Tag Archives: ripplenet

Photo: ShutterstockJapanese business and financial services company SBI Holdings Inc. has announced its decision to form a capital and business alliance with Fukushima Bank, to achieve several goals including increasing profitability for financial institutions in general, as well as improving local customer assets and productivity of related companies. The alliance will also see Fukushima Bank incorporating MoneyTap payment app, which is powered by Ripple.The general goal of improving...

United States’ retail behemoth Walmart has decided to expand its current offerings of financial services by offering money remittance services within its network of nearly 5,000 stores across America. It already has two money transfer services (the Walmart2Walmart and Walmart2World service launched last year) but the retail giant has also decided to power Walmart2World with Ripple‘s partners MoneyGram and Ria.November 4, 2019."@Walmart is announcing the next step in its commitment to help...

Ripple Labs Inc. has already started making inroads in the financial space in Asia as sources indicate that TPBank based in Vietnam is the first financial institution in the country to join the blockchain payments network. RippleNet allows international remittances to take place in mere minutes rather than in days unlike traditional networks such as SWIFT and at much less cost as well.This was stated on the bank’s website which indicated the bank’s first foray into blockchain technology and...

Samsung Electronics America has officially announced that it will collaborate with the fintech firm, Finablr. The partnership aims to launch an international money transfer service that will operate through the Samsung Pay app. The service currently targets US users and Finablr’s subsidiary Travelex powers it.Official information shows that Finablr is a listed partner of Ripple in London. Nonetheless, this deal with Samsung has no involvement from Ripple or XRP. An official announcement...

Ripple Labs Inc has taken one more step in consolidating its global remittances and payments network with a new partnership with London-based Fintech firm Finastra. The company announced this yesterday in a statement indicating the partnership will offer Finastra’s customers access to Ripple’s Mainnet blockchain. Being one of the most successful banking software solutions firms in the world, Finastra offers software solutions to all across the financial value chain and the global linkages it...

Ripple‘s XRP token has been one of the poorest performers in the top ten cryptocurrencies in the market. XRP has shed more than 60% of its market cap year-to-date. However, XRP price’s sudden surge over the last few days has drawn investor attention back to the third-largest cryptocurrency.If we look at the weekly chart of CoinMarketCap, we can see that XRP has jumped by over 10% in just the last three days. At press time, XRP is trading at $0.27 with a market cap of just above $12...

XRP is the third-largest cryptocurrency by market cap and it is probably the only cryptocurrency with established relationships with traditional financial institutions. If you’ve been following cryptocurrencies, you’ll probably be wondering if you should buy XRP in 2019. XRP was released in 2012 by Ripple Labs Inc with the singular aim of becoming a blockchain-powered solution for sending money across borders seamlessly.You probably won’t be excited to buy XRP in 2019 when you consider the...

To make sure that Ripple‘s XRP begins to function on a broad basis, Ripple Labs has introduced the Xpring platform in order to enable third parties to be able to use XRP’s Mainnet for different kinds of applications like never before. One year after Ripple announced the existence of the platform, the XRP development team decided to enable just about anyone to be able to create smart applications that use XRP as the main token of execution of transactions.Ripple indicated this in a tweet that...

Ripple Labs Inc, the owners, and developers of XRP, has just acquired Algrim, a crypto trading firm which has quite a bit of talent despite its small number of human resources.The six-person cryptocurrency firm which has been around for about a decade gives Ripple Labs a foothold in the crypto-friendly country of Iceland which though smaller than 500,000 people (around 340,000) has been at the center of the crypto space for many reasons one of them being access to cheap electricity.With its...