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Companies

Standard Chartered bank begins using RippleNet for higher transaction speeds

“There’s another good news for Ripple and this time it involves Standard Chartered. Standard Chartered is a company from London which offers financial and banking services. They just revealed their plans to extend their use of Ripple (XRP) network. The plan involves providing payments across the border for more five pairs by the end of 2018.”
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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 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

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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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.”