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Tag Archives: FinTech News

Ripple’s XRP Payments Find Use on goLance Platform with over 500,000 Users

Popular freelance platform goLance has praised Ripple for making the payments of over 500,000 users a walk in the park, in what can best be described as a show of excitement. The company announced that Ripple’s On-Demand Liquidity, a cross-border payments solution powered by XRP, will officially be used to settle the payments of its users.The Painful Old WayLike most successful companies, growth is unstoppable. The same can be said about goLance, which has seen a spike in the number of its...

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Ripple’s Global Network RippleNet Is Driving Usage of XRP

In an article, titled “The Sign of a Stabilizing Market: XRP Utility” that was published on Ripple‘s official website on Thursday, January 30, 2020, the company revealed that financial institutions are already utilizing the power of blockchain and digital asset technology. And there are tangible results to prove it.Ripple, the blockchain firm that actively uses the popular altcoin XRP in its solutions, has been in the news for a while now. Following a number of positive developments that...

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Ripple and XRP Earn Mentions at Recent Hearing in U.S. Congress

Ripple and XRP were directly mentioned at a United States Congressional Hearing that was held on Thursday 30, January 2020. The hearing, which was titled ‘Is Cash Still King?’, was set by U.S. lawmakers to decide the fate of cash with relation to the rise of XRP and other cryptocurrencies.During the hearing, Congress directly mentioned blockchain firm Ripple and the efforts it has made with the adoption of XRP. So, someone eventually got it to spot on by recognizing that there is a popular...

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UK Is Top Destination for European Fintech Investment with $4.9 Billion Received

The United Kingdom (including London) fintech ecosystem has reached a new record of $4.9 billion in investment. And as a result, it has managed to secure its position for another year as the number one destination for European fintech investment. Only the United States has a better record, according to the recent report from City AM, London.Exclusive data from Innovate Finance has revealed that the UK recorded a 38% increase in venture capital and private equity investment into its fintech...

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Ripple’s IPO May Ruin XRP Price, Experts Warn

Off lately, the San Francisco-based blockchain startup Ripple has been frequent in news. Ripple CEO Brad Gralinghouse has been much vocal about his company’s plans for 2020 and ahead.During the last week’s World Economic Forum 2020, the U.S. Treasury Secretary Steven Mnuchin expressed confidence in the development of new cross-border payment systems. Post Mnuchin’s statement, Ripple CEO Brad Garlinghouse also said that this could turn positive in favor of the company.Ripple has been actively...

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Ripple Is Getting Ready to Launch Xumm Banking Application

Ripple’s Xpring initiative XRPL Labs is getting ready to launch its Xumm banking application. The app will allow users to store fiat and digital currencies in the wallet account, without any intervention from banks. In other words, Xumm offers banking services without banks getting involved.Xumm banking application is powered XRP, the token that is widely used in Ripple’s solutions. Notably, it will be available for all kinds of users. Easy to use, the app requires no special knowledge with...

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Bitcoin Price Breaks over $9,000 but Coronavirus Isn’t the Only Influencing Factor

As per reports from Forbes on January 27, 2020, Bitcoin (BTC), the world’s largest cryptocurrency experienced a 5% rise, briefly climbing as high as $9,142.80 per Bitcoin on the Luxembourg-based BitStamp exchange before slightly falling back afterward. At the moment of writing, Bitcoin price is $9,017. However, this price still demonstrates a more than 4% growth over the last 24 hours.Since Bitcoin enjoyed a tremendous boost in 2017, it has struggled to reach a similar height. The crypto is...

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Ripple Describes Future of Payments for 2020, XRP Poised to Benefit

Ripple has said that blockchain technology and other fintech solutions will usher in the future of payments in 2020. In an official publication posted on Thursday, the company explains what the future of payments will look like. The publication also details events that are likely to unfold this year and how new technology will lead the way.In the Future Payments Will Be Faster and SmallerRipple is stressing that as time goes on, financial institutions and payment companies will have to...

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Visa, BNP Paribas Invest $80M into Fintech Startup Currencycloud

Recently, the UK fintech startup Currencycloud ran a series E funding round. Among the participants were Sapphire Ventures, Notion Capital, Anthemis, Accomplice, and Google’s venture wing GV. All of them supported Currencycloud earlier. Besides, the startup boasted it had attracted new investors. Visa, World Bank arm International Finance Corporation, BNP Paribas, Siam Commercial Bank and former Softbank spinoff SBI Group joined the round and invested as much as $80 million.The round has...

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Ripple Announces Massive Global Expansion for Its XRP Payments Network in 2020

Ripple, the company that actively uses the world’s third-largest cryptocurrency XRP in its solutions, is having big plans ahead this year in 2020. In the latest development, Ripple said that it plans to launch its XRP-based cross-border payments systems to global markets.In the newly released XRP Market Report, Ripple said that plans to bring XRP-based international payments to companies and individuals alike. Furthermore, the blockchain startup explained that XRP provides real-time gross...

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