Ripple Takes Further Steps In Global Payments

2018-10-23 17:20

Ripple, the company behind XRP, has the potential to gain a foothold in global payment and remittance systems via its suite of blockchain software. After recently releasing new products, like xRapid, Ripple is pushing ahead with its goals.

First Cross-Border Blockchain Payment Completed by MoneyMatch Malaysia

A Malaysian fintech company, MoneyMatch, last week completed its first cross-border transaction using Ripple’s xVia solution. A volume of Malaysian ringgits was transferred and arrived a few hours later in Spain as Euros, after being exchanged. The transfer speed beat traditional systems like SWIFT, which can take up to three days.

MoneyMatch has also now completed transfers to Ireland, Germany, and Latvia using xVia.

Ripple’s xVia uses a standard API interface and the RippleNet blockchain to “seamlessly” send and confirm payments. It compliments Ripple’s xCurrent and xRapid solutions. The product is applicable to emerging markets where digital payment platforms are increasingly common instead of traditional banking systems.

xVia is also used by FairFX, Exchange4Free, RationalFX, UniPAY, and its latest adopter, Platio, a smart banking startup platform in London, UK.

A New Partnership with the Bill and Melinda Gates Foundation – Mojaloop

A partnership between The Bill and Melinda Gates Foundation, Ripple Labs and digital payments company Coil look set to use Ripple’s Interledger Protocol to support “pro-poor payment systems.” The Interledger Protocol connects different payment ledgers and works to enable quicker cross-border transactions.

The foundation launched open-source mobile payments platform Mojaloop to reach more of the world’s unbanked population. Mojaloop will likely integrate Interledger, but will not use Ripple’s XRP coin, at least so far.

The full details of this latest implementation for Ripple’s technology have yet to be released fully, but the Mojaloop website cites Ripple as a design collaborator for the platform.

Ripple Labs is actively building more and more partnerships with financial organizations to accelerate the use of its blockchain-based payments solutions. The price of Ripple’s native coin XRP shot up in September 2018, after news of the xRapid launch. Right now XRP’s price is hovering around the $0.45 mark.

The post Ripple Takes Further Steps In Global Payments appeared first on UNHASHED.

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ripple global completed takes blockchain steps further

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ripple global → Результатов: 126


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Ripple заключила сделку с Cambridge Global Payments

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2018-10-18 19:59


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2018-10-3 19:40


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2018-10-3 18:00


Marcus Treacher Says Ripple’s Inter Ledger Protocol (ILP) Hopes to Build a Better Interconnected World

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2018-10-2 03:19


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2018-9-20 07:12


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LG Joins Ripple (XRP), Stellar (XLM) In Cross-border Remitting

LG Uplus, the mobile wing of LG, is joining the likes of Ripple (XRP), Stellar (XLM), and Swift, among others in providing the state of the art cross-border payment solution. The firm announced it joined with global partners in Japan, Taiwan and the United States to give subscribers the opportunity to use a blockchain-based overseas […] The post LG Joins Ripple (XRP), Stellar (XLM) In Cross-border Remitting appeared first on Ethereum World News.

2018-9-17 13:08


LinkedIn List: Ripple Gets Position 7 In The List Of The Best Startups In 2018

The crypto world seems to have come a long way to penetrate various business circles in the global market, but it’s Ripple that’s making some real ripples. In the list of LinkedIn’s 2018 list of the coolest startups, Ripple bagged 7th Position, a feat that says a lot about just how much crypto startups have […] The post LinkedIn List: Ripple Gets Position 7 In The List Of The Best Startups In 2018 appeared first on ZyCrypto.

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