the service. In 2019 from Q1 to the end of October, there were more than 7x transactions on the network using ODL.

For early adopters like goLance Founder and CEO Michael Brooks, the value of ODL was obvious. Brooks took to the stage during the event for a panel on ODL impact and also sat down to discuss why his company’s network of freelancers depend on RippleNet’s ODL.

“RippleNet has been great because it helps us pay faster to some of the most challenging corridors that offer the greatest opportunity, like the Philippines,” said Brooks. “If we have 5000 people to pay, we have 5000 people that need that money immediately. Working with Ripple has helped us deliver payments faster and without the constraints of the weekend, and that has been really impactful to our business.”

The Flywheel Set in Motion: 2019 Blockchain in Payments Report
The second annual Blockchain in Payments Report was released during Swell 2019 and its findings revealed widespread adoption of blockchain based payments by financial service providers.

Sr. Analyst for Corporate Banking at Celent, Alenka Grealish, explained that the findings showed that banks and payment providers had already taken the leap into blockchain technology.

“If you think about adoption as a bell curve, you’ve got innovators, early adopters, early majority, late majority and laggards. The toughest point is moving from early adopters to the early majority phase,” said Grealish. “With 35% of respondents saying that they’re in implementation means we’ve crossed the chasm.”

Grealish explained that a heavy industry flywheel requires a massive amount of energy to complete its first rotation. The value of the technology to users has pushed the industry toward adoption and started turning the wheel.

“We’ve seen that first rotation and now we’re seeing the flywheel set in motion,” said Grealish. “And that involves ease of implementation, regulatory clarity as well as a boost perhaps from digital assets.”

If you’ve missed any of our Swell 2019 content you can register here to watch all the full sessions. And if you’ve missed previous episodes of The Ripple Drop catch up with us on Youtube.

The post The Ripple Drop: On the Ground at Swell 2019 appeared first on Ripple.

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2019 swell → Результатов: 37


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.

2019-11-27 17:05


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2019-11-13 18:30


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2019-11-10 12:04


How Ripple’s On Demand Liquidity (ODL) Is Changing Banking and Global Payments

New statements were made by a panel of senior banking officials on the subject of On-Demand Liquidity (ODL) at the Swell 2019 event held in Singapore. The panel was hosted by Ginger Baker, Senior Director of Product at Ripple along with panelists from goLance, Bitso, FlashFX, and Interbank Peru. The subject of blockchain and cryptocurrencies […]

2019-11-8 18:31


Фото:

10% транзакций MoneyGram между США и Мексикой осуществляются благодаря Ripple

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2019-11-8 14:40


Фото:

Swell 2019: MoneyGram CEO Says 10% of Transactions Between Mexico and U.S. Use On-Demand Liquidity

In June 2019, MoneyGram, one of the world’s largest money transfer companies, announced its plans to implement On-Demand Liquidity (ODL) through RippleNet. Less than six months later, MoneyGram Chairman and CEO Alex Holmes announced on stage at Swell 2019 that the company is currently moving 10% of its transaction volume through ODL between the United … Continued The post Swell 2019: MoneyGram CEO Says 10% of Transactions Between Mexico and U.S. Use On-Demand Liquidity appeared first on Ripple.

2019-11-8 11:24


Фото:

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2019-11-7 13:38


Swell 2019: How On-Demand Liquidity Is Changing the Global Payments Game

Last year at Swell, we first announced On-Demand Liquidity (ODL), which leverages the digital asset XRP as a bridge currency to eliminate the need for pre-funding in cross border payments. Since then, we have seen tremendous growth and customer interest with more than 7x the number of transactions using ODL from the end of Q1 … Continued The post Swell 2019: How On-Demand Liquidity Is Changing the Global Payments Game appeared first on Ripple.

2019-11-7 13:36


Фото:

Swell 2019: Dr. Raghuram Rajan on Enabling Financial Inclusion with Blockchain and Digital Assets

Dr. Raghuram Rajan, former Governor of the Reserve Bank of India and Distinguished Professor of Finance at the University of Chicago, took the stage at Swell 2019 and underscored the important role that technology, including blockchain and digital assets, plays in fueling economic growth, increasing financial inclusion and ultimately revolutionizing businesses in emerging markets around … Continued The post Swell 2019: Dr.

2019-11-7 11:20


MoneyGram CEO to Highlight the Impact of Digital Assets and Blockchain Technology at Swell 2019

The remittance industry is rapidly evolving: competition is fierce; urgency to quickly enter new markets has never been higher; and customers are demanding fast, low-cost global payments. As one of the world’s largest money transfer companies, MoneyGram is at the head of the pack—forging strategic partnerships and leveraging emerging technologies with the goal of improving … Continued The post MoneyGram CEO to Highlight the Impact of Digital Assets and Blockchain Technology at Swell 2019 appeared first on Ripple.

2019-10-16 20:00


Фото:

Ripple готовится: DBS Bank на Swell

#Ripple_News_на_русском #Ripple_XRP_Новости_сегодня Ripple готовится у завоеванию лидерства на мировом рынке. Такую стратегию Ripple проводит действительно достаточно успешно. Доказательством удачных шагов Ripple в некоторой степени можно считать и особенности будущего ежегодного мероприятия Swell.

2019-9-28 16:00