Payments News

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Companies

Ripple Is Aiming to Overtake Swift Banking Network, CEO Says

“Ripple Labs says it has more than 100 banks and payment providers on its RippleNet network, including Japan’s Mitsubishi UFJ Financial Group Inc. and Standard Chartered Plc, according to its website. Garlinghouse also said that speculation within the blockchain industry of a potential link-up between Ripple and Swift wasn’t true.”
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Companies

Ripple Event Reveal: 3 Companies Are Now Using XRP for Real Payments

“After a series of highly-publicized pilots, three companies are now making commercial use of Ripple’s xRapid product. XRapid employs the digital asset XRP, using it as a “bridge currency” in cross-border payments, which according to the company, reduces the cost and increases the speed of these payments by boosting liquidity. The three companies  – MercuryFX, Cuallix and […]
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Companies

Ripple Class-Action Lawsuit Can Proceed, Judge Rules – CoinDesk

“In a ruling Wednesday, U.S. District Judge Phyllis Hamilton, of the Northern District of California, allowed a putative class-action lawsuit by retail XRP (XRP) buyers to proceed. Hamilton said the suit can include claims filed under federal law but dismissed some claims filed under California state law. Plaintiffs can refile some of the claims under […]
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Companies

Cross-border Payment: Ripple, Siam Bank Partner to Launch App

“Currency exchange and remittance network technology company, Ripple, looking to expand its presence in Asia has partnered with Siam Commercial Bank to create a mobile application powered by blockchain to deliver fast, cheap and instant cross border payment. The application to be developed by Ripple apart from delivering cheap and fast cross border payment will […]
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Companies

Blockchain-Shy Bank of America Quietly Pilots Ripple Technology

“It was previously known that B of A is a member of the steering group that advises on rules and standards for Ripplenet, the network of financial institutions using Ripple products. But the news of the pilot is the strongest indication yet that the bank’s relationship with the startup goes beyond friendly advice. That would […]
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Companies

Ripple Reveals Global Fintech Expansion Strategy

“Ripple , a global leader in enterprise blockchain solutions for cross-border payments, is continuing its global expansion strategy. In the last month alone it has made two notable strategic moves to achieve this. We take a closer look.”

On The Wires

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Companies

RippleNet Reaches Milestone, Surpasses 200 Customers

“Ripple, provider of leading enterprise blockchain solutions for payments, announced today that 13 new financial institutions have signed up for the company’s payment network, RippleNet. The companies include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento. With these additions, there are now more than 200 customers signed up for RippleNet.”