UAE-based LuLu Exchange is in the news after it announced its partnership with Ripple and India’s Federal Bank to facilitate faster cross-border payments from UAE to India. We are proud to announce our partnership with Ripple and Federal Bank to enhance real-time payments from UAE to India that are faster and more affordable than ever...Read More
Ripple is in the news today after it announced a partnership with Mobile Money, a Malaysian mobile wallet company, to facilitate wallet-to-wallet payments between Malaysia and Bangladesh and serve the remittance corridor between the two countries. Through RippleNet, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS), a company that...Read More
Global trade finance bank, Euro Exim is working with Ripple to connect banks, payment providers, and digital asset exchanges via RippleNet. Euro Exim is a class A International Banking Financial institution incorporated under the revised laws of St. Lucia, which authorizes it to conduct business with third parties across industries worldwide. The bank has implemented...Read More
With the crypto-market rally finally gathering steam over the past few months, many expect the likes of Ripple to take the next step forward. A similar thought process was recently shared by Asheesh Birla, GM of RippleNet, after he appeared on the latest edition of the Lend Academy podcast to explain why Ripple’s Line of...Read More
Ripple’s Q3 market report revealed that XRP’s average daily volume reported in Q3 was $403.58 million, a considerable increase from $196.28 million in Q2. Source: Q3 2020 XRP Markets Report This volume was inclusive of Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand. Regarding Ripple’s...Read More
Vietnam’s Orient Commercial Joint Stock Bank is in the news after it joined RippleNet as a strategic partner on 16 October. Phong Nguyen, Head of Fintech at OCB, described the strategic partnership as the result of a “10-month effort in mobilizing multi-division resources and aggressively exploring business use cases.” According to Nguyen, Ripple’s technology will...Read More
A recent episode of The Ripple Drop saw executives give their predictions on the state of the crypto world in 2020 and beyond. Ripple Team Looks to the Future Ripple has recently released a special holiday episode of ‘The Ripple Drop’, which looks back on the things that impacted the crypto and blockchain industry over...Read More
Xago, a Cape Town-headquartered fintech firm, revealed on October 9 that it’s launching a Ripple gateway and custom-designed exchange. As noted in the release, Xago’s exchange connects to and utilizes RippleNet, a decentralized network of banks and other financial services providers that facilitates quick and cheap cross-border transfers. Notably, the Xago exchange exclusively uses XRP,...Read More
According to a recent report, a leading financial institution PNC has become the first bank to provide international remittances service in the United States using RippleNet after it remitted $4.3 billion as revenue in the first quarter of 2019, and had $385.9 billion in average assets. The bank now uses Ripple’s chain of banks and...Read More
PNC has gone beyond the normal by creating a tech startup Numo that exists within its ecosystem. Will the new trend be a unique mix of partnerships between finance and technology or just a hybrid? National Banking Network PNC just went one step further into the future. The wizzes at one of the largest banking...Read More
Photo: Wikimedia Commons PNC Financial Services Group, Inc. finally went live with the blockchain payments platform RippleNet. By doing this, it became a first-ever American bank that decided to process cross-border payments just a year after they decided to adopt Ripple’s technology. As one of the ten largest banks in the U.S., the inaugurating of...Read More
PNC Treasury Management, the United States’ eighth-largest bank, is now offering RippleNet-based cross-border payment solutions to its commercial clients. RippleNet blockchain provides a frictionless experience to send money globally within a secured infrastructure. However, PNC claims that this will help traders to receive payments from overseas buyers instantly. Also, it will transform the way they manage...Read More
Ripple continues to build its ecosystem whenever possible. Particularly its RippleNet solution is of great interest to remittance providers. Numerous companies are already embracing this technology today. It now seems another name can be added to that list in the form of Xendpay. This further validates the technology stack on a global scale. What is...Read More
