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	<title>News &#8211; Ripple</title>
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	<description>Ripple is the open-source payments protocol for free and instant exchange of any form of money or value.</description>
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		<title>What’s on the Regulatory Horizon for Digital Assets in the E.U.?</title>
		<link>https://ripple.com/insights/whats-on-the-regulatory-horizon-for-digital-assets-in-the-e-u/</link>
		<pubDate>Fri, 08 Feb 2019 17:01:21 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[blockchain]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17690</guid>
		<description><![CDATA[<p>When Eva Kaili first attended a blockchain conference shortly after being elected as a Member of the European Parliament for Greece in 2014, she was treated with suspicion by advocates of the then-nascent technology. “When they heard I was a politician, they didn’t want me there,” she told the crowd gathered at the luxury Andaz &#8230; <a href="https://ripple.com/insights/whats-on-the-regulatory-horizon-for-digital-assets-in-the-e-u/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/whats-on-the-regulatory-horizon-for-digital-assets-in-the-e-u/">What’s on the Regulatory Horizon for Digital Assets in the E.U.?</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Ripple_Regionals_Eva_Kaili.png"><img class="aligncenter size-full wp-image-16667" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Ripple_Regionals_Eva_Kaili.png" alt="Ripple Regionals EU with Eva Kaili" width="1000" height="635" /></a></p>
<p>When <a href="http://www.evakaili.gr/en/eva/" target="_blank" rel="noopener">Eva Kaili</a> first attended a blockchain conference shortly after being elected as a Member of the European Parliament for Greece in 2014, she was treated with suspicion by advocates of the then-nascent technology.</p>
<p>“When they heard I was a politician, they didn’t want me there,” she told the crowd gathered at the luxury Andaz hotel for the recent Ripple Regionals event in London. Rather than be fazed by her reception, this inspired Kaili to be even more determined to understand the benefits of blockchain.</p>
<p>“I believed that if we were not positive,” she explains, “the resistance of the traditional players would only increase and could even kill a technology that had so much potential for good.”</p>
<p>The contrast between then and now is notable. Kaili’s Ripple Regionals talk on how the E.U. will regulate blockchains and digital assets was well received by the assembled leaders from banks, financial institutions and fintech businesses for two simple reasons: the growing mainstream acceptance of the technology and the E.U.’s new positive approach to regulation.</p>
<p><strong>Positive resolutions and funding innovation</strong></p>
<p>Up until recently, many of world’s financial institutions had taken a defensive stance to digital assets. Their presence at Ripple Regionals demonstrates how many are now seeing the value of using the technology to provide their customers with faster, cheaper and more transparent cross-border payments.</p>
<p>Yet, there is still work to be done on the regulatory front and Kaili is passionate about helping to provide the clarity that will help remove barriers to adoption. For the past four years, the Greek MEP has spearheaded a fresh Europe-wide approach to blockchain and digital assets.</p>
<p>In 2018, she proposed a <a href="http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+MOTION+B8-2018-0397+0+DOC+XML+V0//EN&amp;language=en" target="_blank" rel="noopener">European Parliament Resolution</a> that calls on the European Commission and the European Central Bank (ECB) to look into the sources of crypto-volatility, identify dangers and consider the possibility of incorporating cryptocurrencies into the European payment system.</p>
<p>She also wants to work towards standardization on all aspects of blockchain technology, from defining the status of digital assets to more transparency on Initial Coin Offerings (ICOs) and guidelines for resolving smart contracts. One of Kaili’s key positions is that fewer regulations will allow innovators to move faster.</p>
<p>“We do not want to stop innovation,” she explains. “The resolution is a roadmap to support this very exciting technology. We’ve shown that we are open-minded.”</p>
<p>Support also comes in the form of funding to promote research and development. The <a href="https://ec.europa.eu/isa2/news/european-commission-has-announced-investment-%E2%82%AC92-billion-align-next-long-term-eubudget-2021_en" target="_blank" rel="noopener">Digital Europe Programme</a> has a €9.2 billion fund for various digital initiatives including blockchain-related projects, while the European Commission may have <a href="https://ec.europa.eu/digital-single-market/en/blockchain-technologies" target="_blank" rel="noopener">more than €300 million available</a> for blockchain pilots.</p>
<p>As Kaili tells the room, “We will help you innovate by removing some of the risk.”</p>
<p><strong>Driven by everyday benefits</strong></p>
<p>This is all great news for Europe’s blockchain advocates, though the MEP is driven by how this decentralized technology can ultimately benefit everyone across Europe.</p>
<p>“After the debt crisis in Greece, I realized that the central banks had too much control over our deposits,” she says, “and I thought that we should find a solution.”</p>
<p>The kind of problems that blockchain technology can solve have also affected Kaili on a personal level.</p>
<p>“Recently, I had to send €2,000 to my mother in Greece from my account in Brussels,” she recalls. “She needed the money that day and I couldn’t use the bank because it would take three working days. If I could send it to her using RippleNet, she would immediately receive the payment.”</p>
<p>Kaili also mentioned the high fees associated with cross-border payments and how digital assets can reduce those fees. Though the ECB remains resistant to these ideas, she isn’t waiting around: “If there are benefits for European citizens, there are no banks that can stop us from using the technology.”</p>
<p><strong>An unstoppable technology</strong></p>
<p>Ultimately, Kaili believes that all sectors of life will be changed and improved by blockchain and digital assets.</p>
<p>“By its nature, blockchain technology doesn’t recognize borders,” she says. “It’s unstoppable. You will be disrupted if you don’t try to understand it. Instead you need to see the potential.”</p>
<p>The new regulations she has proposed will remove barriers to innovation and adoption and she called on all the entrepreneurs and institutions in the Ripple Regionals audience to avail of the E.U. funding and develop new ideas that will connect Europe and the rest of the world in positive ways.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/whats-on-the-regulatory-horizon-for-digital-assets-in-the-e-u/">What’s on the Regulatory Horizon for Digital Assets in the E.U.?</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>University Blockchain Research Initiative Expands Global Footprint with 11 New Partners</title>
		<link>https://ripple.com/insights/university-blockchain-research-initiative-expands-global-footprint-with-11-new-partners/</link>
		<pubDate>Thu, 07 Feb 2019 14:58:09 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[academic research]]></category>
		<category><![CDATA[blockchain research]]></category>
		<category><![CDATA[research labs]]></category>
		<category><![CDATA[Ripple]]></category>
		<category><![CDATA[UBRI]]></category>
		<category><![CDATA[university]]></category>
		<category><![CDATA[University Blockchain Research Initiative]]></category>
		<category><![CDATA[XPR Ledger]]></category>
		<category><![CDATA[XRP Ledger validators]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17679</guid>
		<description><![CDATA[<p>Ripple has expanded the group of partners within its University Blockchain Research Initiative (UBRI). This global initiative, which launched in June 2018, now supports 29 schools to further accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. Since its launch, UBRI has helped foster increasing levels of interest and academic activity &#8230; <a href="https://ripple.com/insights/university-blockchain-research-initiative-expands-global-footprint-with-11-new-partners/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/university-blockchain-research-initiative-expands-global-footprint-with-11-new-partners/">University Blockchain Research Initiative Expands Global Footprint with 11 New Partners</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research.png"><img class="aligncenter size-full wp-image-16667" src="https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research.png" alt="" width="1000" height="635" srcset="https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research.png 1000w, https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research-300x191.png 300w, https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research-768x488.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>Ripple has expanded the group of partners within its University Blockchain Research Initiative (UBRI). This global initiative, which launched in June 2018, now supports 29 schools to further accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. Since its launch, UBRI has helped foster increasing levels of interest and academic activity by leading faculty, post-doctoral and graduate students at many of the world’s top universities.</p>
<p>The new cohort of partners includes a broader and even more global selection of top-tier university and college partners, representing a wide variety of academic disciplines. New UBRI partners include:</p>
<ul>
<li><a href="https://www.cmu.edu/">Carnegie Mellon University</a></li>
<li><a href="https://www.cornell.edu/">Cornell University</a></li>
<li><a href="https://www.duke.edu">Duke University</a></li>
<li><a href="https://www.georgetown.edu/">Georgetown University</a></li>
<li><a href="https://ku.edu/">University of Kansas</a></li>
<li><a href="https://umich.edu/">University of Michigan</a></li>
<li><a href="https://www.morgan.edu/">Morgan State University</a></li>
<li><a href="http://nus.edu.sg/">National University of Singapore</a></li>
<li><a href="https://www.northeastern.edu/">Northeastern University</a></li>
<li><a href="https://www5.usp.br/">University of Sao Paulo</a></li>
<li><a href="http://eng.pbcsf.tsinghua.edu.cn/portal/list/index/id/117.html">Institute for Fintech Research, Tsinghua University</a></li>
</ul>
<p>Partners will utilize UBRI resources in unique ways, developing curricula and expanding or launching courses, hosting conferences and awarding scholarships to faculty and students pursuing work in blockchain, cryptocurrency, digital payments and related topics. These programs, driven by the university partners, are poised to prepare the next generation of engineers, business leaders, entrepreneurs and other professionals to apply these technologies in practice. In addition, these programs will increase positive awareness of the transformative impact that blockchain technology will have across all industries.</p>
<p>As in the days of the early Internet, academic institutions are expected to serve as a major source of innovation as blockchain and cryptocurrency technologies continue to mature. The independence and rigor inherent to universities enables them to fulfill this special role, which paves the way for innovative entrepreneurs and companies as well as educates the broader market on how blockchain will impact the world beyond cryptocurrency.</p>
<p>Since its launch, UBRI has cultivated strong connections between partners and created a global network for advancing and accelerating the field. For example, the partnership with the University of California, Berkeley has resulted in cross-departmental collaboration, as several schools within the University expanded relevant course-offerings, funded research projects and supported student-led activities and events, including an upcoming blockchain UI/UX hackathon. In 2018, the 600+ members of the University of Pennsylvania’s blockchain club benefitted from UBRI’s support as they conducted research and the school also expanded its course offerings.</p>
<p>This year, a number of UBRI partners will host and collaborate at workshops and conferences centered on topics including blockchain, cryptography, cybersecurity, and regulatory issues. At U.S.-based Duke University and Georgetown University, UBRI will support expanding curriculum and teaching, research and technical projects and collaboration across disciplines. Internationally, the University of Sao Paulo is receiving funding for a blockchain innovation program, which will serve as an interdisciplinary forum across its schools of engineering, law, mathematics and economics and business administration.</p>
<p>“In less than a year, our initial UBRI partners hit the ground running with the launch of new research projects, events, course offerings and more. Expanding the ecosystem to a more global, diversified network of UBRI partners will only continue to enrich these projects,” said Eric van Miltenburg, SVP of Global Operations at Ripple.</p>
<p>&#8220;We are excited by the momentum that the Ripple UBRI Partnership has fostered at Berkeley Haas and throughout UC Berkeley in the development of blockchain, digital payments and cryptocurrency-related research and innovation,&#8221; says Laura Tyson, Faculty Director at Berkeley Haas Blockchain Initiative. &#8220;In December, we awarded the first round of Ripple-funded faculty and student blockchain, digital payments and cryptocurrency-focused research grants. Also, we are sponsoring numerous student-led activities this semester, including partnering with Blockchain at Berkeley to host a blockchain/fintech industry Spring speaker series at Haas.&#8221;</p>
<p>For more information about Ripple’s University Blockchain Research Initiative and its partners, visit <a href="https://ubri.ripple.com">https://ubri.ripple.com</a>. Please also check out our monthly <a href="https://ripple.com/insights/on-campus-professor-cesare-fracassi-on-university-of-texas-austins-expanding-blockchain-initiative/">On Campus blog series</a> on Ripple Insights.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/university-blockchain-research-initiative-expands-global-footprint-with-11-new-partners/">University Blockchain Research Initiative Expands Global Footprint with 11 New Partners</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>The Ripple Drop – Episode 9</title>
		<link>https://ripple.com/insights/the-ripple-drop-episode-9/</link>
		<pubDate>Thu, 31 Jan 2019 22:33:36 +0000</pubDate>
		<dc:creator><![CDATA[Reinhard Cate]]></dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17648</guid>
		<description><![CDATA[<p>Welcome to episode nine of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. Kicking off the new year this month, our show features Chief Technology Officer David Schwartz, Co-Founder and CEO of InstaReM Prajit Nanu and Ripple’s Director of Talent Jim Chauncey-Kelly. First up, Schwartz &#8230; <a href="https://ripple.com/insights/the-ripple-drop-episode-9/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-9/">The Ripple Drop – Episode 9</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<div class="video-container"><iframe src="https://www.youtube.com/embed/NdsdjKTMaIM" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>Welcome to episode nine of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture.</p>
<p>Kicking off the new year this month, our show features <a href="https://ripple.com/company/leadership/#david">Chief Technology Officer David Schwartz</a>, <a href="https://www.linkedin.com/in/prajitnanu/">Co-Founder and CEO of InstaReM Prajit Nanu</a> and Ripple’s <a href="https://twitter.com/JChaunceyKelly">Director of Talent Jim Chauncey-Kelly</a>.</p>
<p>First up, Schwartz discusses the XRP Ledger and what he sees as the most important changes over the past year.</p>
<p>Next, Nanu talks about <a href="https://www.instarem.com/">InstaReM</a>’s use of <a href="https://ripple.com/ripplenet/">RippleNet</a> and how the network benefits both his company and his customers.</p>
<p>Finally, Chauncey-Kelly shares some key <a href="https://ripple.com/company/careers/all-jobs/">job openings</a> at Ripple&#8217;s offices around the world.</p>
<p>We’ll be sharing extended cuts of each of these segments in the coming weeks. We hope you enjoyed this episode, and let us know if there are any topics you’d like to see more of in the future.</p>
<p>If you haven’t already, catch up on previous episodes <a href="https://www.youtube.com/playlist?list=PLl-QsmXvjodqrlcbMri1joAq7_FNCZoF1">here</a> and subscribe to Ripple’s <a href="http://www.youtube.com/c/ripplepay">YouTube Channel</a>!</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-9/">The Ripple Drop – Episode 9</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Q4 2018 XRP Markets Report</title>
		<link>https://ripple.com/insights/q4-2018-xrp-markets-report/</link>
		<pubDate>Thu, 24 Jan 2019 17:00:28 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17621</guid>
		<description><![CDATA[<p>Ripple sold $129.03 million worth of XRP in Q4 2018; $535.56 million for the full year 2018 Ripple Q4 sales accounted for 0.24% percent of global XRP volume Three billion XRP released out of cryptographic escrow, 2.4 billion returned to escrow Average daily XRP volume ($585.7M) was the highest since Q1 2018 XRP is now &#8230; <a href="https://ripple.com/insights/q4-2018-xrp-markets-report/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q4-2018-xrp-markets-report/">Q4 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><strong>Ripple sold $129.03 million worth of XRP in Q4 2018; $535.56 million for the full year 2018</strong></p>
<ul>
<li>Ripple Q4 sales accounted for 0.24% percent of global XRP volume</li>
<li>Three billion XRP released out of cryptographic escrow, 2.4 billion returned to escrow</li>
<li>Average daily XRP volume ($585.7M) was the highest since Q1 2018</li>
<li>XRP is now listed on over 100 exchanges worldwide</li>
</ul>
<p>&nbsp;</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/source4.png"><img class="aligncenter size-large wp-image-17635" src="https://cdn.ripple.com/wp-content/uploads/2014/10/source4-1024x605.png" alt="" width="1024" height="605" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/source4-1024x605.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/source4-300x177.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/source4-768x454.png 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/source4.png 1466w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p><strong>RIPPLE’S XRP SALES</strong></p>
<p>In Q4 2018, Ripple sold $88.88 million worth of XRP, programmatically. This represented 0.16 percent, or 16.2 basis points of the total XRP volume traded globally in the fourth quarter.</p>
<p>In addition, XRP II, LLC — a Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $40.15 million worth of XRP in institutional direct sales.</p>
<p>In total, the company sold $129.03 million worth of XRP in Q4. In 2018 overall, the company sold $535.56 million worth of XRP.</p>
<p><strong>Q4 ESCROW ACTIVITY</strong></p>
<p>In Q4 2018, three billion XRP was again released out of <a href="https://ripple.com/dev-blog/explanation-ripples-xrp-escrow/">escrow</a> (one billion each month). 2.4 billion XRP was returned and subsequently put into new escrow contracts. The remaining 600 million XRP not returned to escrow is being used in a variety of ways to help support the XRP ecosystem, including the <a href="https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/">RippleNet Accelerator Program</a> and Xpring investments like <a href="https://techcrunch.com/2018/11/26/securitize-raises-12-75-million-digital-security-offering/">Securitize</a>.</p>
<p><strong>XRP COMMENTARY</strong></p>
<p><strong>Volatility and Volume</strong></p>
<p>In Q4, we saw an overall settling of XRP volatility compared to quarters’ past. XRP’s volatility of daily returns was 5 percent &#8211; the lowest quarterly average since Q4 2016. Conversely, we saw the average daily volume for XRP increase substantially. The average XRP daily volume was $595.7M &#8211; the highest quarterly average since Q1 2018.</p>
<p>In addition, towards the latter part of Q4, XRP&#8217;s correlation with top digital assets returned to the elevated levels seen through the end of Q1 2018 through early Q3 2018.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/1Q4XRPMarkets2018.jpg"><img class="aligncenter size-large wp-image-17561" src="https://cdn.ripple.com/wp-content/uploads/2014/10/1Q4XRPMarkets2018-1024x576.jpg" alt="" width="1024" height="576" /></a></p>
<p><strong>New Exchanges</strong></p>
<p>There were over 30 new exchanges that listed XRP in Q4. With these additions, there are now over 100 exchanges worldwide that list XRP.</p>
<p>There were also nine exchanges that listed XRP as a base pair against at least one other digital asset. Binance, the world’s largest digital asset exchange, <a href="https://twitter.com/cz_binance/status/1077065340473864192">listed XRP as a base against both TRON (TRX) and Zcoin (XZC)</a>.</p>
<p><strong>xRapid</strong></p>
<p>In early October, Ripple’s product xRapid &#8211; which uses <a href="https://ripple.com/ripplenet/on-demand-liquidity/">XRP for on-demand liquidity</a> &#8211; became commercially available. MercuryFX, Cuallix and <a href="http://www.catalystcorp.org/">Catalyst Corporate Federal Credit Union</a> were the first to sign on. Catalyst Corporate Federal Credit Union, a wholesale cooperative financial institution that serves more than 1,400 member and client credit unions throughout the United States, will use xRapid on behalf of their members to create a new cross-border payment service.</p>
<p><strong>MARKET COMMENTARY</strong></p>
<p><strong>Stablecoins</strong></p>
<p>The quarter brought increased media attention to stablecoins &#8211; digital assets that are pegged to fiat currencies such as the United States dollar. The biggest stablecoin news of the quarter came when <a href="https://www.bloomberg.com/news/articles/2018-12-18/crypto-mystery-clues-suggest-tether-has-the-billions-it-promised">Bloomberg reported</a> that Tether &#8211; a widely used stablecoin &#8211; was potentially solvent. Before the report was issued, many in the blockchain space were concerned that Tether did not have a dollar backing every Tether issued. The report has tempered those fears for the time being.</p>
<p>We also saw Basis &#8211; a highly touted stablecoin &#8211; shut down due to regulatory concerns and is returning a vast majority of the $133 million raised from investors.</p>
<p>In other relevant news, Coinbase announced plans to <a href="https://blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237">enable its users to hold USDC in their Coinbase wallet</a>, and Facebook <a href="https://www.bloomberg.com/news/articles/2018-12-21/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers">was rumored</a> to be exploring a stablecoin for payments in WhatsApp.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/StableCoin.png"><img class="aligncenter size-large wp-image-17567" src="https://cdn.ripple.com/wp-content/uploads/2014/10/StableCoin-1024x388.png" alt="" width="1024" height="388" /></a></p>
<p>While stablecoins are an interesting technology and worth exploring, the industry should be cautious about coins backed by a single entity, as compared to decentralized digital assets. Stablecoins can introduce counterparty risk and trust back into the system and have the potential to undermine the entire thesis behind blockchains and digital assets.</p>
<p><strong>Crypto Crackdown &amp; Maturation</strong></p>
<p>The market continued to mature in Q4. First, we saw an increase in enforcement actions against questionable crypto projects, including ICOs. By weeding out these projects, the market will naturally contract as legitimate projects thrive and experiments or scams disappear.</p>
<p>In addition, we saw reputable financial institutions both in the U.S. and abroad continue to push ahead with their digital asset or blockchain plans.</p>
<p><strong>Here are a few highlights:</strong></p>
<p><em>Notable Enforcement Actions in Q4</em></p>
<ul>
<li><em><strong>Bloomberg</strong></em>: <a href="https://www.bloomberg.com/news/articles/2018-11-08/crypto-exchange-founder-fined-in-sec-s-first-registration-case">Crypto Exchange Founder Fined in First SEC Registration Case</a></li>
<li><em><strong>CNBC</strong></em>:<a href="https://www.cnbc.com/2018/11/16/in-crackdown-of-crypto-sec-goes-after-unregistered-coin-offerings.html"> In bigger crackdown of crypto abuses, SEC goes after unregistered coin offerings</a></li>
</ul>
<p><em>Institutional Interest in Q4</em></p>
<ul>
<li>OTC desks continue to grow as volume moves to institutions
<ul>
<li><em><strong>Bloomberg</strong></em>: <a href="https://www.bloomberg.com/news/articles/2018-10-01/institutional-investors-are-using-back-door-for-crypto-purchases">Institutional Investors Are Using Back Door for Crypto Buys</a></li>
</ul>
</li>
<li>First crypto ETF listed on Swiss Exchange
<ul>
<li><em><strong>Coin Telegraph</strong></em>: <a href="https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-the-worlds-first-crypto-etp-amidst-market-collapse">Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse</a></li>
</ul>
</li>
<li>Increasing number of institutional custody solutions
<ul>
<li><em><strong>Coindesk</strong></em>: <a href="https://www.coindesk.com/coinbase-approved-to-offer-crypto-custody-services-in-new-york">Coinbase Approved to Offer Crypto Custody Services</a></li>
</ul>
</li>
<li>Large entrants in crypto space starting to look beyond just BTC and ETH
<ul>
<li><em><strong>Coindesk</strong></em>: <a href="https://www.coindesk.com/fidelity-looking-to-expand-digital-asset-trading-beyond-bitcoin-and-ether">Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether</a></li>
</ul>
</li>
</ul>
<p>If you are interested in viewing the Q3 XRP Markets Report, you can find it <a href="https://ripple.com/insights/q3-2018-xrp-markets-report/">here</a>.</p>
<p><em><strong>Note: An earlier version of this post included a table that stated Q2 this was an error the data was for Q4.</strong></em></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q4-2018-xrp-markets-report/">Q4 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>A Global Look at the Future of Blockchain and Fintech Innovation</title>
		<link>https://ripple.com/insights/a-global-look-at-the-future-of-blockchain-and-fintech-innovation/</link>
		<pubDate>Thu, 17 Jan 2019 20:01:44 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17583</guid>
		<description><![CDATA[<p>What does the future hold for fintech innovation overall and blockchain in particular? That question was posed to a panel of visionary leaders assembled from around the globe by Ripple’s SVP of Business &#38; Corporate Development Kahina Van Dyke at Swell 2018 last fall. As we step into 2019, it’s helpful to revisit their thoughts &#8230; <a href="https://ripple.com/insights/a-global-look-at-the-future-of-blockchain-and-fintech-innovation/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/a-global-look-at-the-future-of-blockchain-and-fintech-innovation/">A Global Look at the Future of Blockchain and Fintech Innovation</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098675353_5.jpg"><img class="aligncenter size-large wp-image-17584" src="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098675353_5-1024x682.jpg" alt="" width="1024" height="682" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098675353_5-1024x682.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098675353_5-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098675353_5-768x512.jpg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098675353_5.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>What does the future hold for fintech innovation overall and blockchain in particular? That question was posed to a panel of visionary leaders assembled from around the globe by Ripple’s SVP of Business &amp; Corporate Development Kahina Van Dyke at Swell 2018 last fall.</p>
<p>As we step into 2019, it’s helpful to revisit their thoughts on the role of regulators, the real-world applications for blockchain underway in Africa, how to drive innovation from within large financial incumbents, and other meaningful changes already underway around the globe this year.</p>
<p><strong>Importance of fintech in Africa</strong></p>
<p>Tokunboh Ishmael, Chairwoman at African Venture Capital Association and Managing Director, Director and Founder of Alitheia Capital, helped jumpstart the conversation with her thoughts on fintech in Africa. As a financial service and digital computing veteran that now manages fintech investments from her offices in Lagos, Nigeria, she has had a front row seat to the evolution of fintech on the continent.</p>
<p>When she began investing in fintech more than 10 years ago, she said research showed 70% of the Nigerian population was excluded from the banking system. Like much of Africa, Nigerians operated on a cash basis because banks and retail institutions had become complacent serving the 1% of the population with money.</p>
<p>But as fintech activity and investment increased, there has been a marked shift in the country. Emerging fintechs have made it possible for Nigerians to use digital services instead of cash for payment and other basic functions. At the same time, these upstarts have spurred the incumbents to re-evaluate their business models and begin serving a wider swath of the population.</p>
<p>One of Ishmael’s favorite examples is a company called Paga that had 2,000 clients when she initially invested. Now, ten years later, they have nine million customers—a level nearly on par with Nigeria’s largest bank that is 100-years-old and serves 10-12 million people.</p>
<p>As a result of this success story and others, new research shows that the number of unbanked Nigerians has shrunk from 70% to 45% of the population.</p>
<p><strong>Fintech environment in Europe</strong></p>
<p>While the number of underbanked customers might be less in Europe, the continent is seeing similar levels of disruption and innovation. Ben Brabyn is Head of Level39, a fintech and cybersecurity community in London that numbers more than 200 companies and is charged with elevating both these disruptors and awareness for the technologies at large.</p>
<p>Brabyn attributes much of Level39’s success to the unique nature of London. As a city, he said it blends the tech environment of San Francisco, the creative community of Los Angeles, and the banking chops of New York with the political and regulatory activity of Washington D.C.</p>
<p>This has led to a thriving community of disruptors with deep roots in adjacent areas of expertise. The resulting level of cooperation has made for what Brabyn thinks are distinctive gains in innovation.</p>
<p><strong>How to foster innovation at incumbent banks</strong></p>
<p>Amy Radin is the former Chief Innovation Officer at Citi, E-Trade and a number of other leading financial brands, and the author of The Change Maker’s Playbook, a book profiling change agents in business.</p>
<p>When asked by Van Dyke (a former colleague) how incumbent banks can innovate from within, Radin wryly observed it’s been ten years since the collapse of Lehman Brothers and the onset of the financial crisis. She was laid off then because at the time banks associated the idea of innovation with the creation of toxic assets that contributed to the collapse.</p>
<p>As a result, the last ten years have been challenging for the big banks. Focused on reducing expenses and managing compliance, she says they took their eye off the innovation ball and now have to play catch up.</p>
<p>She pointed to the example of Citi, which downsized from 375,000 people at the time of her dismissal to a little over 200,000 now. That reduction eliminated a vast amount of institutional memory and created an outflow of talent to other companies and upstarts.</p>
<p>Radin says that over the last five years, these same banks have now become more attuned to innovation and opportunities. Specifically, she has seen investments in the omni-channel experience, AI, robo-advisors, blockchain and mobile.</p>
<p>But these banks still need help connecting user needs with business drivers. Even for fintechs she said it’s a lot of the old business models—lending, deposits—just with a “fresh coat of paint.” There is a need for new ideas and approaches like Ripple.</p>
<p>Radin warned the audience not to write off incumbents because just as startups don’t “own the market on innovation”—neither do incumbents “own the market on bureaucracy.”</p>
<p>She did later agree that big companies have a predilection towards inertia, even joking that many banks pay lots of people to stop people like her. For these big companies, the reinvention of the how often becomes more important than having a brilliant idea. In her words, they want to “engineer for predictability when you’re doing something that is highly unpredictable.”</p>
<p><strong>Role of regulators and impact</strong></p>
<p>As the panelists discussed the changing nature of regulators in relation to fintech, it became apparent that Europe and other parts of the world have a much more collaborative regulatory environment than the United States.</p>
<p>Ishmael praised regulators in Nigeria for being forward thinking and helping bring fintechs and incumbents together to create “win-win” scenarios. Brabyn even went so far as to describe the UK’s Financial Conduct Authority as the “superhero of fintech” for its support of innovation. Interestingly, he pointed to an emerging European appetite to be known as a regulatory superpower that exports standards around the world.</p>
<p>When asked by an audience member whether it was better to have this supportive bench of regulators or something more conservative as in the U.S., the panel replied that both are desirable to create balance.  While Brabyn pointed out that tougher regulations do not deprive us of innovation, Ishmael said they can even instill a needed level of discipline.</p>
<p><strong>Applications for blockchain and prospects for fintech</strong></p>
<p>Van Dyke returned the panel to the topic of blockchain and asked each their thoughts on potential applications for the technology. Ishmael was passionate about its use in Africa, saying it’s not a “nice to have” but rather an essential technology for solving access.</p>
<p>She went further, explaining its key areas of application will be in digital identity and payments. For a continent that lacks an established identification system (think social security in the U.S.), blockchain can be transformative. By solving for identity, it can have follow-on impact and applications in areas like healthcare and education.</p>
<p>For payments, Ishmael pointed to regional, cross border transactions. Today, those require expensive exchanges into dollars, a costly process that stifles economic growth. Technologies like Ripple can enable growth in faster, easier regional commerce. Blockchain can also ensure the integrity of records and transactions that occur at handoff points between banks and rural transfer agents where locals deal in cash.</p>
<p>Radin supported the potential for blockchain on a larger, enterprise scale. She sees “cause for optimism” in the growing quorum of smart people that view potential in the technology and are experimenting with real use cases. Radin says that while it will be messy, “there will be breakthroughs.” She’s so bullish, that she says as an early stage investor she feels she should have more money in play because there is going to be a lot of value created.</p>
<p><strong>Prospects for fintech innovation</strong></p>
<p>Brabyn reinforced this tone of optimism but also sounded a note of caution. He is excited about what the future holds for fintech innovation, but is concerned that populism and a growing backlash against technology in general could be red flags. He said as an industry we must make the case for value in order to earn a license to operate. Without it, he’s worried we might find the ability to innovate curtailed.</p>
<p>Ishmael closed on an up-note though. She believes that the time for distributed ledger technology is now because we have finally become adept at explaining it and finding use cases. In five years, she thinks it’ll be integral to everything we do.</p>
<p>In the example of Africa, she forecast that what is known as the “Last Billion” will leapfrog the rest of the world and demonstrate how to best use these technologies.</p>
<p><em><strong>Watch the full panel here:</strong></em></p>
<div class="video-container"><iframe width="560" height="315" src="https://www.youtube.com/embed/vhLIo_02H94" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></div>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/a-global-look-at-the-future-of-blockchain-and-fintech-innovation/">A Global Look at the Future of Blockchain and Fintech Innovation</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>RippleNet Surpasses 200 Customers Worldwide</title>
		<link>https://ripple.com/insights/ripplenet-surpasses-200-customers-worldwide/</link>
		<pubDate>Tue, 08 Jan 2019 15:01:35 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17562</guid>
		<description><![CDATA[<p>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 &#8230; <a href="https://ripple.com/insights/ripplenet-surpasses-200-customers-worldwide/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-surpasses-200-customers-worldwide/">RippleNet Surpasses 200 Customers Worldwide</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_551278429.jpg"><img class="aligncenter size-full wp-image-17564" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_551278429.jpg" alt="" width="1000" height="563" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_551278429.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_551278429-300x169.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_551278429-768x432.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>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 <a href="https://www.euroeximbank.com/">Euro Exim Bank</a>, <a href="https://www.sendfriend.io/">SendFriend</a>, <a href="https://jn-fx.com/">JNFX</a>, <a href="https://www.ftcs.se/">FTCS</a>, <a href="https://abk.eahli.com/abk/Default.aspx">Ahli Bank of Kuwait</a>, <a href="https://transpaygo.com/">Transpaygo</a>, <a href="https://www.bfc.com.bh/">BFC Bahrain</a>, <a href="https://www.connectpay.com/">ConnectPay</a>, <a href="https://gmtonline.co.il/en/partner/ripple/">GMT</a>, <a href="https://worldcomfinance.com/">WorldCom Finance</a>, <a href="https://www.olympiatrust.com/">Olympia Trust Company</a>, <a href="https://www.pontualmt.com/">Pontual</a>/<a href="https://www.usend.com/index.cfm?MDdZLiw2JTk0VihaKUg0WjYiMSgsRjAgIAo=">USEND</a> and <a href="https://www.rendimento.com.br/en/">Rendimento</a>. With these additions, there are now more than 200 customers signed up for RippleNet.</p>
<p>JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank will leverage the digital asset XRP to source liquidity on-demand when sending payments on behalf of their customers. Using <a href="https://ripple.com/ripplenet/on-demand-liquidity/">XRP for liquidity</a> when sending a cross-border payment helps financial institutions avoid the hassle of pre-funding accounts in destination currencies. It allows them to make faster, lower cost payments than they can through the traditional correspondent banking system.</p>
<p>For the financial institutions on RippleNet not currently using XRP for liquidity but interested in immediate settlement—such as CIMB or Olympia Trust Company—they are able to leverage Ripple’s technology and modern APIs for faster, lower cost and more transparent payments.</p>
<ul>
<li>Kaushik Punjani, Director, Euro Exim Bank: “As a leader in trade finance solutions for global corporates and fintechs, we are uniquely placed to offer new payment channels and ways to source liquidity. Our customers—whether big corporates or individual remitters—have historically been restricted from obtaining suitable funds or settling transactions in a cost efficient and timely manner. Working collaboratively with Ripple and selected counterparts, we have designed, tested and are implementing both xCurrent and xRapid in record time, and we look forward to the benefits these will bring our customers.”</li>
<li>David Lighton, Founder, SendFriend: “The existing correspondent banking system is slow, inefficient and costly. SendFriend was founded at MIT with the belief that there must be a better way to send payments. We are excited to partner with Ripple to do just that. Through our partnership, we are bringing our customers a next-generation, blockchain payment solution that leverages XRP to address many of the efficiency and equity problems with existing remittances. For them, that means cheaper and faster payments.”</li>
<li>Ashay Mervyn, Head of Emerging Markets, JNFX: “Payments between countries are beset with inefficiencies—inefficiencies around cost, inefficiencies around speed and inefficiencies around transparency. RippleNet is specifically geared to address these problems. For our customers who range from the largest conglomerates in Africa (with operations and commitments in over 40 countries) to individuals in villages in rural Nigeria, our decision to join RippleNet and utilize their payment solution—including XRP for on-demand liquidity—just makes sense.&#8221;</li>
</ul>
<p>“In 2018, nearly 100 financial institutions joined RippleNet, and we’re now signing two—sometimes three—new customers per week. We also saw a 350 percent increase last year in customers sending live payments, and we’re beginning to see more customers flip the switch and leverage XRP for on-demand liquidity,” said Brad Garlinghouse, CEO of Ripple. “At the end of the day, our goal is to make sure our customers can provide excellent, efficient cross-border payments experiences for their customers, wherever they are in the world.”</p>
<p>RippleNet currently operates in over 40 countries across six continents. If you are interested in learning more, please visit us <a href="https://ripple.com/ripplenet/join-the-network">here</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-surpasses-200-customers-worldwide/">RippleNet Surpasses 200 Customers Worldwide</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>The Ripple Drop – Episode 8</title>
		<link>https://ripple.com/insights/the-ripple-drop-episode-8/</link>
		<pubDate>Wed, 26 Dec 2018 15:57:56 +0000</pubDate>
		<dc:creator><![CDATA[Reinhard Cate]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17554</guid>
		<description><![CDATA[<p>Welcome to episode eight of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. This month we’re taking a look back at 2018 in a special holiday episode featuring SVP of Customer Success Marcus Treacher and SVP of Product Asheesh Birla. First up, Treacher shares &#8230; <a href="https://ripple.com/insights/the-ripple-drop-episode-8/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-8/">The Ripple Drop – Episode 8</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<div class="video-container"><iframe src="https://www.youtube.com/embed/WCN7NWEs0Ro" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>Welcome to episode eight of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture.</p>
<p>This month we’re taking a look back at 2018 in a special holiday episode featuring <a href="https://ripple.com/company/leadership/#marcus">SVP of Customer Success Marcus Treacher</a> and <a href="https://ripple.com/company/leadership/#asheesh">SVP of Product Asheesh Birla</a>.</p>
<p>First up, Treacher shares his views on the key milestones RippleNet had this year, including new customers, corridors and applications built with Ripple’s technology.</p>
<p>Then, Birla talks about Ripple products and specifically xRapid moving into production this year. He’ll also discuss what&#8217;s next for payments on RippleNet that use the digital asset <a href="https://ripple.com/xrp/">XRP</a>.</p>
<p>We’ll be sharing extended cuts of each of these segments shortly. We hope you enjoyed this episode, and let us know if there are any topics you’d like to see more of in the future.</p>
<p>If you haven’t already, catch up on previous episodes <a href="https://www.youtube.com/playlist?list=PLl-QsmXvjodqrlcbMri1joAq7_FNCZoF1">here</a> and subscribe to Ripple’s <a href="http://www.youtube.com/c/ripplepay">YouTube Channel</a>!</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-8/">The Ripple Drop – Episode 8</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ask Me Anything with Brad Garlinghouse and Monica Long</title>
		<link>https://ripple.com/insights/ask-me-anything-with-brad-garlinghouse-and-monica-long/</link>
		<pubDate>Tue, 18 Dec 2018 19:02:50 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17516</guid>
		<description><![CDATA[<p>Stay tuned for the live stream of CEO Brad Garlinghouse in conversation with SVP of Marketing Monica Long today, Tuesday, December 18, at 2:30pm (PT).</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-me-anything-with-brad-garlinghouse-and-monica-long/">Ask Me Anything with Brad Garlinghouse and Monica Long</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<div class="video-container"><iframe src="https://www.youtube.com/embed/pF1yixhyMfY" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>Stay tuned for the live stream of CEO Brad Garlinghouse in conversation with SVP of Marketing Monica Long today, Tuesday, December 18, at 2:30pm (PT).</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-me-anything-with-brad-garlinghouse-and-monica-long/">Ask Me Anything with Brad Garlinghouse and Monica Long</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Coinone Transfer Offers South Korea’s First Blockchain-Powered Remittance Service</title>
		<link>https://ripple.com/insights/coinone-transfer-offers-south-koreas-first-blockchain-powered-remittance-service/</link>
		<pubDate>Tue, 11 Dec 2018 03:15:58 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17494</guid>
		<description><![CDATA[<p>This month Coinone Transfer, a payments business and a subsidiary of Coinone, introduced South Korea’s first blockchain-powered remittance mobile app and web service called Cross — offering faster, lower cost payments to Thailand and the Philippines. Unlike other remittance options in South Korea, Cross does not rely on traditional banking rails. Rather, it provides a &#8230; <a href="https://ripple.com/insights/coinone-transfer-offers-south-koreas-first-blockchain-powered-remittance-service/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/coinone-transfer-offers-south-koreas-first-blockchain-powered-remittance-service/">Coinone Transfer Offers South Korea’s First Blockchain-Powered Remittance Service</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/coinone-02-1024x576.jpg"><img class="aligncenter size-large wp-image-17496" src="https://cdn.ripple.com/wp-content/uploads/2014/10/coinone-02-1024x576.jpg" alt="" width="1024" height="576" /></a></p>
<p>This month Coinone Transfer, a payments business and a subsidiary of Coinone, introduced South Korea’s first blockchain-powered remittance mobile app and web service called <a href="https://crossenf.com/">Cross</a> — offering faster, lower cost payments to Thailand and the Philippines.</p>
<p>Unlike other remittance options in South Korea, Cross does not rely on traditional banking rails. Rather, it provides a safe alternative for those with or without a bank account, and the increased payment transparency and reliability inherent to Ripple’s advanced blockchain technology.</p>
<p>With plans to aggressively expand across the region over the coming months, Coinone Transfer quickly rolled out the service through new financial institutions using RippleNet — connections formed with Siam Commercial Bank (SCB) in Thailand and Cebuana Lhuillier in the Philippines.</p>
<p>Coinone Transfer’s partnership with SCB also will soon offer Cross customers a direct link to PromptPay, which enables any recipient with a bank account in Thailand to receive a payment directly and instantly.</p>
<p><strong>Growing Demand in the South Korean Market</strong></p>
<p>With an estimated <a href="http://news.chosun.com/site/data/html_dir/2015/08/28/2015082800276.html?Dep0=twitter&amp;d=2015082800276">two million immigrant workers living in South Korea</a> — more than <a href="http://www.moj.go.kr/doc_html/viewer/skin/doc.html?fn=82b1c994fb7b0a79aacb531ff4ff397f&amp;rs=/doc_html/viewer/result/201806/">3.4% of the overall population</a> — the need for improved remittance services like Cross has never been greater.</p>
<p>According to a <a href="http://www.immigration.go.kr/doc_html/viewer/skin/doc.html?fn=1bb0551c98af500ae76119d0eb5fd845&amp;rs=/doc_html/viewer/result/201807/">2017 government report</a>, Thai immigrant workers number more than 153,000 and are the third-largest immigrant population in the country. The Filipino immigrant population is not far behind with approximately 58,000 people working in South Korea today.</p>
<p>Not surprisingly, the rate of remittances into and out of the country is skyrocketing &#8212; with the World Bank estimating approximately <a href="http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data">$17 billion in remittance</a> last year alone.</p>
<p><strong>Addressing Real Customer Pain Points</strong></p>
<p>In the past, remittance options in South Korea were limited. For those sending smaller sums of money overseas, the cost of sending a payment was often too high to justify. Tracing payment history was extremely complex &#8212; customers didn’t know the exact date or time for the delivery of the funds nor were they able to cancel a payment request once it was in progress.</p>
<p>In July 2017, the South Korean government began offering Global Remittance Licenses to non-bank businesses operating remittance services in the country. This combined with the introduction of the new Cross service finally provides these customers with a better way to send money abroad &#8212; options that are less costly, faster and more reliable than traditional options.</p>
<p>One of the primary benefits of RippleNet is that it enables banks and payment providers to join together and provide a better experience for all their end users.</p>
<p><strong>Helping Solve A Global Problem</strong></p>
<p>Friction in global payments is felt universally — from people who want to send money to loved ones but face high costs and slow times, to growing businesses that need to send payments internationally in order scale.</p>
<p>This is particularly true in countries across the Association of South Eastern Asian Nations (ASEAN) region that lack a reliable and comprehensive network of correspondent banks, and therefore, face extreme inefficiencies and costs for cross-border payments.</p>
<p>In the past year, RippleNet  has helped enable a multitude of new services aimed at addressing this problem, including a new <a href="https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature">“multi-hop” feature on RippleNet pioneered by SCB</a>, access to <a href="https://ripple.com/insights/how-payments-improved-instarem-and-beetechs-customer-experience/">Latam and Europe for InstaReM’s remittance customers across the region</a> and <a href="https://ripple.com/insights/the-power-of-instant-remittances-ripplenet-in-japan/">The Japan Bank Consortium’s MoneyTap mobile app</a>.</p>
<p>While the market opportunity for these industry innovators is huge, the value of services and technology they’re deploying is is even greater — it has the potential to change lives for millions of people working and living abroad in ASEAN.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/coinone-transfer-offers-south-koreas-first-blockchain-powered-remittance-service/">Coinone Transfer Offers South Korea’s First Blockchain-Powered Remittance Service</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>The Ripple Drop &#8211; Episode 7</title>
		<link>https://ripple.com/insights/the-ripple-drop-episode-7/</link>
		<pubDate>Fri, 30 Nov 2018 17:12:49 +0000</pubDate>
		<dc:creator><![CDATA[Reinhard Cate]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17475</guid>
		<description><![CDATA[<p>Welcome to episode seven of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. In this episode, we’re taking the show out of the building with a visit to OMNI’s headquarters to talk to the company’s Founder and CEO Thomas McLeod. McLeod gives us the &#8230; <a href="https://ripple.com/insights/the-ripple-drop-episode-7/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-7/">The Ripple Drop &#8211; Episode 7</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<p>Welcome to episode seven of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture.</p>
<p>In this episode, we’re taking the show out of the building with a visit to <a href="https://www.beomni.com/">OMNI</a>’s headquarters to talk to the company’s Founder and CEO <a href="https://twitter.com/tmcleod3">Thomas McLeod</a>. McLeod gives us the rundown on OMNI’s vision and how he and his team have integrated the digital asset <a href="https://ripple.com/xrp/">XRP</a> onto their platform.</p>
<p>Next up, we speak with SVP of Xpring <a href="https://twitter.com/ethanbeard">Ethan Beard</a> to learn more about the <a href="https://ripple.com/insights/welcome-to-xpring/">initiative</a>.  Beard discusses <a href="https://xpring.co/">Xpring</a>’s future plans to help support developers and businesses working on the XRP Ledger and Interledger Protocol.</p>
<p>Finally, Ripple’s Head of XRP Markets <a href="https://twitter.com/miguelvias">Miguel Vias</a> talks about how new use cases for the digital asset impact broader global liquidity of XRP.</p>
<p>We’ll be sharing extended cuts of each of these segments shortly. We hope you like this episode, and let us know if there are any topics you’d like to see more of in the future.</p>
<p>If you haven’t already, catch up on previous episodes <a href="https://www.youtube.com/playlist?list=PLl-QsmXvjodqrlcbMri1joAq7_FNCZoF1">here</a> and subscribe to Ripple’s <a href="http://www.youtube.com/c/ripplepay">YouTube Channel</a>!</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-7/">The Ripple Drop &#8211; Episode 7</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell 2018: How Blockchain Can Learn from eBay, the Original Digital Cross Border Payments Company</title>
		<link>https://ripple.com/insights/swell-2018-how-blockchain-can-learn-from-ebay-the-original-digital-cross-border-payments-company/</link>
		<pubDate>Wed, 21 Nov 2018 17:00:21 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17459</guid>
		<description><![CDATA[<p>Former eBay Chief Product Officer R. J. Pittman and Fortune Senior Writer and The Ledger Editor Robert Hackett took the stage at Swell in a session entitled The Future of Commerce. As part of that conversation, Pittman dissected some of eBay’s early learnings in tackling cross-border payments and how those might inform strategies for blockchain &#8230; <a href="https://ripple.com/insights/swell-2018-how-blockchain-can-learn-from-ebay-the-original-digital-cross-border-payments-company/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-how-blockchain-can-learn-from-ebay-the-original-digital-cross-border-payments-company/">Swell 2018: How Blockchain Can Learn from eBay, the Original Digital Cross Border Payments Company</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<div class="video-container"><iframe src="https://www.youtube.com/embed/02xPIWjnw2M" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>Former eBay Chief Product Officer R. J. Pittman and Fortune Senior Writer and The Ledger Editor Robert Hackett took the stage at Swell in a session entitled <a href="https://www.youtube.com/watch?v=02xPIWjnw2M&amp;list=PLl-QsmXvjodqqZU4gBDZBM3fAjUKV9gYN&amp;index=13&amp;t=0s">The Future of Commerce</a>. As part of that conversation, Pittman dissected some of eBay’s early learnings in tackling cross-border payments and how those might inform strategies for blockchain and digital asset companies.</p>
<p>Pittman rightly set the table by pointing out that eBay is one of the largest cross-border trade companies in the world. In fact, he shared that the very first transaction on eBay took place across borders – the sale of a laser pointer from the U.S. to Canada. Today, eBay spans 190 countries.</p>
<p>According to Pittman, that ability to access buyers and sellers in 190 countries is “one of the most compelling value propositions of eBay.” And the opportunity remains for eBay to make trading globally a largely seamless process.</p>
<p>But, prompted by Hackett about the impediments of cross-border payments, Pittman acknowledged the challenge is daunting and the hurdles to international payments laborious. That is why he feels there is still an opening to advance the global selling experience 2-3 steps further down the road.</p>
<p><strong>Small Changes Yield Big Results</strong></p>
<p>The potential impact of these experience improvements was a central theme of Pittman’s remarks. Recounting experiences at eBay and even earlier roles at Google, he repeatedly hammered home the point that making minor process improvements to remove friction can result in enormous positive downstream impact for a business. Examples included the larger resizing of the buy button at eBay or faster search results at Google. In both cases, small tweaks led to large revenue and business gains.</p>
<p>With such inherent friction in international payments today, there are a number of places to remove barriers and deliver improvements. Pittman reminded the Swell audience that the U.S. stands at only 10% of transactions occurring online, compared to China at 40% and the world overall at roughly 18%. His point being that when you consider process improvement in relation to the astounding marketplace growth potential, the benefits become very compelling.</p>
<p>He issued a challenge to the incumbents that given this inevitable growth, it was less important to be worried about losing nest eggs and more critical that they think about “widening the aperture” to take full advantage of the opportunity.</p>
<p>Of course, as you begin to approach maximum penetration for global ecommerce, Pittman noted, it will only exacerbate the massive payments-related pains we already experience today. To make his point, Pittman asked the audience rhetorically whether the industry has the proper payments infrastructure, cost models, and ability to scale in place.</p>
<p><strong>Blockchain to Address Challenges in Global Payments</strong></p>
<p>Asked by Hackett what role blockchain might have in addressing these challenges, Pittman again drew on his prior work experiences as examples. He views blockchain as a cousin of MapReduce, a technology employed by Google to break down complex computing tasks amongst distributed server farms and virtual servers to increase speed and accuracy. In his mind, blockchain employs a similar decentralized approach that can reduce the friction of payments to create higher speed and efficiency.</p>
<p>He also highlighted the Interledger Protocol (ILP) as the “TCP/IP of value” and its potential to enable the same growth and scale as that original web protocol.</p>
<p>These efforts to rethink the foundational challenges of payments allow solutions to emerge on specific business issues. Pittman pointed to the example of eBay and escrow as one problem in need of a solution. He called the complexity of who is holding the money in a transaction, when goods ship, and when payment settle “a big guessing game” that is one of the big taxes on the eBay call center. The implication being that blockchain and ILP can help settle those mysteries.</p>
<p>When Hackett raised the question of digital assets, Pittman was more measured in his thoughts. He stated that digital assets have a brand problem and expressed concern that the early focus on value and trading had led to “losing the plot before we even shoot the movie.” He suggested that companies might need to take a big step back and invest in communicating the value of digital assets and the role they can play in payments, commerce and banking before pursuing applications.</p>
<p>However, he did proclaim the use digital assets, like XRP, as a bridge currency as one of the first great use cases, calling it the “lubricant in the flywheel” of cross-border trade for companies like eBay.</p>
<p>At the close of this compelling conversation on the future of commerce, a question from the audience reminded everyone of the higher level opportunity for blockchain. When asked during the Q&amp;A how blockchain could lead to wider financial inclusion globally, Pittman answered by giving another nod to eBay.</p>
<p>He noted that eBay is committed to economic empowerment and the idea that “everyone in the world has something to sell.” While it’s hard today to create liquidity for one-click trading globally, especially for the unbanked, Pittman is hopeful that ILP and blockchain can make true point-to-point transactions and payments possible.</p>
<p>He closed saying the goal is to “make the technology so powerful that it simplifies access and engagement for everyone.” Today, he acknowledges we’re just scratching the surface but that our responsibility is to “get after it.”</p>
<p>To learn more about RippleNet, <a href="https://ripple.com/contact/#sales">contact us</a> directly, and watch additional Ripple customer stories in the <a href="https://www.youtube.com/c/Ripplepay">Swell 2018 video series</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-how-blockchain-can-learn-from-ebay-the-original-digital-cross-border-payments-company/">Swell 2018: How Blockchain Can Learn from eBay, the Original Digital Cross Border Payments Company</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell 2018: Siam Commercial Bank Seeks a Payments Vendor, Finds a Business Partner in Ripple</title>
		<link>https://ripple.com/insights/swell-2018-siam-commercial-bank-seeks-a-payments-vendor-finds-a-business-partner-in-ripple/</link>
		<pubDate>Thu, 15 Nov 2018 20:33:49 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17447</guid>
		<description><![CDATA[<p>How does a 111-year old bank go about reinventing itself? According to Siam Commercial Bank SEVP, Chief Technology Officer &#38; Head of Operations Colin Dinn, it’s about finding the right partner to help aggressively solve problems with an eye towards the future. Dinn took the stage at Swell to unpack how Siam Commercial Bank (SCB) &#8230; <a href="https://ripple.com/insights/swell-2018-siam-commercial-bank-seeks-a-payments-vendor-finds-a-business-partner-in-ripple/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-siam-commercial-bank-seeks-a-payments-vendor-finds-a-business-partner-in-ripple/">Swell 2018: Siam Commercial Bank Seeks a Payments Vendor, Finds a Business Partner in Ripple</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<p>How does a 111-year old bank go about reinventing itself? According to Siam Commercial Bank SEVP, Chief Technology Officer &amp; Head of Operations Colin Dinn, it’s about finding the right partner to help aggressively solve problems with an eye towards the future.</p>
<p>Dinn took the stage at Swell to unpack how Siam Commercial Bank (SCB) is working with Ripple, and the unexpected impact it has had on their business. He pointed out that the relationship is rooted in a transformation process that began two years ago to turn a formal, traditional bank into one that uses technology as a lever to explore new business and delivery models.</p>
<p>In his words, SCB “was a product-led bank” that focused on pushing product to customers. They now prioritize a heightened commitment to customer-centricity, meaning they give customers what they want versus what the bank needs to sell. This is in part driven by their realization that banks as they exist today will not be relevant five years from now. To survive and remain competitive, SCB needed to reinvent itself.</p>
<p>One of the most pressing customer pain points in the Association of South Eastern Asian Nations (ASEAN) region is remittances. Lacking a reliable and populated network of correspondent banks, the region faces abnormally high inefficiencies and costs for cross-border payments.</p>
<p>With its customers distributed around the region, Thailand-based SCB sought a way to make remittances faster, easier and more affordable. True to their new spirit of transformation and modernization, they looked for a partner with vision and a culture of experimentation that would aggressively collaborate with them. According to Dinn, SCB desired a partner that had “aggressive ambition” and could “push the envelope of what’s possible and then define one step beyond.”</p>
<p>The team found that partner in Ripple. SCB kicked off its collaboration to reimagine international payments with Ripple using a four-step approach:</p>
<p>1. Understand the technology – Before implementing the new technology, SCB needed to take a deep dive with Ripple to understand how it could best address the bank’s remittance challenge.</p>
<p>2. Design the business model – This involved scoping out how SCB would alter its approach and required design elements, briefing senior management and securing final approvals. Dinn shared that this was a longer, more rigorous step than the previous and was completed in roughly six months.</p>
<p>3. Prove the capability – In July, SCB launched its new retail product in <a href="https://ripple.com/insights/the-power-of-instant-remittances-ripplenet-in-japan/">partnership with SBI Remit</a> for the Japan-Thailand remittance corridor. Knowing this would require regulatory approval, SCB launched the product live in a sandbox with their regulator, the Central Bank of Thailand. With early success, SCB is now adding more retail partners and designing the criteria with the Central Bank that will enable it to move the product out of the sandbox.</p>
<p>4. Build a sustainable business – After demonstrating business value and future promise in the sandbox, the SCB team is building a framework around it to create a sustainable business unit. The focus for the team is how to build and scale this approach effectively.</p>
<p>This last step is where the value of Ripple was truly unlocked. The partnership with Ripple has shown SCB that there is a better way to operate in the region. Dinn said the bank is committed to growing the initial scope of work beyond just facilitating remittance payments back to Thailand into crafting a regional clearing mechanism for payments. SCB believes the opportunity exists to build an entire ecosystem around these technologies for the broader ASEAN region.</p>
<p>In one early expression of this growth, SCB announced in September that they will be the <a href="https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/">first to pioneer a key feature called “multi-hop.”</a> In a region without a mature and pervasive correspondent banking network, this capability allows SCB to act as a middle stop to facilitate international payments between two banks that do not share a direct correspondent relationship. It’s a compelling way to reduce frictions and costs in cross-border payments that also helps SCB grow their business and reach.</p>
<p>According to Dinn: “(SCB) did not have this in mind when we started…all we wanted to do was make international payments a lot easier.” He went on to say that with their shared ability to experiment, Ripple and SCB have identified a different way to do things, leading to this regional clearing partner strategy.</p>
<p>Dinn wrapped up by explaining that the partnership with Ripple “goes beyond supplier-buyer” relationships and is instead a partnership to create and build something different than one might initially expect. For others seeking a similar path, Dinn suggests beginning with the key questions: “What problem are we trying to solve, and how will we get there?”</p>
<p>To learn more about RippleNet, <a href="https://ripple.com/contact/#sales">contact us</a> directly, and watch additional Ripple customer stories in the <a href="https://www.youtube.com/c/Ripplepay">Swell 2018 video series</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-siam-commercial-bank-seeks-a-payments-vendor-finds-a-business-partner-in-ripple/">Swell 2018: Siam Commercial Bank Seeks a Payments Vendor, Finds a Business Partner in Ripple</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN</title>
		<link>https://ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean/</link>
		<pubDate>Thu, 15 Nov 2018 01:08:12 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17435</guid>
		<description><![CDATA[<p>CIMB Group (CIMB or the Group), ASEAN’s fifth largest bank, and Ripple have entered into a strategic collaboration to enable instant cross-border payments across CIMB’s markets. On the back of this partnership, CIMB will join RippleNet and connect with other Ripple customers — more than a hundred financial institutions worldwide — a move that will &#8230; <a href="https://ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean/">CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_292591610.jpg"><img class="aligncenter size-full wp-image-17437" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_292591610.jpg" alt="" width="1000" height="577" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_292591610.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_292591610-300x173.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_292591610-768x443.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p><a href="https://www.cimb.com/en/index.html">CIMB Group</a> (CIMB or the Group), ASEAN’s fifth largest bank, and Ripple have entered into a strategic collaboration to enable instant cross-border payments across CIMB’s markets. On the back of this partnership, CIMB will join <a href="https://ripple.com/ripplenet/">RippleNet</a> and connect with other Ripple customers — more than a hundred financial institutions worldwide — a move that will allow CIMB to more quickly grow its global payments business.</p>
<p>CIMB is one of the region’s first banks to leverage blockchain technology for speedy and cost-efficient international payments. In a region where these payments have historically been both slow and inefficient, bringing better services has never been more important.</p>
<p>The World Bank projects that this year alone <a href="https://www.worldbank.org/en/news/press-release/2018/04/23/record-high-remittances-to-low-and-middle-income-countries-in-2017">remittances to Southeast Asia will grow to $120 billion</a>. Additional data from The Boston Consulting Group (BCG) suggests that the size of global market for cross-border payments volume is $27 trillion, and another $20 trillion could be up for grabs between 2018-2026. Approximately 39% of this remittance market is centered in the ASEAN region.</p>
<p>Ripple’s blockchain-based solution has been deployed to enhance CIMB’s proprietary remittance product called <a href="https://www.cimbbank.com.kh/en/personal/banking-with-us/our-services/remittance/speed-send.html">SpeedSend</a>. This service allows customers to send and receive money with direct account crediting and instant cash collection. The enhancement improves their access to cross-border remittances across the globe — both inbound into ASEAN and outbound to other countries. It is already enabling remittances to corridors such as Australia, USA, UK and Hong Kong.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Photo-2-1.jpg"><img class="aligncenter size-large wp-image-17444" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Photo-2-1-1024x683.jpg" alt="" width="1024" height="683" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Photo-2-1-1024x683.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Photo-2-1-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Photo-2-1-768x512.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>“We are delighted to be part of RippleNet and look forward to a fruitful partnership with Ripple by leveraging each other’s strengths and capabilities. This innovative blockchain solution will revolutionize international cross-border remittances, and is a testament to CIMB’s ongoing efforts to enhance its digital banking proposition by providing speedy and cost-efficient solutions to our customers across ASEAN,” said Tengku Dato’ Sri Zafrul Aziz, CEO, CIMB Group.</p>
<p>As part of the overall partnership roadmap, CIMB intends to extend the solution to other use cases across the Group.</p>
<p>“We’re seeing banks and financial institutions from across the world lean into blockchain solutions because it enables a more transparent, quicker and lower cost payments experience,” said Brad Garlinghouse, Ripple CEO. “CIMB’s network already spans 15 countries, nearly 800 branches and offers Speedsend — one of the best solutions in the ASEAN region. Now, by integrating Ripple’s blockchain technology, they will enable their customers to send vital funds to family, friends and loved ones more efficiently. With its focus on innovation, CIMB will continue to be a dominant force in the region for years to come.”</p>
<p>For more information about Ripple or learn about how to join RippleNet, <a href="https://ripple.com/contact/#sales">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/cimb-group-joins-ripplenet-to-power-instant-payments-across-asean/">CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Blockchain and Digital Asset Use in ASEAN: CEO Brad Garlinghouse in Convo with IMF’s Ross Leckow at Singapore Fintech Festival</title>
		<link>https://ripple.com/insights/blockchain-and-digital-asset-use-in-asean-ceo-brad-garlinghouse-in-convo-with-imfs-ross-leckow-at-singapore-fintech-festival/</link>
		<pubDate>Tue, 13 Nov 2018 01:04:47 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

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		<description><![CDATA[<p>CEO Brad Garlinghouse sat down with IMF’s Deputy General Counsel Ross Leckow for a fireside chat on Monday afternoon at the Singapore Fintech Festival. They engaged in a far-reaching dialogue on the opportunities blockchain and digital asset technology presents for financial institutions in ASEAN, given the the region’s unique regulatory frameworks. Both affirmed that this &#8230; <a href="https://ripple.com/insights/blockchain-and-digital-asset-use-in-asean-ceo-brad-garlinghouse-in-convo-with-imfs-ross-leckow-at-singapore-fintech-festival/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/blockchain-and-digital-asset-use-in-asean-ceo-brad-garlinghouse-in-convo-with-imfs-ross-leckow-at-singapore-fintech-festival/">Blockchain and Digital Asset Use in ASEAN: CEO Brad Garlinghouse in Convo with IMF’s Ross Leckow at Singapore Fintech Festival</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/BradSingapore.jpg"><img class="aligncenter size-full wp-image-17429" src="https://cdn.ripple.com/wp-content/uploads/2014/10/BradSingapore.jpg" alt="" width="933" height="700" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/BradSingapore.jpg 933w, https://cdn.ripple.com/wp-content/uploads/2014/10/BradSingapore-300x225.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/BradSingapore-768x576.jpg 768w" sizes="(max-width: 933px) 100vw, 933px" /></a></p>
<p>CEO Brad Garlinghouse sat down with IMF’s Deputy General Counsel Ross Leckow for a fireside chat on Monday afternoon at the Singapore Fintech Festival. They engaged in a far-reaching dialogue on the opportunities blockchain and digital asset technology presents for financial institutions in ASEAN, given the the region’s unique regulatory frameworks. Both affirmed that this game-changing technology will change the world of global payments as we know it today. We’ve captured some key highlights from their conversation below.</p>
<p><strong>Questions and Answers</strong></p>
<p><strong>Garlinghouse:</strong> What does Fintech mean to the IMF? What’s the IFM’s interest in it?</p>
<p><strong>Leckow:</strong> The IMF is devoting a lot of attention to Fintech and blockchain. Blockchain technology must be discussed in the context of other technology trends, too, such as cloud computing, digital assets, APIs, mobile and more. Our member countries are looking for advice. They want to know how to approach and unlock benefits of Fintech while also putting together regulation to minimize the risks. In addition to publishing research, the IMF is engaging closely with private sector and industry.</p>
<p>Last year, we put in place a high-level advisory group of industry leaders from the public and private sector to help guide our work in Fintech. We are happy to have on this advisory board leaders like Chris Larsen, Executive Chairman of Ripple’s board of directors and former CEO and co-founder of Ripple, and Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore. We also launched, in conjunction with The World Bank, <a href="https://www.imf.org/en/News/Articles/2018/10/11/pr18388-the-bali-fintech-agenda">The Bali Fintech Agenda</a>, which is the first comprehensive framework of issues that countries need to think about when designing policy for Fintech.</p>
<p><strong>Leckow:</strong> From your perspective, what is going on in the private sector? What are the blockchain challenges and opportunities unique to the ASEAN market?</p>
<p><strong>Garlinghouse:</strong> Regulatory clarity has a huge ability to drive digital asset and blockchain adoption. It is surprising how many markets still have uncertainty. But, in ASEAN, the regulatory environment for blockchain and digital asset technology is clear.</p>
<p>Several countries have contributed to this, including Singapore, Thailand and the Philippines. In particular, <a href="https://ripple.com/insights/the-case-for-digital-asset-regulation-part-2-two-regulatory-approaches-driving-innovation-in-thailand-and-abu-dhabi/">Thailand has introduced a framework</a> that balances consumer protection with innovation. It legalizes several digital assets, including <a href="https://ripple.com/xrp/">XRP</a>, and provides clear and explicit guidelines for outside blockchain companies to operate.</p>
<p>This clear regulatory environment makes it easier to apply blockchain and digital asset technology to solve real-world business use cases, such as improving cross-border payments across the ASEAN region. The East Asian markets received $130 billion in inbound remittance payments last year alone. They are expensive, and the market is ripe for adoption of new technology, like blockchain, to drive costs dramatically lower.</p>
<p>In terms of challenges, it is true that historically the region has been behind by correspondent banking. Global banks are contracting some of their traditional correspondent relationships, and this is creating more friction in payments in ASEAN.</p>
<p>But some financial institutions are seeing this challenge as an opportunity. Nearly 50% of all of our global customers are based in the region, and our Singapore headquarters continues to be a growth engine for Ripple — expanding by 200% in the past year.</p>
<p><strong>Garlinghouse:</strong> As the regulatory expert, what are the characteristics of ASEAN that you think will either propel this region forward in regards to blockchain, or stifle its path?</p>
<p><strong>Leckow:</strong> When you discuss regulatory frameworks for blockchain and digital assets – globally, not just in ASEAN markets — the conversation is in an early stage and a lot more work needs to be done. Every country in this region also has very different needs. Some are further ahead than others in thinking through policy, and it’s not surprising that they’ve taken different regulatory approaches.</p>
<p>But, in the ASEAN region, there is general openness in embracing Fintech and allowing innovation to happen. Fintechs in this region are willing to engage with regulators and let them  understand the technology, services and products that they’re producing in the early stages of development. Regulatory sandboxes in Singapore, Malaysia, Thailand and Indonesia are examples of this.</p>
<p>Regulators have also been willing to work with the private sector in this region to put frameworks in place when they see a good example of how technology can help solve a real problem, to allow the use case to develop. Cross-border remittance is a good example of a use case that is very important here. Regulators here have demonstrated a willingness to engage with each other and others around the world — a type of cross-border cooperation has emerged that involves the right stakeholders and helps develop solutions to solve for problems like this.</p>
<p><strong>Leckow:</strong> It’s very apt that we are discussing the present and future of Fintech, and blockchain in Singapore. ASEAN, in particular, has leapfrogged much of the world in both innovation and thoughtful regulation of blockchain technologies. Brad, as you discussed earlier, cross-border payments in this region are a great use case for blockchain. Tell me more about why this is the case.</p>
<p><strong>Garlinghouse:</strong> We see a high degree of pain in cross-border payments in terms of how long it takes, how much it costs and the surprising lack of transparency in each transaction.</p>
<p>We see this in ASEAN, in particular, because this region has been left behind by the correspondent banking network. Banks like Siam Commercial Bank (SCB) are <a href="https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/">moving aggressively to address this need</a>, embracing digital asset and blockchain technology to solve these problems. SCB now serves as next-generation hub, a regional clearing partner on the network, to improve connectivity and coverage across these underserved areas. The bank is also able to make payments into the region faster with lower costs and greater transparency.</p>
<p>Blockchain and digital assets also solve for problems <a href="https://ripple.com/insights/unlocking-global-liquidity-bottlenecks-with-ripplenet/">sourcing liquidity</a> for cross-border payments. Today, approximately $10 trillion sits parked around the world in pre-funded accounts to enable these transfers. Ripple’s network leverages this powerful new technology to make cross-border exchanges work without the pre-funded accounts. By unlocking this capital, Ripple is helping to accelerate the global engine of commerce in a way that’s good for corporations and consumers throughout the region, and around the world.</p>
<p><strong>Garlinghouse:</strong>  I know that the IMF has had several big meetings lately. Have you discussed more about digital assets, and can you share what are the IMF’s views on these are?</p>
<p><strong>Leckow:</strong> The IMF takes a balanced view. Each country has to decide for themselves what type of regulatory framework is best. But generally speaking, they should be cognizant of risk but also the potential to make the global system more efficient, more inclusive with this new technology.</p>
<p>The international community has been doing a lot of work on creating a framework for the regulation of digital assets. The basic approach has been to impose on new service providers, like exchanges, the customer due diligence that banks conduct in cross-border payments. Now, the community is working together. Entity-based regulation is complemented by activity-based regulation. Banks and exchanges are now subject to the same regulation</p>
<p>Regulation should be proportionate to the risks so that it does not stifle innovation. International cooperation in regulation, what can be accomplished when countries work together, is critical to achieving this goal.</p>
<p><strong>Leckow:</strong> How will blockchain make a lasting impact on the global financial sector, and society more generally?</p>
<p><strong>Garlinghouse:</strong> The big picture we are trying to solve at a macro level is enabling an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> — a world where value moves like information does today. The introduction of the Internet in the ‘90s has driven data interoperability and catalyzed opportunity for global commerce. But value interoperability, the seamless exchange of money around the world, does not exist today. Close to 3 billion people are unbanked, and there is tremendous opportunity for us to bring them into the community, into the global economy. We must totally change the nature of how payments flow around the world. We must remove the friction and make the stream of value more instantaneous and reliable.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/blockchain-and-digital-asset-use-in-asean-ceo-brad-garlinghouse-in-convo-with-imfs-ross-leckow-at-singapore-fintech-festival/">Blockchain and Digital Asset Use in ASEAN: CEO Brad Garlinghouse in Convo with IMF’s Ross Leckow at Singapore Fintech Festival</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>The 800 Pound Gorilla: Digital Asset Adoption</title>
		<link>https://ripple.com/insights/the-800-pound-gorilla-digital-asset-adoption/</link>
		<pubDate>Wed, 07 Nov 2018 18:14:05 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

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		<description><![CDATA[<p>The adoption of digital assets by mainstream financial services was a critical topic at Swell 2018. The first ever Blockchain in Payments Report, released during the event, found that  banks and payment providers around the world are not only interested in using digital assets, they also understand the value of using them for the purposes &#8230; <a href="https://ripple.com/insights/the-800-pound-gorilla-digital-asset-adoption/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-800-pound-gorilla-digital-asset-adoption/">The 800 Pound Gorilla: Digital Asset Adoption</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<p>The adoption of digital assets by mainstream financial services was a critical topic at Swell 2018. The first ever <a href="https://ripple.com/blockchain-in-payments-report/">Blockchain in Payments Report</a>, released during the event, found that  banks and payment providers around the world are not only interested in using digital assets, they also understand the value of using them for the purposes of settlement. These findings were a catalyst for the on-stage discussion by four financial institutions helping to pioneer the <a href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">use of the digital asset XRP for cross-border payments</a> on RippleNet.</p>
<p>Moderated by <a href="https://www.remitr.com/">Remitr</a> CEO Kanchan Kumar, the “800 Pound Gorilla” session focused solely on providing answers about digital asset adoption from organizations already using them for cross-border payments.</p>
<p>The panel featured <a href="https://bittrex.com/">Bittrex</a>’s Head of Business Development Kwon Park, <a href="https://www.idt.net/">IDT</a>’s SVP of Payment Services Alfredo O’Hagan, CFO of <a href="http://www.cuallix.com/en/">Cuallix</a> Nicholas Palacios and Brad Ganey the SVP and COO of <a href="http://www.catalystcorp.org/">Catalyst Corporate Federal Credit Union</a>.</p>
<p><strong>Using digital assets in cross-border payments</strong></p>
<p>Kumar began by outlining the potential impact broad digital asset adoption could have on the cross-border payments industry. He referenced an estimated $10 trillion dollars “sitting idle” in pre-funded accounts all around the world today. He linked this figure to “the importance of digital assets” before asking the panelists what value they saw in digital asset adoption more broadly.</p>
<p>Palacios responded first by saying that his company’s use of digital assets for payments came with a customer-focused goal in mind. He said that for his company, Cuallix, the focus was on “cost efficiency, time efficiency, transparency and giving our clients the best product we have.”</p>
<p>O’Hagan explained that like the other institutions on the panel, IDT started doing cross-border payments using the traditional infrastructure. The company started experimenting with digital assets two years ago, he explained, first settling payments to Mexico and Nigeria with Bitcoin. O’Hagan shared that when they started testing xRapid, it was clear that XRP’s speed and low cost transactions made it perfect for cross-border payments.</p>
<p>“In our business, speed equals reliability. That’s the expectation with the customer,” O’Hagan continued. “And the average speed of a transaction end-to-end was about a minute and fifty three seconds — from the moment of execution in the United States to the moment it arrived in a bank account in Mexico. That’s really just incredible.”</p>
<p>O’Hagan concluded that digital assets provided an innovative way to approach payments. He believed that using digital assets like XRP, really put the customer in the “center of the experience.”</p>
<p><strong>A unique opportunity for credit unions and exchanges</strong></p>
<p>Ganey said he saw potential for credit unions to provide a powerful new service to their customers. Catalyst Corporate Federal Credit Union serves 1400 credit unions across the country, many of whom already rely on wire services or products from payment providers to send cross-border payments.</p>
<p>“There’s tremendous opportunity,” said Ganey in referencing the use of blockchain and digital assets for cross-border payments. “Catalyst Corporate Federal Credit Union serves all the sand states (Arizona, California, Florida and Nevada). There are a lot of migrant populations there that credit unions are serving with other products. Today, the money is going to other payment providers because wires can’t offer a very competitive product.”</p>
<p>On behalf of the sole digital asset exchange on the panel, Park explained that Bittrex’s goal was to be a platform that could support the best uses of digital assets and their underlying technology. Park stated that Bittrex not only wanted to help facilitate cross-border payments, but also be the place that “unlocks the value” in that business.</p>
<p>“We think what XRP aims to do as a project is innovative and good for the consumer,” Park stated. “We want to be there to support from a platform standpoint.”</p>
<p><strong>Educating regulators on digital asset application</strong></p>
<p>The conversation then shifted to regulation and compliance of digital assets. Kumar immediately shared his personal belief that proper regulation of digital assets required a segmented approach, one that evaluated different use cases. He argued that regulators don’t need to worry about the use of digital assets as a payments vehicle because they are only being used as a vehicle for the transmission of value, not for speculative purposes.</p>
<p>O’Hagan said for IDT, the challenge was not with compliance or external regulators, but rather with education. He said they had to explain both internally to their own teams and externally to their banking partners about the benefits of using digital assets in payment flows.</p>
<p>Ganey agreed and said that a focus on education for both regulators and the rest of the industry was important for growth and broader adoption.</p>
<p>“It’s a technology and capability that are here to stay and I think they are going to be transformative,” Ganey said to the audience.  “So how are things going to change? From a regulatory standpoint, education is key — delineating from the buzz words and the cryptocurrency terminologies.”</p>
<p>In the end however, the focus of the discussion shifted back to the customer and providing a better experience that could, in turn, have broader positive impact. O’Hagan argued that mass adoption of a service like xRapid could benefit both the industry and the consumer.</p>
<p>“If you look at xRapid as a hub, you need spokes, end points and entities that enable that last mile,” O’Hagan explained. “The more entities that join, the better we all are, and the better services we can provide to consumers. They are the ones that benefit.”</p>
<p>O’Hagan argued that continued adoption would have a tremendous positive impact on real people.</p>
<p>“Just think for a second about a Mexican national sending $300 to Mexico,” O’Hagan said. “His or her family depends on that to pay for food and rent. If you take $10 away from that person, it has a significant impact.”</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-800-pound-gorilla-digital-asset-adoption/">The 800 Pound Gorilla: Digital Asset Adoption</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>The Ripple Drop – Episode 6</title>
		<link>https://ripple.com/insights/the-ripple-drop-episode-6/</link>
		<pubDate>Mon, 29 Oct 2018 18:59:30 +0000</pubDate>
		<dc:creator><![CDATA[Reinhard Cate]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

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		<description><![CDATA[<p>Welcome to the sixth episode of The Ripple Drop, a web video series covering the latest news about our customers, technology, products and culture. We’re getting deep into Ripple tech this month. First we talk to SVP of Product Asheesh Birla about RippleNet’s three different products and how they work together. Birla breaks down the &#8230; <a href="https://ripple.com/insights/the-ripple-drop-episode-6/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-6/">The Ripple Drop – Episode 6</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<p>Welcome to the sixth episode of The Ripple Drop, a web video series covering the latest news about our customers, technology, products and culture.</p>
<p>We’re getting deep into Ripple tech this month. First we talk to <a href="https://ripple.com/company/leadership/#asheesh">SVP of Product Asheesh Birla</a> about RippleNet’s three different products and how they work together. Birla breaks down the specifics of how payment flows would work from the <a href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">U.S. to Mexico using XRP</a>.</p>
<p>Next up, we sit down with Director of Product Craig DeWitt to discuss RippleNet’s multi-hop feature. We recently announced that <a href="https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/">Siam Commercial Bank</a> would be the first financial institution pioneering multi-hop, and DeWitt explains why this feature is important and will benefit the entire network.</p>
<p>In the final segment, <a href="https://ripple.com/company/leadership/#cory">Chief Market Strategist Cory Johnson</a> talks about the <a href="https://ripple.com/insights/q3-2018-xrp-markets-report/">Q3 XRP Markets Report</a>. Johnson gives his take on the key trends over the past three months in XRP ecosystem, including digital asset trading in Malta, hints at broad digital asset adoption on Wall Street and far less volatility in the markets than earlier this year.</p>
<p>We’ll also be sharing extended cuts of each of these segments soon. We hope you like this episode, and let us know if there are any topics you’d like to see more of in the future.</p>
<p>If you haven’t already, catch up on previous episodes <a href="https://www.youtube.com/playlist?list=PLl-QsmXvjodqrlcbMri1joAq7_FNCZoF1">here</a>!</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/the-ripple-drop-episode-6/">The Ripple Drop – Episode 6</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Q3 2018 XRP Markets Report</title>
		<link>https://ripple.com/insights/q3-2018-xrp-markets-report/</link>
		<pubDate>Thu, 25 Oct 2018 16:00:22 +0000</pubDate>
		<dc:creator><![CDATA[Miguel Vias]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

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		<description><![CDATA[<p>By Cory Johnson &#38; Miguel Vias Ripple sells $163 million in XRP amidst rising volatility and volume in Q3 2018 Ripple sales accounted for 0.43 percent of global XRP volume Three billion XRP released out of cryptographic escrow, 2.6 billion XRP returned to escrow Wall Street firms take early steps towards providing institutional custody of &#8230; <a href="https://ripple.com/insights/q3-2018-xrp-markets-report/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q3-2018-xrp-markets-report/">Q3 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p>By Cory Johnson &amp; Miguel Vias</p>
<p><strong>Ripple sells $163 million in XRP amidst rising volatility and volume in Q3 2018</strong></p>
<ul>
<li><strong>Ripple sales accounted for 0.43 percent of global XRP volume</strong></li>
<li><strong>Three billion XRP released out of cryptographic escrow, 2.6 billion XRP returned to escrow</strong></li>
<li><strong>Wall Street firms take early steps towards providing institutional custody of digital assets</strong></li>
</ul>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Q3-XRP-Markets.jpg"><img class="aligncenter size-full wp-image-17286" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Q3-XRP-Markets.jpg" alt="" width="720" height="405" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Q3-XRP-Markets.jpg 720w, https://cdn.ripple.com/wp-content/uploads/2014/10/Q3-XRP-Markets-300x169.jpg 300w" sizes="(max-width: 720px) 100vw, 720px" /></a></p>
<p><strong>RIPPLE’S XRP SALES</strong></p>
<p>In Q3 2018, Ripple sold $65.27 million worth of XRP programmatically. This represented 0.172 percent, or 17.2 basis points of the total XRP volume traded globally in the third quarter.</p>
<p>In addition, XRP II, LLC — a Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $98.06 million worth of XRP in institutional direct sales. In total, the company sold $163.33 million worth of XRP in Q3.</p>
<p>XRP volatility was light throughout most of the quarter, then jumped in the last two weeks of the quarter as the price also increased.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/q35.jpeg"><img class="aligncenter size-large wp-image-17297" src="https://cdn.ripple.com/wp-content/uploads/2014/10/q35-1024x576.jpeg" alt="" width="1024" height="576" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/q35-1024x576.jpeg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/q35-300x169.jpeg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/q35-768x432.jpeg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/q35.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p><strong>Q3 ESCROW ACTIVITY</strong></p>
<p>In Q4 2017, Ripple locked up 55 billion XRP in a cryptographically-secured escrow account. Ripple created the lockup to create certainty of XRP supply at any given time. Due to that lockup, Ripple has access to only 13 percent of the total XRP in circulation. Ripple’s sales were a tiny fraction of that amount.</p>
<p>In Q3 2018, 3 billion XRP was again released out of escrow (1 billion each month). 2.6 billion XRP was subsequently put into new escrow contracts.</p>
<p>The remaining 400 million XRP not returned to escrow is being used in a variety of ways to help support the XRP ecosystem.</p>
<p><strong>MARKET COMMENTARY</strong></p>
<p>The total market capitalization of digital assets fell again in the third quarter, declining 12.0 percent. Most of the major assets, including XRP, traded in a continued tight correlation, though XRP price rallied at quarter end.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/q33.jpeg"><img class="aligncenter size-large wp-image-17295" src="https://cdn.ripple.com/wp-content/uploads/2014/10/q33-1024x576.jpeg" alt="" width="1024" height="576" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/q33-1024x576.jpeg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/q33-300x169.jpeg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/q33-768x432.jpeg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/q33.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>Industry activity continued its growth with a myriad of announcements (e.g. <a href="https://coil.com/">Coil</a> began testing its web monetization product with more than 200 websites enabling XRP payments), although three trends stood out in Q3.</p>
<p><strong>ICOs and Regulation</strong></p>
<p>Q3 saw a pullback in initial coin offering (ICO) issuances on the heels of <a href="http://bit.ly/2JhctLO">a report by ICORating</a> that said 55 percent of initial coin offerings failed to complete their crowdfundings in the second quarter.</p>
<p>In addition, U.S. regulators took a number of actions throughout the quarter in an effort to support healthy markets:</p>
<ul>
<li>ICO promoters were a particular target. On Sept. 11, the SEC filed its first case arguing that an unregistered broker-dealer sold digital tokens. La Jolla, California-based “Crypto Asset Management” raised $3.6 million from 44 investors in 15 states last year and had $37 million under management by year end. The firm was censured and agreed to pay a $200,000 <a href="http://bit.ly/2CELDgt">penalty</a>.</li>
<li>In its first cryptocurrency action, FINRA <a href="http://bit.ly/2CCPJFI">charged</a> a Massachusetts man who announced “HempCoin” to induce investment into his “worthless” company “Rocky Mountain Ayre.” FINRA exerted jurisdiction citing Ayre’s previous registration as a broker-dealer.</li>
<li>The Securities and Exchange Commission rejected a Bitcoin ETF application by Cameron and Tyler Winkelvoss. &#8220;A substantial majority of Bitcoin trading occurs on unregulated venues overseas that are relatively new and that, generally, appear to trade only digital assets,&#8221; the SEC said in a <a href="http://bit.ly/2CBVfZb">lengthy filing</a>. Further, the SEC found that Bitcoin &#8220;is not demonstrably resistant to manipulation.”</li>
<li>In a closely watched decision, in September a federal judge in Boston <a href="http://bit.ly/2CH30wU">ruled</a> that the Commodity Futures Trading Commission sufficiently alleged that a virtual currency named My Big Coin met the definition of a commodity and fell under the CFTC’s purview.</li>
</ul>
<p><strong>Geographic Trends</strong></p>
<p>In the final days of the quarter, South Korean exchanges emerged as some of leading trading venues for digital assets.</p>
<p>Also of note is the country of Malta. For more than two-thirds of the quarter, overall global digital asset trading was led by exchanges based in Malta.</p>
<p>Over the last six months, Malta has proposed a number of rules that create a clear legal framework for the trading of digital assets. Additionally, Malta lets international companies pay as little as 5 percent in corporate taxes. Prime Minister Dr. Joseph Muscat has called cryptocurrencies “the inevitable future of money.” This has led to a number of large crypto firms, including Binance and OKEX Technology, moving their operations to the Mediterranean island nation.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/q34.jpeg"><img class="aligncenter size-large wp-image-17296" src="https://cdn.ripple.com/wp-content/uploads/2014/10/q34-1024x576.jpeg" alt="" width="1024" height="576" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/q34-1024x576.jpeg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/q34-300x169.jpeg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/q34-768x432.jpeg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/q34.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p><strong>Wall Street Adoption</strong></p>
<p>Big institutional firms continue moving towards backing crypto trading, but have yet to launch offerings into the market. In August, <em><a href="https://bloom.bg/2IO08yv">Bloomberg News</a></em> reported that Goldman Sachs Group was considering a plan to offer custody for crypto funds, citing “people with knowledge of the matter.” In the second quarter Nomura Holdings announced a custody consortium called Komainu, and Bank of New York Mellon, JPMorgan Chase and Northern Trust are all reportedly exploring or already working-on crypto-custody services.</p>
<p>Announcements of this sort continued in Q3, but the efforts have yet to yield wide spread institutional trading. This has allowed emerging companies to build a handful of large businesses trading digital assets — traditional Wall Street firms are waiting in the wings.</p>
<p>Last quarter’s (Q2 2018) XRP market report can be found <a href="http://bit.ly/2A6Uy9S">here</a>.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q3-2018-xrp-markets-report/">Q3 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Chris Larsen Reflects on Disruption, Regulation and the Internet of Value at Money20/20</title>
		<link>https://ripple.com/insights/chris-larsen-reflects-on-disruption-regulation-and-the-internet-of-value-at-money20-20/</link>
		<pubDate>Thu, 25 Oct 2018 00:59:57 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17280</guid>
		<description><![CDATA[<p>In a keynote capping off Money20/20 USA 2018, Ripple Executive Chairman and Co-Founder Chris Larsen sat down for a fireside chat with Arjan Schütte, the Founder and Managing Partner of Core Innovation Capital. Larsen reflected on his experience as both an entrepreneur and a business leader as he offered perspectives on a variety of topics, &#8230; <a href="https://ripple.com/insights/chris-larsen-reflects-on-disruption-regulation-and-the-internet-of-value-at-money20-20/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/chris-larsen-reflects-on-disruption-regulation-and-the-internet-of-value-at-money20-20/">Chris Larsen Reflects on Disruption, Regulation and the Internet of Value at Money20/20</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/ChrisMoney20-20.jpg"><img class="aligncenter size-large wp-image-17281" src="https://cdn.ripple.com/wp-content/uploads/2014/10/ChrisMoney20-20-1024x575.jpg" alt="" width="1024" height="575" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/ChrisMoney20-20-1024x575.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/ChrisMoney20-20-300x169.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/ChrisMoney20-20-768x431.jpg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/ChrisMoney20-20.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>In a keynote capping off Money20/20 USA 2018, Ripple Executive Chairman and Co-Founder Chris Larsen <a href="https://us.money2020.com/agenda-2018">sat down for a fireside chat</a> with Arjan Schütte, the Founder and Managing Partner of Core Innovation Capital.</p>
<p>Larsen reflected on his experience as both an entrepreneur and a business leader as he offered perspectives on a variety of topics, including Silicon Valley disruption, regulation of digital assets and what it means to build the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>.</p>
<p>First pressed by Schütte on his philosophy towards developing new technology, Larsen explained that there’s “a difference between wanting to do good and not wanting to do bad.” This a philosophy, he noted, was laid out well by President Clinton during his keynote at <a href="https://ripple.com/insights/ripple-for-good-supports-education-and-financial-inclusion-with-100-million-commitment/">Swell 2018</a>. He continued by explaining that the unchecked growth of new technology originating in Silicon Valley can often feel like a threat to portions of society.</p>
<p>“There is a ‘techlash’ going on, for sure. Silicon Valley has missed the boat,” Larsen said. “They’ve moved fast and broke things and didn’t worry about the consequences. This is where FinTech has struggled. Pure code is one thing, but it has to also be compliant and regulated. Technology is embedded in everything these days, and people are scared. They don’t want to hear how you’re going to break things.”</p>
<p>To fix that, Larsen said that he believes startups and tech companies need to have more empathy. He went on to suggest that teams should think about disruption from a different perspective — one that requires them to be smart, but also thoughtful. When asked by Schütte about the impact blockchain has, Larsen acknowledged it is a disruptive technology. However, he clarified that while the technology itself could disrupt, teams building on it should not.</p>
<p>This philosophy has become a central approach to Larsen’s companies. He cited <a href="https://ripple.com/insights/ripple-for-good-supports-education-and-financial-inclusion-with-100-million-commitment/">Ripple for Good</a>, the giving arm of Ripple, as example of the right approach to building while still being inclusive and supportive to the greater global community. Larsen said that the industry as a whole has fallen short in addressing digital assets’ potential to do harm.</p>
<p>Larsen went on to say that the industry could learn from projects like <a href="https://www.wearethorn.org/">Thorn</a>, which uses new technology to stop the exploitation of children on the Internet. He argued this was part of digital assets “earning their way in the world,” and it was essential for new projects to make positive change by working with the traditional financial system, not disrupting it.</p>
<p>“Working within the system. A big part of stopping this fetish for disruption is getting involved in the industry,” Larsen remarked. “Work with banks. By working with the system, you are automatically confronted by what the concerns are. If you’re only on your own path, you don’t see what these issues are.”</p>
<p>Larsen explained that <a href="https://ripple.com/insights/the-case-for-digital-asset-regulation-part-1-how-regulation-helped-make-japan-the-leading-digital-asset-market/">thoughtful regulation</a> was critical to protecting consumers and seeing broader positive impacts from the technology. He believes that digital assets, could help prevent the next financial crisis by solving the global liquidity problem. Larsen cited the digital asset <a href="https://ripple.com/xrp/">XRP</a> as one such example, due to its ability to provide instant transfers of value across borders without a pre-funded nostro account. The major threat to realizing these benefits Larsen argued, was overregulation.</p>
<p>Despite the challenges, Larsen still believes that digital assets will be a driving force for positive change in the financial industry and beyond. An impact he hopes can achieve through the Ripple mission of enabling the Internet of Value, a world where money can move seamlessly across borders like information does today. Larsen believes the journey to this end goal will have a steep learning curve for digital assets and their associated projects.</p>
<p>He remarked, “Ninety percent of what we see today [in digital assets] won’t exist in ten years time, but the other ten percent of it will change the world.”</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/chris-larsen-reflects-on-disruption-regulation-and-the-internet-of-value-at-money20-20/">Chris Larsen Reflects on Disruption, Regulation and the Internet of Value at Money20/20</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>David Schwartz Makes the Case for Blockchain in Payments at Money20/20 USA</title>
		<link>https://ripple.com/insights/david-schwartz-makes-the-case-for-blockchain-in-payments-at-money20-20-usa/</link>
		<pubDate>Tue, 23 Oct 2018 16:35:32 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17258</guid>
		<description><![CDATA[<p>Ripple CTO David Schwartz participated in a spirited debate yesterday at Money 20/20 USA. The moderator Tony Hayes asked him and his opponent, Esther Pigg, the SVP of Product Strategy at FIS Payments, to address the question: Will Blockchain Replace Today’s Payments System? Schwartz’s argument for the “pro” side was two-pronged. First, he explained what’s &#8230; <a href="https://ripple.com/insights/david-schwartz-makes-the-case-for-blockchain-in-payments-at-money20-20-usa/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/david-schwartz-makes-the-case-for-blockchain-in-payments-at-money20-20-usa/">David Schwartz Makes the Case for Blockchain in Payments at Money20/20 USA</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/David-Debate.jpg"><img class="aligncenter size-large wp-image-17260" src="https://cdn.ripple.com/wp-content/uploads/2014/10/David-Debate-1024x643.jpg" alt="" width="1024" height="643" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/David-Debate-1024x643.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/David-Debate-300x188.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/David-Debate-768x482.jpg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/David-Debate.jpg 1115w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>Ripple CTO David Schwartz participated in a spirited debate yesterday at Money 20/20 USA. The moderator Tony Hayes asked him and his opponent, Esther Pigg, the SVP of Product Strategy at FIS Payments, to address the question: <em><a href="https://money2020us2018.sched.com/event/FnGX?iframe=no">Will Blockchain Replace Today’s Payments System?</a></em></p>
<p>Schwartz’s argument for the “pro” side was two-pronged. First, he explained what’s wrong with today’s global payments systems. They were <a href="https://ripple.com/insights/features/disco-era-money-movement-technologies/">built before the Internet</a> — for the “postal and batch era” — and are not able to address market demands today. And, as an industry, he explained, “We’ve been trying to put band-aids on the problem for years now. Apple Pay, SWIFT GPI, bank’s web and mobile interfaces — these are all just short-term fixes.”</p>
<p>But these band-aids don’t resolve underlying issues with the infrastructure supporting global payments systems; they just won’t work for the next wave of companies and consumers. Schwartz used examples of companies like Uber and Amazon that have become payment companies. The proliferation of APIs they need to execute payouts to partners and customers is becoming a “nightmare” for them. And, in emerging markets, businesses and consumers are sometimes left without options to address their payment needs.</p>
<p>Schwartz explained that it’s really hard to stop technological advancement when technology is shown to dramatically improve or solve a problem. This is what blockchain is doing for cross-border payments. And, what it could do for other use cases down the road.</p>
<p>So, why is blockchain the ideal solution? Schwartz provided three compelling reasons:</p>
<ol>
<li>Security: Every participant can enforce all the rules, so the systems are self-defending.</li>
<li>Reliable: The median blockchain has better reliability than YouTube. They’ve never had outages.</li>
<li>Governance: Blockchains are governed simply by everyone participating enforcing all the rules.</li>
</ol>
<p>To conclude his opening remarks, Schwartz provided perspective on what a transition to blockchain might look like. He said, “Look at what email did to postal mail. Look at what digital music did to CDs. And, if you look at the developing world, they skipped landlines completely. The same can be said for the developing world moving straight to mobile wallets.”</p>
<p>Esther Pigg’s rebuttal to these remarks hinged on a few key points, including regulatory uncertainty, scalability of blockchains and interoperability.</p>
<p>Schwartz did acknowledge that scalability is an area where blockchain in general still has room for growth. But for some blockchain technologies, like the <a href="https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/">XRP Ledger</a>, it is not a big problem. The XRP Ledger already scales to 1500 transactions per second.</p>
<p>On interoperability, he countered by pointing out blockchains already have an interoperability protocol, known as <a href="https://interledger.org/">Interledger</a>. Interledger is similar to how Internet IP works today. It allows all blockchain ledgers to connect, regardless of what digital assets are being exchanged across them.</p>
<p>On regulation, Schwartz agreed that more regulation of digital assets and blockchain technology is needed to ensure consumers are protected. <a href="https://ripple.com/insights/the-case-for-digital-asset-regulation-part-1-how-regulation-helped-make-japan-the-leading-digital-asset-market/">Japan and Abu Dhabi</a> are strong examples of global leaders in regulation — governing bodies providing strong consumer protections around digital assets but also leaving room for innovation. He specifically pointed out how the examples Pigg offered in her argument, where digital assets are used for illicit practices, are very different than the positive use cases for digital assets, like cross-border payments, that companies like Ripple are driving.</p>
<p>Pigg also noted in her remarks that the industry should continue to explore how blockchain can fix problems with slow, unreliable payments. So while she wouldn’t concede that blockchain will replace payment systems, she agreed that it may play an important role.</p>
<p>Following the debate, a poll that showed half of the room felt the same as they did before the panel &#8211; with the rest of the audience split 50/50 on if blockchain will replace payments systems or not. It seems this topic will continue to be the center of more debates. For now, we can agree to disagree.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/david-schwartz-makes-the-case-for-blockchain-in-payments-at-money20-20-usa/">David Schwartz Makes the Case for Blockchain in Payments at Money20/20 USA</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Leadership Front and Center at Money20/20</title>
		<link>https://ripple.com/insights/ripple-leadership-front-and-center-at-money20-20/</link>
		<pubDate>Fri, 19 Oct 2018 16:58:22 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17247</guid>
		<description><![CDATA[<p>Ripple’s executives are on stage in force at this year’s Money20/20 USA to talk about improving global payments with blockchain and digital assets, and how these technologies can bring new value to businesses and consumers around the world. Specifically, Executive Chairman and Co-founder Chris Larsen, Chief Technology Officer David Schwartz, SVP of Business and Corporate &#8230; <a href="https://ripple.com/insights/ripple-leadership-front-and-center-at-money20-20/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-leadership-front-and-center-at-money20-20/">Ripple Leadership Front and Center at Money20/20</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Insights-Headshots-Money2020png-22.png"><img class="aligncenter size-large wp-image-17251" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Insights-Headshots-Money2020png-22-1024x512.png" alt="" width="1024" height="512" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Insights-Headshots-Money2020png-22-1024x512.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Insights-Headshots-Money2020png-22-300x150.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Insights-Headshots-Money2020png-22-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>Ripple’s executives are on stage in force at this year’s <a href="https://us.money2020.com/">Money20/20 USA</a> to talk about improving global payments with blockchain and digital assets, and how these technologies can bring new value to businesses and consumers around the world.</p>
<p>Specifically, Executive Chairman and Co-founder <a href="https://ripple.com/company/board-of-directors/">Chris Larsen</a>, Chief Technology Officer <a href="https://ripple.com/company/leadership/#david">David Schwartz</a>, SVP of Business and Corporate Development <a href="https://ripple.com/company/leadership/#kahina">Kahina Van Dyke</a> and SVP of Product <a href="https://ripple.com/company/leadership/#asheesh">Asheesh Birla</a> will all speak over the course of the event.</p>
<p>They’ll join over 11,000 attendees, including other C-suite executives, business leaders and media from over a hundred different countries at this marquee FinTech industry event.</p>
<p><strong>Monday October 22nd: David Schwartz and Kahina Van Dyke</strong></p>
<p>The Ripple executive team’s appearance at Money20/20 kicks off on Monday with David Schwartz taking part in a special <a href="https://money2020us2018.sched.com/event/FnGX?iframe=no">“Oxford-style debate” moderated by Tony Hayes</a> at 10:10 am PT. Schwartz will argue blockchain’s merits as the best solution to fix today’s broken international payments system, leaning on his deep knowledge of the space and his experience building Ripple’s products and technology. His opponent, Esther Pigg, the SVP of Product Strategy at FIS Payments, will defend the financial industry’s current approach to global payments and its reliance on legacy infrastructure.</p>
<p>Kahina Van Dyke will then take the stage later in the day, at 2:10 pm PT, as part of the exclusive Money20/20 Rise Up program. Van Dyke is being honored as a powerhouse speaker for the inaugural Rise Up class and will share key insights on stage about negotiation fundamentals and how it applies to leadership in all aspects of life. She’ll draw on lessons learned from more than 20 years of experience at Fortune 500 companies in banking and technology.</p>
<p><strong>Tuesday October 23rd: Asheesh Birla</strong></p>
<p>On the second day of Money20/20 USA, Asheesh Birla is a panelist in a session about <a href="https://money2020us2018.sched.com/event/FHHS?iframe=no">blockchain’s impact on the cross-border payments industry</a>. He will leverage his experience bringing Ripple’s products to market over the past five years &#8212; products that have made cross-border payments faster, cheaper and more transparent than ever before.</p>
<p>Birla will be joined on stage by Victoria Liu Edison, the Chief Compliance Officer for Americas at Ant Financial, the Head of New Technologies at Wells Fargo Dan Vogt and dLocal’s Co-Founder and CEO Sebastian Kanovich. The panel will be moderated by Brendan Miller, principal analyst at Forrester.</p>
<p><strong>Wednesday October 24th: Chris Larsen</strong></p>
<p>To close the event, Chris Larsen will participate in a candid <a href="https://sched.co/FCdF">fireside chat about the emerging significance of digital assets in the global economy</a> moderated by Arjan Schütte, the founder and managing partner of Core Innovation Capital. Larsen has been a long-time advocate of financial inclusion and streamlining the movement of money globally.</p>
<p>Before co-founding Ripple, Larsen was the CEO of Prosper and E-Loan, driving the latter’s effort to be the first company to show consumers their FICO scores. At Ripple, he defined a mission based on the Internet of Value, to enable the world to move money like information moves today. Larsen will share what he’s learned over the years as both an entrepreneur and a business leader.</p>
<p>If you’re on the ground at Money20/20 in Las Vegas, check out the agenda for the locations of each session. If not, follow our coverage here and on <a href="https://twitter.com/Ripple">Twitter</a> and <a href="https://www.linkedin.com/company/ripple-labs/">LinkedIn</a>.</p>
<p><em>Update: Unfortunately, SVP of Business and Corporate Development Kahina Van Dyke was unable to participate on stage with the rest of the Rise Up class. </em></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-leadership-front-and-center-at-money20-20/">Ripple Leadership Front and Center at Money20/20</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>How Payments Improved InstaReM and BeeTech’s Customer Experience</title>
		<link>https://ripple.com/insights/how-payments-improved-instarem-and-beetechs-customer-experience/</link>
		<pubDate>Thu, 18 Oct 2018 18:56:46 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17235</guid>
		<description><![CDATA[<p>Establishing new connections on RippleNet was a critical priority at Swell 2018. While matchmaking between customers at the event inspired potential new corridors in real-time on the ground, stories of current customer success across RippleNet were in the spotlight on stage. InstaReM and BeeTech worked on opposite sides of the globe, but they were both &#8230; <a href="https://ripple.com/insights/how-payments-improved-instarem-and-beetechs-customer-experience/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/how-payments-improved-instarem-and-beetechs-customer-experience/">How Payments Improved InstaReM and BeeTech’s Customer Experience</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<div class="video-container"><iframe src="https://www.youtube.com/embed/b5f8crr1HVU" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>Establishing new connections on RippleNet was a critical priority at <a href="https://swell.ripple.com/">Swell 2018</a>. While matchmaking between customers at the event inspired potential new corridors in real-time on the ground, stories of current customer success across RippleNet were in the spotlight on stage.</p>
<p><a href="https://www.instarem.com/">InstaReM</a> and <a href="https://www.beetech.global/en.html">BeeTech</a> worked on opposite sides of the globe, but they were both trying to address the same problems for their customers. In London, Co-Founder and CEO of InstaReM Prajit Nanu saw global payments that just “didn’t work.” They were just too expensive and took too long.</p>
<p>“The focus of building InstaReM was twofold: 1) it was to build infrastructure that would allow institutions to tap into our network to send low-cost payments 2) to create a consumer remittance platform,” Nanu explained to the audience. “People want transparency and low cost — can you reduce the cost as much as possible? And, the most important thing was real-time payments.”</p>
<p>In Brazil, BeeTech Founder and CEO Fernando Pavani saw a market dominated by a few major banks that struggled to provide low-cost, scalable solutions for cross-border payments. He founded BeeTech to make cross-border payments from Brazil faster and more affordable. Key to this was BeeTech’s ability to streamline required regulatory compliance, a complicated process for payments into and out of the country.</p>
<p>Ripple connected Nanu and Pavani through RippleNet, allowing them to establish new corridors from Brazil to Spain, Italy, Germany, France and Portugal. The two talented and like-minded CEOs immediately saw the benefits of this new connection for both of their companies.</p>
<p>“For us in Brazil, banks hold all the networks, and they don’t show who the providers are. And, the local providers, they keep that for themselves,” said Pavani on stage. “So what Ripple did for us is change the engagement of the market. They provided a connection with a local player that is cost efficient, fast and that shared the same values as BeeTech.”</p>
<p>The two innovative financial institutions were such an ideal match, Nanu and Pavani joked that their partnership was one akin to an arranged marriage, with Ripple as the priest. The new relationship was one that also moved at lightning speed: It took only three months from signing their contract to executing their first transaction.</p>
<p>With RippleNet, InstaReM and BeeTech are able to provide real-time, efficient payments that lower overall costs. Both financial institutions are also able to create new business opportunities for their customers and scale their connections around the world faster.</p>
<p>“The purpose is to provide real-time feedback for the customers and Ripple is helping provide that experience,” Pavani pointed out. “We solve the small problems and the client solves the big problems.”</p>
<p>To learn more about RippleNet and the technology behind it, <a href="https://ripple.com/contact/">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/how-payments-improved-instarem-and-beetechs-customer-experience/">How Payments Improved InstaReM and BeeTech’s Customer Experience</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Crypto Regulation Around the World</title>
		<link>https://ripple.com/insights/crypto-regulation-around-the-world/</link>
		<pubDate>Thu, 11 Oct 2018 20:40:09 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17204</guid>
		<description><![CDATA[<p>As blockchain and digital asset adoption around the world accelerates, so too has the conversation on how they should be treated by regulators. This critical topic was a major focus on stage at this year’s Swell by Ripple conference. The “Crypto Regulation Around the World” session featured four regulators and policy makers: Richard Teng of &#8230; <a href="https://ripple.com/insights/crypto-regulation-around-the-world/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/crypto-regulation-around-the-world/">Crypto Regulation Around the World</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<p>As blockchain and digital asset adoption around the world accelerates, so too has the conversation on how they should be treated by regulators. This critical topic was a major focus on stage at this year’s <a href="https://swell.ripple.com/">Swell by Ripple</a> conference.</p>
<p>The “Crypto Regulation Around the World” session featured four regulators and policy makers: Richard Teng of Abu Dhabi Global Market; Anchari Suppiroj of Thailand’s Security and Exchange Commision; Ross Leckow, the deputy general counsel of the International Monetary Fund (IMF); and Michael S. Didiuk, the former attorney for the Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations. The panel of speakers was moderated by Ben Lawsky, a Ripple board member and former regulator for the State of New York.</p>
<p><strong>Thailand and Abu Dhabi leading from the front</strong></p>
<p>Thailand and Abu Dhabi are two of the first countries offering comprehensive frameworks for the regulation of digital assets. While each country’s regulatory approach is different, both Teng and Suppiroj pointed out that governments working closely with industry is crucial. Suppiroj underscored that regulators should maintain a close relationship with industry, keeping “an open mindset” and “fine tuning along the way.” Teng agreed and believed that other regulators around the world were also adopting this approach.</p>
<p>“If you look a year ago, I think most global regulators had the view that this asset class might go away,” said Teng. “In the last three to six months, I’d say there’s been a drastic shift in sentiment: they’re going to stay. Let’s look at the right regulation for [digital assets], and how do we approach it in the right direction.”</p>
<p>Teng went on to express that Abu Dhabi was in a unique position because of its ability to create and employ new rules faster than most countries. By contrast, many countries have legacy regulatory regimes within which digital assets do not fit squarely. He also stressed the importance for global regulators to understand digital assets better and to not “imagine the worst,” instead he urged understanding of how to “balance the benefits.”</p>
<p><strong>Embracing tech and enforcing rules in the U.S.</strong></p>
<p>Michael S. Didiuk, formerly of the U.S. SEC, said the agency like it’s Thai and Abu Dhabi counterparts was “embracing the technology.” He believes the SEC’s goal is to really understand the risks and benefits associated with digital assets. Didiuk however, believes that enforcement would be a key priority for the SEC in the future.</p>
<p>“In the short- to medium-term, I think you’re going to see a lot of focus on enforcement,” Diduk said to the panel. He suggested that the SEC foreshadowed its enforcement on <a href="https://www.bloomberg.com/news/articles/2018-09-11/u-s-judge-says-initial-coin-offering-covered-by-securities-law">tokens in a recent U.S. legal ruling</a>.</p>
<p><strong>Finding a global consensus with the IMF at helm</strong></p>
<p>While the actions of regulators in the U.S. is closely watched by the entire industry, Ross Leckow of the IMF stressed the importance of a more global perspective. He applauded Thailand and Abu Dhabi’s regulatory stances as positive examples set for others around the world.</p>
<p>Leckow also outlined a stance the IMF has put forward to help global regulators navigate digital assets. He stated that it was first necessary to shift from “traditional reliance on entity-based regulation” to “a bigger focus on activity-based regulation.” Again echoing Teng and Suppiroj, he stressed the importance of governments working closely with industry to create “regulatory sandboxes” and learn from new technology.</p>
<p>Leckow continued that it was necessary to incorporate “proportionality” to “address the risks,” and to do so “without stifling innovation.” He said this also included incorporating potential changes to traditional legal frameworks to fully address the risks and benefits of digital assets. The last component Leckow highlighted was that IMF believes international cooperation is critical to eventually provide global regulators with a set of international best practices that currently don’t exist today.</p>
<p>“We certainly see the risks [digital assets] present: money laundering, terrorism financing, evasion of sanctions. But, we also see the enormous potential they have to make the financial system globally more efficient and more inclusive,” Leckow explained to the audience. “We believe that for that to happen we need effective regulation in place. Trust is the glue that holds the global financial system together and regulation is a critical component for trust.”</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/crypto-regulation-around-the-world/">Crypto Regulation Around the World</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell 2018: Wrapping Up a Historic Year for Ripple</title>
		<link>https://ripple.com/insights/swell-2018-wrapping-up-a-historic-year-for-ripple/</link>
		<pubDate>Thu, 04 Oct 2018 04:17:04 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17176</guid>
		<description><![CDATA[<p>The second annual Swell by Ripple customer conference has officially come to a close. Over the course of two days the world’s leading experts in policy, payments and technology converged in San Francisco for 14 dynamic sessions, featuring 32 speakers, on the future of payments. The event also provided an opportunity for Ripple’s customers to &#8230; <a href="https://ripple.com/insights/swell-2018-wrapping-up-a-historic-year-for-ripple/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-wrapping-up-a-historic-year-for-ripple/">Swell 2018: Wrapping Up a Historic Year for Ripple</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<div class="video-container"><iframe src="https://www.youtube.com/embed/zGaHYOefNmQ" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>The second annual Swell by Ripple customer conference has officially come to a close. Over the course of two days the world’s leading experts in policy, payments and technology converged in San Francisco for 14 dynamic sessions, featuring 32 speakers, on the future of payments. The event also provided an opportunity for Ripple’s customers to meet, share and establish new corridors on RippleNet.</p>
<p>Beginning with President Bill Clinton’s keynote address, day one of Swell featured remarks by <a href="https://ripple.com/insights/ceo-brad-garlinghouse-talks-internet-of-value-and-customer-traction-at-swell-2018/">CEO Brad Garlinghouse on the Internet of Value</a> and Banco Santander’s Head of Innovation Ed Metzger on <a href="https://ripple.com/insights/swell-2018-how-banco-santander-launched-a-payment-app-for-millions/">One Pay FX</a>, the first mobile app for cross-border payments using RippleNet.</p>
<p>Policy and regulation also were a major focus in two back-to-back sessions featuring Honorable Sunil Sabharwal, former alternate executive director of the International Monetary Fund (IMF), discussing <a href="https://ripple.com/insights/global-regulatory-policies-took-center-stage-on-day-one-of-swell-2018/">global regulatory policy and central banks on their approach to blockchain and digital assets</a>.</p>
<p>Day one also featured exciting Ripple news: <a href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">xRapid is commercially available</a> and will go into production with three financial institutions.</p>
<p>On day two, Ripple released the first <a href="https://ripple.com/blockchain-in-payments-report">Blockchain in Payments Report</a> during the keynote session featuring Chief Market Strategist Cory Johnson alongside Celent Senor Analyst Alenka Grealish. Key among the findings: <a href="https://ripple.com/insights/swell-2018-report-finds-tipping-point-for-mass-adoption-of-blockchain-is-near/">mainstream blockchain adoption is at an important tipping point</a>.</p>
<p>The rest of the day was packed with memorable on-stage moments, including talks led by customers <a href="https://www.youtube.com/watch?v=IqR7AIoblB4&amp;index=11&amp;t=0s&amp;list=PLl-QsmXvjodqqZU4gBDZBM3fAjUKV9gYN">Siam Commercial Bank’s Colin Dinn</a>, <a href="https://ripple.com/insights/transfergo-on-solving-for-real-time-cross-border-settlement-at-swell-2018/">TransferGo’s CEO Daumantas Dvilinskas</a> and <a href="https://www.youtube.com/watch?v=b5f8crr1HVU&amp;index=9&amp;t=0s&amp;list=PLl-QsmXvjodqqZU4gBDZBM3fAjUKV9gYN">InstaReM’s Prajit Nanu and BeeTech’s Fernando Pavani</a>. All highlighted impressive results from their use of Ripple’s blockchain technology in cross-border payments.</p>
<p>A dynamic discussion on the <a href="https://www.youtube.com/watch?v=2Ihw7BLK9ak&amp;index=14&amp;t=0s&amp;list=PLl-QsmXvjodqqZU4gBDZBM3fAjUKV9gYN">future of digital asset adoption</a> featured representatives from <a href="https://www.remitr.com/">Remitr</a>, <a href="https://bittrex.com/">Bittrex</a> and <a href="http://www.idt.net/">IDT Corporation</a>. The panelists pointed out that cross-border payments is likely what will inspire mainstream use of digital assets and that regulatory compliance was a crucial component for adoption.</p>
<p>Evaluating the future of payments was also a key topic for speakers. A session led by <a href="https://www.youtube.com/watch?v=02xPIWjnw2M&amp;index=13&amp;t=0s&amp;list=PLl-QsmXvjodqqZU4gBDZBM3fAjUKV9gYN">former Ebay executive RJ Pittman</a> offered some insight into why improving payments infrastructure will provide serious growth opportunities for the entire industry.</p>
<p>An impressive panel on implementing the adoption of innovative technology featured <a href="https://www.youtube.com/watch?v=vhLIo_02H94&amp;index=15&amp;t=0s&amp;list=PLl-QsmXvjodqqZU4gBDZBM3fAjUKV9gYN">Tokunboh Ishmael, Amy Radin, and Ben Braybn</a> and underscored the importance that new technology like blockchain can have on developing economies.</p>
<p>The finale of Swell 2018 was the Blockchain Innovator Awards ceremony. <a href="http://www.cuallix.com/en/">Cuallix</a>, <a href="https://www.instarem.com/">InstaReM</a>, <a href="https://www.scb.co.th/en/personal-banking.html">Siam Commercial Bank</a>, <a href="https://www.bancosantander.es/es/particulares">Banco Santander</a>, <a href="https://www.transfergo.com/en?tgo_source=adwords_eng&amp;tgo_medium=search_b&amp;tgo_campaign=oth_oth&amp;tgo_term=new_brand&amp;tgo_content=transfergo&amp;gclid=EAIaIQobChMI5eL91ZLr3QIVjbSzCh2QRAsnEAAYASAAEgL1T_D_BwE">TransferGO</a>, and the <a href="http://www.sama.gov.sa/en-us/">Saudi Arabian Monetary Authority</a> were all honored for their achievements over the last year.</p>
<p>If you missed any of the sessions on either day or our immediate coverage, then check out our full length videos of each session on Ripple’s <a href="https://www.youtube.com/c/Ripplepay">YouTube channel</a>.</p>
<p>We hope you enjoyed the insights and coverage of this year’s event. We’re already excited for Swell 2019!</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-wrapping-up-a-historic-year-for-ripple/">Swell 2018: Wrapping Up a Historic Year for Ripple</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>TransferGo On Solving for Real-Time Cross-Border Settlement at Swell 2018</title>
		<link>https://ripple.com/insights/transfergo-on-solving-for-real-time-cross-border-settlement-at-swell-2018/</link>
		<pubDate>Tue, 02 Oct 2018 23:08:51 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17168</guid>
		<description><![CDATA[<p>CEO of TransferGo Daumantas Dvilinskas took center stage on day two of Swell 2018. Not only did he share in detail how TransferGo is delivering on its promise of making global real-time settlement a reality, he also announced a new, free global payments service for customers anywhere in the world: TransferGo FREE. Dvilinskas explained that &#8230; <a href="https://ripple.com/insights/transfergo-on-solving-for-real-time-cross-border-settlement-at-swell-2018/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/transfergo-on-solving-for-real-time-cross-border-settlement-at-swell-2018/">TransferGo On Solving for Real-Time Cross-Border Settlement at Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098636631_5.jpg"><img class="aligncenter size-large wp-image-17170" src="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098636631_5-1024x682.jpg" alt="" width="1024" height="682" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098636631_5-1024x682.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098636631_5-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098636631_5-768x512.jpg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098636631_5.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>CEO of <a href="https://www.transfergo.com/en">TransferGo</a> Daumantas Dvilinskas took center stage on day two of <a href="https://swell.ripple.com">Swell 2018</a>. Not only did he share in detail how TransferGo is delivering on its promise of making global real-time settlement a reality, he also announced a new, free global payments service for customers anywhere in the world: TransferGo FREE.</p>
<p>Dvilinskas explained that his company’s mission is to remove friction from global payments and make them instant. When he launched the business six years ago, Dvilinskas described players within the financial services industry as “separate islands,” and growing TransferGo’s global banking partner network meant forging individual partnerships with each.</p>
<p>He remarked, “In effect, we built a glimpse of what the future of cross-border financial services would be: A truly real-time experience where customers can send money to their friends and family regardless of where they are.”</p>
<p>By doing this, he proclaimed, “We have transformed people’s lives.”</p>
<p>First, the company decreased costs by up to 90 percent in some regions. They also dramatically reduced the time of settlement, to under 30 seconds and offered guarantees for these transactions.</p>
<p>Dvilinskas described, “a huge shift in consumer behavior — customers started sending small transactions more, and more frequently.” He says TransferGo has saved $25 million for customers to date, and customers have approximately 20 percent more available income because of these savings.</p>
<p>This has helped to boost the company’s popularity and earn high ratings on consumer reviews. It has also driven rapid growth for the company. Today, TransferGo has 700,000 customers across 47 destinations worldwide and completes 1.5 million transactions per year.</p>
<p>But, it’s still not enough to drive true impact in the cross-border payments industry worldwide, according to Dvilinskas. He has his sights on growing the company’s customer base from one million to one hundred million.</p>
<p>To do this, he points to innovation — blockchain and TransferGo’s partnership with Ripple. He called out the benefits such as standardizing with APIs for building faster connections and real-time messaging for shared responsibility around the risk profile of customers.</p>
<p>Dvilinskas explained, “We just launched our first xCurrent transactions from everywhere in Europe to India through a partnership with Axis Bank. Ripple helped us build and manage this relationship.”</p>
<p>This new corridor from Europe to India offers real-time transactions and relies on a single API. In just one month, TransferGo has seen 315 percent growth. Dvilinskas thinks that volumes across this new corridor will continue to increase over the coming year as more retail customers learn about the service.</p>
<p>Dvilinskas closed his session with an exciting announcement. He pointed out that the cost, or “price,” of cross-border transactions is a huge friction point for most customers. They are not transparent and can be prohibitively expensive.</p>
<p>He questioned, “Can we make cross-border payments completely free? What would it take to offer the mid-market zero fees?”</p>
<p>TransferGo has what it takes. Dvilinskas and TransferGo are now offering TransferGo FREE to customers around the world.</p>
<div class="video-container"><iframe src="https://www.youtube.com/embed/Iz5jOn7Elgs" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/transfergo-on-solving-for-real-time-cross-border-settlement-at-swell-2018/">TransferGo On Solving for Real-Time Cross-Border Settlement at Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell 2018: Report Finds Tipping Point for Mass Adoption of Blockchain Is Near</title>
		<link>https://ripple.com/insights/swell-2018-report-finds-tipping-point-for-mass-adoption-of-blockchain-is-near/</link>
		<pubDate>Tue, 02 Oct 2018 19:07:12 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17158</guid>
		<description><![CDATA[<p>Ripple unveiled the findings of its first Blockchain in Payments Report in the keynote session on day two of Swell 2018. The report revealed the adoption of blockchain-based global payments is reaching critical mass this year, and organizations worldwide are already looking to incorporate digital assets into payment flows. “There’s a lot of money at &#8230; <a href="https://ripple.com/insights/swell-2018-report-finds-tipping-point-for-mass-adoption-of-blockchain-is-near/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-report-finds-tipping-point-for-mass-adoption-of-blockchain-is-near/">Swell 2018: Report Finds Tipping Point for Mass Adoption of Blockchain Is Near</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098341016_5.jpg"><img class="aligncenter size-large wp-image-17165" src="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098341016_5-1024x682.jpg" alt="" width="1024" height="682" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098341016_5-1024x682.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098341016_5-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098341016_5-768x512.jpg 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/p6216000_3098341016_5.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>Ripple unveiled the findings of its first <a href="https://ripple.com/blockchain-in-payments-report">Blockchain in Payments Report</a> in the keynote session on day two of Swell 2018. The report revealed the adoption of blockchain-based global payments is reaching critical mass this year, and organizations worldwide are already looking to incorporate digital assets into payment flows.</p>
<p>“There’s a lot of money at stake,” commented Cory Johnson, Chief Market Strategist at Ripple, as he kicked off the session.</p>
<p>Data from <a href="https://www.bcg.com/">The Boston Consulting Group</a> (BCG) puts the size of the global market for cross-border payments volume at $27 trillion. Another $20 trillion in growth could be up for grabs between 2018 and 2026. Combine this with <a href="http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data">recent data from the World Bank</a> suggesting global remittances alone will reach $642 billion this year.</p>
<p>Johnson also highlighted the changing market dynamics, “The world is used to getting things, right now, on-demand. They aren’t waiting for anything.” He continued, “When we look at blockchain and the solutions it offers in cross-border payments, we have an opportunity to address their needs.”</p>
<p>More specifically, blockchain and digital assets offer a way to modernize today’s international payment rails and make sending money across borders as fast, easy, transparent and reliable as it is to move information.</p>
<p>But many questions remain: When is blockchain going to be mainstream? How close are we to the tipping point? What is the outlook on digital asset use for settlement?</p>
<p>Alenka Grealish, co-presenter and senior analyst for corporate banking at <a href="https://www.celent.com/">Celent</a>, dove straight into the details of the report, explaining how nearly 700 global payments professionals across industries and in 22 countries around the world answered questions to gauge where we are in blockchain adoption, interest in digital assets and general understanding about the benefits of this new technology.</p>
<p>Grealish remarked that a tipping point was approaching, driven by respondents&#8217; motivation to change the way money moves across borders today.</p>
<p>“When you envision the scale with the status quo on one side and the forces of change on the other, we see that the status quo weighs heavy, but the forces of change are starting to dominate — to tip the scale in the direction of change.”</p>
<p>Key highlights from the report included:</p>
<p><strong>This year blockchain moves from experiments to production:</strong></p>
<ul>
<li>18 percent of respondents are in production or near production for the payments use case.</li>
</ul>
<p><strong>The tipping point for mass adoption of blockchain is fast approaching:</strong></p>
<ul>
<li>45 percent of those surveyed said they are already in production, piloting or close to signing with a blockchain provider.</li>
</ul>
<p><strong>Use of digital assets in payments are experiencing breakthrough interest:</strong></p>
<ul>
<li>75 percent of respondents state they are extremely or very interested in using a digital asset as a settlement and/or a base currency.</li>
</ul>
<p><strong>Growing blockchain connectivity facilitates digital asset adoption:</strong></p>
<ul>
<li>85 percent of those using blockchain in production and 90 percent of those quickly moving to production are either extremely or very interested in using digital assets as a form of payment.</li>
</ul>
<p><a href="https://ripple.com/blockchain-in-payments-report">Download your free copy</a> of this report and benchmark your organizations’ progress in adopting this new technology against the adoption curve.</p>
<div class="video-container"><iframe src="https://www.youtube.com/embed/-2DFikrUeZ8" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-report-finds-tipping-point-for-mass-adoption-of-blockchain-is-near/">Swell 2018: Report Finds Tipping Point for Mass Adoption of Blockchain Is Near</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Global Regulatory Policies Took Center Stage On Day One of Swell 2018</title>
		<link>https://ripple.com/insights/global-regulatory-policies-took-center-stage-on-day-one-of-swell-2018/</link>
		<pubDate>Tue, 02 Oct 2018 17:17:09 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17152</guid>
		<description><![CDATA[<p>The future of blockchain technology and global regulation of digital assets took center stage on the the first day of Swell 2018. Honorable Sunil Sabharwal, former alternate executive director of the International Monetary Fund (IMF), offered thoughts on the opportunities for broader global regulation for blockchain digital assets. “In cross-border payments, business-to-business payments is about &#8230; <a href="https://ripple.com/insights/global-regulatory-policies-took-center-stage-on-day-one-of-swell-2018/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/global-regulatory-policies-took-center-stage-on-day-one-of-swell-2018/">Global Regulatory Policies Took Center Stage On Day One of Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<div class="video-container"><iframe width="560" height="315" src="https://www.youtube.com/embed/8qiCxJ9t5FU" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe></div>
<p>The future of blockchain technology and global regulation of digital assets took center stage on the the first day of <a href="https://swell.ripple.com/agenda/">Swell 2018</a>.</p>
<p>Honorable Sunil Sabharwal, former alternate executive director of the <a href="https://www.imf.org/external/index.htm">International Monetary Fund</a> (IMF), offered thoughts on the opportunities for broader global regulation for blockchain digital assets.</p>
<p>“In cross-border payments, business-to-business payments is about $150 trillion dollars,” explained Sabharwal to the audience. “Remittances — that’s about $240 billion in revenue. Remittances, mostly person-to-person payments by migrants, is about $500-600 billion a year.”</p>
<p>Sabharwal explained that despite this opportunity, the high costs of doing business deeply impacted correspondent banking and led to an exodus out of many countries that were deemed to be high risk.</p>
<p>“The cost of doing business in these countries became very expensive,” said Sabharwal. “The regulatory costs, compliance costs and the corresponding fines or risks associated with that.”</p>
<p>The idea that new technology like blockchain could help solve a host of problems for both financial institutions and regulators was one also shared by representatives from central banks that appeared on stage later in the day.</p>
<div class="video-container"><iframe width="560" height="315" src="https://www.youtube.com/embed/rNUoSxWIvYA" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe></div>
<p>Marcelo Yared, the CIO of <a href="https://www.bcb.gov.br/en">Banco Central do Brasil</a> explained that the bank saw the technology as way to improve payments.</p>
<p>“Blockchain and distributed ledger technology (DLT) is a kind of tool for us to solve things,” said Yared. “We’ve seen good things with blockchain and DLT in knowing our customers and in exchanging information inside the Brazilian financial system, and we’re seeing good things in cross-border payments.”</p>
<p>Mohsen Alzahrani of the <a href="http://www.sama.gov.sa/en-us/_layouts/15/osssearchresults.aspx">Saudi Arabian Monetary Authority</a> further echoed this sentiment. Alzahrani explained that the bank even tested a proof of concept in using central bank issued digital currency for removing friction from a cross-border payments.</p>
<p>“We saw it could bring more efficiency to cross-border payments”, said Alzahrani. “Using a settlement coin, a kind of currency that can settle between two different fiat currencies is our idea of exploring the technology.”</p>
<p>Broadly, the consensus was that the technology was a net benefit to central banks who were examining its application. Andrew McCormack of <a href="https://www.payments.ca/">Payments Canada</a> said, “We see a lot of promise in the technology, and its almost like it is maturing. The technology is no longer the question mark.”</p>
<p>While promise in blockchain something banks and regulators generally agree on, a global consensus for a regulatory framework is still not there. Honorable Sunil Sabharwal of the IMF provided some more detail about the roadblocks in his session.</p>
<p>“The challenge is global cooperation,” Sabharwal said. “First the companies need to cooperate, and there are geopolitical issues in getting countries to come together and share their approaches to cyber threats, as it relates to cryptocurrency. The second is a lack of training.”</p>
<p>Sabharwal went on to explain that many central banks lack serious anti-money laundering training, an issue being addressed currently by the IMF.</p>
<p>As day two of Swell 2018 begins, we can expect this conversation to continue. Several sessions will also spotlight the future of global commerce, new research on the adoption of blockchain technology and how Ripple’s customers are using blockchain technology and digital assets to improve cross-border payments products and services for millions of people worldwide.</p>
<p>For a recap on day one, check out posts highlighting <a href="https://ripple.com/insights/ceo-brad-garlinghouse-talks-internet-of-value-and-customer-traction-at-swell-2018/">remarks by CEO Brad Garlinghouse</a> on how we can work together to enable the Internet of Value; news that <a href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">xRapid is commercially available</a>; and Ed Metzger on Banco Santander’s <a href="https://ripple.com/insights/swell-2018-how-banco-santander-launched-a-payment-app-for-millions/">vision for its blockchain-powered mobile app One Pay FX</a>.</p>
<p>To watch the latest coverage of Swell 2018, visit Insights and follow along on <a href="https://twitter.com/Ripple">Twitter</a>, <a href="https://www.linkedin.com/company/ripple-labs/">LinkedIn</a> or <a href="https://www.facebook.com/ripplepay/">Facebook</a> through Wednesday, October 3. Video recaps of sessions will also be available on our <a href="https://www.youtube.com/c/Ripplepay">Youtube channel</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/global-regulatory-policies-took-center-stage-on-day-one-of-swell-2018/">Global Regulatory Policies Took Center Stage On Day One of Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell 2018: How Banco Santander Launched a Payment App for Millions</title>
		<link>https://ripple.com/insights/swell-2018-how-banco-santander-launched-a-payment-app-for-millions/</link>
		<pubDate>Tue, 02 Oct 2018 01:16:35 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
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		<category><![CDATA[News]]></category>

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		<description><![CDATA[<p>Banco Santander has long been on the frontlines of blockchain adoption for global payments. In April of this year, the bank launched One Pay FX, the world’s first mobile application for cross-border payments powered by RippleNet. The bank’s Head of Innovation Ed Metzger began his session at Swell 2018 with a bold statement, “We want &#8230; <a href="https://ripple.com/insights/swell-2018-how-banco-santander-launched-a-payment-app-for-millions/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-how-banco-santander-launched-a-payment-app-for-millions/">Swell 2018: How Banco Santander Launched a Payment App for Millions</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<p>Banco Santander has long been on the frontlines of blockchain adoption for global payments. In April of this year, the <a href="https://ripple.com/insights/santander-launches-first-mobile-app-for-global-payments-using-ripples-xcurrent/">bank launched One Pay FX</a>, the world’s first mobile application for cross-border payments powered by RippleNet.</p>
<p>The bank’s Head of Innovation Ed Metzger began his session at Swell 2018 with a bold statement, “We want to tell you about our journey with Ripple, and how we’ve used the technology to improve our customers’ lives.”</p>
<p>This is not a small feat for an international leader in banking, active in ten different markets and the largest financial institution in the Eurozone. As Metzger explained, the bank’s 140 million retail and commercial customers worldwide have new expectations for their international payments experience. Their retail customers, in particular, are looking for an experience that’s as personal, fast and reliable as other digital services today, such as two-way, instant messaging with anyone, anywhere, or booking a house on-demand across the world.</p>
<p>Metzger remarked, “We believe that financial services is moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with One Pay FX.”</p>
<p>When they piloted Ripple’s blockchain technology across a number of different markets, they were suddenly able to provide their customers with something they had never seen before: a new level of transparency, certainty and speed.</p>
<p>“One of our customers was in Italy on holiday and parked in the wrong place,” Metzger shared. “He needed to pay a fine and didn’t have his banking card. He was able to use the app to immediately pay the fine, and stop his car from being towed away.”</p>
<p>He continued, “It’s four or five clicks to do something that would have taken an awful, awful long time in the past.”</p>
<p>Metzger said that Banco Santander has plans to continue to roll out OnePay FX in more countries in the coming months. Today, the mobile application is available in the U.K. The service also provides on-demand international payments for customers in Spain, Brazil and Poland.</p>
<p>In regards to changes in consumer behavior, Metzger said they’re seeing early signs of much bigger changes. He remarked, “People don’t have to plan ahead. They can send an international payment when they need to. That’s really powerful.”</p>
<p>To watch the latest coverage of <a href="https://swell.ripple.com/">Swell 2018</a>, visit Insights and follow along on <a href="https://twitter.com/Ripple">Twitter</a>, <a href="https://www.linkedin.com/company/ripple-labs/">LinkedIn</a> or <a href="https://www.facebook.com/ripplepay/">Facebook</a> tomorrow through Wednesday, October 3. Video recaps of sessions will also be available on our <a href="https://www.youtube.com/c/Ripplepay">Youtube channel</a> over the next two days.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-how-banco-santander-launched-a-payment-app-for-millions/">Swell 2018: How Banco Santander Launched a Payment App for Millions</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>CEO Brad Garlinghouse Talks Internet of Value and Customer Traction at Swell 2018</title>
		<link>https://ripple.com/insights/ceo-brad-garlinghouse-talks-internet-of-value-and-customer-traction-at-swell-2018/</link>
		<pubDate>Tue, 02 Oct 2018 00:19:30 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
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		<category><![CDATA[XRP]]></category>

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		<description><![CDATA[<p>CEO Brad Garlinghouse kicked off Swell 2018 by introducing Ripple’s mission — the Internet of Value — to enable the the world to move value like information moves today. This has been Ripple’s mission from the very beginning, and it’s centered around working with the existing global financial services industry to build, rather than disrupt. &#8230; <a href="https://ripple.com/insights/ceo-brad-garlinghouse-talks-internet-of-value-and-customer-traction-at-swell-2018/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ceo-brad-garlinghouse-talks-internet-of-value-and-customer-traction-at-swell-2018/">CEO Brad Garlinghouse Talks Internet of Value and Customer Traction at Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<p>CEO Brad Garlinghouse kicked off Swell 2018 by introducing Ripple’s mission — the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> — to enable the the world to move value like information moves today. This has been Ripple’s mission from the very beginning, and it’s centered around working with the existing global financial services industry to build, rather than disrupt.</p>
<p>Garlinghouse explained, “It’s about the opportunity to be a builder — to partner with industry and enable something that hasn’t yet been seen: the dawn of another era in globalization.”</p>
<p>But to do this the industry must first address what’s missing. Much like fire that requires fuel, oxygen and heat, three networks — the movement of goods, the movement of data and the movement of value (money) — have to work interoperably.</p>
<p>Thanks to the introduction of the shipping container in 1956, today we can move goods around the world efficiently and in a standardized way. The introduction of Internet in 90’s allowed us to move data around the world in an instant, at no cost. But to move value —  still takes days with uncertainty and high costs.</p>
<p>Garlinghouse pointed out how reducing friction in how we exchange information drove an explosion in usage of text messaging, social sharing and more. He challenged the audience to think about what would happen if we unlocked “the $1.6 trillion per year that we spend as a society to make money interoperable.”</p>
<p>It’s this friction in global financial systems that holds us all back, and it’s measured in time, cost and error rates. He also remarked that “it’s the segments of the population who are taxed the most by that $1.6 trillion who can least afford it.”</p>
<p>Blockchain offers an opportunity to reduce this friction in global payments and take a major step forward. By bringing these three networks together, Garlinghouse explained, “We can truly enable an Internet of Value. We can enable money to move in the same way goods and data. We can enable global commerce to accelerate, industries to grow and new segment of the population to be brought into the fold.”</p>
<p>Garlinghouse also cautioned that the blockchain space is new. It’s full of experimentation without a lot of the results. Ripple is unique in that it has real use cases for blockchain and real production flows. This is because Ripple has focused on solving one problem, not many.</p>
<p>As Garlinghouse explains, “Too many companies have a peanut butter problem. They’ve spread themselves very thin, working on lots of different initiatives. By contrast, Ripple has gone deep in understanding how global payments problem can be addressed with blockchain technology and digital assets.”</p>
<p><a href="https://swell.ripple.com/">Swell 2018</a> puts a spotlight on examples of how Ripple’s advanced blockchain technology for global payments is helping customers deliver a better international payments experience.</p>
<p>Garlinghouse mentioned a few examples on stage. He talked about how SBI Remit and Siam Commercial Bank opening a corridor between Japan and Thailand has brought new services to more than <a href="https://ripple.com/insights/the-power-of-instant-remittances-ripplenet-in-japan/">45,000 Thai workers living in Japan</a>.</p>
<p>He also mentioned the growth of RippleNet &#8212; with corridors across <a href="https://ripple.com/insights/ripplenet-expands-to-40-countries-improving-remittances-and-sme-payments/">40 countries on the network</a> and recent additions of major institutions like <a href="https://ripple.com/insights/pnc-bank-embraces-blockchain-and-joins-ripplenet/">PNC Bank</a> and <a href="https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/">National Commercial Bank of the Kingdom of Saudi Arabia</a> to the network.</p>
<p>Most notable, was his announcement that <a href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">xRapid is moving into production</a> with partners <a href="https://www.mercury-fx.com/">MercuryFX</a>, <a href="http://www.cuallix.com/en/">Cuallix</a> and <a href="http://www.catalystcorp.org/">Catalyst Corporate Federal Credit Union</a>. As of today, Ripple is now sending live payments using <a href="https://ripple.com/xrp/">XRP</a> for on-demand liquidity from U.S. to Mexico with Cuallix.</p>
<p>Garlinghouse concluded, “We’re only as good as our ability to solve our customers&#8217; problems. And the work partners like MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union are doing with xRapid has demonstrated that we’re solving a real problem.”</p>
<p>To watch the latest coverage of Swell 2018, visit <a href="https://ripple.com/insights/">Insights</a> and follow along on <a href="https://twitter.com/Ripple">Twitter</a>, <a href="https://www.linkedin.com/company/ripple-labs/">LinkedIn</a> or <a href="https://www.facebook.com/ripplepay/">Facebook</a> tomorrow through Wednesday, October 3. Video recaps of sessions will also be available on our <a href="https://www.youtube.com/c/Ripplepay">Youtube channel</a> over the next two days.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ceo-brad-garlinghouse-talks-internet-of-value-and-customer-traction-at-swell-2018/">CEO Brad Garlinghouse Talks Internet of Value and Customer Traction at Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Highlights Record Year, xRapid Now Commercially Available</title>
		<link>https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/</link>
		<pubDate>Mon, 01 Oct 2018 20:00:05 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
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		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

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		<description><![CDATA[<p>In 2018, RippleNet has dramatically expanded its reach and network. This year we’ve seen massive customer growth quarter over quarter, signing an average of two production customers per week. RippleNet has also become a truly global network, powering faster, cheaper and more transparent cross-border payments to over 40 countries and six continents. Today, RippleNet takes &#8230; <a href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">Ripple Highlights Record Year, xRapid Now Commercially Available</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_777221533.jpg"><img class="aligncenter size-full wp-image-17100" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_777221533.jpg" alt="" width="1000" height="542" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_777221533.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_777221533-300x163.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_777221533-768x416.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>In 2018, RippleNet has dramatically expanded its reach and network. This year we’ve seen massive customer growth quarter over quarter, signing an average of two production customers per week. RippleNet has also become a truly global network, powering faster, cheaper and more transparent cross-border payments to over 40 countries and six continents. Today, RippleNet takes another step forward to change the way money moves.</p>
<p>RippleNet is now providing on-demand liquidity to financial institutions for cross-border payments using the digital asset <a href="https://ripple.com/xrp/">XRP</a>. xRapid, the Ripple product powering these transactions, is commercially available and moving into production with multiple customers, including <a href="https://www.mercury-fx.com/">MercuryFX</a>, <a href="http://www.cuallix.com/en/">Cuallix</a> and <a href="http://www.catalystcorp.org/">Catalyst Corporate Federal Credit Union</a>.</p>
<p>xRapid eliminates the need for a pre-funded nostro account when executing a cross-border payment. It sources liquidity from XRP on exchanges around the world. As a result, cross-border transactions occur in minutes and at a lower cost compared to traditional methods, which take days and incur high foreign exchange fees.</p>
<p>Payment providers MercuryFX and Cuallix both participated in the <a href="https://ripple.com/insights/first-pilot-results-for-xrapid/">pilot phase of xRapid</a> earlier this year and saw immediate results in speed and cost savings. MercuryFX will deploy xRapid in the Europe to Mexico corridor.</p>
<p>Cuallix currently focuses on the key remittance corridor from the U.S. to Mexico. Cuallix will use its financial services platforms Payllix and Cuallet, to provide a better customer experience for individuals and families sending money home.</p>
<p>Lastly, Catalyst Corporate Federal Credit Union, a wholesale cooperative financial institution that serves more than 1,400 member and client credit unions throughout the United States, will use xRapid on behalf of their members to create a new cross-border payment service.</p>
<p>Here is what all three customers had to say about xRapid:</p>
<ul>
<li>&#8220;MercuryFX has been working closely with Ripple for more than a year to bring the power of RippleNet to our customers. In pilot tests we saw the benefits of xRapid, and we&#8217;re excited to roll commercial payments out within the quarter. The time to replace slow, expensive payments architecture is now because the need for global access to smooth-flowing capital has never been so acute.&#8221; &#8211;  Alastair Constance, CEO and founder of MercuryFX.</li>
<li>&#8220;The promise of digital assets has always been faster, more efficient payments. That&#8217;s why we started exploring xRapid for our financial services platforms Payllix and Cuallet — to help our customers whose livelihoods depend on sending micro-payments easily and quickly to Mexico. Now, our customers can finally realize that promise,&#8221; &#8211; Nicolas Palacios, CFO of Cuallix.</li>
<li>“The traditional international wire experience fails to meet today’s expectations from a price, speed and ease-of-use perspective. Blockchain technology, and specifically Ripple’s xRapid product, resolves all three of these challenges simultaneously. Catalyst Corporate, through our subsidiary companies’ technology platforms, will leverage the XRP digital asset to transfer money across borders instantly on behalf of our 1400+ member credit unions. We have signed a production contract and are currently building out our plan.” &#8211; Brad Ganey, senior vice president and COO, Catalyst Corporate Federal Credit Union.</li>
</ul>
<p>To learn more about how RippleNet can improve global payments, <a href="https://ripple.com/contact/">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-highlights-record-year-xrapid-now-commercially-available/">Ripple Highlights Record Year, xRapid Now Commercially Available</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell 2018 Kicks Off Tomorrow</title>
		<link>https://ripple.com/insights/swell-2018-kicks-off-tomorrow/</link>
		<pubDate>Sun, 30 Sep 2018 18:36:09 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
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		<category><![CDATA[News]]></category>

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		<description><![CDATA[<p>The world’s leading experts on policy, payments and technology are already converging in San Francisco for Swell by Ripple. In less 24 hours, the event kicks off with President Bill Clinton’s keynote and opening remarks from CEO Brad Garlinghouse. Following these visionaries on stage are some of the biggest names in payments and technology including: &#8230; <a href="https://ripple.com/insights/swell-2018-kicks-off-tomorrow/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-kicks-off-tomorrow/">Swell 2018 Kicks Off Tomorrow</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/swell_whattoexpect.png"><img class="aligncenter size-large wp-image-17125" src="https://cdn.ripple.com/wp-content/uploads/2014/10/swell_whattoexpect-1024x598.png" alt="" width="1024" height="598" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/swell_whattoexpect-1024x598.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/swell_whattoexpect-300x175.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/swell_whattoexpect-768x448.png 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/swell_whattoexpect.png 1201w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>The world’s leading experts on policy, payments and technology are already converging in San Francisco for <a href="https://swell.ripple.com/">Swell by Ripple</a>. In less 24 hours, the event kicks off with President Bill Clinton’s keynote and opening remarks from CEO Brad Garlinghouse.</p>
<p>Following these visionaries on stage are some of the <a href="https://swell.ripple.com/agenda/">biggest names in payments and technology</a> including: Ed Metzger from Banco Santander; Tokunboh Ishmael from Alitheia Capital; Honorable Sunil Sabharwal from the IMF; Colin Dinn from Siam Commercial Bank; Prajit Nanu from InstaReM; and R.J. Pittman, former Chief Product Officer of eBay.</p>
<p>To watch the latest coverage of the event, visit <a href="https://ripple.com/insights/">Insights</a> and follow along on <a href="https://twitter.com/Ripple">Twitter</a>, <a href="https://www.linkedin.com/company/ripple-labs/">LinkedIn</a> or <a href="https://www.facebook.com/ripplepay/">Facebook</a> tomorrow through Wednesday, October 3. Video recaps of sessions will also be available on our <a href="https://www.youtube.com/c/Ripplepay">Youtube channel</a>; make sure to subscribe and keep up to date.</p>
<p><strong>RippleNet Committee ensures healthy network expansion ahead of Swell</strong></p>
<p>On the eve of Swell, representatives from <a href="http://www.bk.mufg.jp/global/">MUFG Bank</a>, <a href="https://www.bofaml.com/content/boaml/en_us/home.html">Bank of America Merrill Lynch</a>, <a href="https://www.westpac.com.au/">WestPac</a>, <a href="https://www.sc.com/en/">Standard Chartered</a>, <a href="https://www.bancosantander.es/es/particulares">Banco Santander</a>, <a href="https://www.scb.co.th/en/personal-banking.html">Siam Commercial Bank</a>, <a href="https://www.americanexpress.com/">American Express</a>, and <a href="http://www.sbigroup.co.jp/english/">SBI</a> met at our headquarters in to discuss the rules that govern RippleNet, our global payments network. These rules are critical to ensuring standardization across the network as it scales rapidly.</p>
<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/RippleNet-Committee.jpg"><img class="aligncenter size-large wp-image-17129" src="https://cdn.ripple.com/wp-content/uploads/2014/10/RippleNet-Committee-1024x559.jpg" alt="" width="1024" height="559" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/RippleNet-Committee-1024x559.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/RippleNet-Committee-300x164.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/RippleNet-Committee-768x420.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a><em>The RippleNet Committee meets before Swell 2018 at Ripple&#8217;s headquarters in San Francisco, California .</em></p>
<p>Together, representatives from these institutions make up the <a href="https://ripple.com/ripplenet-committee/">RippleNet Committee</a>. They gather multiple times per year to ensure the blockchain technology powering instant cross-border payments on RippleNet is complimented by a common framework for operational consistency, faster onboarding and legal clarity for every transaction.</p>
<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Marcus.jpg"><img class="aligncenter size-large wp-image-17127" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Marcus-1024x925.jpg" alt="" width="1024" height="925" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Marcus-1024x925.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Marcus-300x271.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Marcus-768x694.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a><em>Ripple&#8217;s SVP of Customer Success Marcus Treacher gives his opening remarks at the RippleNet Committee meeting.</em></p>
<p>As the network is still new and growing rapidly, the committee makes sure RippleNet maintains efficiency as well as its nimbleness to remain innovative. You can learn more about the RippleNet Committee <a href="https://ripple.com/ripplenet-committee/">here</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-2018-kicks-off-tomorrow/">Swell 2018 Kicks Off Tomorrow</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Siam Commercial Bank Pioneers RippleNet’s “Multi-hop” Feature</title>
		<link>https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/</link>
		<pubDate>Fri, 28 Sep 2018 16:17:29 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17094</guid>
		<description><![CDATA[<p>The inefficient management of global liquidity has long been a hurdle for cross-border payments in all regions across the world. However, this problem is particularly prominent in the Association of South Eastern Asian Nations (ASEAN) region, which has been largely underserved by correspondent banking. As a result, cross-border payments into these countries are inefficient and &#8230; <a href="https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/">Siam Commercial Bank Pioneers RippleNet’s “Multi-hop” Feature</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_300284237.jpg"><img class="aligncenter size-full wp-image-17098" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_300284237.jpg" alt="" width="1000" height="667" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_300284237.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_300284237-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_300284237-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>The inefficient management of global liquidity has long been a hurdle for cross-border payments in all regions across the world. However, this problem is particularly prominent in the Association of South Eastern Asian Nations (ASEAN) region, which has been largely underserved by correspondent banking. As a result, cross-border payments into these countries are inefficient and racked with high fees.</p>
<p>Starting today, <a href="https://www.scb.co.th/en/">Siam Commercial Bank</a> (SCB) will be the first financial institution on RippleNet to pioneer a key feature called “multi-hop”, which allows them to settle frictionless payments on behalf of other financial institutions on the network. This eliminates the need for a direct one-to-one connection (or bilateral relationship) between financial institutions to settle a payment. Using multi-hop, SCB will be able to receive and forward on a payment without a bilateral relationship between the originator and beneficiary institutions.</p>
<p>A lack of a standard integration in ASEAN for regional cross-border payments currently requires expensive work arounds. Neighboring countries relying on the correspondent banking system have to first convert currency into U.S. dollars, then settle across multiple correspondent banks before finally being exchanged to the currency used at the beneficiary institution. This cumbersome process requires numerous fees, including two sets of foreign exchange. As a result, there is little to no support for the low-value payments that small to medium enterprises (SMEs) and remitters need to make.</p>
<p>With multi-hop, financial institutions can connect directly to SCB, which can settle and payout across the region without exchanging currencies multiple times and adding heavy fees. The result is a seamless payments experience into and out of the ASEAN region. For smaller financial institutions which previously did not have the ability to make payments into ASEAN, multi-hop will democratize access to those countries and make payments easier, regardless of payment size or their financial institution’s pool of liquidity.</p>
<p>The benefits of multi-hop go well beyond the financial institutions themselves. Now, the customers of RippleNet institutions, including remitters and SMEs, will see their payments settle faster, cheaper and more transparently. SMEs are estimated to be responsible for up to <a href="https://www.worldbank.org/en/topic/smefinance">60 percent of employment in the developing world</a>, but that number is thought to be as high as 70 percent in ASEAN countries.</p>
<p>For more information or to learn more about how to join RippleNet, <a href="https://ripple.com/contact/">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/siam-commercial-bank-pioneers-ripplenets-multi-hop-feature/">Siam Commercial Bank Pioneers RippleNet’s “Multi-hop” Feature</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple for Good Supports Education and Financial Inclusion with $100 Million Commitment</title>
		<link>https://ripple.com/insights/ripple-for-good-supports-education-and-financial-inclusion-with-100-million-commitment/</link>
		<pubDate>Thu, 27 Sep 2018 14:31:25 +0000</pubDate>
		<dc:creator><![CDATA[Ken Weber]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17074</guid>
		<description><![CDATA[<p>Today, we’re thrilled to announce Ripple for Good, a corporate social impact program that will support mission-driven organizations and initiatives with the potential to expand financial inclusion worldwide. The program will also focus on STEM, FinTech education and financial literacy as key drivers of a new and increasingly inclusive global digital economy. With Ripple for &#8230; <a href="https://ripple.com/insights/ripple-for-good-supports-education-and-financial-inclusion-with-100-million-commitment/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-for-good-supports-education-and-financial-inclusion-with-100-million-commitment/">Ripple for Good Supports Education and Financial Inclusion with $100 Million Commitment</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/rfg_social.jpg"><img class="aligncenter size-full wp-image-17078" src="https://cdn.ripple.com/wp-content/uploads/2014/10/rfg_social.jpg" alt="" width="1000" height="600" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/rfg_social.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/rfg_social-300x180.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/rfg_social-768x461.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a>Today, we’re thrilled to announce <a href="https://ripple.com/ripple-for-good/">Ripple for Good</a>, a corporate social impact program that will support mission-driven organizations and initiatives with the potential to expand financial inclusion worldwide. The program will also focus on STEM, FinTech education and financial literacy as key drivers of a new and increasingly inclusive global digital economy.</p>
<p>With Ripple for Good, Ripple is formalizing the company’s long-term commitment to mission- and business-driven social impact, starting with an additional allocation of of $25 million in giving. This builds on the momentum of more than $80 million in donations that the company has made this year to date.</p>
<p>In education, we’re partnering with leading universities around the world to support increased research and innovation in blockchain, cryptocurrency and FinTech through the <a href="https://ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/">University Blockchain Research Initiative (UBRI)</a>, launched in June.</p>
<p>We recognize the unique role of academia in developing and driving adoption of these new, transformative technologies and we’re excited to support the work already being advanced by faculty and students in the field. We are especially eager to collaborate with universities that are exploring socially impactful use cases for blockchain and cryptocurrency.</p>
<p>We’re also passionate about creating equity and opportunity in education, as demonstrated by our support earlier this year for public school teachers through <a href="https://ripple.com/insights/ripple-executives-proud-support-americas-public-schools-29-million-xrp-donation-donorschoose-org/">DonorsChoose.org</a>.</p>
<p>On financial inclusion, we’re fully aware Ripple for Good is the new kid on the block.</p>
<p>Naturally, there are a number of well-known financial services companies, foundations and nonprofit organizations already hard at work to bring more humans into our shared, but starkly tiered—and often inefficient and inequitable—global financial system. Today, more than two billion people do not participate in the formal financial sector.</p>
<p>We’re optimistic that we can help change this.</p>
<p>We think remittances and microtransactions can be faster, cheaper and more secure. Microloans and financing for small- and medium-sized enterprises—especially those led by women—can be more accessible and affordable. More robust financial services for the poor can be offered seamlessly across borders, currencies and banking systems. The global flow of information and capital for social and environmental good can be streamlined.</p>
<p>With Ripple’s innovative technology and growing global reach, our hope is to bring something new and different to the table to help solve persistent challenges. Our goal is to make the benefits of a revolutionized global payments system more broadly accessible and available to everyone. Two billion underbanked people can become full economic citizens. That’s part of the promise of the Internet of Value.</p>
<blockquote><p><strong>&#8220;We have to stop being self-righteous disruptors and instead focus on building things that solve real world problems. If we focus the blockchain movement on that, over two billion underbanked people can become full economic citizens.&#8221; &#8211;</strong> Chris Larsen, Ripple co-founder and executive chairman.</p></blockquote>
<p>Of course, we’ll encounter a steep learning curve and will look to partners to create and accelerate our impact. One organization we’re fortunate to be able to turn to is RippleWorks, a nonprofit organization co-founded by Chris Larsen and Doug Galen. RippleWorks has a wonderful track record of identifying, funding and rolling up its sleeves to support social ventures across multiple sectors. RippleWorks has a wealth of experience in financial inclusion and we can’t wait to learn from them.</p>
<p>So what’s the bottom line? Simply put, Ripple is a mission-driven company committed to creating positive change across the global economy. Our vision is to enable the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>, a world where money moves like information does today for as many people as possible. This goal guides everything  we do, from technology development to customer deployments to our workplace culture to Ripple for Good, our newest, and in some ways, boldest, endeavor.</p>
<p>To learn more about Ripple for Good, visit our <a href="https://ripple.com/ripple-for-good/">website</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-for-good-supports-education-and-financial-inclusion-with-100-million-commitment/">Ripple for Good Supports Education and Financial Inclusion with $100 Million Commitment</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>PNC Bank Embraces Blockchain and Joins RippleNet</title>
		<link>https://ripple.com/insights/pnc-bank-embraces-blockchain-and-joins-ripplenet/</link>
		<pubDate>Wed, 19 Sep 2018 14:00:19 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17024</guid>
		<description><![CDATA[<p>PNC Bank, a top ten bank in the United States, has joined RippleNet. PNC customers will be able to receive real-time cross-border payments. With more than 8 million customers and retail branches in 19 states, PNC has a diverse set of customers, including consumers, small businesses and large corporates. Ripple’s technology will have an immediate impact &#8230; <a href="https://ripple.com/insights/pnc-bank-embraces-blockchain-and-joins-ripplenet/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/pnc-bank-embraces-blockchain-and-joins-ripplenet/">PNC Bank Embraces Blockchain and Joins RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_175816244.jpg"><img class="aligncenter size-full wp-image-17026" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_175816244.jpg" alt="" width="1000" height="661" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_175816244.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_175816244-300x198.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_175816244-768x508.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p><a href="https://www.pnc.com/en/personal-banking.html?WT.mc_id=BRND_GOOGLE_Search_Search-Brand%3EBRND%20|%20National%20|%20Brand%20-%20E&amp;WT.srch=1&amp;k=pnc%20bank&amp;e=GOOGLE&amp;m=p&amp;gclid=EAIaIQobChMIvrPdq4S73QIVh1p-Ch2b0QV_EAAYASAAEgLXBvD_BwE">PNC Bank</a>, a top ten bank in the United States, has joined RippleNet. PNC customers will be able to receive real-time cross-border payments.</p>
<p>With more than 8 million customers and retail branches in 19 states, PNC has a diverse set of customers, including consumers, small businesses and large corporates. Ripple’s technology will have an immediate impact on each of those groups, enabling PNC’s commercial clients to receive payments from overseas banks in real time.</p>
<p>Now, a commercial client in Pennsylvania receiving a payment from a UK buyer will be able to receive payments against their invoices instantly, transforming the way they manage their accounts receivable and allowing them to better manage their working capital.</p>
<p>The bank joins some of the world’s leading financial institutions on the network, including <a href="https://ripple.com/insights/santander-launches-first-mobile-app-for-global-payments-using-ripples-xcurrent/">Banco Santander</a>, <a href="https://ripple.com/insights/american-express-joins-ripplenet-giving-visibility-and-speed-to-global-commercial-payments/">American Express</a> and the <a href="https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/">SBI led, japan bank consortium</a> to name a few.</p>
<p>The addition of a top U.S. bank like PNC on RippleNet fuels the network’s positive momentum. RippleNet has grown to more than <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">100 financial institutions</a> and continues to expand steadily each month. RippleNet has also recently expanded its reach to over 40 countries and six continents.</p>
<p><a href="https://ripple.com/contact/">Learn more</a> about how to leverage the power of RippleNet.</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/pnc-bank-embraces-blockchain-and-joins-ripplenet/">PNC Bank Embraces Blockchain and Joins RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>RippleNet Now Reaches 40 Countries Improving Remittances and SME Payments</title>
		<link>https://ripple.com/insights/ripplenet-expands-to-40-countries-improving-remittances-and-sme-payments/</link>
		<pubDate>Wed, 19 Sep 2018 14:00:02 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=17028</guid>
		<description><![CDATA[<p>An over 400 percent increase in remittance inflows over the last ten years has sparked new demand for faster, low-cost global payments. Driven by emerging market economies, remittances around the world totaled over 600 billion dollars last year. Across these same regions small- and medium-enterprises (SMEs), propelled by global payment flows, were responsible for nearly &#8230; <a href="https://ripple.com/insights/ripplenet-expands-to-40-countries-improving-remittances-and-sme-payments/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-expands-to-40-countries-improving-remittances-and-sme-payments/">RippleNet Now Reaches 40 Countries Improving Remittances and SME Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_370707026.jpg"><img class="aligncenter size-full wp-image-17032" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_370707026.jpg" alt="" width="1000" height="681" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_370707026.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_370707026-300x204.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_370707026-768x523.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>An over 400 percent increase in remittance inflows over the last ten years has sparked new demand for faster, low-cost global payments. Driven by emerging market economies, remittances around the world <a href="http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data">totaled over 600 billion dollars last year</a>. Across these same regions small- and medium-enterprises (SMEs), propelled by global payment flows, were responsible for nearly <a href="https://www.worldbank.org/en/topic/smefinance">60% of employment</a>.</p>
<p>Ripple has been at the forefront of addressing this need for both the expanding global remittance market and growing SMEs in emerging economies.</p>
<p>As of today, RippleNet is active in over 40 countries across six continents. New payment corridors have opened up in North America, Asia, Africa, Europe and South America. This provides new access to better international payment services in markets where remitters and SMEs are in the most need.</p>
<p>What’s more, RippleNet’s newest corridors have a combined potential market that totals over <a href="http://pubdocs.worldbank.org/en/705611533661084197/bilateralremittancematrix2017-Apr2018.xlsx">$2 Billion in inflows</a> over the last year:</p>
<ul>
<li><a href="https://www.instarem.com/">InstaReM</a> and <a href="https://www.rationalfx.com/">RationalFX</a> opened up new corridors from the United Kingdom to Malaysia, Vietnam, Indonesia, Sri Lanka and Bangladesh.</li>
<li><a href="https://www.remitr.com/">Remitr</a> and <a href="https://www.flutterwave.com/">FlutterWave</a> established a RippleNet corridor to Nigeria from Canada, the first connection on RippleNet in Africa.</li>
<li><a href="https://www.beetech.global/en.html">BeeTech</a> and InstaReM created corridors from Brazil to Spain, Italy, Germany, France and Portugal.</li>
</ul>
<p>This year alone, global remittances are expected to reach <a href="http://www.worldbank.org/en/news/press-release/2018/04/23/record-high-remittances-to-low-and-middle-income-countries-in-2017">$642 billion</a>. This is more than three times the <a href="http://www.pewresearch.org/fact-tank/2018/01/29/remittances-from-abroad-are-major-economic-assets-for-some-developing-countries/">official government aid received worldwide in 2017</a>. There is no doubt that access to faster, more reliable and lower cost international payments services offers a lifeline for tens of millions of the world’s poor.</p>
<p>For growing SMEs in many of these markets, it is difficult to secure the financing need to hire quickly and buy materials and equipment. A credit gap estimated at <a href="https://www.forbes.com/sites/montymunford/2018/06/12/global-smes-set-to-benefit-from-blockchain-based-financial-services-marketplace/#8f183cca6ffd">over $1.2 trillion</a> is already slowing their growth and hampering economic progress.</p>
<p>Any further friction, due to unnecessary delays in sending and receiving payments abroad, derails an SME’s plans to expand or worse, it puts them out of business entirely. This is precisely why demand for services, like those provided through RippleNet, are so high.</p>
<p>RippleNet provides financial institutions that handle remittances and SME transactions in emerging markets a <a href="https://ripple.com/insights/ripplenet-offers-smes-a-competitive-advantage-in-global-payments/">unique advantage</a>, by streamlining their payment flows making them faster, more transparent and cheaper.</p>
<p>Remitters and SMEs across the world, and particularly in emerging markets, are no longer hampered by an inefficient global payments infrastructure. Transactions on RippleNet are instant and tracked end-to-end, allowing money to move across borders and into new markets without impediment.</p>
<p><a href="https://ripple.com/contact/">Contact us</a> to learn more about the technology behind RippleNet or to find out how to join.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-expands-to-40-countries-improving-remittances-and-sme-payments/">RippleNet Now Reaches 40 Countries Improving Remittances and SME Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>National Commercial Bank of Saudi Arabia Joins RippleNet</title>
		<link>https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/</link>
		<pubDate>Fri, 14 Sep 2018 04:28:49 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16995</guid>
		<description><![CDATA[<p>For the last ten years the Kingdom of Saudi Arabia has been one of the largest sources of remittances in the world. According to the World Bank, 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016. This massive market is primarily comprised of &#8230; <a href="https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/">National Commercial Bank of Saudi Arabia Joins RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_1022539873.jpg"><img class="aligncenter size-full wp-image-16997" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_1022539873.jpg" alt="" width="1000" height="664" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_1022539873.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_1022539873-300x199.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_1022539873-768x510.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>For the last ten years the Kingdom of Saudi Arabia has been one of the largest sources of remittances in the world. According to the <a href="http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data">World Bank</a>, 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016.</p>
<p>This massive market is primarily comprised of Kingdom of Saudi Arabia citizens and foreign workers who in 2018 numbered over <a href="https://www.bloomberg.com/news/articles/2018-07-09/expatriate-workers-are-leaving-saudi-arabia-in-droves">10 million</a>. Additionally, both large corporates and small to medium enterprises (SMEs) are responsible for significant payment volume. SMEs in particular have been highlighted by the <a href="http://english.alarabiya.net/en/business/economy/2017/09/18/Small-and-medium-enterprises-Pulse-of-the-Saudi-economy.html">Kingdom of Saudi Arabia government as crucial for future economic growth</a>. Today these groups are served primarily by domestic financial institutions.</p>
<p>Following Ripple’s recent pilot with the <a href="https://ripple.com/insights/ripple-and-saudi-arabian-monetary-authority-offer-pilot-program-for-saudi-banks/">Saudi Arabian Monetary Authority</a>, the <a href="https://www.alahli.com/en-us/about-us/corporate-profile/pages/ncb-overview.aspx">National Commercial Bank (NCB)</a> has joined RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4 million customers worldwide.</p>
<p>NCB will connect to other financial institutions around the world through RippleNet. Ripple’s blockchain technology also provides their customers with faster and more transparent international payment services. The bank will first connect to financial institutions in North America and Asia, starting in Singapore. Launching these two critical payments corridors out of the gate offers immediate value to NCB’s customers — services in regions that they have not had access to before.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/NCB-and-Ripple.jpg"><img class="aligncenter size-full wp-image-16998" src="https://cdn.ripple.com/wp-content/uploads/2014/10/NCB-and-Ripple.jpg" alt="" width="914" height="602" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/NCB-and-Ripple.jpg 914w, https://cdn.ripple.com/wp-content/uploads/2014/10/NCB-and-Ripple-300x198.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/NCB-and-Ripple-768x506.jpg 768w" sizes="(max-width: 914px) 100vw, 914px" /></a></p>
<p>Since its foundation in 1953, NCB has been a financial leader in the country and region, serving both people residing in the Kingdom of Saudi Arabia and across the world. Today they have 400 branches across the country and are the second largest bank in the Middle East by total assets. Their decision to join RippleNet is an innovative step forward in blockchain adoption in both the Kingdom of Saudi Arabia and across the Middle East.</p>
<p>As more banks in the Kingdom of Saudi Arabia and the Middle East connect to RippleNet, their customers — real people and families across the world — will ultimately benefit. For SMEs and corporations that depend on NCB, more efficient and transparent remittances will provide stability and help them grow their business faster.</p>
<p>NCB will be in production on RippleNet by the end of Q4 2018.</p>
<p>For more information on learn how to leverage the power of RippleNet <a href="https://ripple.com/contact/">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/">National Commercial Bank of Saudi Arabia Joins RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>President Bill Clinton and Counting Crows Headline Swell 2018</title>
		<link>https://ripple.com/insights/president-bill-clinton-and-counting-crows-headline-swell-2018/</link>
		<pubDate>Fri, 07 Sep 2018 17:23:40 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16973</guid>
		<description><![CDATA[<p>Swell by Ripple is the only event today where blockchain, finance and policy converge — a meeting ground for more than five hundred industry experts committed to changing the way money moves around the world. Swell’s provocative program kicks off on day one with a keynote by President Bill Clinton. Leaders from global banks, including &#8230; <a href="https://ripple.com/insights/president-bill-clinton-and-counting-crows-headline-swell-2018/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/president-bill-clinton-and-counting-crows-headline-swell-2018/">President Bill Clinton and Counting Crows Headline Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/cc_insights-e1536336620623.png"><img class="aligncenter size-large wp-image-16983" src="https://cdn.ripple.com/wp-content/uploads/2014/10/cc_insights-1024x512.png" alt="" width="1024" height="512" /></a></p>
<p><a href="https://swell.ripple.com">Swell by Ripple</a> is the only event today where blockchain, finance and policy converge — a meeting ground for more than five hundred industry experts committed to changing the way money moves around the world.</p>
<p>Swell’s provocative program kicks off on day one with a keynote by <a href="https://ripple.com/insights/president-bill-clinton-keynotes-swell-2018/">President Bill Clinton</a>. Leaders from global banks, including <a href="https://www.santanderbank.com/us/personal">Banco Santander</a> and <a href="https://www.scb.co.th/en/personal-banking.html">Siam Commercial Bank</a>, also take center stage to share how Ripple’s blockchain technology has opened up new opportunities in remittances around the world. Innovators in international payments — <a href="http://www.cuallix.com/en/">Cuallix</a> <a href="https://www.idt.net/">IDT</a>, <a href="https://www.instarem.com/">InstaRem</a> and <a href="https://www.beetech.global/en.html">BeeTech</a> — end the day with sessions on topics ranging from cheaper and faster payments through RippleNet to digital asset adoption across the financial services industry.</p>
<p>Of note on day two, Amy Radin, author and Fortune 100 chief innovation officer, Ben Braybn, head of Level39, and Tokunboh Ishmael, chairwoman of the African Venture Capital Association and managing director and founder of Alitheia Capital, sit down to discuss how they embraced disruptive technology as part of their organizational ethos with moderator Ripple SVP of Business and Corporate Development <a href="https://ripple.com/company/leadership/#kahina">Kahina Van Dyke</a>.</p>
<p>In addition to the program, attending customers will be able to connect directly with one another to establish new corridors and services with RippleNet. A “lightning round” session is dedicated to giving attendees the opportunity to explore these partnerships.</p>
<p>Ripple’s Blockchain Innovator Awards at Swell 2018 will also honor customers. These awards recognize thought leaders and first-movers within RippleNet — the people and companies that are using blockchain to remove friction from global payments.</p>
<p>Finally, Ripple is throwing a special customer celebration featuring <a href="http://countingcrows.com/">Counting Crows</a>, the award-winning rock band from Berkeley, CA, on the evening of October 1st.</p>
<p>Swell 2018 brings customer and their stories to the forefront and helps create new connections among them. The future of global payments is being shaped and built by these outstanding companies and individuals.</p>
<p>The event is less than a month away. For more information, please visit the <a href="https://swell.ripple.com/">Swell website</a> and stay tuned over the coming weeks for more updates.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/president-bill-clinton-and-counting-crows-headline-swell-2018/">President Bill Clinton and Counting Crows Headline Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ask Me Anything with Brad and Cory</title>
		<link>https://ripple.com/insights/ask-me-anything-with-brad-and-cory/</link>
		<pubDate>Wed, 22 Aug 2018 21:56:00 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[AMA]]></category>
		<category><![CDATA[Brad Garlinghouse]]></category>
		<category><![CDATA[Cory Johnson]]></category>
		<category><![CDATA[Ripple]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16918</guid>
		<description><![CDATA[<p> Watch this recording of CEO Brad Garlinghouse being interviewed by Chief Market Strategist Cory Johnson. It aired on Wednesday August 22, 2018 at 3pm (PT). A transcript of their conversation will be available shortly.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-me-anything-with-brad-and-cory/">Ask Me Anything with Brad and Cory</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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<div></div>
<p>Watch this recording of CEO Brad Garlinghouse being interviewed by Chief Market Strategist Cory Johnson. It aired on Wednesday August 22, 2018 at 3pm (PT).</p>
<p>A transcript of their conversation will be available shortly.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-me-anything-with-brad-and-cory/">Ask Me Anything with Brad and Cory</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>xRapid Brings on Three New Exchange Partners</title>
		<link>https://ripple.com/insights/xrapid-brings-on-three-new-exchange-partners/</link>
		<pubDate>Thu, 16 Aug 2018 14:00:10 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16911</guid>
		<description><![CDATA[<p>xRapid, Ripple’s cross border payments product that minimizes liquidity costs, is powered by the superior speed, low transaction cost and scalability of the digital asset XRP. But for xRapid to be most successful, there needs to be a healthy ecosystem of digital asset exchange partners around the world. These exchanges allow xRapid payments to move &#8230; <a href="https://ripple.com/insights/xrapid-brings-on-three-new-exchange-partners/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrapid-brings-on-three-new-exchange-partners/">xRapid Brings on Three New Exchange Partners</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_712110304.jpg"><img class="aligncenter size-full wp-image-16914" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_712110304.jpg" alt="" width="1000" height="666" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_712110304.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_712110304-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_712110304-768x511.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p><a href="https://ripple.com/solutions/source-liquidity/">xRapid</a>, Ripple’s cross border payments product that <a href="https://ripple.com/insights/liquidity-explained/">minimizes liquidity costs</a>, is powered by the superior speed, low transaction cost and scalability of the digital asset <a href="https://ripple.com/xrp/">XRP</a>. But for xRapid to be most successful, there needs to be a healthy ecosystem of digital asset exchange partners around the world. These exchanges allow xRapid payments to move from one currency &#8211; into XRP &#8211; and back into another currency quickly and efficiently.</p>
<p>Today, we’re pleased to announce Bittrex will act as the preferred digital asset exchange for xRapid transactions that move through US Dollars. In addition, Bitso and Coins.ph will be preferred for Mexican Pesos and Philippine Pesos, respectively.</p>
<p>Here’s what a xRapid payment flow will look like from the U.S. to Mexico:</p>
<ol>
<li>A financial institution, that has an account with Bittrex, initiates a payment in US dollars via xRapid which is instantly converted into XRP on Bittrex.</li>
<li>The payment amount in XRP is settled over the XRP Ledger.</li>
<li>Bitso &#8211; through its Mexican Peso liquidity pool &#8211; instantly converts the XRP into fiat, which is then settled into a destination bank account.</li>
</ol>
<p>“Bittrex is one of the biggest names in digital asset trading in the U.S. The same goes for Bitso in Mexico and Coins.ph in the Philippines. That makes today’s announcement an important development for xRapid,” said Cory Johnson, Chief Market Strategist at Ripple. “We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”</p>
<p>“We are excited to be partnering with Ripple to bring the benefits of blockchain technology to cross-border payments, making sending money home more affordable for 10M+ overseas filipino workers”, says Ron Hose, CEO of South East Asia’s e-wallet and financial services company, Coins.ph.</p>
<p>In May, Ripple announced that <a href="https://ripple.com/insights/first-pilot-results-for-xrapid/">financial institutions piloting xRapid saved 40-70% on average</a> compared to traditional foreign exchange brokers who facilitate cross-border payments. The payments also settled in two minutes or less compared to two to three days from traditional methods.</p>
<p>For more information on Ripple’s solutions or to learn more about becoming an xRapid partner <a href="https://ripple.com/contact/">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrapid-brings-on-three-new-exchange-partners/">xRapid Brings on Three New Exchange Partners</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>President Bill Clinton Keynotes Swell 2018</title>
		<link>https://ripple.com/insights/president-bill-clinton-keynotes-swell-2018/</link>
		<pubDate>Tue, 31 Jul 2018 16:00:18 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16880</guid>
		<description><![CDATA[<p>Today, we’re thrilled to announce 42nd President of the United States Bill Clinton as the keynote speaker for Swell – where the world’s leaders in policy, payments and technology connect. At a time when groundbreaking technology and regulation were often on a collision course, President Clinton helped usher in a period of extreme growth and &#8230; <a href="https://ripple.com/insights/president-bill-clinton-keynotes-swell-2018/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/president-bill-clinton-keynotes-swell-2018/">President Bill Clinton Keynotes Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/BC_insights.png"><img class="aligncenter size-large wp-image-16882" src="https://cdn.ripple.com/wp-content/uploads/2014/10/BC_insights-1024x513.png" alt="" width="1024" height="513" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/BC_insights-1024x513.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/BC_insights-300x150.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/BC_insights-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>Today, we’re thrilled to announce 42nd President of the United States Bill Clinton as the keynote speaker for <a href="https://swell.ripple.com/">Swell</a> – where the world’s leaders in policy, payments and technology connect.</p>
<p>At a time when groundbreaking technology and regulation were often on a collision course, President Clinton helped usher in a period of extreme growth and adoption of the Internet, shaping what it is today. He also established programs that bridged the “digital divide” and brought new technology to underserved communities around the world.</p>
<p>These learnings are perhaps more relevant now than ever before. Like the Internet boom of the 90’s, we are at an impasse: digital assets and blockchain technology offer a way for <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">value to be exchanged as quickly as information</a> – creating more financial inclusion and economic opportunity. However, with this new technology comes potential for concern, requiring thoughtful policy to protect consumers from risk without hampering innovation.</p>
<p>Gene Sperling, National Economic Council Director and Advisor under Presidents Clinton and Obama, will moderate a Q&amp;A with President Clinton during the keynote address.</p>
<p>This year’s Swell program will also feature:</p>
<ul>
<li>Financial services companies using blockchain technology in production</li>
<li>New market opportunity in remittances, e-commerce and corporate marketplaces</li>
<li>Frameworks for regulating digital assets across Europe, Asia and the Middle East</li>
</ul>
<p>The Swell 2018 conference is located in our hometown of San Francisco, California from Monday, October 1 to Tuesday, October 2. For more information, we encourage you to visit the <a href="https://swell.ripple.com/">Swell website</a> and stay tuned over the coming weeks for updates on this dynamic line-up.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/president-bill-clinton-keynotes-swell-2018/">President Bill Clinton Keynotes Swell 2018</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need</title>
		<link>https://ripple.com/insights/ripple-and-raising-malawi-launch-campaign-to-sponsor-children-in-need/</link>
		<pubDate>Mon, 30 Jul 2018 14:04:31 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16872</guid>
		<description><![CDATA[<p>In emerging markets, it’s the people — many times children — who have the cards stacked against them, whether it’s being left behind by the current financial, education or healthcare systems. That’s why, today, we’re excited to kickstart a month-long campaign in partnership with non-profit Raising Malawi to raise funds for orphans and vulnerable children &#8230; <a href="https://ripple.com/insights/ripple-and-raising-malawi-launch-campaign-to-sponsor-children-in-need/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-and-raising-malawi-launch-campaign-to-sponsor-children-in-need/">Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_619717934.jpg"><img class="aligncenter size-full wp-image-16874" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_619717934.jpg" alt="" width="1000" height="667" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_619717934.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_619717934-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_619717934-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>In emerging markets, it’s the people — many times children — who have the cards stacked against them, whether it’s being left behind by the current financial, education or healthcare systems.</p>
<p>That’s why, today, we’re excited to kickstart a month-long campaign in partnership with non-profit <a href="http://www.raisingmalawi.org/about-us/#ourimpact">Raising Malawi</a> to raise funds for orphans and vulnerable children across the southeast African country. From July 30 through August 31, Ripple will match all public donations in support of the cause and help individuals sponsor children directly through <a href="https://www.facebook.com/madonna">Facebook</a>.</p>
<p>“We’re honored to be a part of Raising Malawi’s amazing work with some of the world’s most underserved children and are grateful to our investors at Sound Ventures for making the introduction to us and this important cause,” said Eric van Miltenburg, SVP of Business Operations at Ripple.</p>
<p>Nearly one million children in Malawi have lost one or both parents to HIV/AIDs, leaving them orphaned or without anyone to care for them.</p>
<p>Since 2006, Raising Malawi has served these children — more than 10,000 — through direct healthcare services and educational support, including materials, classes and funding scholarships. Raising Malawi has also helped establish the first pediatric surgery and intensive care unit in the country.</p>
<p>The non-profit was founded on the belief that vulnerable children deserved more than to “just survive.” It works with local partners on the ground to create opportunities for children to learn, grow and transform their futures.</p>
<p>Ripple and its executive team care deeply about giving back and eliminating barriers that keep marginalized populations from being a part of our global community. This means fostering programs for financial inclusion, improving access to fundamental human services, empowering teachers and supporting primary education, and promoting environmental literacy and conservation. This recent donation to Raising Malawi is just one such example of how we invest in causes that exemplify this philosophy.</p>
<p>With your support, we can help Raising Malawi provide critical healthcare services and educational opportunities for children across the country. Learn how you can sponsor a child today and become part of <a href="https://www.facebook.com/madonna">this important campaign</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-and-raising-malawi-launch-campaign-to-sponsor-children-in-need/">Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Q2 2018 XRP Markets Report</title>
		<link>https://ripple.com/insights/q2-2018-xrp-markets-report/</link>
		<pubDate>Tue, 24 Jul 2018 15:00:01 +0000</pubDate>
		<dc:creator><![CDATA[Miguel Vias]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16837</guid>
		<description><![CDATA[<p>By Cory Johnson &#38; Miguel Vias Ripple sells $73.53 million in XRP amidst low volatility in Q2 2018 $73.53 million XRP sold Ripple sales volume accounted for 0.125 percent of global XRP volume Three billion XRP released out of cryptographic escrow, 2.7 billion XRP returned to escrow In Q2 2018, the company sold $56.66 million &#8230; <a href="https://ripple.com/insights/q2-2018-xrp-markets-report/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q2-2018-xrp-markets-report/">Q2 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p>By Cory Johnson &amp; Miguel Vias</p>
<p><strong>Ripple sells $73.53 million in XRP amidst low volatility in Q2 2018</strong></p>
<ul>
<li>$73.53 million XRP sold</li>
<li>Ripple sales volume accounted for 0.125 percent of global XRP volume</li>
<li>Three billion XRP released out of cryptographic escrow, 2.7 billion XRP returned to escrow</li>
</ul>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/TableNEWNEW.png"><img class="aligncenter wp-image-16864 size-medium" src="https://cdn.ripple.com/wp-content/uploads/2014/10/TableNEWNEW-300x212.png" alt="" width="300" height="212" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/TableNEWNEW-300x212.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/TableNEWNEW-768x544.png 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/TableNEWNEW.png 914w" sizes="(max-width: 300px) 100vw, 300px" /></a></p>
<p>In Q2 2018, the company sold $56.66 million XRP programmatically. This represented 0.125 percent, or 12.5 basis points of the total XRP volume traded globally in the second quarter.</p>
<p>In addition, XRP II, LLC — a Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $16.87 million XRP in direct sales. In total, the company sold $73.53 million in Q2.</p>
<p>XRP was notably less volatile in Q2 and XRP’s 9.0 percent price decline was in line with bitcoin’s 8.2 percent decline. Despite the tepid environment, the company’s XRP sales proved to be a drop in the bucket of an XRP market that traded $45.35 billion.</p>
<p>&nbsp;</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph1-e1532393752943.png"><img class="aligncenter size-large wp-image-16842" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph1-1024x549.png" alt="" width="1024" height="549" /></a></p>
<p><strong>Q2 Escrow Activity</strong></p>
<p>In Q4 2017, Ripple locked up 55 billion XRP in a <a href="https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/">cryptographically-secured escrow account</a>. Due to the lockup, Ripple has access to only 13 percent of the total XRP in circulation.</p>
<p>In Q2 2018, XRP was again released out of escrow. 3 billion XRP was released out of escrow (1 billion each month). 2.7 billion XRP was subsequently put into new escrow contracts.</p>
<p>The remaining 300 million XRP not returned to escrow is being used in a variety of ways to help support the XRP ecosystem.</p>
<p><strong>New Entrants</strong></p>
<p>Q2 brought several significant new entrants into the XRP ecosystem, such as <a href="https://medium.com/coil/coil-building-a-new-business-model-for-the-web-d33124358b6">Coil</a>, a new venture led by Stefan Thomas that will use XRP for various micropayments applications, such as facilitating “bite-sized” purchases of media.</p>
<p>Additionally, Scooter Braun, entertainment talent manager, entrepreneur and founder of <a href="http://scooterbraun.com/">SB Projects</a>, is pursuing several endeavors that will use XRP to improve artists’ ability to monetize and manage their content.</p>
<p>Both of these new entrants have support from <a href="https://ripple.com/insights/welcome-to-xpring/">Xpring</a>, a new initiative by Ripple that will work with companies and projects run by proven entrepreneurs that are building out the XRP ecosystem.</p>
<p><strong>Market Commentary</strong></p>
<p>The total market capitalization of all digital assets started the year at $603.7 billion but by mid-year — despite the issuance of hundreds of new ICO “coins” — had declined to $254.7 billion.</p>
<p>During Q2, the XRP market also slowed considerably, compared to the prices and volumes we saw in Q4 2017 and Q1 2018.</p>
<p>This slowing could be attributed to the ongoing concern around regulation, both in the U.S. and around the globe. Despite the SEC announcing in June that they <a href="https://www.coindesk.com/sec-official-ether-is-not-a-security/">don’t consider ether a security</a>, there wasn’t a meaningful and sustained bump in volume or price of any digital asset, including XRP.</p>
<p>The decline in both volume and price was consistent across the majority of digital assets, as many moved with tight correlation.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph2-e1532393900580.png"><img class="aligncenter size-large wp-image-16841" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph2-1024x535.png" alt="" width="1024" height="535" /></a></p>
<p>The tight correlation is indicative of a market that is still in its infancy. Traders have yet to distinguish among the intrinsic values of the best known digital assets. As the industry matures and decides what it deems most useful and valuable, we should expect to see more separation.</p>
<p>When we drilled down further to specific assets, we saw some slight variation. XRP performed in line with bitcoin (-9.0 percent vs. -8.2 percent), while widely traded digital assets ether and bitcoin cash outperformed, up 14.8 percent and 9.3 percent.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph3-e1532394003855.png"><img class="aligncenter size-large wp-image-16840" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph3-1024x501.png" alt="" width="1024" height="501" /></a></p>
<p>It’s also important to note that despite Ripple having its best quarter ever in Q2 — in terms of customers signed — XRP’s price continued to decline with those of other digital assets, underscoring XRP’s independence from Ripple.</p>
<p>Also notable in the contraction of the market was the lessening influence of South Korean trading. South Korea had dominated digital asset trading, on some days accounting for nearly 70 percent of global volume. But by the end of the second quarter, South Korea’s trading had fallen to fourth in global share. Several <a href="https://www.cnbc.com/2018/06/19/south-korea-crypto-exchange-bithumb-says-it-was-hacked-coins-stolen.html">prominent exchange hacks in South Korea</a>, along with overall fatigue from traders, may have contributed to the recent fall.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph4-e1532394050626.png"><img class="aligncenter size-large wp-image-16839" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph4-1024x608.png" alt="" width="1024" height="608" /></a></p>
<p>Speculative traders drove volatility to 13.8 percent in Q4 2017, but as retail investing in digital assets subsided in Q2 2018, XRP volatility also abated — falling to 5.7 percent. It was the lowest volatility XRP has seen since Q4 2016. The highest XRP volatility, as it happens, was not Q4 2017, but Q2 2017 when XRP volatility hit 22.3 percent. The decline in volatility was accompanied, chicken and egg style, by a decline in volume.</p>
<p>That lower volume notwithstanding, a number of the largest firms in finance made a series of announcements about moving into the space:</p>
<ul>
<li><a href="http://fortune.com/2018/05/02/goldman-sachs-cryptocurrency-trading-desk/">Goldman Sachs</a> announced plans to start a digital asset trading desk.</li>
<li><a href="http://www.businessinsider.com/jpmorgan-ask-oliver-harris-to-explore-cryptocurrency-strategy-2018-5">JP Morgan</a> named a head of “crypto-asset strategy.”</li>
<li><a href="https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html">Nasdaq’s</a> CEO Adena Friedman said it would consider becoming a crypto exchange.</li>
<li><a href="https://www.barrons.com/articles/fidelity-eyes-digital-asset-exchange-1528318459">Fidelity</a> said it was building a digital asset exchange.</li>
<li><a href="https://www.finextra.com/newsarticle/32100/nomura-bids-to-create-institutional-grade-custody-offering-for-digital-assets">Nomura</a> became the first bank to offer custody services for digital assets.</li>
</ul>
<p>These announcements are nascent efforts but seem to indicate widespread interest in digital assets from the largest names in finance. However, it’s important to note that these are announcements — they have yet to lead to meaningful institutional crypto trading. Nevertheless, it’s clear that financial institutions are beginning to build crypto divisions and establish technological solutions to take advantage of the opportunity at hand.</p>
<p>Last quarter’s (Q1 2018) XRP market report can be found <a href="https://ripple.com/insights/q1-2018-xrp-markets-report/">here</a>.</p>
<p><em>XRP II, LLC is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.</em></p>
<p><em>Correction: An earlier version of the post stated that total sales of XRP was $75.53 million. This was not accurate. We have updated the post to reflect the correct number: $73.53 million.</em></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q2-2018-xrp-markets-report/">Q2 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ask Me Anything with David Schwartz and Asheesh Birla</title>
		<link>https://ripple.com/insights/ask-anything-david-asheesh/</link>
		<pubDate>Fri, 13 Jul 2018 21:51:27 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
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		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16820</guid>
		<description><![CDATA[<p>Watch this live recording of Ripple&#8217;s new CTO David Schwartz being interviewed by SVP of Product Asheesh Birla. The interview will cover David&#8217;s new role and include questions sourced directly from the community.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-anything-david-asheesh/">Ask Me Anything with David Schwartz and Asheesh Birla</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<div class="video-container"><iframe width="560" height="315" src="https://www.youtube.com/embed/ncPmSDR-UTI" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe></div>
<p>Watch this live recording of Ripple&#8217;s new CTO David Schwartz being interviewed by SVP of Product Asheesh Birla. The interview will cover David&#8217;s new role and include questions sourced directly from the community.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-anything-david-asheesh/">Ask Me Anything with David Schwartz and Asheesh Birla</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Welcomes Kahina Van Dyke as Senior Vice President in Business and Corporate Development</title>
		<link>https://ripple.com/insights/welcomes-kahina-van-dyke/</link>
		<pubDate>Wed, 11 Jul 2018 14:00:31 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
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		<category><![CDATA[News]]></category>

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		<description><![CDATA[<p>&#160; Ripple is thrilled to have Kahina Van Dyke join our leadership team as the new senior vice president of business and corporate development. With more than 20 years of experience in banking and technology, Van Dyke will focus on driving new, strategic partnerships for Ripple across the global financial services industry. Throughout her career, Van &#8230; <a href="https://ripple.com/insights/welcomes-kahina-van-dyke/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/welcomes-kahina-van-dyke/">Ripple Welcomes Kahina Van Dyke as Senior Vice President in Business and Corporate Development</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Kahina_Van_Dyke_2176HRb.jpg"><img class="aligncenter size-large wp-image-16777" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Kahina_Van_Dyke_2176HRb-1024x683.jpg" alt="" width="1024" height="683" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Kahina_Van_Dyke_2176HRb-1024x683.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Kahina_Van_Dyke_2176HRb-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Kahina_Van_Dyke_2176HRb-768x512.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">Ripple is thrilled to have <a href="https://ripple.com/company/leadership/#kahina">Kahina Van Dyke</a> join our leadership team as the new senior vice president of business and corporate development.</span> With more than 20 years of experience in banking and technology, Van Dyke will focus on driving new, strategic partnerships for Ripple across the global financial services industry.</p>
<p>Throughout her career, Van Dyke has proven that financial services and technology, when working together, can dramatically improve the lives of people, businesses and communities all around the world.</p>
<p>Her time leading global teams within the traditional financial services industry &#8212; most notably at Mastercard and Citibank &#8212; has afforded her insight into how sophisticated risk mitigation and compliance frameworks enable more reliable, timely services. Most recently, at Facebook, Van Dyke led the Global Financial Services team, and saw first hand the power of technology in connecting people around the world to financial services they never had before.</p>
<p>She also understands the importance of bringing leading brands together through partnerships.  Van Dyke has forged relationships between Facebook and many notable companies &#8212; Citibank, PayPal, TD Ameritrade, Visa, Western Union and others &#8212; to give people in Asia, Europe, Middle East, Africa, and North America easier access to their bank accounts and the ability to send payments on the platform. She also led the partnership with MasterCard to offer micro-merchants in Africa the ability to enable digital payments through the social media platform. The culmination of these kinds of initiatives has led to better consumer experiences, emerging business models and new distribution channels across more than 50 countries.</p>
<p>We sat down with the newest Rippler to learn more:</p>
<p><strong>Ripple:</strong> You’ve spent your career working to improve access to and delivery of financial services worldwide. What do you think is the most challenging issue in payments today?</p>
<p><strong>Van Dyke:</strong> There is a reason you have only a handful of major money transfer operators in the world today. Without question, cross-border transactions is one of the most complex and multifaceted problem in payments.</p>
<p>In highly developed markets, and emerging markets, fragmentation in technology across financial services infrastructure slows down and prevents greater efficiency in cross-border money transfers.</p>
<p>The correspondent banking networks underpinning today’s global payments were built nearly 40 years ago and designed to accommodate large, corporate payments. It was an efficient tool for moving these types of payments in the 1960’s and 1970’s, but the reality is that most of these legacy platforms no longer meet the real-time needs of business today. Companies and individuals need to move small and large amounts of money faster and at lower cost, and they need a system that is more nimble and transparent than one built for the large the corporate payouts of decades past.</p>
<p>Further, ever-changing regulatory regimes need a way to talk to each other. There are more than 20,000 different payments corridors from Argentina to Zimbabwe, and each comes with unique set of requirements that must be addressed.</p>
<p>No doubt banks and other financial institutions have world-class regulatory, compliance and risk management capabilities. Companies like Facebook have improved access to services, digitized payment flows and made it quicker and easier for people to transact with each other domestically. Now we need a new global technology solution for international payments that offers interoperability with existing systems, connecting them and leveraging their value.</p>
<p>We are at the very tip of where this whole thing is going.</p>
<p><strong>Ripple:</strong> Why did you join Ripple?</p>
<p><strong>Van Dyke:</strong> Ripple provides a real solution for eliminating the friction in cross-border payments, and it’s delivering value to real customers right now.</p>
<p>Ripple’s approach is not just disruption for the sake of disruption. Ripple is built around establishing partnerships and applying technology to change an industry. I think that is a really powerful message.</p>
<p>It’s why over 100 financial institutions work with Ripple, and will continue to do so. It’s why Ripple has some of the world’s most notable partners, both traditional banks as well as newer fintech players.</p>
<p>In my career, I have found that the most powerful solutions are often discovered when partners recognize the unique value the other party offers. It is in this intersection &#8212; of value and a respect for each other’s unique capabilities &#8212; where the best partnerships are born.</p>
<p>Ripple also has an eye toward the future: the potential global impact that a faster, more efficient and cost-effective global payments network can have on people and businesses around the world.</p>
<p>Ripple offers a compelling opportunity to be a transformative force for good in the world of money movement. Together, with our partners, we can reduce friction and deliver better options for individuals, businesses and financial institutions. It’s an exciting time in the industry &#8212; and I feel very fortunate to be a part of creating the next generation of global payments.</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/welcomes-kahina-van-dyke/">Ripple Welcomes Kahina Van Dyke as Senior Vice President in Business and Corporate Development</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Two Big Changes to Our Leadership Team</title>
		<link>https://ripple.com/insights/two-big-changes-leadership-team/</link>
		<pubDate>Wed, 11 Jul 2018 14:00:04 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16805</guid>
		<description><![CDATA[<p>As Ripple grows and evolves, so does our leadership team. That’s why today we are excited to announce two big changes. David Schwartz, who previously served as Ripple’s chief cryptographer, has been appointed to chief technology officer (CTO). Separately, Kahina Van Dyke has joined Ripple as our senior vice president, Business and Corporate Development. With &#8230; <a href="https://ripple.com/insights/two-big-changes-leadership-team/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/two-big-changes-leadership-team/">Two Big Changes to Our Leadership Team</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_794460844.jpg"><img class="aligncenter size-full wp-image-16807" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_794460844.jpg" alt="" width="1000" height="662" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_794460844.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_794460844-300x199.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_794460844-768x508.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>As Ripple grows and evolves, so does our leadership team. That’s why today we are excited to announce two big changes. David Schwartz, who previously served as Ripple’s chief cryptographer, has been appointed to chief technology officer (CTO). Separately, Kahina Van Dyke has joined Ripple as our senior vice president, Business and Corporate Development.</p>
<p>With a business that spans across many verticals — including cryptography, financial services, payments and blockchain — we’re always looking for talented leaders with diverse backgrounds. Sometimes those individuals are already at the company, sometimes they are not.</p>
<p>“David and Kahina exemplify success. At every step in their careers, they have shown the type of leadership qualities and business prowess that will be instrumental as Ripple continues to grow,” said Brad Garlinghouse, CEO of Ripple. “This is a fantastic duo that showcases the two sides of Ripple. David is a world renowned leader in the blockchain and digital asset world, and Kahina is a seasoned veteran in the traditional banking and financial services industries.”</p>
<p>Schwartz will be responsible for Ripple’s technical strategy and development. His work will focus on improving the reach and volume of transactions across RippleNet through enhancements to Ripple’s product suite, in particular <a href="https://ripple.com/solutions/process-payments/">xCurrent</a> and <a href="https://ripple.com/solutions/send-payments/">xVia</a>. He’ll work across teams to support the company’s <a href="https://ripple.com/insights/first-pilot-results-for-xrapid/">recent pilot</a> efforts for <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a>, helping to more quickly transition financial institutions into full-fledged production.</p>
<p>“Building a global network of financial institutions who are using blockchain-based solutions is no small task, but we have the technical folks at Ripple to make it a reality. We’re also going to hire a lot more of them,” said Schwartz. “As CTO, I’ll get to lead a world-class group of engineers, scientists and business executives, which is what makes coming to work every day so exciting. I’m looking forward to the challenge.”</p>
<p>Schwartz’s team will also be responsible for contributing to the further decentralization of the XRP Ledger — an ongoing process that started at the Ledger’s inception and continues to be an important focus across the XRP community. He is taking over for Stefan Thomas, who recently left to start Coil, a micropayments company building applications on top of the XRP Ledger.</p>
<p>With more than 20 years of experience in banking and technology, Van Dyke will focus on driving new, strategic partnerships for Ripple across the global financial services industry.</p>
<p>Van Dyke has led global teams within the traditional financial services industry — most notably at Mastercard and Citibank — where she learned how sophisticated risk mitigation and compliance frameworks enable more reliable, timely services. Most recently, at Facebook, she led the Global Financial Services team, and saw first hand the power of technology in connecting people around the world to financial services they never had before.</p>
<p>“By reducing friction and delivering better options for individuals and businesses, Ripple offers a compelling opportunity to be a transformative force for good in the world of money movement,” said Van Dyke. “It’s an exciting time in the industry — and I feel very fortunate to be a part of creating the next generation of global payments.”</p>
<p>Want to learn more about David and Kahina? You can read our full interview with Kahina <a href="https://ripple.com/insights/welcomes-kahina-van-dyke/">here</a>, and we will be hosting an AMA (Ask Me Anything) with David at 3pm on Friday, July 13.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/two-big-changes-leadership-team/">Two Big Changes to Our Leadership Team</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Improves Access to India with Kotak Mahindra Bank</title>
		<link>https://ripple.com/insights/ripple-improves-access-india-kotak-mahindra-bank/</link>
		<pubDate>Wed, 27 Jun 2018 16:04:55 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16756</guid>
		<description><![CDATA[<p>Growth in the banking sector has skyrocketed: 80% of adults have a bank account in India, a figure that has more than doubled since 2011. India has also been the largest receiver of remittances over the last several years, with some $69 billion flowing into the country in 2017. The data is clear. Indian financial &#8230; <a href="https://ripple.com/insights/ripple-improves-access-india-kotak-mahindra-bank/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-improves-access-india-kotak-mahindra-bank/">Ripple Improves Access to India with Kotak Mahindra Bank</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_217995694.jpg"><img class="aligncenter size-full wp-image-16755" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_217995694.jpg" alt="" width="1000" height="667" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_217995694.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_217995694-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_217995694-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>Growth in the banking sector has skyrocketed: <a href="https://globalfindex.worldbank.org/index.php/#GF-ReportChapters">80% of adults have a bank account in India</a>, a figure that has more than doubled since 2011. India has also been the largest receiver of remittances over the last several years, with some <a href="http://www.worldbank.org/en/news/press-release/2017/10/03/remittances-to-recover-modestly-after-two-years-of-decline">$69 billion flowing into the country in 2017</a>.</p>
<p>The data is clear. Indian financial institutions are a critical hub for both the citizens in their country and the greater global economy.</p>
<p>With this in mind, Ripple established a <a href="https://ripple.com/insights/ripple-launches-new-mumbai-office-serve-indias-digital-economy/">Mumbai office</a> in 2017 and aggressively began partnering with financial institutions across the country to improve access to services for consumers and businesses, alike.</p>
<p>We’re able to do this through RippleNet, a decentralized network of payment providers and banks that connect to each other through our technology. And, today we’re pleased to share the newest addition to RippleNet: <a href="https://www.kotak.com/en.html">Kotak Mahindra Bank</a>  — a leading bank in India with over 1300 branches.</p>
<p>Kotak will use <a href="https://ripple.com/solutions/process-payments/">xCurrent</a> to power instant remittance payments into the country. The bank’s customers will be able to settle cross-border payments with end-to-end tracking while slashing time on payments from days to minutes, all at a lower cost.</p>
<p>Kotak joins other major banks in the region on RippleNet. In November, <a href="https://www.axisbank.com/">Axis Bank</a> went live using xCurrent and in February of this year <a href="https://www.indusind.com/">IndusInd</a> announced they would join the RippleNet community.</p>
<p>In addition to improving services, all these banks are looking to connect through RippleNet to members outside India, helping expand their own remittance operations. This trend is increasing across<a href="https://ripple.com/insights/ripplenet-strengthens-emerging-markets-access-into-india-brazil-and-china/"> payment providers and banks</a> inside and outside of the country — further underscoring the mounting opportunity in remittances to India from around the world.</p>
<p>Most importantly, improving remittances services into and out of India means less fees and more money for families who rely on those funds that are sent home.</p>
<p>To learn more about Ripple’s solutions or to find out how to become a member of RippleNet <a href="https://ripple.com/contact/#sales">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-improves-access-india-kotak-mahindra-bank/">Ripple Improves Access to India with Kotak Mahindra Bank</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>American Express and Ripple at Money20/20 Europe: Changing the Cross-Border Payments Experience for SMEs</title>
		<link>https://ripple.com/insights/american-express-and-ripple-at-money20-20-europe-changing-the-cross-border-payments-experience-for-smes/</link>
		<pubDate>Thu, 07 Jun 2018 20:23:48 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16710</guid>
		<description><![CDATA[<p>Small- to medium-sized enterprises (SMEs) make up the backbone of both dominant and emerging economies today. Yet they are the ones who are most impacted by inefficiencies in cross-border payments system — especially in the context of growing global e-commerce. To compete, SMEs need to be able to focus on their business, not on whether &#8230; <a href="https://ripple.com/insights/american-express-and-ripple-at-money20-20-europe-changing-the-cross-border-payments-experience-for-smes/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/american-express-and-ripple-at-money20-20-europe-changing-the-cross-border-payments-experience-for-smes/">American Express and Ripple at Money20/20 Europe: Changing the Cross-Border Payments Experience for SMEs</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Money-20-20-EU-Marcus.jpg"><img class="aligncenter size-large wp-image-16709" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Money-20-20-EU-Marcus-1024x857.jpg" alt="" width="1024" height="857" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Money-20-20-EU-Marcus-1024x857.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Money-20-20-EU-Marcus-300x251.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Money-20-20-EU-Marcus-768x643.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>Small- to medium-sized enterprises (SMEs) make up the backbone of both dominant and emerging economies today. Yet they are the ones who are most impacted by inefficiencies in cross-border payments system — especially in the context of growing global e-commerce.</p>
<p>To compete, SMEs need to be able to focus on their business, not on whether their supplier receives a payment. Traditional global payments systems involve a lot of intermediaries — not only does this slows down payments, it also introduces more <a href="https://ripple.com/insights/features/disco-era-money-movement-technologies/">margin for error</a>. According to a recent <a href="https://www.mckinsey.com/~/media/McKinsey/Industries/Financial%20Services/Our%20Insights/Rethinking%20correspondent%20banking/Rethinking-correspondent-banking.ashx">McKinsey study</a>, 60% of business-to-business cross-border payments require a manual intervention that takes 20 minutes or more.</p>
<p>The challenges in cross-border payments that SMEs face set the tone for the conversation between Joy Macknight, Deputy Editor of <em>The Banker</em>, Colin O’Flaherty, American Express’s VP &amp; General Manager of global commercial services UK &amp; Russia, and Marcus Treacher, Ripple’s SVP of customer success, on the final day of Money20/20 Europe.</p>
<p>SMEs need to be able to move small amounts of money at high speed, with certainty. But they don’t see this is happening. According to O’Flaherty, 71% of SMEs believe cross-border payments are problematic.</p>
<p>“Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds,” O’Flaherty said. “And that provides a real opportunity to alleviate most of the issues our customers are facing.”</p>
<p>American Express distinctly understands the issues that SMEs encounter with traditional banking, from cross-border payments to access to credit. The company’s “<a href="https://www.americanexpress.com/us/small-business/openforum/explore/">Open Forum</a>” is a highly regarded and popular platform for resources and support to help small- and medium-sized businesses grow.</p>
<p>Together with Ripple the companies are working to address the problems their customers face with cross-border payments. Ripple’s <a href="https://ripple.com/solutions/process-payments/">xCurrent</a> provides a new blockchain-based infrastructure for global payments. American Express customers are connecting to this infrastructure in a way that is designed for maximum impact and the best possible user experience.</p>
<p>“The consumption of Ripple technology is not a heavy lift for SMEs,” Treacher explained. “This is because we’re implementing within the existing payment networks and banking world.”</p>
<p>With Ripple-powered blockchain helping facilitate transactions behind the scenes, American Express customers in the U.S. are already seeing quicker payments, and O’Flaherty said the business has seen a decline in customer queries about the status of payments.</p>
<p>But it’s not about just a technological interface, O’Flaherty stressed. Ripple and American Express have also aligned from a fraud perspective — risk, user experience and customer service. This has allowed for a “holistic experience” that’s ultimately benefited the customer.</p>
<p>As the conversation came to a close, O’Flaherty affirmed that American Express’s intention is to expand based on successes to date — to focus on making Ripple-enabled services available across new global corridors with the large transaction flows.</p>
<p>“We’re still in the early stages, learning a lot,” said O’Flaherty. “And blockchain offers a big opportunity to solve real customer needs.”</p>
<p>To learn more about how Ripple solutions can improve your customers’ payments experience, visit our <a href="https://ripple.com/solutions/">solutions page</a>.</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/american-express-and-ripple-at-money20-20-europe-changing-the-cross-border-payments-experience-for-smes/">American Express and Ripple at Money20/20 Europe: Changing the Cross-Border Payments Experience for SMEs</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple CEO at Money20/20 Europe: Blockchain Hype Outpaces Reality</title>
		<link>https://ripple.com/insights/ripple-ceo-money20-20-europe-blockchain-hype-outpaces-reality/</link>
		<pubDate>Tue, 05 Jun 2018 19:41:42 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16686</guid>
		<description><![CDATA[<p>On day one of Money20/20 Europe, leaders from the world’s biggest banks to newly minted FinTech startups focused on two themes – innovation and partnership – with much of the conversation centering on the increasingly important role of blockchain technology across the industry. Ripple CEO Brad Garlinghouse took the conversation one step further. In his &#8230; <a href="https://ripple.com/insights/ripple-ceo-money20-20-europe-blockchain-hype-outpaces-reality/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-ceo-money20-20-europe-blockchain-hype-outpaces-reality/">Ripple CEO at Money20/20 Europe: Blockchain Hype Outpaces Reality</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Brad-Money-20-20-EU.jpg"><img class="aligncenter size-large wp-image-16685" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Brad-Money-20-20-EU-1024x770.jpg" alt="" width="1024" height="770" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Brad-Money-20-20-EU-1024x770.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Brad-Money-20-20-EU-300x226.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Brad-Money-20-20-EU-768x578.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>On day one of Money20/20 Europe, leaders from the world’s biggest banks to newly minted FinTech startups focused on two themes – innovation and partnership – with much of the conversation centering on the <a href="https://www.cnbc.com/2018/06/04/major-bank-ceos-say-blockchain-will-underpin-the-financial-industry-in-five-years.html">increasingly important role of blockchain technology</a> across the industry.</p>
<p>Ripple CEO Brad Garlinghouse took the conversation one step further. In his fireside chat entitled, “Blockchain, digital assets and reimagining global payments,” Garlinghouse bluntly informed moderator Simon Taylor, co-founder of <a href="https://11fs.com/">11:FS</a>, that “experiments are not a business model” and called attention to the hype outpacing reality in the blockchain and crypto space – noting that “it’s way out of whack.”</p>
<p>“Ripple is going deep with customers, solving real problems and seeing real progress,” Garlinghouse went on to say. He explained that Ripple uses blockchain technology and the digital asset, <a href="https://ripple.com/xrp/">XRP</a>, to address the major pain points in cross-border payments – making them <a href="https://ripple.com/insights/first-pilot-results-for-xrapid/">dramatically faster (from days to minutes), lower cost (40-70% savings) and more transparent</a> (similar to other banking services today).</p>
<p>But Garlinghouse was also quick to point out the difference between Ripple’s solutions and other services, such as Apple Pay, that put a slick front-end on the same old infrastructure.</p>
<p>“Everything that happens below these services – down the stack – hasn’t changed. Ripple’s point of view is that to truly unlock innovation in the payments ecosystem, you have to start way down at the bottom,” Garlinghouse explained. “If you can reset the rail – the base layer – you can really unlock innovation.” In this way, Ripple is just an enabler, a new base layer on which others can build.</p>
<p>So, what would compel banks, in particular, to replace this old infrastructure, questioned Taylor? Garlinghouse provided some color. For Ripple’s customers – everyone from banks to payment providers to corporations looking to improve international payouts – the business case for leveraging blockchain and digital assets is an easy one.</p>
<p>“As a society, we are relying on rails built 50 years ago to enable cross-border transactions,” said Garlinghouse. “Our customers are asking themselves: ‘If I want to be competitive for the next 10 years – for the next 50 – do I want to be dependent on what is effectively a horse and buggy system in a world of Teslas?’”</p>
<p>Garlinghouse was not alone in calling attention to problems with global money transfer. In discussing with Charlotte Hogg, CEO Europe at Visa, the needs of merchants at PayPal, Jim Migats, head of global core payments, noted that cross-border payments should be as easy and affordable as any kind of payment that exists.</p>
<p>Similarly, Ralph Hamers, CEO of ING, used global payments in his keynote as an example of a traditional offering rife for change. This was after emphasizing that banks and financial institutions can no longer differentiate through a product—that they must differentiate through a service or experience.</p>
<p>The conversation then turned to the digital asset, XRP. Garlinghouse shared how Ripple uses XRP as “a tool to fund real-time liquidity” during transactions. Taylor pointed out that XRP provides an alternative to <a href="https://ripple.com/insights/liquidity-explained/">pre-funded nostro and vostro accounts</a> around the world.“</p>
<p>Finally, Garlinghouse highlighted that XRP and the XRP Ledger are open source, and Ripple is only one participant in the XRP ecosystem, that many participants use the asset and build on the XRP Ledger.</p>
<p>When Taylor pointed out that Ripple owns a lot of XRP, Garlinghouse clarified, “Ripple today owns about 60% of XRP. We continue to use it for various incentives to try and build the XRP ecosystem. We have announced a number of different programs around the world – ranging from accelerator programs to those that gain customer adoption.”</p>
<p>One of those program, Garlinghouse concluded, is Ripple’s new <a href="https://ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/">University Blockchain Research Initiative</a>. He said, “We’re working with 17 universities around the world and we’re contributing to $50M to fund research in blockchain and cryptocurrency. All boats rise.”</p>
<p>For more, listen to Garlinghouse and Taylor’s discussion on 11:FS’s <a href="https://11fs.com/insights/fintech-insider/">FinTech Insider podcast</a> on Thursday, June 6.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-ceo-money20-20-europe-blockchain-hype-outpaces-reality/">Ripple CEO at Money20/20 Europe: Blockchain Hype Outpaces Reality</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Introduces the University Blockchain Research Initiative</title>
		<link>https://ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/</link>
		<pubDate>Mon, 04 Jun 2018 10:00:34 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16664</guid>
		<description><![CDATA[<p>Interest in blockchain is soaring, with a groundswell of activity taking place on the campuses of the world’s top universities. From new business use cases — such as making cross-border payments faster, lower cost and more transparent — to uses of blockchain for good, students and faculty globally are emerging as major contributors to the &#8230; <a href="https://ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/">Ripple Introduces the University Blockchain Research Initiative</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research.png"><img class="aligncenter wp-image-16667 size-full" src="https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research.png" alt="" width="1000" height="635" srcset="https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research.png 1000w, https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research-300x191.png 300w, https://cdn.ripple.com/wp-content/uploads/2018/06/university_blockchain_research-768x488.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>Interest in blockchain is soaring, with a groundswell of activity taking place on the campuses of the world’s top universities. From new business use cases <span style="font-weight: 400;">—</span> such as making cross-border payments faster, lower cost and more transparent <span style="font-weight: 400;">—</span> to uses of blockchain for good, students and faculty globally are emerging as major contributors to the creation of a more robust and valuable blockchain and payments ecosystem.</p>
<p>As one of the most mature companies in the space, Ripple is uniquely suited to partner with the academic community and help lead development of this ecosystem. That’s why, today, we’re excited to announce the University Blockchain Research Initiative (UBRI), a collaboration with top universities around the world to support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.</p>
<p>Ripple has committed over $50 million in funding, subject matter expertise and technical resources to UBRI’s first wave of university partners <span style="font-weight: 400;">—</span>17 prestigious institutions around the world. These schools will determine their own research topics and priority areas of focus, while also partnering with Ripple to:</p>
<ul>
<li>Collaborate on research and technical development that will stimulate widespread understanding and innovation in blockchain.</li>
<li>Create new curriculum to meet high student demand for learning about blockchain, cryptocurrency and other FinTech topics.</li>
<li>Stimulate ideas and dialog among students, faculty, technologists and business leaders on topics of shared interest.</li>
</ul>
<p>The initial UBRI partners represent a broad cross-section of geographies and markets, as well as a rich blend of academic disciplines.</p>
<p>For example, as the regulatory conversation continues to evolve in the public sector, the Center for Information Technology Policy (CITP) at <a href="https://www.princeton.edu/">Princeton University</a> is creating an UBRI program that will study the policy impact of cryptocurrencies and blockchain in the U.S. and around the world.</p>
<p>At <a href="https://www.upenn.edu/">The University of Pennsylvania</a>, UBRI is supporting select MBA-MS candidates each year in a newly established Wharton-Engineering dual-degree program. This funding aims to prioritize students working on blockchain or cryptocurrency.</p>
<p>As part of UBRI, Ripple is also participating in MIT Computer Science and Artificial Intelligence Lab&#8217;s new FinTech initiative made up of a nearly a dozen companies across the financial services industry to work with groups of CSAIL’s 116+ researchers on topics like blockchain, cryptocurrencies, cybersecurity and global payments.</p>
<p>In Europe, <a href="https://www.tudelft.nl/en/">Delft University of Technology</a> in the Netherlands and the <a href="https://wwwen.uni.lu/">University of Luxembourg</a> are building a new blockchain research program inside their Departments of Computer Science and Engineering with the help of UBRI.</p>
<p>UBRI’s complete list of partners is as follows:</p>
<ul>
<li><a href="https://law.anu.edu.au/">Australian National University College of the Law</a></li>
<li><a href="https://www.princeton.edu">CITP at Princeton</a></li>
<li><a href="https://www.csail.mit.edu/">CSAIL at MIT</a></li>
<li><a href="https://www.tudelft.nl/en/">Delft University of Technology (Netherlands)</a></li>
<li><a href="https://portal.fgv.br/">Fundação Getulio Vargas (Brazil)</a></li>
<li><a href="https://www.berkeley.edu">Haas School of Business, University of California, Berkeley</a></li>
<li><a href="http://www.iitb.ac.in">IIT Bombay</a></li>
<li><a href="https://www.iiit.ac.in/">International Institute of Information Technology, Hyderabad (IIIT-H)</a></li>
<li><a href="https://www.korea.edu/">Korea University</a></li>
<li><a href="https://www.utexas.edu">McCombs School of Business, UT-Austin</a></li>
<li><a href="https://www.stanford.edu">Stanford University</a></li>
<li><a href="https://www.unc.edu">The University of North Carolina at Chapel Hill</a></li>
<li><a href="https://www.upenn.edu/">The University of Pennsylvania</a></li>
<li><a href="https://www.ucl.ac.uk/">UCL (University College London)</a></li>
<li><a href="https://wwwen.uni.lu/">University of Luxembourg</a></li>
<li><a href="https://www.unic.ac.cy">University of Nicosia (Cyprus)</a></li>
<li><a href="https://www.uoregon.edu/">University of Oregon</a></li>
<li><a href="https://uwaterloo.ca/">University of Waterloo</a></li>
</ul>
<p>As the traditional backbone of innovation, universities uniquely offer an independence and rigor that the private sector cannot. They also are responsible for training the workforce of the future, helping to address the demand for technological solutions and talent to solve the world’s hardest financial problems.</p>
<p>Now is the perfect time to support research and study in blockchain, cryptocurrency and digital payments at universities around the world.</p>
<p>For more on UBRI <span style="font-weight: 400;">—</span> as we build the program over the coming year <span style="font-weight: 400;">—</span> please visit Ripple <a href="https://ripple.com/insights/">Insights</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/">Ripple Introduces the University Blockchain Research Initiative</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Schwartz Rides Again: Tour de Schwartz EU</title>
		<link>https://ripple.com/insights/schwartz-rides-tour-de-schwartz-eu/</link>
		<pubDate>Thu, 24 May 2018 04:58:48 +0000</pubDate>
		<dc:creator><![CDATA[Reinhard Cate]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16638</guid>
		<description><![CDATA[<p>David Schwartz — Ripple’s Chief Cryptographer and one of the original architects of the XRP Ledger — is hitting the road again. This time he’s headed to Europe. From late May through early June, David will be stopping in multiple countries across the continent to attend meetups, give keynotes, and share his perspective with industry &#8230; <a href="https://ripple.com/insights/schwartz-rides-tour-de-schwartz-eu/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/schwartz-rides-tour-de-schwartz-eu/">Schwartz Rides Again: Tour de Schwartz EU</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz_Rides_Again.png"><img class="aligncenter size-full wp-image-16637" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz_Rides_Again.png" alt="" width="1024" height="1024" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz_Rides_Again.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz_Rides_Again-150x150.png 150w, https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz_Rides_Again-300x300.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz_Rides_Again-768x768.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>David Schwartz — Ripple’s Chief Cryptographer and one of the original architects of the XRP Ledger — is hitting the road again. This time he’s headed to Europe.</p>
<p>From late May through early June, David will be stopping in multiple countries across the continent to attend meetups, give keynotes, and share his perspective with industry experts as part of panels and fireside chats.</p>
<p><strong>Week 1: The Netherlands</strong></p>
<p>David takes his technical expertise and knowledge of blockchain technology to <a href="https://thenextweb.com/conference/">The Next Web (TNW) Conference</a> in Amsterdam this Thursday, May 24. He’ll be giving a keynote speech on his personal journey from discovering bitcoin and blockchain to becoming one of the original designers of the XRP Ledger and a key leader at Ripple.</p>
<p>Following his keynote, David will help judge eight entrepreneurs on their blockchain and crypto pitches in the final round of the Hard Fork startups contest. That evening he’ll join over 250 industry leaders and government officials from across Europe to discuss critical issues surrounding the regulation of digital assets.</p>
<p>Then on Friday, May 25, David’s back on stage at TNW Conference, where he will sit down for a fireside chat with TNW’s <a href="https://twitter.com/mixtatiq?lang=en">Dimitar Mix Mihov</a> about the challenges of interoperability and decentralization.</p>
<p><strong>Week 2: Germany</strong></p>
<p>David is headed to Germany for <a href="https://blockshoweurope.com/">Blockshow Europe</a> on Tuesday, May 29 in Berlin. He’ll participate on a panel discussing how innovators can discover new decentralized solutions with blockchain technology.</p>
<p>On Friday, June 1, David will be in Hamburg for <a href="https://unchain.hamburg/">Unchain</a>. He’ll be giving a 20-minute presentation at the conference on the importance of enabling the Internet of Value.</p>
<p><strong>Week 3: The Netherlands</strong></p>
<p>David will return to the Netherlands on Monday, June 4 for <a href="https://europe.money2020.com/">Money20/20 Europe</a> in Amsterdam.</p>
<p>On Tuesday, June 5, he’ll participate in a panel moderated by <a href="https://twitter.com/saronimo?lang=en">Sara Feenan</a> to discuss how digital assets should be classified by global regulators. David will share the stage with Overstock.com’s <a href="https://twitter.com/OverstockCEO?lang=en">Patrick Byrne</a>, Colu’s<a href="https://twitter.com/AmosMeiri?lang=en"> Amos Meiri</a> and Coinfloor’s <a href="https://twitter.com/obi?lang=en">Obi Nwosu</a>.</p>
<p><strong>Week 4: Ireland</strong></p>
<p>For his final week in Europe, David is Ireland-bound to attend on Monday, June 11. At a meetup in Dublin, he’ll chat digital assets moderated by Fortune’s <a href="https://twitter.com/rhhackett?lang=en">Robert Hackett</a> in front of an audience of about 80 attendees from the local tech community.</p>
<p>Last but not least, on Tuesday, June 12, David will sit for another fireside chat at <a href="https://moneyconf.com/">MoneyConf</a> in Dublin. He’ll discuss how Ripple’s mission of establishing an Internet of Value can enable the democratization of global finance.</p>
<p>Want to keep track of David’s adventures? Follow <a href="https://twitter.com/ripple">Ripple</a> and <a href="https://twitter.com/JoelKatz?lang=en">David</a> for more updates and highlights from his appearances.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/schwartz-rides-tour-de-schwartz-eu/">Schwartz Rides Again: Tour de Schwartz EU</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Growing Support for an XRP Symbol</title>
		<link>https://ripple.com/insights/growing-support-xrp-symbol/</link>
		<pubDate>Tue, 15 May 2018 22:00:23 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16615</guid>
		<description><![CDATA[<p>Over the past month, we’ve watched and listened as a grassroots movement to create an XRP symbol has taken shape within the XRP community. In tweets, forums and blogs, members underscored that Ripple is just one entity using XRP to solve real business problems around the world, and in this way, using Ripple’s name or &#8230; <a href="https://ripple.com/insights/growing-support-xrp-symbol/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/growing-support-xrp-symbol/">Growing Support for an XRP Symbol</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/xrp_symbol.png"><img class="aligncenter size-full wp-image-16614" src="https://cdn.ripple.com/wp-content/uploads/2014/10/xrp_symbol.png" alt="" width="1000" height="635" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/xrp_symbol.png 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/xrp_symbol-300x191.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/xrp_symbol-768x488.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>Over the past month, we’ve watched and listened as a <a href="https://medium.com/@alexavierguzman/xrp-not-ripple-the-quest-to-finding-the-xrp-symbol-3e0352cc2c3e">grassroots movement to create an XRP symbol</a> has taken shape within the XRP community.</p>
<p>In tweets, forums and blogs, members underscored that Ripple is just one entity using XRP to solve real business problems around the world, and in this way, using Ripple’s name or logomark to represent the full breadth and depth of the XRP ecosystem doesn’t make sense. The community also highlighted that this usage is incorrect, as both Ripple and its logomark only represent our private, for-profit company and are protected elements of our brand. The community wants a symbol free of corporate trademarks that might one day be included in the <a href="https://www.unicode.org/standard/standard.html">Unicode Standard</a>, like Bitcoin’s “₿”.</p>
<p>Not only do we agree that the time has never been better for XRP to get its own visual identity — one that captures the digital asset’s utility, speed and independence — but we also want to show our support by leveraging our design and legal teams to propose an option.</p>
<p>The new XRP symbol we’re proposing exemplifies the unique attributes that differentiate XRP from other digital assets. Its “x” refers, in part, to XRP’s role in efficiently moving money across borders. An “x” also mathematically suggests a multiplier effect — where entities are building on one another to create something bigger — the same way the community drives innovation with XRP and the XRP Ledger.</p>
<p>Up and down arrows represent sending and receiving — a value exchange, like the two sides of completing a transaction, and the possibility of increased connectivity across different entities. The organic shape of its curves is suggestive of the human form — a nod to the community that supports XRP and its ecosystem.</p>
<p>Most importantly, no one entity or business holds legal rights to this new symbol, and it is simple to draw, allowing for easy adoption by anyone.</p>
<p>As innovators build on the XRP Ledger and develop new use cases for XRP, this XRP symbol is now available for your use.</p>
<p>Please click <a href="https://ripple.com/files/XRP-Symbol-Kit.zip">here</a> if you are interested in downloading our proposed symbol. We also encourage you to review the <a href="https://github.com/xrpsymbol">Github repository</a> that hosts a wide variety of community-driven designs.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/growing-support-xrp-symbol/">Growing Support for an XRP Symbol</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Mitsubishi Corporation, Krungsri and Standard Chartered Pilot Payments from Thailand to Singapore on RippleNet</title>
		<link>https://ripple.com/insights/mitsubishi-corporation-standard-chartered-and-krungsri-pilot-payments-from-singapore-to-thailand-on-ripplenet/</link>
		<pubDate>Mon, 14 May 2018 22:00:02 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16606</guid>
		<description><![CDATA[<p>Mitsubishi Corporation, Standard Chartered and Bank of Ayudhya (Krungsri) — a Thailand subsidiary of MUFG Bank — jointly announced a pilot test for payments between Singapore and Thailand with xCurrent. With production volume growing on RippleNet at an exponential rate, this pilot is further marked as a unique milestone by the inclusion of Mitsubishi Corporation. &#8230; <a href="https://ripple.com/insights/mitsubishi-corporation-standard-chartered-and-krungsri-pilot-payments-from-singapore-to-thailand-on-ripplenet/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/mitsubishi-corporation-standard-chartered-and-krungsri-pilot-payments-from-singapore-to-thailand-on-ripplenet/">Mitsubishi Corporation, Krungsri and Standard Chartered Pilot Payments from Thailand to Singapore on RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_379879492.jpg"><img class="aligncenter size-full wp-image-16607" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_379879492.jpg" alt="" width="1000" height="667" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_379879492.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_379879492-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_379879492-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p><a href="https://www.mitsubishicorp.com/">Mitsubishi Corporation</a>, <a href="https://www.sc.com/en/">Standard Chartered</a> and <a href="https://www.krungsri.com/bank/en/home.html">Bank of Ayudhya (Krungsri)</a> — a Thailand subsidiary of <a href="http://www.bk.mufg.jp/global/">MUFG Bank</a> — jointly announced a pilot test for payments between Singapore and Thailand with <a href="https://ripple.com/solutions/process-payments/">xCurrent</a>.</p>
<p>With production volume growing on RippleNet at an exponential rate, this pilot is further marked as a unique milestone by the inclusion of Mitsubishi Corporation. Like many of their Fortune 500 peers, Mitsubishi Corporation’s is pursuing faster, more transparent and traceable solutions for global liquidity management.</p>
<p>Many multinational corporations have to create buffers of <a href="https://ripple.com/insights/liquidity-explained/">liquidity throughout the world</a>, forcing them to sit on pools of idle cash. This dormant capital is subject to foreign exchange, counterparty and fraud risks, as well as administrative burdens, making cross-border payments even more complicated for these entities.</p>
<p>The goal of the pilot is to demonstrate the commercial viability of delivering high-speed cross-border payments between independent banks. As global trade continues to increase, the problems associated with cross-border payments are being experienced by smaller businesses as well. These companies don’t have the treasury resources or experience in navigating the pitfalls of today’s payment rails.</p>
<p>As a result, like much of the consumer market that has turned to fintech companies for cross-border remittances, a growing base of enterprises are turning to fintech providers to address their global payment needs. To maintain a competitive edge, many financial institutions have begun to adopt new technology like Ripple’s blockchain-powered solutions.</p>
<p>To learn more about Ripple’s <a href="https://ripple.com/solutions/">solutions</a> or to become a member of RippleNet <a href="https://ripple.com/contact/#sales">contact us</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/mitsubishi-corporation-standard-chartered-and-krungsri-pilot-payments-from-singapore-to-thailand-on-ripplenet/">Mitsubishi Corporation, Krungsri and Standard Chartered Pilot Payments from Thailand to Singapore on RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Welcome to Xpring</title>
		<link>https://ripple.com/insights/welcome-to-xpring/</link>
		<pubDate>Mon, 14 May 2018 13:03:07 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16597</guid>
		<description><![CDATA[<p>In the world of blockchain and digital assets, there are hundreds, if not thousands, of interesting entrepreneurs flowing into the space. At Ripple, we want to act as a proverbial spring for the most serious ones — making sure they have the key essentials to grow their businesses and prosper. That’s why today we are &#8230; <a href="https://ripple.com/insights/welcome-to-xpring/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/welcome-to-xpring/">Welcome to Xpring</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/xpring_blue.png"><img class="aligncenter size-full wp-image-16596" src="https://cdn.ripple.com/wp-content/uploads/2014/10/xpring_blue.png" alt="" width="1000" height="635" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/xpring_blue.png 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/xpring_blue-300x191.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/xpring_blue-768x488.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>In the world of blockchain and digital assets, there are hundreds, if not thousands, of interesting entrepreneurs flowing into the space. At Ripple, we want to act as a proverbial spring for the most serious ones — making sure they have the key essentials to grow their businesses and prosper.</p>
<p>That’s why today we are announcing Xpring (pronounced Spring). Xpring is a new initiative by Ripple that will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs. Every entrepreneur will use the digital asset XRP and the XRP Ledger, the open-sourced, decentralized technology behind XRP, to solve their customers’ problems in a transformative way.</p>
<p>As a major contributor to the XRP Ledger codebase and large holder of XRP, we often hear from entrepreneurs and developers that they’d like support in one form or another to help them with their XRP-related projects. As one of the few blockchain companies with traction for a non-speculative use case, we feel we’re uniquely positioned to support entrepreneurs in a meaningful way.</p>
<p>In order to offer the best support, we need a great team. That’s why we’re bringing on Ethan Beard as a Senior Vice President to lead Xpring and Ripple’s developer program. Before moving into an advisor role at several technology companies, Ethan served as Director of the Facebook Developer Network from 2009-2012, where he oversaw worldwide developer relations, operations and product marketing for the Facebook API.</p>
<p>&#8220;I love helping startups leverage new technologies and developments to grow. At Facebook, we saw companies in areas like gaming, music, and news use our platform to become big businesses, said Ethan Beard, SVP at Ripple. “Blockchain and digital assets have the ability to solve important problems and XRP &#8211; with it&#8217;s speed, scalability and demonstrated real-world use case &#8211; is a great tool for startups and entrepreneurs to build businesses around.”</p>
<p>At Ripple, we will continue to use XRP to help financial institutions remove friction from global payments. However, the characteristics of XRP and the XRP Ledger &#8211; superior speed, scalability and stability — make it perfect for entrepreneurs looking to solve problems across identity, trade finance, gaming and virtual goods, provenance, real estate, insurance, digital media and many other industries. Xpring’s entrepreneurs and companies will leverage XRP for use cases like these, among others.</p>
<p>As of today, Xpring has already offered support to:</p>
<ul>
<li>Scooter Braun, entertainment talent manager, entrepreneur and founder of <a href="http://scooterbraun.com/">SB Projects</a>, who is pursuing several endeavors that will use XRP to improve artists’ ability to monetize and manage their content.</li>
<li>Stefan Thomas, inventor of the Interledger Protocol (ILP), creator of BitcoinJS, co-founder of TxtBear, who just launched a new venture <a href="https://coil.com/">Coil</a> to use XRP and the Interledger Protocol (ILP) for various micropayments applications, such as facilitating “bite-sized” purchases of media. You can learn more about Coil <a href="https://medium.com/coil/coil-building-a-new-business-model-for-the-web-d33124358b6">here</a>.</li>
<li>Thomas McLeod, serial entrepreneur, co-founder and CEO of <a href="https://www.beomni.com/">Omni</a>, who will soon integrate XRP as a currency into Omni&#8217;s marketplace.</li>
<li>Bart and Brad Stephens, co-founders of <a href="http://blockchain.capital/">Blockchain Capital</a>, who have the first fund to accept capital calls in digital assets with a focus on driving innovation in the blockchain sector.</li>
</ul>
<p>“Blockchain technology and digital assets like XRP will provide artists with new distribution channels and revenue streams,” said Scooter Braun, founder of SB Projects. “This creates more space for artistic freedom, and I’m excited our team is among the first in the entertainment industry to lean into the blockchain movement. This is only the beginning as we will continue to build out more use cases for XRP. ”</p>
<p>While the Xpring team is already vetting hundreds of amazing projects, they remain open to hearing from serious entrepreneurs and businesses. For questions or to learn more, please visit Xpring&#8217;s <a href="https://xpring.co/">website.</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/welcome-to-xpring/">Welcome to Xpring</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>First Pilot Results for xRapid</title>
		<link>https://ripple.com/insights/first-pilot-results-for-xrapid/</link>
		<pubDate>Thu, 10 May 2018 13:00:05 +0000</pubDate>
		<dc:creator><![CDATA[Asheesh Birla]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16589</guid>
		<description><![CDATA[<p>We can stream live video from the space station in orbit, but sending a payment to a different country still takes days to settle. Despite the development of the Internet and huge advances in the movement of information, sending money around the world is a slow and often frustrating process. Modernizing global financial services infrastructure &#8230; <a href="https://ripple.com/insights/first-pilot-results-for-xrapid/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/first-pilot-results-for-xrapid/">First Pilot Results for xRapid</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_669389722-1.jpg"><img class="aligncenter size-full wp-image-16351" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_669389722-1.jpg" alt="" width="1000" height="667" /></a></p>
<p>We can stream live video from the space station in orbit, but sending a payment to a different country still takes days to settle. Despite the development of the Internet and huge advances in the movement of information, sending money around the world is a slow and often frustrating process.</p>
<p>Modernizing global financial services infrastructure with blockchain technology promises dramatic payoffs: Improving the speed and cost of cross-border payments could provide trillions to the global economy while enabling greater financial inclusion and lower barriers to entry in global commerce.</p>
<p>Today, we’re a step closer to realizing these goals with <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a>. It eliminates delays in global payments while also dramatically lowering cost. xRapid leverages the technology behind the digital asset <a href="https://ripple.com/xrp/">XRP,</a> to make cross-border payments truly instant. Aggregated results from several pilots for xRapid are now available.</p>
<p>For payments in the critical remittance corridor between the U.S. and Mexico, financial institutions using xRapid saw a savings of 40-70 percent compared to what they normally pay foreign exchange brokers. An average xRapid payment took just over two minutes, compared to today’s average of two to three days when sending cross-border payments. The portion of the transfer that relies on the XRP Ledger takes two to three seconds, with the additional processing time attributed to movement across the intermediary digital asset exchanges and local payment rails.</p>
<p>A payment journey with xRapid looks like this: a financial institution connects directly to digital asset exchanges in both the originating and destination corridors. The originating currency is exchanged into XRP which provides the <a href="https://ripple.com/insights/liquidity-explained/">necessary liquidity to power the final payment</a>, and then in seconds that XRP is exchanged into the destination currency in the second digital asset exchange. Once this transaction takes place, the funds are sent out on the local rails of the destination country for payout. The transaction is tracked end-to-end, and the result is a cross-border payment that is cheaper and faster than ever before.</p>
<p>This is the realization of the vision for an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> — allowing for a new fluid movement of money that will benefit the entire global economy, from families that rely on remittance payments, to corporations looking to expand and scale into markets in new countries.</p>
<p>The possibilities for the <a href="https://ripple.com/insights/a-vision-for-the-internet-of-value/">global economy are endless</a>, and we’re excited to see the Internet of Value realize its full potential.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/first-pilot-results-for-xrapid/">First Pilot Results for xRapid</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Korea’s Coinone Transfer Joins RippleNet</title>
		<link>https://ripple.com/insights/koreas-coinone-transfer-joins-ripplenet/</link>
		<pubDate>Wed, 09 May 2018 01:05:18 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16552</guid>
		<description><![CDATA[<p>Coinone Transfer — a payments business and a subsidiary of Coinone — has joined RippleNet to use xCurrent, Ripple’s leading blockchain solution for cross-border payments and settlement. Coinone, one of Korea’s largest digital asset exchanges, will be the first exchange in the country to leverage the power of RippleNet. Coinone is a leader in the &#8230; <a href="https://ripple.com/insights/koreas-coinone-transfer-joins-ripplenet/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/koreas-coinone-transfer-joins-ripplenet/">Korea’s Coinone Transfer Joins RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/coinone.png"><img class="aligncenter size-large wp-image-16343" src="https://cdn.ripple.com/wp-content/uploads/2014/10/coinone-1024x538.png" alt="" width="1024" height="538" /></a></p>
<p>Coinone Transfer — a payments business and a subsidiary of Coinone — has joined RippleNet to use <a href="https://ripple.com/solutions/process-payments/">xCurrent</a>, Ripple’s leading blockchain solution for cross-border payments and settlement.</p>
<p><a href="https://coinone.co.kr/">Coinone</a>, one of Korea’s largest digital asset exchanges, will be the first exchange in the country to leverage the power of RippleNet.</p>
<p>Coinone is a leader in the digital asset industry in Korea. As one of the largest exchanges in the country, it handles over <a href="https://coinmarketcap.com/exchanges/coinone/">$97 million in transactions per day</a>. The company also understands that underlying blockchain technology has further applications, <a href="https://www.forbes.com/sites/elaineramirez/2018/04/10/how-coinone-is-harnessing-south-koreas-cryptocurrency-fever/#6ead3f1e13f2">particularly for cross-border payments.</a></p>
<p>The exchange is also a member of the DAYLI Financial Group, and one of its subsidiaries, DAYLI Intelligence, <a href="https://ripple.com/insights/sbi-ripple-asia-partners-dayli-financial-group-bring-ripple-south-korea/">signed a partnership with SBI Ripple Asia</a> last year to bring Ripple’s blockchain solutions to the Korean market.</p>
<p><strong>New service “Cross” to address key regional remittance corridors out of Korea</strong></p>
<p>Remittance outflows from South Korea have been steadily increasing over the last decade <a href="http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data">according to data from the World Bank</a>. Starting in June, xCurrent will power the launch of a new remittance service called “Cross” for Coinone Transfer’s retail customers to address the country’s growing demand for faster and cheaper payments across the region.</p>
<p>Coinone customers will be able to send vital remittances home to family and friends in countries across Southeast Asia using Cross — all by powered by Ripple blockchain technology. xCurrent allows for payments of any size to move quickly, transparently and at low cost across borders making it ideal for the volume and smaller size of remittance payments.</p>
<p>“We are proud to be the first digital exchange in Korea to join RippleNet and implement Ripple’s xCurrent solution,” said Wonhee Shin, CEO of Coinone Transfer. &#8220;Ripple&#8217;s xCurrent solution will revolutionize the lives of our customers by providing them with a real-time, low-cost global remittance service.”</p>
<p>The<a href="https://www.economist.com/news/special-report/21741255-cheaper-cross-border-transfers-are-coming-battle-remittances-market"> problems with global payments</a> is felt universally — from regular families who want to send money to loved ones but face slow times and high costs, to financial institutions and growing businesses that need to send remittance and business payments internationally to scale.</p>
<p>With xCurrent, financial institutions like Coinone Transfer will be able to remove those pain points for their end customers.</p>
<p>“Non-traditional payments companies like Coinone Transfer, and their parent company, Coinone, are revolutionizing the way money moves for their customers,” said Emi Yoshikawa, director of joint venture partnerships at Ripple. “We look forward to working with Coinone Transfer to implement xCurrent as the technology underpinning their new, state-of-the-art remittance service.”</p>
<p>For more information about Ripple’s solutions, please visit our <a href="https://ripple.com/solutions/">website.</a></p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/koreas-coinone-transfer-joins-ripplenet/">Korea’s Coinone Transfer Joins RippleNet</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>xVia Opens New Doors in Emerging Markets</title>
		<link>https://ripple.com/insights/xvia-opens-new-doors-in-emerging-markets/</link>
		<pubDate>Thu, 26 Apr 2018 14:00:02 +0000</pubDate>
		<dc:creator><![CDATA[Asheesh Birla]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16507</guid>
		<description><![CDATA[<p>Emerging markets have revealed a new and critical challenge for global payments. Instead of relying on traditional banking systems, consumers in these regions use a variety of platforms to make payments, access banking services and take part in commerce within and outside of their countries. In Vietnam, a tech-oriented, new generation have made digital wallets &#8230; <a href="https://ripple.com/insights/xvia-opens-new-doors-in-emerging-markets/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xvia-opens-new-doors-in-emerging-markets/">xVia Opens New Doors in Emerging Markets</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_526625740.jpg"><img class="aligncenter size-full wp-image-16512" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_526625740.jpg" alt="" width="1000" height="668" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_526625740.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_526625740-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_526625740-768x513.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>Emerging markets have revealed a new and critical challenge for global payments. Instead of relying on traditional banking systems, consumers in these regions use a variety of platforms to make payments, access banking services and take part in commerce within and outside of their countries.</p>
<p>In Vietnam, a tech-oriented, new generation have made <a href="https://www.forbes.com/sites/chynes/2018/03/25/mobile-wallets-and-tech-savvy-youth-driving-e-commerce-growth-in-vietnam/#42d83dd25fa8">digital wallets a dominant force</a> and, in Africa, <a href="https://qz.com/1243637/mobile-money-is-key-to-growing-banks-in-africa/">mobile money</a> is a primary avenue for commerce. A recent study also found that across South East Asia almost <a href="https://www.wsj.com/articles/where-facebook-and-instagram-are-about-shopping-1481023577">30 percent of online sales occur on social media</a>.</p>
<p>Digital commerce in these regions is booming, bringing more people into the global economy, but the underlying payment systems supporting their transactions are becoming increasingly fragmented.</p>
<p>Adding further complexity, billions of new people each year are accessing financial institutions for the first time ever. In India alone, <a href="https://www.weforum.org/agenda/2018/01/why-it-s-an-exciting-time-to-be-an-entrepreneur-in-india/">more than a billion new people</a> are expected to be banked over the next five years.</p>
<p>We need a better way for money to move around the world — one that syncs these disparate systems and can keep pace with expanding financial inclusion.</p>
<p><strong>xVia as a solution</strong></p>
<p><a href="https://ripple.com/solutions/send-payments/">xVia</a> allows for financial institutions and businesses to easily send payments to and from emerging markets by leveraging the benefits of RippleNet — Ripple’s decentralized global payments network.</p>
<p>By providing a standard API solution, xVia lets companies that want to send payments — payment providers, digital wallets and other corporates — quickly scale their businesses, differentiate their services and address their customers’ unique needs. The individuals and businesses that rely on them can send payments faster and cheaper anywhere in the world.</p>
<p>Similarly, for corporate marketplaces and financial institutions that are looking to scale, xVia provides the only quick and simple way to send payouts to new corridors while also creating a faster and more reliable user experience.</p>
<p>In this manner, xVia serves as a vehicle for a variety of different players within the global payments ecosystem to interact and complete transactions directly — no longer requiring custom connections. It can also help smaller businesses that want to leverage the same technology and standardized ruleset to send real-time, traceable payments around the world.</p>
<p><strong>New xVia customers</strong></p>
<p>Today, we’ve announced five new customers: <a href="https://www.fairfx.com/">FairFX</a>, <a href="https://exchange4free.com/">Exchange4Free</a>, <a href="https://www.rationalfx.com/">RationalFX</a>, <a href="https://www.unipay.com/en/">UniPAY</a> and <a href="https://transfer.moneymatch.co/">MoneyMatch</a>. They will leverage xVia’s standard API solution to power payments through RippleNet and access new markets, including emerging markets faster and more efficiently.</p>
<p>As RippleNet grows, we’ll continue to add a broad array of payment providers, from telcos and mobile wallets, to more traditional financial institutions. This way we can support and provide a leading financial network that can address the needs of a more interconnected and diverse global economy.</p>
<p>We’ll also continue to improve our technology and sync our capabilities to make payments even faster. Ripple’s goal is to provide a fluid flow of money that can help provide opportunity both into and out of emerging markets, but also broadly around the world.</p>
<p>As money begins to travel around the world with less barriers and higher speeds, we believe that we can get one step closer to an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> — a world where money can move like information does today.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xvia-opens-new-doors-in-emerging-markets/">xVia Opens New Doors in Emerging Markets</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ask Me Anything with Brad and Cory</title>
		<link>https://ripple.com/insights/ask-anything-brad-cory/</link>
		<pubDate>Wed, 25 Apr 2018 22:24:46 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16502</guid>
		<description><![CDATA[<p>Watch this recording of Ripple CEO Brad Garlinghouse being interviewed by Chief Market Strategist Cory Johnson that aired live on Wednesday April 25, 2018. The two discussed the 2018 Q1 XRP Markets Report, Ripple&#8217;s new customers over the quarter, updates in the XRP ecosystem and more. Please find a transcript below of their discussion. Cory: &#8230; <a href="https://ripple.com/insights/ask-anything-brad-cory/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-anything-brad-cory/">Ask Me Anything with Brad and Cory</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<div class="video-container"><iframe src="https://www.youtube.com/embed/6d3Czi4dgn0" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<div></div>
<div>Watch this recording of Ripple CEO Brad Garlinghouse being interviewed by Chief Market Strategist Cory Johnson that aired live on Wednesday April 25, 2018. The two discussed the 2018 Q1 XRP Markets Report, Ripple&#8217;s new customers over the quarter, updates in the XRP ecosystem and more. Please find a transcript below of their discussion.</div>
<div></div>
<div>
<p><strong>Cory:</strong> I&#8217;m Cory Johnson I&#8217;m the chief market strategist for Ripple. I&#8217;m here at Ripple Headquarters right here in downtown San Francisco with my boss Brad Garlinghouse. This is really weird because I have interviewed you for years when I was a journalist and now I work here.</p>
<p><strong>Brad:</strong> I know the tables have turned now you can&#8217;t ask the really biting questions.</p>
<p><strong>Cory:</strong> Oh I absolutely can and will. No so Ripple, indeed one of the reasons I joined the company is I felt like the company has a really good job of talking about what&#8217;s going on sharing what&#8217;s happened to the company coming out every quarter like this and talking about what the company&#8217;s doing and what&#8217;s happening both on the other products side and the XRP side and releasing that information in you know on a very regular basis every 13 weeks. Including doing something like this.</p>
<p><strong>Brad:</strong> You know I think transparency particularly in an ecosystem that we are living in both broadly the digital asset level, but also within the XRP ecosystem there&#8217;s a lot of participants there&#8217;s a lot of activity and I think Ripple is one important player in that ecosystem. It&#8217;s important that we&#8217;re transparent and important we&#8217;re proactive I think in trying to address questions.</p>
<p><strong>Cory:</strong> Well I want to get to the quarterly report about XRP sales which comes out and I&#8217;ve told people, if you want to know what the company&#8217;s doing with this issue of XRP and the ownership, just look every quarter we&#8217;ll tell you exactly what we&#8217;re doing we&#8217;ll lay it out in lots of detail. So I want to get that, but first I&#8217;m gonna look when I&#8217;ve been on the road for the last now almost two months I find myself having to make this distinction there&#8217;s XRP which is this digital asset that that is used and held by many people and then used by many companies to develop. Then there&#8217;s the business of Ripple making and selling software what are the highlights from the last quarter for you I would presume they&#8217;re almost all on me on the software side and the business side.</p>
<p><strong>Brad:</strong> Well first of all highlight is we hired Cory Johnson. Highlight number one.</p>
<p><strong>Cory:</strong> That was certainly yeah I think it was for me.</p>
<p><strong>Brad:</strong> I will start by saying we had our Q1 All Hands. At the end of each quarter we have in all hands we bring our team in for around the world we had actually in this space and we walked through everything that I kind of had transpired and you know for me it does start with customer traction we were we had an incredible quarter there&#8217;s no question about that we signed more than one production contract a week in Q1.</p>
<p><strong>Cory:</strong> I can say internally it was really cool to see the emails roll through. I wanted to of course to tell everyone about it, but I couldn&#8217;t. It&#8217;s just a fascinating thing to watch the momentum build.</p>
<p><strong>Brad:</strong> The momentum really has built and I think that&#8217;s partly we&#8217;re getting better what we do or be better at articulating how our products work, but another one is we&#8217;re adding nodes to the network. The value of a network grows by the square of the number of nodes on the network.</p>
<p><strong>Cory:</strong> Metcalfe&#8217;s law very good look at you.</p>
<p><strong>Brad:</strong> Exactly, and you know we definitely saw that increase in Q1 significantly we signed banks like Itau in Brazil, the biggest bank in Brazil. We signed in IndusInd in India. We signed LianLian Pay in China, as just a few examples. Another one that got some attention, but I particularly very excited about is we added the Saudi Arabian Monetary Authority, the Central Bank of Saudi Arabia, as a customer of Ripple&#8217;s. They joined Bank of England as a customer&#8217;s a central bank engaging with us and that also has really great secondary and tertiary impacts in working with the ecosystem throughout the Middle East.</p>
<p><strong>Cory:</strong> It&#8217;s more than a stamp of approval they&#8217;ve got the connections on the rails there<br />
in the Middle East.</p>
<p><strong>Brad:</strong> Right and they see that we&#8217;re moving from an analog to digital nature in terms of cross-border payment flows and they obviously leaned in and joined with us. So Q1 was not just adding great talent across the board across engineering in product, but also you know certainly the customer. We&#8217;re gonna continue to focus on driving solving real problems for real customers<br />
and I think Ripple remains the leader in real production enterprise use case for blockchain technology.</p>
<p><strong>Cory:</strong> Yeah the growth when I started interviewing in February, right you guys told me you had 190 employees. A few weeks later I have the job and I’m on the road with Ron Will our CFO and he&#8217;s telling people we&#8217;ve got 225 employees. That kind of like 10% growth in employees over the course of a few weeks, it&#8217;s fun to see that.</p>
<p><strong>Brad:</strong> Well when you sign as many production contracts in Q1 the thing I start to get concerned about is making sure that we continue to scale the organization to serve those customers and deploy them and engage them and make sure they have a great experience. At the end of the day we&#8217;re gonna measure success by volume. We&#8217;re gonna make it and that is gonna indicate<br />
how happy those customers are. We are solving that real problem reducing friction and increasing speed and reducing cost for the cross-border payments problem.</p>
<p><strong>Cory:</strong> Well I think that&#8217;s also one of the issues too we talked about. Which corridors are so important for this business and which banks are so important. I think I&#8217;ve started to figure out that I that we might make a bigger difference for smaller banks that don&#8217;t want to be up in commerce or in corridors, maybe not the corridors we think about sitting here in a major city in the US, but the corridors where it&#8217;s really expensive and really slow even worse than it is say US to Mexico.</p>
<p><strong>Brad:</strong> There&#8217;s no question and I think you know some people shudder and think about ok well<br />
wait a minute how do some of the big banks think about this. Look some of the largest banks in the world are leaning in a very big way both in what we&#8217;re doing with xCurrent, certainly what we&#8217;re doing at the rulebook which is something that we&#8217;re you know the process of finalizing also.</p>
<p><strong>Cory:</strong> Right so we&#8217;re talking xCurrent, which essentially is a replacement for SWIFT messaging doesn&#8217;t necessarily use XRP in transactions, probably doesn&#8217;t for most cases. But xRapid introduced fairly recently how is that going where is it going what&#8217;s working.</p>
<p><strong>Brad:</strong> Yeah it&#8217;s an important distinction and I think one of things we did a better job in Q1 is we were even more transparent and publishing to the world hey here&#8217;s what xCurrent is here&#8217;s how xCurrent works. That works if you have a bilateral relationship between two banks and there&#8217;s pre-funding what’s called nostro.</p>
<p><strong>Cory:</strong> Banks are already working together.</p>
<p><strong>Brad:</strong> That&#8217;s correct.</p>
<p><strong>Cory:</strong> They&#8217;re already using the relationships that they&#8217;ve established.</p>
<p><strong>Brad:</strong> There is already liquidity on both sides, but what happens is some of those financial<br />
institutions would say to us, well wait that works great for my existing relationships what about if I want to settle into a in a currency that I don&#8217;t have a relationship. xRapid solves that problem for liquidity. We entered into beta with that product late Q3 we signed our first pilot customer in Q4, which from my point of view to launch a product in beta and sign a customer that quickly was heroic.<strong>Cory:</strong> Especially in banking.</p>
<p><strong>Brad:</strong> Especially in banking.</p>
<p><strong>Cory:</strong> Where things aren&#8217;t known to move fast I don&#8217;t know if you&#8217;ve been to a bank.</p>
<p><strong>Brad:</strong> Yes. We signed and have announced six additional pilot customers on xRapid in Q1 including the Western Unions of the world the Cambridge FXs. So I think huge progress and you know I think we certainly will move from beta into production with xRapid this year. So xRapid starts to take, what we see is people starting to use it.</p>
<p><strong>Cory:</strong> I think also you were just talking to some people earlier. I caught some of the conversation and there was this notion about how banks are pulling out of the places where they&#8217;ve got currency pairs. They’re pulling out of places where they’ve already got corridors, so that business, even as we are going into it it is shrinking.</p>
<p><strong>Brad:</strong> You know it&#8217;s really kind of surprising, global commerce, global transactions continue to increase at you know a nice clip on a year-on-year basis. Correspondent banking, the nature of how cross-border transactions occur, the number of correspondent banking relationships has decreased by about fifty percent over the last ten years. That&#8217;s kind of fascinating. But so you ask so why is that happening and it&#8217;s because the cost of supporting those correspondent banking relationships is significant. You’re parking capital, you have dormant capital sitting over there you have compliance costs, particularly after some regulatory changes associated with something called Basel three which I won&#8217;t go into today.</p>
<p><strong>Cory:</strong> Well it&#8217;s not that complicated Basel three.</p>
<p><strong>Brad:</strong> You&#8217;re smarter than I am.</p>
<p><strong>Cory:</strong> Well no, banks had to have a lot of money in their balance sheet. And wherever they had it counted before Basel three. After Basel three wherever they had it it didn&#8217;t count if it was sitting waiting for a transaction to happen across borders, then it no longer counted as an asset towards their their reserve requirements.</p>
<p><strong>Brad:</strong> That&#8217;s exactly right. You said it brilliantly.</p>
<p><strong>Cory:</strong> It&#8217;s not that complicated, but that&#8217;s a big deal because suddenly the banks may have had some benefit of being in the corridor, in the in the cross-border payment business.</p>
<p><strong>Brad:</strong> Right the cost of supporting that corridor went up as with the changes in Basel three. What xRapid allows you to do is to still be enable payments into a country without being in<br />
that country. That may sound kind of you know crazy but that&#8217;s effectively what it&#8217;s doing and we&#8217;ve had banks around the world financial institutions and payments providers have leaned in and already started using as a pilot xRapid. I&#8217;m optimistic that if you&#8217;re solving a real problem for those customers it&#8217;s at a lower price and a better outcome that you&#8217;re gonna continue to see many financial solutions lean in.</p>
<p><strong>Cory:</strong> And just for clarity xCurrent does not require the use of XRP, but xRapid does.</p>
<p><strong>Brad:</strong> That&#8217;s correct.</p>
<p><strong>Cory:</strong> So there have also been some interesting things. I thought the Santander announcement of a consumer facing product using xCurrent is really interesting.</p>
<p><strong>Brad:</strong> Yeah so you know Santander has been one of our earliest customers they&#8217;ve been a fabulous partner all the way up to the chairwoman of Santander. They&#8217;ve been advocates of what we&#8217;re doing and they have been more and more public about some of the things they&#8217;re doing at their analyst day not too long ago. They talked very publicly about the number of corridors they wanted to be live in with Ripple&#8217;s technology this calendar year. This Q1 they publicly started talking more about One Pay FX and this is a consumer facing product that allows real-time payments across pounds to dollars pounds to euros euros to pounds etc. Originally they had launched that I think last summer intra-Santander for their employees.</p>
<p><strong>Cory:</strong> Employees, still a big deal.</p>
<p><strong>Brad:</strong> And this is now being launched across a very large, I think they have a hundred forty four million customers deposit accounts.</p>
<p><strong>Cory:</strong> I don&#8217;t think people understand when they use these interesting services like TransferWise, or Zelle, or PayPal, or Venmo while it&#8217;s a fancy interface on the front end it&#8217;s still the old jalopy in the back end that those companies are having to deal with. But it&#8217;s still moving money really slowly in the back end, or with a higher cost.</p>
<p><strong>Brad:</strong> It&#8217;s an important point. Sometimes when I&#8217;m at various conferences it&#8217;s interesting to me that a lot of the innovation we talk about in payments is really just happening it is a very very application layer. It&#8217;s constrained by everything underneath and you know from its inception Ripple has been focused on how do we reset the fundamental rail. How do we enable innovation throughout the payments experience by changing the nature of payments flow at the infrastructure level. That&#8217;s partly through things like xCurrent, messaging, or is partly through things like xRapid. And we&#8217;ve talked a little publicly about a product we have called xVia which is effectively a API wrapper to allow access to those first two.</p>
<p><strong>Cory:</strong> When I talk about that when I&#8217;m on the road is is how or what I&#8217;m here in San Francisco is is that it&#8217;s sort of like if you&#8217;re if you&#8217;re a corporation and you you&#8217;re lucky enough to have a bank that&#8217;s dealing with xCurrent and maybe a deal with xRapid and moving money really quickly how do you access that if you&#8217;re if you&#8217;re sitting in Amazon and you&#8217;ve got 250 300 engineers who are full-time writing API is to deal with all the payment problems and all the banks have got all over the world maybe this can reduce that cost for them and give them one single interface.</p>
<p><strong>Brad:</strong> That is absolutely the vision and to extent that companies can write to one API that allows them and a payment interface to many many currencies around the world many many payment networks and we talked about in an oil company that has truck drivers in Nigeria that they don&#8217;t have a bank account they want to be paid out on M-Pesa. Right. How does a bank enable that payment? What&#8217;s in some ways from an a kind of internet technologies point of view well that&#8217;s just an interoperability question in today&#8217;s payment infrastructure that&#8217;s actually hard to do.</p>
<p><strong>Cory:</strong> Right, let me paraphrase that. You could send a text message of that tech truck driver in a second. You can send him an email with the information about the money they were trying to pay him. But he&#8217;s still gotta wait you know at least a week.</p>
<p><strong>Brad:</strong> There&#8217;s a lot of fees in there as well. Particularly if it&#8217;s a lower value payment a lot of it gets eaten up with fees which isn&#8217;t great.</p>
<p><strong>Cory:</strong> So let&#8217;s talk about XRP a little bit. The company&#8217;s gotten a lot of attention the space has got a lot of attention because of the huge run-up in at the end of December and into January. During the first quarter however there was about a 70% meltdown across all of the entire space. What do you make of that and what does that tell us about the industry?</p>
<p><strong>Brad:</strong> Well the first thing I would say is the industry is still nascent. I have said publicly I think there continues to be a need for a maturation process and the whole industry is going to mature. I think we should expect there to continue to be a lot of volatility in the digital asset market broadly. Certainly we saw that in the XRP market as you pointed out. The whole industry the whole category was down roughly 70% and XRP was down about 70% also.</p>
<p><strong>Cory:</strong> Even as you pointed out we signed more deals than ever before, one can argue that XRP had one of the worst quarters ever maybe the worst quarter ever. Probably yeah. And yet Ripple had one of the best quarters ever.</p>
<p><strong>Brad:</strong> For sure well we definitely had our best quarter ever. I think it speaks to you know it is early days and there continues to be misinformation. There continues to be angst about hey what is the regulatory framework look like on a global basis. I think Ripple has been relatively unique in the whole ecosystem of saying, look we&#8217;re gonna lean in and we&#8217;re work with regulators, we&#8217;re gonna work with governments around the world and certainly I spent a lot of time in Q1 doing exactly that. And I think it&#8217;s important to educate explain you know that there&#8217;s still a lot of misinformation out there at a lot of levels.</p>
<p><strong>Cory:</strong> I was at a conference in Chicago on Monday and every panel someone brought up the question or had to deal with a question about whether a whatever crypto whatever is a security and you&#8217;re getting the question like crazy as am I. What&#8217;s your notion of that?</p>
<p><strong>Brad:</strong> I thought you were going to ask easy questions today.</p>
<p><strong>Cory:</strong> What made you think anything was changing here just because I&#8217;m working here now.</p>
<p><strong>Brad:</strong> Look first of all I think this is a really important question. It&#8217;s important that it&#8217;s discussed and I think it&#8217;s also important realized at the end of the day. This is going to be decided by the SEC not by pundits, not by academics, it&#8217;s going to be decided by the SEC and I think that&#8217;s important. I think what you&#8217;re seeing is an appropriate conversation because a lot of the activity in this space these are ICOs where the token has no utility and I think you&#8217;re going to find that the vast, vast, vast, vast majority of them are in fact going to be deemed securities. For me nothing has really changed and that I think it&#8217;s clear that XRP should not be viewed as a security and there&#8217;s three really important reasons: the first is it&#8217;s not a share of Ripple there&#8217;s a company called Ripple and there is an ecosystem around XRP and an open source technology called XRP and when you buy XRP it doesn&#8217;t give you shares or dividends or access to profits of Ripple the company.</p>
<p><strong>Cory:</strong> Well and lots of people developing on the XRP Ledger lots of other companies, I mean Michael Arrington is running this also sorry didn&#8217;t mean to jump like this. Michael Arrington is developing this entire fund of  XRP investments to help other companies develop on this technology.</p>
<p><strong>Brad:</strong> That&#8217;s exactly right. As are others. So if the first point is around it&#8217;s not a share in Ripple the second point is that the XRP ecosystem, the XRP Ledger is an open source free decentralized technology that exists independent of Ripple. If Ripple the company were to go away tomorrow the XRP ledger would continue to operate and continue to exist.</p>
<p><strong>Cory:</strong> We&#8217;re not going away tomorrow?</p>
<p><strong>Brad:</strong> No we just hired you everything is going to be great.</p>
<p><strong>Cory:</strong> I&#8217;ve got kids to feed.</p>
<p><strong>Brad:</strong> So I think it&#8217;s an important distinction around the independence. The third and as I referenced around some of these ICOs is, there&#8217;s a real utility in the XRP token. And you know I think to the extent it&#8217;s solving a real problem at scale and I think again we demonstrated it certainly in our usage of the XRP Ledger referenced and I think you are as you referenced you are seeing more companies take advantage of the XRP ledger and the reason is the XRP Ledger is about a thousand times cheaper per transaction than Bitcoin. It&#8217;s about a thousand times faster per transaction than Bitcoin. So I think you&#8217;re seeing other companies build other capabilities on top of the XRP Ledger. You&#8217;re going to continue to see that and I think you<br />
know we want to see you know the whole ecosystem thrive.</p>
<p><strong>Cory:</strong> I saw John Burbank last week of a different conference in New York. You know John?</p>
<p><strong>Brad:</strong> I do.</p>
<p><strong>Cory:</strong> Big Warriors fan. Warriors a partial owner there. And John he had this really interesting notion that I&#8217;ve been thinking about which is that the way a lot of people began to think about crypto whatever Bitcoin let&#8217;s say or XRP or ether or you know fill in the blank was through bombastic people on TV say me, reporting up the same kind of charts that we&#8217;ve always used on the same network using some of the same words that they&#8217;ve used to describe equities rising and so that on some level. Maybe even unconsciously people start to think about this price graph as if it&#8217;s a security, or as if it&#8217;s an equity even and that when John says at least when I look at it I see an adoption curve. I see the adoption of radio or TCP/IP or something like that that it that is hard to get your head around something that does have a price but it&#8217;s really about technological adoption. It isn&#8217;t tied to earnings growth and isn&#8217;t tied to how many sales people you can put on the street and then it has a different notion there and so that that these seemingly unsupportable rises in percentage gains value is really tied to adoption not tied to generate earnings power.</p>
<p><strong>Brad:</strong> Yeah it goes to the point like this is an important conversation and I think there&#8217;s some very smart people at the SEC. Obviously the CFTC has looked at this the IRS has looked at this,  all coming with different answers. I think it&#8217;s an important conversation and I think yeah we&#8217;re gonna continue to have it. I think you know smart thoughtful people are going to come out and I think it&#8217;s should be clear that XRP is not a security.</p>
<p><strong>Cory:</strong> Yeah so XRP Markets Report out today. Yes. Again I told people when I was thinking about taking this job was one of things that really like to see was this sort of level of disclosure. What did the company do in the first quarter with so the company sits on about sixty-one billion XRP?</p>
<p><strong>Brad:</strong> Plus or minus, yes.</p>
<p><strong>Cory:</strong> What happened with that in the first quarter?</p>
<p><strong>Brad:</strong> So this is the fifth time, fifth quarter consecutively we&#8217;ve done these XRP Markets Reports. And again as you pointed out it&#8217;s really a goal to be as transparent as possible. We are one important player in the XRP ecosystem and we want other participants in the XRP ecosystem to rest assure that we&#8217;re acting in the best interest of the whole ecosystem. You know what we we shared today showed that we did just under 10 basis points of daily market activity in terms of our sales into the market and that&#8217;s actually a decrease from previous quarters. We want to continue to be one of the very healthy stewards of developing the whole ecosystem.</p>
<p><strong>Cory:</strong> So at less than one tenth of 1%. So the notion that we were affecting the company&#8217;s sales of XRP were affecting the price, you never really know but&#8230;</p>
<p><strong>Brad:</strong> I think it&#8217;s clear no one person can affect the XRP markets directly. I think it is as we said it&#8217;s an open source decentralized technology. Ripple can&#8217;t control that I&#8217;m not aware of anyone can control that and I think you know we want to make sure that as one participant our activity is transparent that people are aware of how we&#8217;re thinking about and but it&#8217;s our view of here&#8217;s how we think the whole market behaved and acted and you know some of that is even beyond just the XRP market it&#8217;s also the digital asset market overall.</p>
<p><strong>Cory:</strong> I also when I think of it I also think that by having a little more XRP into the system trading it does create opportunities for market makers to make money and we know they&#8217;re making a lot of money as market makers, but also it does increase liquidity in those places where we want people to be able to do business or develop on that software or whatever.</p>
<p><strong>Brad:</strong> Liquidity is a key measure you know volume liquidity are key measures of the health of the overall ecosystem. All of the participants in the ecosystem benefit from that liquidity.</p>
<p><strong>Cory:</strong> And so to that I guess we&#8217;re doing some things as a company to try to help accelerate that liquidity the markets where we I suppose we want to be in every market but certainly markets where we&#8217;re doing business.</p>
<p><strong>Brad:</strong> For sure, we do a number of incentives that you know that we&#8217;ve been you know proactive in advertising we announced the program in Q4 actually called the RippleNet Accelerator Program and this is where we&#8217;re using frankly dollars as well as XRP to incentivize the adoption and the usage of these technologies. I actually think about it when I moved you know to Silicon Valley you know 21 years ago I think it was similar to a company you and I both know PayPal. You know I remember signing for PayPal I got a free $20. You know PayPal was driving these networks effects.</p>
<p><strong>Cory:</strong> It started off as $10 they raised it to $20 when they were slowing down.</p>
<p><strong>Brad:</strong> And then it went down to $5 I think as I recall.</p>
<p><strong>Cory:</strong> I know why because they were losing money.</p>
<p><strong>Brad:</strong> Well so we view this as how do we drive network effects and you know using incentives as part of those network effects even Visa in the earliest days of developing the Visa network used various incentives to drive those same behaviors. And so we&#8217;re really borrowing a page from people that came way before us and understanding how networks evolve and develop and using incentives as part of that makes it ton of sense to us.</p>
<p><strong>Cory:</strong> If only diners club its thought of the same thing. So diners club did not hire Snoop. But you were going to help arrange for me to have a little reunion. Do you know about my history Snoop Dogg? First tell me why why am I mentioning Snoop.</p>
<p><strong>Brad:</strong> Well so we are hosting you know as we&#8217;ve talked about there&#8217;s a lot of participants in the XRP ecosystem and so we&#8217;re hosting an XRP community night. This is for you know whether it&#8217;s wallet providers, exchanges, market makers, but everyone who&#8217;s in the ecosystem we frankly want to celebrate it&#8217;s been a tremendous year in many many ways and so we&#8217;re hosting an event as part of Blockchain Week in New York City and we decided to bring on some entertainment and at the event we&#8217;re hosting called XRP Community Night, Snoop Dogg is the<br />
entertainment.</p>
<p><strong>Cory:</strong> So Snoop Dogg, before I did this startup and before I did some media startups and say The Street.com. I did a couple magazines and one of them was Vibe Magazine with Quincy Jones and this young 19 year old rapper we put him on the covers on Dr. Dre&#8217;s new record, named Snoop Dogg. His name was Snoop Dogg and I had a big story in that issue.</p>
<p><strong>Brad:</strong> I&#8217;m sure he remembers you.</p>
<p><strong>Cory:</strong> I&#8217;m sure he can&#8217;t forget it and then in the first issue of Slam Magazine, which I also helped start we did a thing of fact-checking the things Snoop Dogg says about his basketball career as a high school player. He didn&#8217;t do all the things he said as a basketball player. We can discuss it with him in a few weeks. The last sort of aside from the business that we do, there was this DonorsChoose thing over the last quarter that I thought was really really cool.</p>
<p><strong>Brad:</strong> Yeah this was a powerful day and I think for Ripple employees and really I think everyone around the community it was a prideful day we decided to make a donation to an organization that I really can&#8217;t say enough good things about called DonorsChoose. DonorsChoose is an organization started by just an amazing CEO named Charles Best who recognized that the public school teachers were spending a lot of their own money to fund various projects in the classroom. So the the DonorsChoose website allows people to fund specific projects in your community maybe at your school.</p>
<p><strong>Cory:</strong> Example?</p>
<p><strong>Brad:</strong> Well I went to Topeka High School and certainly there are projects on there from Topeka High and we decided to fund every project in the entire United States and you know it was a<br />
privilege it was an honor you know Ripple has&#8230;</p>
<p><strong>Cory:</strong> And these are teachers who don&#8217;t have enough chalk for the classroom or teachers who want to do something take their kids on a field trip to the local museum, but can&#8217;t get them to or the school district won&#8217;t pay for it.</p>
<p><strong>Brad:</strong> Yeah I just think Ripple is incredibly privileged to be in a position we can give back and I think DonorsChoose is a organization that is worthy of not just our generosity, but everyone&#8217;s it&#8217;s an incredible organization.</p>
<p><strong>Cory:</strong> So in a little town in upstate New York where I grew up for the most part there was a teacher who rewards students who are doing well at reading and gives them a special chair to sit in. She wanted to buy another chair for these kids. And so I got this really nice email from her saying I was able to get this chair for my kids and it&#8217;s so great to help them read with this special chair. It&#8217;s those little things that the better teachers, the great teachers want to do, but don&#8217;t have the money for. I thought it was super cool school Stephen Colbert announced it. He&#8217;s on the board of DonorsChoose?</p>
<p><strong>Brad:</strong> That&#8217;s correct, yeah he&#8217;s been a longtime advocate of the program.</p>
<p><strong>Cory:</strong> Oh so I just want to say the thing again I get tired of saying it on the road, the difference between XRP and Ripple is what?</p>
<p><strong>Brad:</strong> XRP is, the XRP Ledger is an open source decentralized technology. Ripple is one of the<br />
companies in the XRP ecosystem that is building on top of that technology. To be honest it&#8217;s frustrating to me I continue to see journalists that I think conflate the two in many cases when they know there is a difference. They know it adds to the confusion and it&#8217;s clear that they are separate. They are distinct and  we will continue to make those points. And I think you&#8217;ll see more and more companies that are investing and building on top of the XRP Ledger which will make it clear. But you know there&#8217;s work to be done there and we&#8217;ll keep making those points.</p>
<p><strong>Cory:</strong> I&#8217;ve said to you before when I&#8217;ve interviewed over the course of last call it 15 years thanks<br />
for having me, but in this case I mean it. I appreciate it every other week.</p>
<p><strong>Brad</strong>: Absolutely, I think it&#8217;s important we do these on a regular basis. There&#8217;s a lot of misinformation out there we&#8217;ll keep trying to be proactive and clarifying and educating how Ripple is doing.</p>
<p><strong>Cory:</strong> So there&#8217;s your quarterly QA, Brad Garlinghouse and Cory Johnson, thanks for watching us.</p>
<p><strong>Brad:</strong> Thank you.</p>
</div>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ask-anything-brad-cory/">Ask Me Anything with Brad and Cory</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Q1 2018 XRP Markets Report</title>
		<link>https://ripple.com/insights/q1-2018-xrp-markets-report/</link>
		<pubDate>Wed, 25 Apr 2018 14:26:28 +0000</pubDate>
		<dc:creator><![CDATA[Miguel Vias]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16494</guid>
		<description><![CDATA[<p>To continue to provide transparency to the XRP ecosystem globally, we share regular updates on the state of the market, including quarterly sales, relevant XRP-related announcements and commentary on previous quarter market developments. Quarterly Sales In Q1 2018, market participants purchased $16.6 million directly from XRP II, LLC — our registered and licensed money service &#8230; <a href="https://ripple.com/insights/q1-2018-xrp-markets-report/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q1-2018-xrp-markets-report/">Q1 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p>To continue to provide transparency to the XRP ecosystem globally, we share regular updates on the state of the market, including quarterly sales, relevant XRP-related announcements and commentary on previous quarter market developments.</p>
<p><strong>Quarterly Sales</strong></p>
<p>In Q1 2018, market participants purchased $16.6 million directly from XRP II, LLC — our registered and licensed money service business (MSB). XRP II, LLC is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Additionally, the company sold $151.1 million worth of XRP programmatically, as a small percentage of overall exchange volume. These sales represented 0.095 percent (9.5 basis points) of the $160.0 billion traded globally in XRP in Q1. Significantly larger volumes of XRP were traded in Q1, particularly during the first half of the quarter, resulting in a notional increase in programmatic sales by Ripple.</p>
<p><strong>Escrow</strong></p>
<p>In Q1 2018, XRP was released out of a <a href="https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/">cryptographically-secured escrow account</a>. Three billion XRP was released out of escrow (one billion in January, February and March). However, 2.7 billion XRP was put back into new escrow contracts — 900 million in months 56, 57 and 58. The remaining 300 million XRP are being used in a variety of ways to help invest in the XRP ecosystem.</p>
<p><strong>Market Commentary: A Volatile Quarter, but XRP Market Share Increases</strong></p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph-1.png"><img class="aligncenter size-large wp-image-16497" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph-1-1024x455.png" alt="" width="1024" height="455" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph-1-1024x455.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Graph-1-300x133.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Graph-1-768x342.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>The rally that began in Q4 2017 continued into the start of the new year, before retracing consistently throughout the remainder of the quarter. The total market capitalization of all digital assets stood at $603.7 billion at the start of 2018, climbed to $835.5 billion by January 7, and finished the quarter at $263.5 billion — a 56.3 percent decline over the course of the quarter.</p>
<p><strong>XRP’s Fall Representative of Overall Digital Asset Market</strong></p>
<p>XRP’s overall market capitalization mirrored that of the overall digital asset market, though at times it was somewhat exaggerated in comparison. XRP began the quarter at $1.91 and finished the quarter at $0.51, a 73 percent drop from January 1. On March 31, 2018, XRP was up exactly 100 percent from the rally that began December 11. Broadly, Q1 market participants did not differentiate between different digital assets. While the Q4 rally was more sequential in nature, with interest in one asset waning as it increased in another, the Q1 retracement was indiscriminate, with the market collectively exiting positions. In fact, on February 25, XRP’s minimum 30-day correlation to the other top nine digital assets was 76 percent.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph2.png"><img class="aligncenter size-large wp-image-16498" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph2-1024x448.png" alt="" width="1024" height="448" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph2-1024x448.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Graph2-300x131.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Graph2-768x336.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>In addition, XRP had its highest volume quarter in history, with a total of $160.0 billion notional traded.</p>
<p><strong>Market Share of XRP Doubles</strong></p>
<p>Though XRP largely followed broader market price action in Q1, there were some significant deviations. For example, while the total market capitalization of all digital assets was the same on both November 24, 2017 and March 31, 2018, XRP’s share of that market capitalization doubled, rising from 3.56 percent to 7.57 percent — a continuation of a trend that first began in 2017.</p>
<p>XRP’s share of overall market volume (6.9 percent) also grew significantly compared to its share in Q4 (5.3 percent) and 2017 overall (5.0 percent). Part of the increase in XRP’s share of volume was driven by 18 new venues listing XRP in Q1, including both US-based <a href="https://techcrunch.com/2018/03/15/abra-adds-twenty-cryptocurrencies-to-its-wallet-app/">Abra</a> and <a href="https://ripple.com/insights/xrp-ecosystem-grows-with-new-listing-on-uphold/">Uphold</a>. This brought the total number of exchanges that list XRP to more than 60.</p>
<p>XRP’s volume was also driven by the extension of more than $16 million in new XRP loans from XRP II, LLC to market makers. A significant pain point for digital asset liquidity providers is the need to purchase or borrow assets in order to provide both bids and offers. Now, with the ability to secure cost-effective, capital-efficient XRP loans, market makers are less challenged to get involved in XRP markets. The added flexibility also allows liquidity providers to tighten spreads as their margins aren’t hampered by the high costs of sourcing inventory or by the risk of holding significant amounts of inventory.</p>
<p>For Ripple, this additional liquidity is useful for <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a> as it increases the capacity of order books to support cross-border payments. Also, incremental liquidity in order books will lower volatility over time, further increasing XRP’s ability to provide on-demand liquidity for xRapid.</p>
<p><strong>Important News Moments</strong></p>
<p>Q1 was dominated by headlines across the digital asset market. Those headlines ranged from specific xRapid customer announcements to regulatory developments around the globe.</p>
<p><strong>xRapid</strong></p>
<p>In Q1, Ripple announced five new xRapid pilot customers — <a href="http://fortune.com/2018/02/14/ripple-xrp-western-union-money-transfers/">Western Union</a>, <a href="https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/">Cambridge Global Payments</a>, <a href="http://www.businessinsider.com/ripple-cryptocurrency-xrp-adds-2-financial-services-firms-client-roster-2018-1">MercuryFX</a>, <a href="http://www.businessinsider.com/ripple-cryptocurrency-xrp-adds-2-financial-services-firms-client-roster-2018-1">IDT</a> and <a href="https://www.wsj.com/articles/moneygram-signs-deal-to-work-with-currency-startup-ripple-1515679285">MoneyGram</a>. The pilots, which involve live transactions, have continued to prove that xRapid can lower liquidity costs and dramatically increase payment speed and transparency using XRP. In Q2, Ripple will look to grow the number of xRapid pilots and work to move existing pilots into production.</p>
<p><strong>Changes to Major Index Prices</strong></p>
<p>On January 8, Coinmarketcap.com unexpectedly <a href="https://www.wsj.com/articles/a-crypto-website-changes-its-data-and-100-billion-in-market-value-vanishes-1515443100">removed South Korean digital asset exchanges from all of its index prices</a>. The decision seemed to be motivated by increasing premiums, sometimes as high as 40 percent on the Korean exchanges, which were dislocating prices on the site. The change artificially erased $100 billion in market value, which resulted in significant market turbulence. While it impacted all digital asset prices, XRP’s relatively high share of volume from the South Korean market meant its displayed price dropped disproportionately versus other top digital assets. XRP fell 19.1 percent versus an average of 7.2 percent for the other top five digital assets by market capitalization on Coinmarketcap.com’s index price.</p>
<p><strong>Continued Regulatory Developments</strong></p>
<p>While the Coinmarketcap.com index adjustment drove Q1 volatility initially, the primary driver of price action throughout the quarter seemed to be an anticipation of a more restrictive regulatory environment for digital assets across the globe. Local regulators became increasingly concerned about consumer protection in their respective countries. In early January, rumors swirled about an <a href="https://www.reuters.com/article/us-southkorea-bitcoin/uproar-over-crackdown-on-cryptocurrencies-divides-south-korea-idUSKBN1F10YG">outright ban</a> of digital assets in South Korea. Within days of that report, the country’s finance minister stated that an <a href="https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-says-no-plans-to-ban-cryptocurrency-exchanges-uncovers-600-million-illegal-trades-idUSKBN1FK09J">outright ban on digital assets was unrealistic</a>. The mixed reports, coupled with already turbulent market activity, drove 30-day volatility of daily returns to 23 percent on January 10, XRP’s second-highest volatility level following its April 2017 run up in price.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph3.png"><img class="aligncenter size-large wp-image-16499" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph3-1024x432.png" alt="" width="1024" height="432" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Graph3-1024x432.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Graph3-300x127.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Graph3-768x324.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>China furthered its tougher regulatory stance, <a href="https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/">increasing the scope of its bans on digital asset trading</a>. While initial coin offerings (ICOs) and digital asset-to-fiat currency exchange trading had already been banned in China, local regulators expanded the ban to over-the-counter (OTC) trading, digital asset trading on foreign exchanges and providers of online wallet services.</p>
<p>We also saw regulators take action against specific exchanges. In January, the <a href="https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc">CFTC subpoenaed Bitfinex and Tether</a> to investigate whether Tether had backed each of its digital coins with U.S. dollars held in reserve. And in Japan, regulators engaged Coincheck, which suffered the <a href="https://www.forbes.com/sites/outofasia/2018/01/29/tracing-back-stolen-cryptocurrency-xem-from-japans-coincheck/#736803277eb6">largest hack in digital asset history</a>, resulting in the loss of $534 million worth of NEM tokens.</p>
<p>The volatility of January spurred some <a href="https://www.coindesk.com/coinbase-confirms-4-banks-blocking-bitcoin-purchases-on-credit-cards/">financial institutions</a> to ban cryptocurrency purchases using their credit cards. Around the same time, Agustín Carstens, general manager for the Bank for International Settlements (BIS), described bitcoin as “<a href="https://www.ft.com/content/78bf5612-0b1a-11e8-839d-41ca06376bf2">a combination of bubble, Ponzi scheme, and an environmental disaster.</a>”</p>
<p>Further, many countries called for the G20 to consider how to regulate digital assets at their meeting in March. The Financial Stability Board noted to the G20 that rules are needed to ensure consumer protection, yet said “cryptoassets do not pose risks to global financial stability at this time.”</p>
<p>The G20 ended its March meeting <a href="https://back-g20.argentina.gob.ar/sites/default/files/media/communique_g20.pdf">stating</a>, “We acknowledge that technological innovation, including that underlying crypto-assets, has the potential to improve the efficiency and inclusiveness of the financial system and the economy more broadly.” Additionally, the G20 announced it will continue monitoring the technology, collecting more information through the summer to ensure its regulatory recommendations capture risk without stifling innovation.</p>
<p>This viewpoint lays the foundation for a thoughtful regulatory framework.</p>
<p>Additionally, positive developments continued at the country level:</p>
<ol>
<li><strong>Mexico’s Senate</strong> approved a bill that creates a regulatory framework for fintech, including digital assets. Now awaiting the president’s approval, the bill creates the foundation for <a href="https://ripple.com/ripple_press/ripple-applauds-mexicos-lower-house-of-congress-for-passing-fintech-rules/">greater enterprise adoption</a>.</li>
<li>The <strong>European Commission</strong> issued a <a href="http://europa.eu/rapid/press-release_IP-18-1403_en.htm?locale=en">Fintech Action Plan</a> that embraces many new technologies. The Commission is studying digital assets and will issue a report on their use cases later this year.</li>
<li>The <strong>United Kingdom</strong>’s government announced a <a href="https://www.gov.uk/government/news/fintech-sector-strategy-launched-at-international-fintech-conference">Cryptoassets Task Force</a> to ensure the country will “be at the forefront of harnessing the potential benefits” while safeguarding against risk.</li>
</ol>
<p>If you’re interested in the last two quarterly reports, you can find Q4 2017 <a href="https://ripple.com/insights/q4-2017-xrp-markets-report/">here</a> and Q3 2017 <a href="https://ripple.com/xrp/q3-2017-xrp-markets-report/">here</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/q1-2018-xrp-markets-report/">Q1 2018 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>XRP Community Comes Together for Blockchain Week</title>
		<link>https://ripple.com/insights/xrp-community-comes-together-for-blockchain-week/</link>
		<pubDate>Tue, 24 Apr 2018 15:59:53 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16481</guid>
		<description><![CDATA[<p>At Ripple, we’ve always pledged our commitment to helping build XRP liquidity and a healthy and trusted market. Without question, we are huge fans. XRP is uniquely set apart. Proven faster (seconds vs. minutes), more scalable (1,500 transactions per second) and less costly (fractions of a penny) than other digital assets, XRP is ideally suited &#8230; <a href="https://ripple.com/insights/xrp-community-comes-together-for-blockchain-week/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrp-community-comes-together-for-blockchain-week/">XRP Community Comes Together for Blockchain Week</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Ripple_Snoop_XRPCommunity.png"><img class="aligncenter size-large wp-image-16482" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Ripple_Snoop_XRPCommunity-1024x512.png" alt="" width="1024" height="512" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Ripple_Snoop_XRPCommunity.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Ripple_Snoop_XRPCommunity-300x150.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Ripple_Snoop_XRPCommunity-768x384.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>At Ripple, we’ve always pledged our commitment to helping build XRP liquidity and a healthy and trusted market. Without question, we are huge fans.</p>
<p>XRP is uniquely set apart. Proven faster (seconds vs. minutes), more scalable (1,500 transactions per second) and less costly (fractions of a penny) than <a href="https://ripple.com/xrp/xrp-stacks-digital-assets/">other digital assets</a>, XRP is ideally suited for removing friction from global payments.</p>
<p>While we are laser-focused on furthering this specific use case, XRP is much bigger than Ripple. Recall that the XRP Ledger was created before the formation of Ripple and has always been and will always be an <a href="https://github.com/ripple/rippled">open-source project</a> that exists independently of the company.</p>
<p>Like all open-sourced, decentralized technology &#8212; it’s powered by a growing community. XRP’s diverse community consists of financial institutions, exchanges, wallets, validators, educators, developers, market makers, enthusiasts, entrepreneurs and more.</p>
<p>Much of this group will be in New York City for <a href="https://www.coindesk.com/events/consensus-2018/blockchain-week/">Blockchain Week</a> next month. As special thanks to those who are building liquidity, validating transactions, developing on the XRP Ledger, looking to <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a> as a liquidity solution and sharing the good word about XRP’s many benefits, we’re hosting a special night.</p>
<p>This VIP gathering will feature a live music performance by Snoop Dogg. While this is an invite-only event, we will offer 10 tickets via Twitter over the coming weeks.</p>
<p>Together, let’s raise a glass to celebrate the passion, focus and innovation of the XRP community and the revolutionary nature of the technology behind it!</p>
<p><strong>How to Win</strong></p>
<p>To win a ticket to XRP Community night, we invite you to participate in two @Ripple contests this month.</p>
<ol>
<li><span style="text-decoration: underline;">Twitter Trivia</span>: 4pm PST on Thursday, April 26</li>
<li><span style="text-decoration: underline;">Make the Meme</span>: 3:30pm PST on Wednesday, May 2 to 3:30pm PST on Thursday, May 3</li>
</ol>
<p>We ask that you carefully read and follow the rules for each contest to be eligible to win.</p>
<p>Please note this is a private event. Tickets can not be purchased, and we will limit admission to those on the invite list and our contest winners. Please note this does not include travel.</p>
<p><strong>Twitter Trivia Rules</strong></p>
<ul>
<li>Twitter trivia begins promptly at 4pm PST on Thursday, April 26.</li>
<li>We will share three questions via @Ripple and ask the community to respond with their answers before 5pm PST.</li>
<li>To be eligible, you must answer all three question in a single tweet, mention @Ripple and include #XRPCommunity in your response.</li>
<li>You will have only one chance to respond; your first tweet will be considered your entry.</li>
<li>The first eight participants to get all three answers to trivia questions correct will win one ticket to XRP Community Night.</li>
<li>We will DM you at 6pm PST on Thursday, April 26 if you are a winner, and you will have 12 hours to respond confirming your acceptance of the ticket and your ability to join us at XRP Community night.</li>
<li>We will publicly announce all eight winners at 4pm PST on Friday, April 27.</li>
</ul>
<p><strong>Make the Meme Rules</strong></p>
<ul>
<li>Make the meme runs for 24-hour period starting at 3:30pm PST on Wednesday, May 2 and ending at 3:30pm PST on Thursday, May 3.</li>
<li>We will share two images and prompts, and ask the community to create captions for each image.</li>
<li>To be eligible, you must include the prompt to which you’re responding (“p1” or “p2”), mention @Ripple and include #XRPCommunity in your response.</li>
<li>You will have only one chance to respond to each prompt; your first tweet for each will be considered your entry.</li>
<li>We will select the best caption for each of the two images, and the two participants responsible for them will each win one free ticket to XRP Community Night.</li>
<li>We will DM you at 6pm PST on Thursday, May 3 if you are a winner, and you will have 12 hours to respond confirming your acceptance of the ticket and your ability to join us at XRP Community night.</li>
<li>We will publicly announce the two winners at 4pm PST on Friday, May 4.</li>
<li>We will also share the finalists’ memes via @Ripple and credit their handle following the contest.</li>
</ul>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrp-community-comes-together-for-blockchain-week/">XRP Community Comes Together for Blockchain Week</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Santander Launches First Mobile App for Global Payments Using Ripple’s xCurrent</title>
		<link>https://ripple.com/insights/santander-launches-first-mobile-app-for-global-payments-using-ripples-xcurrent/</link>
		<pubDate>Thu, 12 Apr 2018 15:59:12 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16462</guid>
		<description><![CDATA[<p>Santander One Pay FX — the first Ripple-enabled mobile app for cross-border payments using xCurrent — is now available to Santander’s retail customers in the U.K. One Pay FX gives Santander’s customers the ability to make EUR and USD payments to Euro Zone countries and the U.S, respectively. International payments made on the app reach &#8230; <a href="https://ripple.com/insights/santander-launches-first-mobile-app-for-global-payments-using-ripples-xcurrent/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/santander-launches-first-mobile-app-for-global-payments-using-ripples-xcurrent/">Santander Launches First Mobile App for Global Payments Using Ripple’s xCurrent</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/740_460_cajeros_690.jpg"><img class="size-full wp-image-16465 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2014/10/740_460_cajeros_690.jpg" alt="" width="690" height="325" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/740_460_cajeros_690.jpg 690w, https://cdn.ripple.com/wp-content/uploads/2014/10/740_460_cajeros_690-300x141.jpg 300w" sizes="(max-width: 690px) 100vw, 690px" /></a></p>
<p><a href="https://www.appstore.com/">Santander One Pay FX</a> — the first Ripple-enabled mobile app for cross-border payments using <a href="https://ripple.com/solutions/process-payments/">xCurrent</a> — is now available to Santander’s retail customers in the U.K.</p>
<p><a href="https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/Santander-News/2018/04/12/Santander-launches-the-first-blockchain-based-international-money-transfer-service-across-four-countries-.html">One Pay FX</a> gives Santander’s customers the ability to make EUR and USD payments to Euro Zone countries and the U.S, respectively. International payments made on the app reach their destination within one day, versus three to five days on average for traditional wire transfers.</p>
<p>With the launch of the service, Santander will become the first bank to roll out a blockchain-based international payments service to retail customers in multiple countries simultaneously.</p>
<p>The roll out of One Pay FX will also provide a critical service to the millions of Santander customers who depend on international payments services.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/One-Pay-FX.png"><img class="aligncenter size-large wp-image-16471" src="https://cdn.ripple.com/wp-content/uploads/2014/10/One-Pay-FX-1024x652.png" alt="" width="1024" height="652" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/One-Pay-FX-1024x652.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/One-Pay-FX-300x191.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/One-Pay-FX-768x489.png 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/One-Pay-FX.png 1185w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander, said Ana Botín, executive chairman of Banco Santander. “Transfers to Europe can be made on the same day and we are aiming to deliver instant transfers across several markets by the summer.”</p>
<p><strong>Ripple also supports cross-border payments for Santander in Spain, Brazil and Poland</strong></p>
<p>Ripple will also enable cross-border payments for Santander customers in Brazil, Spain and Poland using xCurrent. Customers in those countries will now see faster transaction times.</p>
<p>“Ripple’s products, including xCurrent, help financial institutions across the globe enhance their customer experience by making the global movement of money more fluid,” said Marcus Treacher, Ripple’s SVP of customer success. “With One Pay FX, Santander customers in can now send payments across borders in a fast and simple way.”</p>
<p>Santander is one of the largest banks in the world with over 133 million customers and nearly 14,000 retail branches. Santander plans to roll out the technology, to more countries and will eventually support instant payments.</p>
<p>As more financial institutions like Santander adopt and build upon Ripple <a href="https://ripple.com/solutions/">solutions</a>, we can eliminate the friction in global payments, and will be one step closer to establishing an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> —  where money moves as information does today.</p>
<p>To learn how to use Ripple’s solutions or to become a member RippleNet <a href="https://ripple.com/contact/#sales">contact us.</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/santander-launches-first-mobile-app-for-global-payments-using-ripples-xcurrent/">Santander Launches First Mobile App for Global Payments Using Ripple’s xCurrent</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Invests $25 Million to Drive Innovation in Blockchain and Digital Assets</title>
		<link>https://ripple.com/insights/ripple-invests-25-million-to-drive-innovation-in-blockchain-and-digital-assets/</link>
		<pubDate>Wed, 11 Apr 2018 13:01:17 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16453</guid>
		<description><![CDATA[<p>Ripple has invested $25 million in XRP to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space. The $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams that are building businesses using blockchain technology. &#8230; <a href="https://ripple.com/insights/ripple-invests-25-million-to-drive-innovation-in-blockchain-and-digital-assets/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-invests-25-million-to-drive-innovation-in-blockchain-and-digital-assets/">Ripple Invests $25 Million to Drive Innovation in Blockchain and Digital Assets</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_670309021-e1523403461685.jpg"><img class="aligncenter size-large wp-image-16456" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_670309021-1024x640.jpg" alt="" width="1024" height="640" /></a></p>
<p>Ripple has invested $25 million in <a href="https://ripple.com/xrp/">XRP</a> to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space.</p>
<p>The $150 million fund managed by <a href="http://blockchain.capital/">Blockchain Capital</a> will invest in entrepreneurial teams that are building businesses using blockchain technology. The investment will also provide an opportunity to identify new use cases for the XRP Ledger and <a href="https://interledger.org/">Interledger Protocol</a>.</p>
<p>As open source platforms, the XRP Ledger and Interledger Protocol provide an avenue for developers to work directly with the technology and build on it. While Ripple’s primary focus has been to remove friction from cross-border payments, the investment in Blockchain Capital&#8217;s fund provides an opportunity to support and develop additional use cases beyond payments.</p>
<p>“As pioneers in the blockchain sector, we have been on the frontlines and in the trenches with our portfolio companies, like Ripple, building a new crypto ecosystem,” said Bart Stephens, co-founder and managing partner of Blockchain Capital. “There are entire verticals — such as healthcare or identity management — that could benefit from blockchain or distributed ledger technology.”</p>
<p>“Whether it’s using XRP, bitcoin or just the underlying blockchain technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long term.”</p>
<p>As the ecosystem around blockchain continues to expand and develop, Ripple will look to support new use cases of the technology including more investments in business use cases developed by entrepreneurial teams and funds.</p>
<p>“Blockchain Capital is the premiere fund for any project looking to get off the ground in the blockchain space. They have a proven track record for finding and funding the projects that matter,” said Patrick Griffin, SVP of Strategic Growth at Ripple. “This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies.”</p>
<p>Ripple believes in supporting the XRP Ledger and Interledger Protocol and will continue to look for opportunities to support entrepreneurs, companies and funds that share this vision.</p>
<p>To learn more about the fund visit Blockchain Capital’s <a href="http://blockchain.capital/">website</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-invests-25-million-to-drive-innovation-in-blockchain-and-digital-assets/">Ripple Invests $25 Million to Drive Innovation in Blockchain and Digital Assets</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>XRP Ecosystem Grows with New Listing on Uphold</title>
		<link>https://ripple.com/insights/xrp-ecosystem-grows-with-new-listing-on-uphold/</link>
		<pubDate>Thu, 29 Mar 2018 20:56:46 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16411</guid>
		<description><![CDATA[<p>Uphold — the digital wallet with debit, credit and automated clearing house capability (ACH) —  now allows users to exchange XRP with 34 different currencies, commodities and digital assets. This listing highlights the expanding XRP ecosystem and deepening pool of liquidity available worldwide. The Uphold platform’s U.S. users can now access XRP directly, no steps &#8230; <a href="https://ripple.com/insights/xrp-ecosystem-grows-with-new-listing-on-uphold/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrp-ecosystem-grows-with-new-listing-on-uphold/">XRP Ecosystem Grows with New Listing on Uphold</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/uphold-logo-vertical-color-big-e1522431412188.jpg"><img class="aligncenter size-large wp-image-16413" src="https://cdn.ripple.com/wp-content/uploads/2014/10/uphold-logo-vertical-color-big-1024x907.jpg" alt="" width="1024" height="907" /></a></p>
<p><a href="https://uphold.com/">Uphold</a> — the digital wallet with debit, credit and automated clearing house capability (ACH) —  now allows users to exchange <a href="https://ripple.com/xrp/">XRP</a> with 34 different currencies, commodities and digital assets.</p>
<p>This listing highlights the expanding XRP ecosystem and deepening pool of liquidity available worldwide.</p>
<p>The Uphold platform’s U.S. users can now access XRP directly, no steps in between. They can also exchange seven digital assets, including XRP, with twenty-three fiat currency and four precious metals, and send money instantly to other members anywhere in the world.</p>
<p>Uphold currently does not allow for the transfer of XRP to an external wallet, but the company plans to introduce this capability to users soon.</p>
<p>“The XRP ecosystem is diversifying and growing rapidly,” said Miguel Vias, head of XRP markets at Ripple. “The listing of XRP on Uphold, a strong retail platform that offers customers easy access to digital assets, underscores the significant increase in interest for XRP.”</p>
<p><strong>Uphold provides members with real-time transparency of digital assets</strong></p>
<p>With digital asset transactions totaling more than three billion dollars to date, Uphold offers a full reserve of member funds and provides complete transparency of its transaction flows, assets and solvency directly through their <a href="https://uphold.com/en/transparency">website</a>.</p>
<p>This high standard of transparency now applies to XRP &#8212; further increasing consumer visibility for the digital asset and a positive sign for the future of digital asset transactions.</p>
<p>“Uphold provides our members with the most cost-effective and transparent way to hold, send or convert money anywhere,” said J.P. Theriot, Vice Chairman of Uphold.  “Adding XRP to our available currencies is a natural and exciting step forward for our platform.”</p>
<p>With every new listing, the XRP ecosystem grows and diversifies, and the pool of liquidity available to users around the world becomes greater. To learn more about how Ripple sources liquidity from XRP for on-demand cross-border payments, visit our solutions page for <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrp-ecosystem-grows-with-new-listing-on-uphold/">XRP Ecosystem Grows with New Listing on Uphold</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org</title>
		<link>https://ripple.com/insights/ripple-executives-proud-support-americas-public-schools-29-million-xrp-donation-donorschoose-org/</link>
		<pubDate>Wed, 28 Mar 2018 03:57:04 +0000</pubDate>
		<dc:creator><![CDATA[Monica Long]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16382</guid>
		<description><![CDATA[<p>Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin. Take, for example, Ripple’s mission to establish an Internet of Value: a world where money can move like information. In part, it’s the &#8230; <a href="https://ripple.com/insights/ripple-executives-proud-support-americas-public-schools-29-million-xrp-donation-donorschoose-org/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-executives-proud-support-americas-public-schools-29-million-xrp-donation-donorschoose-org/">Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/BSD3-1-million-students-e1522191291164.png"><img class="aligncenter size-large wp-image-16385" src="https://cdn.ripple.com/wp-content/uploads/2014/10/BSD3-1-million-students-1024x512.png" alt="" width="1024" height="512" /></a></p>
<p>Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin.</p>
<p>Take, for example, Ripple’s mission to establish an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>: a world where money can move like information. In part, it’s the teachers we encounter in our formative years that enable us to pursue ambitious goals like this.</p>
<p>We’re thrilled to announce that Ripple and its executive team are giving back to America’s teachers with a $29 million dollar donation in <a href="https://ripple.com/xrp/">XRP</a> to DonorsChoose.org.</p>
<div class="video-container">
<blockquote class="twitter-video" data-lang="en">
<p dir="ltr" lang="en">Join <a href="https://twitter.com/StephenAtHome?ref_src=twsrc%5Etfw">@StephenAtHome</a> and <a href="https://twitter.com/JonBatiste?ref_src=twsrc%5Etfw">@JonBatiste</a> in celebrating this big announcement from <a href="https://twitter.com/DonorsChoose?ref_src=twsrc%5Etfw">@DonorsChoose</a> and <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a>: $29M for classroom projects! <a href="https://twitter.com/hashtag/DonorsChoose?src=hash&amp;ref_src=twsrc%5Etfw">#DonorsChoose</a> <a href="https://t.co/Q2Y8xhZb1w">pic.twitter.com/Q2Y8xhZb1w</a></p>
<p>— The Late Show (@colbertlateshow) <a href="https://twitter.com/colbertlateshow/status/978842869044690944?ref_src=twsrc%5Etfw">March 28, 2018</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
</div>
<p><em>*Note: Ripple did not create XRP, but you probably knew that already.</em></p>
<p>Through DonorsChoose.org, teachers can easily create classroom project requests that support their students’ needs, and donors are able to give to the projects that inspire them.</p>
<p>Our donation fulfilled every request listed on the nonprofit&#8217;s website yesterday. Today, nearly 30,000 public school teachers in every state and approximately one million students are receiving books, school supplies, technology, field trips, and other resources vital for learning through DonorsChoose.org.</p>
<p>You can join us by <a href="https://www.donorschoose.org/">contributing to the new projects that teachers are already creating on DonorsChoose.org</a>. As part of the #BestSchoolDay campaign, you can give to teachers and students within your community, where you grew up or just because they inspire you.</p>
<p>As a company, we’re focused on removing the friction from cross-border payments to promote more inclusion and accessibility within the global economy. DonorsChoose.org applies the same principles of inclusion and accessibility to education.</p>
<p>We’re proud to be working with DonorsChoose.org to nurture the next generation of leaders at public schools across America.</p>
<div class="video-container"><iframe src="https://www.youtube.com/embed/MWtUoDjMXZk" width="100%" height="410" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
<div></div>
<div>For more information on how Ripple is giving back to the community <a href="https://ripple.com/company/giving-back/">click here</a>.</div>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-executives-proud-support-americas-public-schools-29-million-xrp-donation-donorschoose-org/">Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Tour de Schwartz</title>
		<link>https://ripple.com/insights/tour-de-schwartz/</link>
		<pubDate>Fri, 23 Mar 2018 17:55:12 +0000</pubDate>
		<dc:creator><![CDATA[Reinhard Cate]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16373</guid>
		<description><![CDATA[<p>The one and only David Schwartz — Ripple’s chief cryptographer and one of the original architects of the XRP consensus network — is currently on tour in Asia. He’ll be featured on panels, lead a workshop and attend meetups in the region. David is on the ground building connections with the XRP community, sharing his &#8230; <a href="https://ripple.com/insights/tour-de-schwartz/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/tour-de-schwartz/">Tour de Schwartz</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz-1.png"><img class="aligncenter size-full wp-image-16372" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz-1.png" alt="" width="1024" height="1024" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz-1.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz-1-150x150.png 150w, https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz-1-300x300.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Tour_De_Schwartz-1-768x768.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>The one and only <a href="https://twitter.com/JoelKatz">David Schwartz</a> — Ripple’s chief cryptographer and one of the original architects of the <a href="https://ripple.com/xrp/">XRP</a> consensus network — is currently on tour in Asia.</p>
<p>He’ll be featured on panels, lead a workshop and attend meetups in the region. David is on the ground building connections with the XRP community, sharing his perspectives on the broader blockchain industry and showcasing the technology behind the XRP Ledger.</p>
<p>David is now in Hong Kong with additional stops in Japan and South Korea over the next two weeks. Here’s a detailed breakdown of where he’s been, where he’s going and ways to engage with him along the way:</p>
<p>David’s first stop this week was the <a href="https://ff.co/#/">Founders Forum</a> in Hong Kong where he participated in a panel discussion with leading blockchain experts. David shared his views on how blockchain is changing financial services, security issues in blockchain protocol and Ripple’s vision for payments.</p>
<p>David also attended a cocktail hour for <a href="https://www.token2049.com">Token 2049</a> on Wednesday, an event where one startup <a href="http://fortune.com/2018/03/21/cryptocurrency-coin-ico-airdrop-mainframe/">literally made it rain physical tokens from the sky</a> in what they called an “airdrop” to raise funds.</p>
<p>His final stop in Hong Kong was a <a href="https://www.eventbrite.hk/e/meetup-with-ripples-chief-cryptographer-david-schwartz-tickets-44281250412#">meetup</a> hosted by <a href="https://orichal.io/">Orichal Partners</a>, a multi-strategy digital asset investment and blockchain advisory firm in Asia.</p>
<p>On Tuesday, March 27th, David lands in Tokyo where he’ll attend <a href="http://tokyo.slush.org/">Slush Tokyo</a>’s <a href="http://tokyo.slush.org/event-side-events/">Opening Night</a> alongside Chief Technology Officer <a href="https://twitter.com/justmoon">Stefan Thomas</a> and the rest of the Ripple team. Ripple is co-hosting the night with the Slush Tokyo team, and David will be mingling with attendees during the event.</p>
<p>Following a keynote speech by Stefan on the morning of Wednesday March 28th, David will lead a workshop on Ripple’s <a href="https://ripple.com/solutions/">solutions</a>, the performance of the XRP Ledger and how XRP will contribute to a future <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>.</p>
<p>His final stop is Seoul for <a href="https://www.deconomy.com/">Deconomy</a>, April 2-3rd, where David will be among several featured, industry leaders to speak live on stage, including <a href="https://twitter.com/VitalikButerin">Vitalik Buterin</a> and <a href="https://twitter.com/rogerkver">Roger Ver</a>.</p>
<p>We’re excited to follow David’s appearances over the coming weeks, and we’ll bring you the best highlights from Tour de Schwartz via Twitter. Follow us <a href="https://twitter.com/Ripple">@Ripple</a> and David at <a href="https://twitter.com/JoelKatz">@JoelKatz</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/tour-de-schwartz/">Tour de Schwartz</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan</title>
		<link>https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/</link>
		<pubDate>Wed, 07 Mar 2018 03:00:01 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16277</guid>
		<description><![CDATA[<p>The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week. “MoneyTap” is the first mobile app of its kind to be developed and used by multiple, different banks &#8230; <a href="https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/">Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_552100717.jpg"><img class="aligncenter size-full wp-image-16278" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_552100717.jpg" alt="" width="1000" height="667" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_552100717.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_552100717-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_552100717-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week.</p>
<p>“MoneyTap” is the first mobile app of its kind to be developed and used by multiple, different banks in the country.</p>
<p>Three members of the Japan bank consortium: SBI Net Sumishin Bank, Suruga Bank and Resona Bank will be the first to go live on the mobile app in autumn of 2018. This will be followed by a staggered roll out to the rest of consortium.</p>
<p>The Japan bank consortium, led by SBI Ripple Asia, is comprised of 61 banks covering more than 80% of all banking assets in Japan. MoneyTap will have the potential to provide on-demand payments to the vast majority of the country through this consortium.</p>
<p>Flexibility with domestic payments is limited in Japan: transactions must occur on weekdays and between 8:30 am and 3:30 pm or risk delays.</p>
<p>While there are discussions to change the window on the current banking rail system to make it accessible 24 hours a day and seven days a week, the cost of implementing it would be high.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/MoneyTap-App2.jpg"><img class="aligncenter size-full wp-image-16287" src="https://cdn.ripple.com/wp-content/uploads/2014/10/MoneyTap-App2.jpg" alt="" width="1000" height="714" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/MoneyTap-App2.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/MoneyTap-App2-300x214.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/MoneyTap-App2-768x548.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p><strong>Blockchain powered domestic payments will speed transactions and lower costs</strong></p>
<p>“MoneyTap” allows the bank consortium customers to make instant domestic payments and only requires a bank account, phone number, or QR code.</p>
<p>What’s more, MoneyTap helps shed the costs associated with existing banking and ATM fees that are currently applied to domestic money transfers in Japan, making those payments not just faster, but cost less overall.</p>
<p>“We are proud to leverage Ripple’s blockchain technology through our new mobile app, MoneyTap, to improve the payments infrastructure in Japan,” said Takashi Okita, CEO of SBI Ripple Asia.</p>
<p>“Together with the trust, reliability and reach of the bank consortium, we can remove friction from payments and create a faster, safer, and more efficient domestic payments experience for our customers.”</p>
<p><strong>Ripple wants to revolutionize domestic and cross-border payments</strong></p>
<p>Ripple has long focused on providing solutions to the problems associated with cross-border payments. Currently, over 100 financial institutions use xCurrent and Ripple has made recent new additions to pilots of xRapid that incorporates XRP into on-demand international payment flows.</p>
<p>However, the power of blockchain can be applied to solving domestic payment issues as well.</p>
<p>“The release of the MoneyTap mobile app shows Ripple’s continued commitment to provide its partners across Asia and the world with blockchain-powered solutions that dramatically improve the customer payments journey,” said Emi Yoshikawa, director of joint venture partnerships at Ripple.</p>
<p>“We’re proud to provide this production-ready technology that not only improves the international payments experience, but also have applications for domestic payments infrastructure.”</p>
<p>Removing friction from both domestic and international payments is central to Ripple’s mission of establishing an Internet of Value, where money can move like information — instantly.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/">Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Cambridge to Use XRP for Faster Global Payments</title>
		<link>https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/</link>
		<pubDate>Thu, 01 Mar 2018 13:00:10 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16254</guid>
		<description><![CDATA[<p>Cambridge Global Payments — a subsidiary of FLEETCOR Technologies and a leading global provider of commercial payment solutions — is launching a pilot program to use XRP in cross-border payment flows through xRapid. Cambridge currently has over 13,000 clients around the world and handles $20 billion in international transactions annually. Incorporating XRP in those flows &#8230; <a href="https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/">Cambridge to Use XRP for Faster Global Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/Cambridge-logo.png"><img class="aligncenter size-large wp-image-16253" src="https://cdn.ripple.com/wp-content/uploads/2014/10/Cambridge-logo-1024x578.png" alt="" width="1024" height="578" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/Cambridge-logo-1024x578.png 1024w, https://cdn.ripple.com/wp-content/uploads/2014/10/Cambridge-logo-300x169.png 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/Cambridge-logo-768x434.png 768w, https://cdn.ripple.com/wp-content/uploads/2014/10/Cambridge-logo.png 1518w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p><a href="http://www.cambridgefx.com/home/">Cambridge Global Payments</a> — a subsidiary of <a href="http://www.fleetcor.com/">FLEETCOR Technologies</a> and a leading global provider of commercial payment solutions — is launching a pilot program to use <a href="https://ripple.com/xrp/">XRP</a> in cross-border payment flows through <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a>.</p>
<p>Cambridge currently has over 13,000 clients around the world and handles $20 billion in international transactions annually. Incorporating XRP in those flows will provide their clients with a cross-border payments experience that is significantly faster, cheaper and more transparent.</p>
<p>Cambridge joins five major financial institutions who have publicly announced that they are piloting xRapid, including <a href="http://www.cuallix.com/">Cuallix</a>, <a href="http://www.moneygram.com/">MoneyGram</a>, <a href="http://www.idt.net/">IDT Corporation</a>, <a href="https://www.mercury-fx.com/">Mercury FX</a> and <a href="https://www.westernunion.com/us/en/home.html">Western Union</a>.</p>
<p>They are also exploring <a href="https://ripple.com/solutions/process-payments/">xCurrent</a>, Ripple’s enterprise software for messaging and international transaction settlement currently used by over <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">100 financial institutions</a>.</p>
<p><strong>Cambridge looks to use xRapid to improve their customer experience</strong></p>
<p>Cambridge works with businesses, large and small, to facilitate critical and secure payments for fuel, toll, lodging, and general payables through its own proprietary payment networks in North America, Latin America, Europe and Australasia.</p>
<p>These international payment flows allow for a streamlined experience for customers who depend on Cambridge to ensure their businesses stay healthy and expand. With xRapid, Cambridge aims to provide an even better experience for those customers.</p>
<p>Mark Frey, chief operating officer for Cambridge Global Payments, is confident that blockchain powered solutions like xRapid can not only help Cambridge improve their customers’ payments journey, but also spur critical innovation in their industry.</p>
<p>“We are excited for the insights this pilot program is expected to deliver, and we will use that information to help both Cambridge and FLEETCOR develop our use cases for blockchain in international payments,” said Frey.</p>
<p>“We strive to deliver best-in-class cross-border payments services, with speed and transparency. We look forward to exploring how Ripple can help us continue to improve the customer experience using new technology.”</p>
<p><strong>Continued adoption of digital assets will revolutionize cross-border payments</strong></p>
<p>As Cambridge and more financial institutions begin to use xRapid to source liquidity, capital locked up around the world required in today’s fractured system for international payments can become available and put to use in new ways.</p>
<p>Ripple’s director of business development, Danny Aranda, believes that partners like Cambridge recognize the revolutionary potential using XRP has for financial institutions.</p>
<p>“We’re focused on working with partners like Cambridge that understand the benefits of digital assets and are serious about using XRP to overcome the inefficiencies in the global payment system,” said Aranda. “We look forward to collaborating with Cambridge during this pilot to enhance the speed and transparency of cross-border payments for their clients.”</p>
<p>The efficiency of cheaper and on-demand international payments using digital assets like XRP together with the release of dormant capital, is an important step forward toward Ripple’s mission of establishing an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>, where money can move like information.</p>
<p>To learn more, please visit our <a href="https://ripple.com/solutions/">solutions</a> page.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/">Cambridge to Use XRP for Faster Global Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Continued Decentralization &#038; the XRP Ledger Consensus Protocol</title>
		<link>https://ripple.com/insights/continued-decentralization-xrp-ledger-consensus-protocol/</link>
		<pubDate>Wed, 21 Feb 2018 16:00:40 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16205</guid>
		<description><![CDATA[<p>In May of 2017, Ripple announced its preliminary strategy to increase decentralization and ensure that no single entity has operational control of the XRP Ledger. Our last update, in October, laid out the details of our two phase plan. The first phase is well underway: Ripple has migrated to using validator manifests, improved validator security, &#8230; <a href="https://ripple.com/insights/continued-decentralization-xrp-ledger-consensus-protocol/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/continued-decentralization-xrp-ledger-consensus-protocol/">Continued Decentralization &#038; the XRP Ledger Consensus Protocol</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_749922058.jpg"><img class="aligncenter size-full wp-image-16207" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_749922058.jpg" alt="" width="1000" height="553" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_749922058.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_749922058-300x166.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_749922058-768x425.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>In May of 2017, Ripple announced its preliminary strategy to increase <a href="https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/">decentralization</a> and ensure that no single entity has operational control of the XRP Ledger.</p>
<p><a href="https://ripple.com/dev-blog/decentralization-strategy-update/">Our last update</a>, in October, laid out the details of our two phase plan.</p>
<p>The first phase is well underway: Ripple has migrated to using validator manifests, improved validator security, and published a recommended Unique Node List (UNL) using the new Dynamic UNL infrastructure.</p>
<p>Phase II will see independent validators added to the recommended UNL. During that time, for every two independent validators that are added in the recommended UNL, one Ripple-operated validator will be removed.</p>
<p>The end state will be a network with a varied set of validators, operated by multiple entities from different locations, all sharing one common goal: the long term health and stability of the XRP Ledger.</p>
<p>Beyond our work on decentralization, we have also focused on refining and improving the XRP Ledger Consensus Protocol, the algorithm underlying the XRP Ledger.</p>
<p>Today, members of the research and development teams at Ripple released two new academic research papers on the XRP Ledger Consensus Protocol that we will be submitting for peer review:</p>
<p>The first is a <a href="https://arxiv.org/abs/1802.07242">review of the XRP Ledger Consensus Protocol</a>, which refines our previous algorithm analysis, and formally proves that the algorithm ensures safety (no forks) and liveness (does not stall) in the currently planned phases of decentralization.</p>
<p>The second paper <a href="https://arxiv.org/abs/1802.07240">introduces Cobalt</a>, a novel, asynchronous consensus algorithm that will improve the existing XRP Ledger Consensus Protocol by allowing for the flexibility to create more diverse UNLs.</p>
<p>Maintaining our momentum towards further decentralization is critical for XRP Ledger to reach its full potential. We&#8217;re proud of how far we&#8217;ve come. The XRP Ledger is the only public blockchain that has experienced no reversed transactions, no censorship and no major operational issues for over five years. We look for that track record to continue as the XRP community takes on more and more responsibilities.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/continued-decentralization-xrp-ledger-consensus-protocol/">Continued Decentralization &#038; the XRP Ledger Consensus Protocol</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>RippleNet Strengthens Emerging Markets Access into India, Brazil and China</title>
		<link>https://ripple.com/insights/ripplenet-strengthens-emerging-markets-access-into-india-brazil-and-china/</link>
		<pubDate>Wed, 21 Feb 2018 10:00:51 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16196</guid>
		<description><![CDATA[<p>According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global population and account for almost &#8230; <a href="https://ripple.com/insights/ripplenet-strengthens-emerging-markets-access-into-india-brazil-and-china/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-strengthens-emerging-markets-access-into-india-brazil-and-china/">RippleNet Strengthens Emerging Markets Access into India, Brazil and China</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_264678923.jpg"><img class="aligncenter size-full wp-image-16200" src="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_264678923.jpg" alt="" width="1000" height="647" srcset="https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_264678923.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_264678923-300x194.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2014/10/shutterstock_264678923-768x497.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with <a href="http://www.worldbank.org/en/news/press-release/2017/10/03/remittances-to-recover-modestly-after-two-years-of-decline">India and China</a> having the highest incoming flows in 2017.</p>
<p>Together with this massive flow of capital, <a href="https://www.imf.org/en/News/Articles/2015/09/28/04/53/sp020416">emerging markets</a> are home to 85 percent of the global population and account for almost 60 percent of global GDP.</p>
<p>With a growing global need not just for access, but more efficient, transparent and cost-effective payments into and out of emerging markets — new financial institutions have joined RippleNet: two banks and three payment providers — that will expand reach in India, Brazil and China.</p>
<p><a href="https://www.itau.com.br/">Itaú Unibanco</a>, Brazil’s largest private sector bank and <a href="https://www.ft.com/content/784a9c32-aa7b-11e7-93c5-648314d2c72c">Latin America’s biggest bank by market capitalization</a>; <a href="https://www.indusind.com/">IndusInd</a>, a leading private sector bank in India; and <a href="https://www.instarem.com/">InstaReM</a>, a major remittance provider based in Singapore, will use <a href="https://ripple.com/solutions/process-payments/">xCurrent</a> to provide faster, more transparent cross-border payments to other financial institutions around the world.</p>
<p>Two fast-growing global remittance providers, <a href="https://www.beetech.global/">Beetech</a> in Brazil and <a href="http://zipremit.ca/">Zip Remit</a> in Canada, will both use <a href="https://ripple.com/solutions/send-payments/">xVia</a> to open payment corridors for their customers around the world. Additionally, both will look to establish a connection for their customers into China, an opportunity that is now possible thanks to the recent addition of <a href="https://ripple.com/insights/lianlian-pay-joins-ripplenet-provide-faster-payments-china/">LianLian International</a> to RippleNet earlier this month.</p>
<p><strong>RippleNet members have increased access to Southeast Asia</strong></p>
<p>With over 500,000 transactions per year from Australia, Canada, Hong Kong, Singapore and India, InstaRem will use RippleNet to connect their customers to over 60 countries worldwide.</p>
<p>Prajit Nanu, co-founder and CEO of InstaReM, is excited to see the company join RippleNet and to serve as an additional bridge into broader Southeast Asia for other RippleNet members.</p>
<p>“We are pleased to partner with Ripple,” said Nanu. “Now, RippleNet members will be able to process a large number of payouts in Southeast Asian countries through InstaReM’s secure rails.”</p>
<p>InstaRem is able to send funds to over 3 billion people around the world and has a growing customer base of over 40,000 businesses and individuals who rely on their services. By joining RippleNet, InstaRem will be able to provide a faster, cheaper and more transparent payments experience to every one of their customers.</p>
<p><strong>RippleNet makes payments cheaper for customers in emerging markets</strong></p>
<p>For financial institutions that want to provide a better payments service into and out of emerging markets, adopting Ripple’s leading blockchain solution for cross-border payments is the obvious answer.</p>
<p>RippleNet’s end-to-end communication and ability to settle transactions instantly means that members can save their customers both time and money, something incredibly important in developing countries where financial flexibility is often limited.</p>
<p>Patrick Griffin, Ripple’s head of business development, believes that providing faster cross-border transactions at a lower cost is especially crucial for customers in emerging markets.</p>
<p>“The payments problem is a global problem, but its negative impact disproportionally affects emerging markets,” said Griffin.</p>
<p>“Whether it’s a teacher in the U.S. sending money home to his family in Brazil, or a small business owner in India trying to move money to open up a second store in another country, it’s imperative that we connect the world’s financial institutions into a payments system that works for their customers, not against them.”</p>
<p>RippleNet’s continued expansion ultimately makes cross-border payments easier and less expensive, bringing the world closer to an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>, where money can move like information.</p>
<p>To learn more, please visit our <a href="https://ripple.com/solutions/">solutions page</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-strengthens-emerging-markets-access-into-india-brazil-and-china/">RippleNet Strengthens Emerging Markets Access into India, Brazil and China</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple and Saudi Arabian Monetary Authority (SAMA) Offer Pilot Program for Saudi Banks</title>
		<link>https://ripple.com/insights/ripple-and-saudi-arabian-monetary-authority-offer-pilot-program-for-saudi-banks/</link>
		<pubDate>Wed, 14 Feb 2018 14:10:31 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=16130</guid>
		<description><![CDATA[<p>The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent. This ground-breaking pilot program is the first of its kind to be launched by a central bank. Participating banks &#8230; <a href="https://ripple.com/insights/ripple-and-saudi-arabian-monetary-authority-offer-pilot-program-for-saudi-banks/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-and-saudi-arabian-monetary-authority-offer-pilot-program-for-saudi-banks/">Ripple and Saudi Arabian Monetary Authority (SAMA) Offer Pilot Program for Saudi Banks</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_452598712.jpg"><img class="alignnone size-full wp-image-16131" src="https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_452598712.jpg" alt="" width="800" height="504" srcset="https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_452598712.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_452598712-300x189.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_452598712-768x484.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>The <a href="http://www.sama.gov.sa/en-US/Pages/default.aspx">Saudi Arabian Monetary Authority</a> (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using <a href="https://ripple.com/solutions/process-payments/">xCurrent</a>.</p>
<p>This ground-breaking pilot program is the first of its kind to be launched by a central bank. Participating banks from the KSA will use xCurrent to instantly settle payments sent into and out of the country, with greater transparency and lower costs.</p>
<p>SAMA’s support of KSA banks using blockchain technology has the potential to radically shift how banks in the country send money globally. The KSA now has access to every financial institution (banks and payment providers) on RippleNet, which will not only help modernize their payments systems, but also further their reach into major corridors.</p>
<p>Additionally, KSA banks’ customers will experience faster, cheaper and more transparent cross-border transactions. SAMA will also provide interested Saudi banks with program management and training.</p>
<p><b>xCurrent pilot program helps fuel global momentum for blockchain</b></p>
<p>SAMA is the second central bank to support the use blockchain technology to revolutionize payments, following the Bank of England’s successful <a href="https://ripple.com/insights/results-of-the-bank-of-englandripple-proof-of-concept-published-today/">proof of concept with Ripple</a> in 2017.</p>
<p>Over <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">100 financial institutions</a> already rely on Ripple to power end-to-end tracking and instant settlement for their payments around the world. The addition of the SAMA pilot program is part of a larger global trend favoring blockchain solutions for payments.</p>
<p>Dilip Rao, the global head of infrastructure innovation at Ripple, believes the agreement with SAMA is part of a wave of recognition by financial institutions of the impact blockchain solutions can have on payments.</p>
<p>“Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers,” said Rao.</p>
<p>“SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution.”</p>
<p>To learn more about xCurrent and Ripple’s other solutions to revolutionize cross-border payments visit our <a href="https://ripple.com/solutions/">solutions page</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-and-saudi-arabian-monetary-authority-offer-pilot-program-for-saudi-banks/">Ripple and Saudi Arabian Monetary Authority (SAMA) Offer Pilot Program for Saudi Banks</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>LianLian International Joins RippleNet to Provide Faster Payments into China</title>
		<link>https://ripple.com/insights/lianlian-pay-joins-ripplenet-provide-faster-payments-china/</link>
		<pubDate>Wed, 07 Feb 2018 14:00:11 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15970</guid>
		<description><![CDATA[<p>In order to support the influx of global payments sent to the Chinese e-commerce market and provide a superior customer experience, LianLian  — a leading Chinese payment provider with 150 million registered users — has joined RippleNet to receive real-time, cross-border remittances and e-commerce payments.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/lianlian-pay-joins-ripplenet-provide-faster-payments-china/">LianLian International Joins RippleNet to Provide Faster Payments into China</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_252677680.jpg"><img class="alignnone size-full wp-image-16089" src="https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_252677680.jpg" alt="" width="800" height="534" srcset="https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_252677680.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_252677680-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2018/02/shutterstock_252677680-768x513.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>Online retail is massive in China and it&#8217;s only getting bigger. In fact, the Chinese e-commerce market totaled <a href="https://www.shopify.com/enterprise/global-ecommerce-statistics">$672 billion in 2017</a> — the largest contributor to the $4 trillion global e-commerce market — and cross-border e-commerce transactions into the country are projected to reach <a href="http://www.chinadaily.com.cn/business/2017-10/30/content_33890583.htm">$1.32 trillion in 2018</a>.</p>
<p>In order to support the influx of global payments sent to the Chinese e-commerce market and provide a superior customer experience, <a href="http://www.lianlianpay.com/international/">LianLian International</a> — a leading Chinese money service company licensed in Hong Kong with 150 million registered users in the region — has joined RippleNet to receive real-time, cross-border remittances, invoice payments and e-commerce payments.</p>
<p>LianLian will use <a href="https://ripple.com/solutions/process-payments/">xCurrent</a> — Ripple’s settlement solution that offers end-to-end tracking — to power cross-border transactions between China, the U.S., and Europe.</p>
<p>LianLian joins Ripple’s existing network of <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">more than 100 financial institutions</a> to provide faster, cheaper, and frictionless cross-border payment solutions to its customers.</p>
<p><strong>xCurrent powers cheaper, more efficient transactions</strong></p>
<p>Each year, LianLian processes billions in payments between merchants and consumers including major online retail sites, such as <a href="https://www.amazon.com/">Amazon</a>, <a href="https://www.aliexpress.com/">Ali Express,</a> and <a href="https://www.ebay.com/">eBay</a> — making it one of the largest money service companies serving China&#8217;s massive e-commerce market.</p>
<p>“LianLian International is a leader in payout experience both into and out of China, as evidenced by the large number of our merchants and partners,” said LianLian CEO Arthur Zhu.“</p>
<p>&#8220;With RippleNet, we will further enhance that experience and increase our market share by offering customers instant, blockchain-powered payments across the 19 currencies that we currently support. We look forward to working with Ripple to power payment flows between China and RippleNet members in new markets.”</p>
<p>xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. xCurrent will dramatically increase efficiency, opening the door for a higher volume of transactions between merchants and consumers in China and other markets.</p>
<p><strong>LianLian International a connection into China for RippleNet members</strong></p>
<p>The addition of LianLian also serves as a major gateway into China for other members of RippleNet. With financial institutions already in Japan, South Korea, Thailand, and India on RippleNet, transaction volume between members can occur more efficiently and cost-effectively.</p>
<p>“Cross-border payments related to China’s e-commerce market reached $1.07 trillion in 2017. There is a huge opportunity to make these payments quicker and more cost-efficient,” said Emi Yoshikawa, director of joint venture partnerships at Ripple.</p>
<p>“With RippleNet, LianLian International will now be able to give merchants and consumers quicker, more cost-efficient payments into China, which they weren’t able to before. We also look forward to connecting other RippleNet members to LianLian.”</p>
<p>The addition of LianLian is yet another step forward in Ripple’s mission of furthering the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>. By connecting and powering cross-border payments between financial institutions such as LianLian and their customers across the globe, Ripple believes it can help money move the same way digital information moves — instantly.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/lianlian-pay-joins-ripplenet-provide-faster-payments-china/">LianLian International Joins RippleNet to Provide Faster Payments into China</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>SBI Virtual Currencies to Exclusively List XRP at Launch</title>
		<link>https://ripple.com/insights/sbi-virtual-currencies-to-exclusively-list-xrp-at-launch/</link>
		<pubDate>Tue, 30 Jan 2018 16:00:30 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15963</guid>
		<description><![CDATA[<p>SBI Holdings announced that its newly released digital asset exchange — SBI Virtual Currencies — will use XRP as the only digital asset supported at launch.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/sbi-virtual-currencies-to-exclusively-list-xrp-at-launch/">SBI Virtual Currencies to Exclusively List XRP at Launch</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_724864858-e1517003685451.jpg"><img class="size-full wp-image-15966 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_724864858-e1517003685451.jpg" alt="" width="800" height="450" /></a></p>
<p>Adding to the momentum behind XRP’s growing global liquidity, SBI Holdings announced that its newly released digital asset exchange — SBI Virtual Currencies — will use <a href="https://ripple.com/xrp/buy-xrp/">XRP</a> as the only digital asset supported at launch.</p>
<p>SBI Holdings is the leading financial service company in Japan. Their subsidiary, SBI Securities, is Japan’s largest online securities company with more than 4 million brokerage accounts. SBI Virtual Currencies launched in beta on January 30. The exchange is designed to provide a respected and reliable exchange for both its institutional customers and individual digital asset buyers in Japan.</p>
<p>XRP’s strong institutional use case and scalability (1,500 transactions per second) coupled with the growing demand for XRP in Japan, made the digital asset a natural fit for the launch.</p>
<p>In a <a href="https://ripple.com/insights/sbi-holdings-views-on-blockchain-and-xrp-an-interview-with-yoshitaka-kitao/">post</a> last August, SBI Holdings CEO and Executive Chairman Yoshitaka Kitao, told Ripple Insights why SBI Holdings believes so strongly in XRP.</p>
<p>“Not only does it have a clear use case, XRP is faster, cheaper and more scalable than any other digital asset,” Mr. Kitao said. “I strongly believe it will become the global standard in digital currencies.”</p>
<p><strong>SBI Virtual Currencies looks to join xRapid ecosystem</strong></p>
<p>SBI Virtual Currencies (SBI VC) is looking to join the <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a> ecosystem — Ripple’s enterprise-grade solution — to help institutions source liquidity for cross-border payments between Japan and the rest of the world. Ripple will eventually integrate SBI VC&#8217;s APIs so that xRapid users — payment providers and banks who are transferring money into and out of Japan — can convert XRP to JPY and JPY to XRP instantly through SBI VC.</p>
<p>The high cost of liquidity inherent to cross-border payments is significantly decreased with xRapid, providing payment providers and banks with an efficient, scalable, and low-cost liquidity option — all while improving their customers’ experience.</p>
<p>Ripple’s senior vice president of business development, Patrick Griffin, believes that the partnership with SBI VC is another step toward reaching the company’s mission of establishing an Internet of Value, where money can move as freely as information.</p>
<p>“Today’s decision to make XRP the primary digital asset of SBI Virtual Currencies shows the utility, efficiency, and scalability respected financial institutions around the world see in XRP. This is a critical step forward in our mission to build XRP liquidity and build an Internet of Value,” said Griffin.</p>
<p>For more information about xRapid or any of Ripple’s solutions, visit Ripple’s <a href="https://ripple.com/solutions/">Solutions</a> page.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/sbi-virtual-currencies-to-exclusively-list-xrp-at-launch/">SBI Virtual Currencies to Exclusively List XRP at Launch</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>More Global Payment Providers, IDT and MercuryFX, Sign Up to Use XRP</title>
		<link>https://ripple.com/insights/more-global-payment-providers-idt-and-mercuryfx-sign-up-to-use-xrp/</link>
		<pubDate>Wed, 24 Jan 2018 14:02:11 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15876</guid>
		<description><![CDATA[<p>Ripple is proud to announce that two new partners — IDT Corporation and MercuryFX  — will now use xRapid to quickly settle retail remittances and corporate transactions.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/more-global-payment-providers-idt-and-mercuryfx-sign-up-to-use-xrp/">More Global Payment Providers, IDT and MercuryFX, Sign Up to Use XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_189475994.jpg"><img class="alignnone size-full wp-image-15916" src="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_189475994.jpg" alt="" width="800" height="518" srcset="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_189475994.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_189475994-300x194.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_189475994-768x497.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>As the remittance market grows in emerging and major corridors, so too does the need to make payments real-time, transparent and certain.</p>
<p>In fact, global remittances — which include flows to high-income countries — <a href="http://www.worldbank.org/en/news/press-release/2017/10/03/remittances-to-recover-modestly-after-two-years-of-decline">were estimated to be $596 billion </a>in 2017.</p>
<p>To serve the bustling remittance market, Ripple is proud to announce that two new partners — <a href="http://www.idt.net/">IDT Corporation</a> and <a href="https://www.mercury-fx.com/">MercuryFX</a> — will now use <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a> to settle retail remittances and corporate transactions quickly.</p>
<p>Both companies join <a href="https://ripple.com/insights/moneygram-use-xrp-faster-international-payments/">MoneyGram</a> and Cuallix, who will use <a href="https://ripple.com/xrp/buy-xrp/">XRP</a> in their payment flows, to enable on-demand liquidity for global payments.</p>
<p><strong>MercuryFX and IDT use XRP to improve customer experience</strong></p>
<p>IDT and MercuryFX both have unique customers and business models. However, they share a common goal of continuously improving their customer experience.</p>
<p>For MercuryFX — a leading global currency exchange provider — their focus is on challenging the status quo in retail remittance payments. Similar to Ripple’s goal of reducing friction in global payments, MercuryFX wants to help payments move in real time, providing a more efficient and transparent customer experience.</p>
<p>“Ripple, XRP and fiat currency fit hand in glove. What we’re doing together is realizing one of the best use cases for frictionless transactions, which is international settlement. xRapid allows us to drive down the cost of currency exchange and global settlement, making our customers more competitive and saving them tens of millions of dollars each year.</p>
<p>“Digital assets promise fast transaction speeds but XRP is far faster than all of them, including bitcoin. Cutting settlement times from hours and days to just three seconds or less will remove billions of dollars in unnecessary intermediary fees,” said Alastair Constance, CEO and founder of Mercury FX.</p>
<p>For IDT — a publicly traded telecommunications company, which facilitates online money transfers between individuals — the goal is to make sure their customers can send low-cost global payments.</p>
<p>&#8220;Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process,” said Alfredo O’Hagan, senior vice president of IDT’s consumer payments business.</p>
<p>“We’re excited to pilot Ripple’s xRapid solution for on-demand liquidity. We expect that xRapid will enable us to settle more transactions in real-time and at a lower cost.”</p>
<p><strong>Payment providers contributing to Internet of Value  </strong></p>
<p>The growing institutional adoption of XRP, through the on-demand liquidity solution, xRapid, shows that real progress is being made towards building the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value (IoV)</a>.</p>
<p>IoV is Ripple’s long-term vision for moving money the same way information moves today — instantly.</p>
<p>With xRapid and XRP, financial institutions can eliminate the need for costly intermediaries or pre-funded Nostro accounts in destination currencies.</p>
<p>Now, these payment providers will be able to send real-time payments at a low cost while giving customers visibility into the status of their payments.</p>
<p>&#8220;It’s no secret that XRP is faster and more efficient than bitcoin or any other digital asset. It settles in three seconds and at fractions of a penny,” said Brad Garlinghouse, CEO of Ripple. “Payment providers like IDT Corporation and MercuryFX are early movers because they understand what XRP can do for their business and customer experience. We&#8217;re excited to have them at the forefront of the Internet of Value.&#8221;</p>
<p>Learn more about how <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a> can help your financial institution source on-demand liquidity and send real-time payments.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/more-global-payment-providers-idt-and-mercuryfx-sign-up-to-use-xrp/">More Global Payment Providers, IDT and MercuryFX, Sign Up to Use XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Top 9 Frequently Asked Questions About Ripple and XRP</title>
		<link>https://ripple.com/insights/top-9-frequently-asked-questions-ripple-xrp/</link>
		<pubDate>Thu, 18 Jan 2018 18:33:19 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15837</guid>
		<description><![CDATA[<p>In order to clear up any misconceptions about Ripple and XRP, we’ve published answers to nine of the most frequently asked questions that the Ripple team has received. This list will be updated regularly as news and new developments unfold.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/top-9-frequently-asked-questions-ripple-xrp/">Top 9 Frequently Asked Questions About Ripple and XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_517701790.jpg"><img class="alignnone size-full wp-image-15838" src="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_517701790.jpg" alt="" width="800" height="534" srcset="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_517701790.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_517701790-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_517701790-768x513.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>The market interest about Ripple and <a href="https://ripple.com/xrp/">XRP</a> has reached a fever pitch, and naturally, people have questions about the company, the digital asset, how it’s used and where to buy it.</p>
<p>In order to clear up any misconceptions about Ripple and XRP, we’ve published answers to nine of the most frequently asked questions that the Ripple team has received. This list will be updated regularly as news and new developments unfold.</p>
<p><strong>1. How do I buy XRP?</strong><br />
XRP is available for purchase on more than 60 <a href="https://ripple.com/insights/xrp-now-available-on-50-exchanges-worldwide/">digital asset exchanges worldwide</a>, many of which are listed <a href="https://ripple.com/xrp/buy-xrp/">on this page</a>. Please note that Ripple does not endorse, recommend, or make any representations with respect to the gateways and exchanges that appear on that page. Every exchange has a different process for purchasing XRP.</p>
<p>If you’ve already purchased XRP and have a question about your purchase, then please reach out to the exchange directly. In order to maintain healthy XRP markets, it’s a top priority for Ripple to have XRP listed on top digital asset exchanges, making it broadly accessible worldwide. Ripple has dedicated resources to the initiative so you can expect ongoing progress toward creating global liquidity.</p>
<p><strong>2. What is the difference between XRP, XRP Ledger, and Ripple?</strong><br />
XRP is the digital asset native to XRP Ledger. The XRP Ledger is an open-source, distributed ledger. Ripple is a privately held company.</p>
<p><strong>3. How many financial institutions have adopted XRP?</strong><br />
As of May 2018, <a href="https://ripple.com/insights/moneygram-use-xrp-faster-international-payments/">MoneyGram</a>, <a href="https://ripple.com/insights/more-global-payment-providers-idt-and-mercuryfx-sign-up-to-use-xrp/">MercuryFX, IDT</a>, <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">Cuallix</a>, <a href="http://fortune.com/2018/02/14/ripple-xrp-western-union-money-transfers/">Western Union, </a><a href="https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/">Cambridge Global Payments</a>, <a href="https://www.coindesk.com/fx-firm-tests-xrp-payments-in-ripple-xrapid-pilot-program/">Currencies Direct </a>and <a href="https://www.businesswire.com/news/home/20180510005148/en/Ripple-Reports-Positive-Results-xRapid-Pilots">Viamericas</a>— eight major payment providers — have publicly announced their pilot use of XRP in payment flows through <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a> to provide liquidity solutions for their cross-border payments. Ripple has a growing pipeline of financial institutions that are also interested in using XRP in their payment flows.</p>
<p><strong>4. How secure is XRP? Do I have to use exchanges?</strong><br />
The XRP Ledger is where XRP transactions occur and are recorded. The software that maintains the Ledger is open source and executes continually on a distributed network of servers operated by a variety of organizations. It’s an open-source code base that actively develops and maintains the ledger. Since XRP Ledger’s inception, we’ve worked to make the Ledger more resilient and resistant to a single point of failure through decentralization, a process that continues today.</p>
<p>To purchase XRP you must use an exchange or gateway and/or have a digital wallet. Ripple does not endorse, recommend, or make any representations with respect to gateways, exchanges, or wallets, but please see the list of exchanges that offer XRP here.</p>
<p><strong>5. Is the XRP Ledger centralized?</strong><br />
This is a top misconception with the XRP Ledger. Centralization implies that a single entity controls the Ledger. While Ripple contributes to the open-source code of the XRP Ledger, we don’t own, control, or administer the XRP Ledger. The XRP Ledger is decentralized. If Ripple ceased to exist, the XRP Ledger would continue to exist.</p>
<p>Ripple has an interest in supporting the XRP Ledger for several reasons, including contributing to the longer-term strategy to encourage the use of XRP as a liquidity tool for financial institutions. Decentralization of the XRP Ledger is an ongoing process that started right at its inception. <a href="https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/">In May 2017, we publicly shared our decentralization strategy.</a></p>
<p>First, we<a href="https://ripple.com/insights/xrp-ledger-decentralizes-expansion-55-validator-nodes/"> announced plans</a> to continue to diversify validators on the XRP Ledger, which we expanded to 55 validator nodes in July 2017. We also shared plans to add attested validators to Unique Node Lists (UNLs), and announced over the course of 2017 and 2018, for every two attested third-party validating nodes that meet the objective criteria mentioned above, we will remove one validating node operated by Ripple, until no entity operates a majority of trusted nodes on the XRP Ledger.</p>
<p>We believe these efforts will increase the XRP Ledger’s enterprise-grade resiliency and robustness, leading to XRP’s continued adoption as the best digital asset for payments.</p>
<p><strong>6. Which wallet should I use?</strong><br />
Ripple does not endorse, recommend, or make any representations with respect to digital wallets. It’s advisable to always conduct your own due diligence before trusting money to any third party or third-party technology.</p>
<p><strong>7. Does the price volatility of XRP impact whether financial institutions adopt xRapid?</strong><br />
No. Ripple has a stable cache of financial institutions that are interested in piloting xRapid. Financial institutions who use xRapid don’t need to hold XRP for an extended period of time. What’s more, XRP settles in three to five seconds, which means financial institutions are exposed to limited volatility during the course of the transaction.</p>
<p><strong>8. Can Ripple freeze XRP transactions? Are they able to view or monitor transactions?</strong><br />
No one can freeze XRP, including Ripple. All transactions on XRP Ledger are publicly viewable.</p>
<p><strong>9. Can Ripple create more XRP?</strong><br />
No. Ripple the company didn’t create XRP; 100 billion XRP was created before the company was formed, and after Ripple was founded, the creators of XRP gifted a substantial amount of XRP to the company.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/top-9-frequently-asked-questions-ripple-xrp/">Top 9 Frequently Asked Questions About Ripple and XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>MoneyGram to Use XRP for Faster International Payments</title>
		<link>https://ripple.com/insights/moneygram-use-xrp-faster-international-payments/</link>
		<pubDate>Thu, 11 Jan 2018 14:01:16 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15803</guid>
		<description><![CDATA[<p>To allow their customers to send and complete cross-border payments quicker and cheaper, MoneyGram — one of the world’s largest money transfer companies — will use XRP in their payment flows.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/moneygram-use-xrp-faster-international-payments/">MoneyGram to Use XRP for Faster International Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2018/01/moneygram-logo.png"><img class="alignnone size-full wp-image-15804" src="https://cdn.ripple.com/wp-content/uploads/2018/01/moneygram-logo.png" alt="" width="800" height="188" srcset="https://cdn.ripple.com/wp-content/uploads/2018/01/moneygram-logo.png 800w, https://cdn.ripple.com/wp-content/uploads/2018/01/moneygram-logo-300x71.png 300w, https://cdn.ripple.com/wp-content/uploads/2018/01/moneygram-logo-768x180.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>The global remittance market is a big business. In 2016, remitters sent nearly <a href="http://www.worldbank.org/en/news/press-release/2017/04/21/remittances-to-developing-countries-decline-for-second-consecutive-year">$600 billion in cross-border payments</a> to help support family members living in their home countries or to settle transactions with business partners.</p>
<p>Money transfer companies allow people to send cross-border payments. Unfortunately, the current model requires money transfer companies to use pre-funded accounts across the globe to source liquidity for these payments. The process makes payments costly and slow, which causes headaches for both the companies and their customers.</p>
<p>To allow their customers to send and complete cross-border payments quicker and cheaper, MoneyGram — one of the world’s largest money transfer companies — will use <a href="https://ripple.com/xrp/">XRP</a> in their payment flows.</p>
<p>The use of XRP allows MoneyGram to solve the age-old liquidity issue most financial institutions face while saving time and money. Additionally, customers will have the ability to send funds real time, with transparency and certainty.</p>
<p><strong>XRP, xRapid help source on-demand liquidity</strong></p>
<p>MoneyGram will access and use XRP, the native digital asset of the XRP Ledger, in their payment flows through <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a>, Ripple’s on-demand liquidity product.</p>
<p>Here’s how it works: xRapid enables real-time foreign exchange (FX) settlement through XRP, which gives financial institutions the ability to unlock liquidity and access multiple corridors with one pre-funded originating account.</p>
<p>What’s more, financial institutions will be able to send on-demand payments, reduce FX costs and fees, and customers will receive real-time insight into the status of their payments.</p>
<p>“Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid,” said Alex Holmes, chief executive officer of MoneyGram, in a press release. “We’re hopeful it will increase efficiency and improve services to MoneyGram’s customers.”</p>
<p><strong>Ripple strives to improve cross-border payments</strong></p>
<p>Ripple is focused on fixing the inefficiencies and problems that exist in cross-border payments, regardless of whether those payments originate with a bank, corporate or another financial institution.</p>
<p>“The payments problem doesn’t just affect banks, it also affects companies like MoneyGram, which help people get money to the ones they care about,” said Brad Garlinghouse, CEO of Ripple. “By using a digital asset like XRP that settles in three seconds or less, our clients can move money as quickly as information.”</p>
<p>For more information about xRapid, visit Ripple’s <a href="https://ripple.com/solutions/">Solutions</a> page.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/moneygram-use-xrp-faster-international-payments/">MoneyGram to Use XRP for Faster International Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Who Really Cares About Real-time Payments?</title>
		<link>https://ripple.com/insights/who-really-cares-about-real-time-payments/</link>
		<pubDate>Tue, 09 Jan 2018 19:47:11 +0000</pubDate>
		<dc:creator><![CDATA[Dilip Rao]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15792</guid>
		<description><![CDATA[<p>Behind the daily shouts about the market value of cryptocurrencies, there are quiet murmurs about another revolution in the making — real-time, domestic payment systems.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/who-really-cares-about-real-time-payments/">Who Really Cares About Real-time Payments?</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_316986974.jpg"><img class="size-full wp-image-15797 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_316986974.jpg" alt="" width="800" height="534" srcset="https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_316986974.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_316986974-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2018/01/shutterstock_316986974-768x513.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>Behind the daily shouts about the market value of cryptocurrencies, there are quiet murmurs about another revolution in the making — real-time, domestic payment systems.</p>
<p>Australia is set to launch their domestic <a href="http://www.nppa.com.au/">New Payments Platform (NPP)</a> in early 2018. Offering always-on, “near real-time” payments, consumer-friendly aliases (e.g. email, smartphone number) rather than bank account numbers and richer payment data, NPP holds great promise for consumers and businesses alike.</p>
<p>Driven by the Reserve Bank of Australia after a strategic review in 2012, this has been a multi-million dollar investment in industry infrastructure over five years.</p>
<p>Australia joins the ranks of the Korea (CD/ATM), UK (Faster Payments), Mexico (SPEI),Singapore (FAST/G3), the early adopters of so-called “Immediate Payments” domestic payment platforms. The US is not far behind: The US Federal Reserve established a “Faster Payments” Task Force in 2015 to engage with industry and drive adoption by 2020.</p>
<p>The move to a real-time experience was driven by the proliferation of smartphones and their ability to access information immediately. Today, consumers want the same real-time experience from payment services — especially when buying online or sending payments to friends and family.</p>
<p>Businesses and even large corporates, it would appear, want the same functionality and performance.</p>
<p>“The provision of real-time cash positions, scenario-based forecasting and direct integration with client systems are top priorities for corporate treasurers,” according to an Ovum report quoted by <a href="https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/tomgroenfeldt/2017/12/18/banks-are-looking-for-opportunity-in-real-time-payments/&amp;refURL=&amp;referrer=#3d3a9b167483">Forbes</a>.</p>
<p>What’s more, the Bank for International Settlements said in a <a href="https://www.bis.org/cpmi/publ/d154.pdf">November 2016</a> report that “fast payments are of strategic importance for the long-run modernization of the payment system.”</p>
<p>The so-called “Immediate Payments” is now a must-have national capability.</p>
<p><strong>But who can afford Immediate Payments?</strong></p>
<p>Even though there is an interest in moving to a faster experience, there seem to be a few hurdles along the way. Many central banks have examined their own national payments infrastructure and have found a hodge-podge of systems, built as silos for each popular method of payment: a silo for cheques, a silo for credit cards, a silo for low-value bank account payments, and a silo for high-value bank account payments.</p>
<p>Each silo has its own messaging format, operational and “scheme” rules, governance and licensed participants —  banks as well as non-bank financial institutions —  with equally dated integrations into the participants’ applications.</p>
<p>The new implementations in the UK, Singapore and Australia have not tried to undo the silos.  Instead, they have built a new silo — new frontend services, new messaging (ISO 20022 being the current favorite), user-friendly aliasing to replace tedious bank account numbers for routing payments and finally, a new high-volume, real-time settlement system built and operated by the central bank.</p>
<p>The cost? Tens of millions of dollars, borne by the entire industry, but mainly the commercial banks.The elapsed time from concept to launch —  3-5 years.</p>
<p>For many countries, Immediate Payments may seem to be a distant goal. Yet, emerging markets need to remove payments friction both domestically and across borders today to spur global trade and rev up their economies. Ripple can help.</p>
<p><strong>Enter Ripple, stage left</strong><br />
Since Ripple’s inception in 2012 —   a new kid on the “blockchain” with a superior Distributed Ledger Technology —  our focus has been to solve cross-border clearing and settlement between financial institutions.</p>
<p>In fact Ripple’s product, <a href="https://ripple.com/solutions/process-payments/">xCurrent</a>, enables banks to conduct coordinated “atomic” transactions across our ledgers, privately and with certainty and scalability. Many banks now conduct cross-border payments in “production” mode for real customers, on a 24/7 basis.</p>
<p>xCurrent can also be deployed between banks for a domestic, single currency use case as a lightweight Immediate Payments infrastructure, with the support and participation of the central bank.</p>
<p>Ripple offers cost-effective building blocks for a national payments scheme. Central banks and domestic commercial banks can architect a payments scheme that offer “overlay” payment services. Common scheme components, such as a user-friendly “aliasing” application can be built or bought in. Ripple also provides messaging translators to simplify integration into legacy bank applications. By leveraging the native cross-border capabilities of xCurrent, regional payment networks can be quickly established as well.  For the first time, countries can build a clearing and settlement infrastructure that can be shared across domestic and cross-border payment services, with a distributed architecture mitigating systemic risks.</p>
<p>Ripple invites any central bank to work with us on a beta trial of an Immediate Payments solution over a three- to six-month innovation project with a small number of their domestic banks.  This will enable us to assess any gaps and steer a clear path to a commercial solution.</p>
<p>Again quoting the BIS report, “Central banks, in particular, may contribute to the development and implementation of fast payments in their traditional roles as catalysts for change, as well as operators and overseers of payment systems, to the extent that fast payments contribute to meeting these public policy objectives.&#8221;</p>
<p>The future is already here and can be more evenly distributed as well!</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/who-really-cares-about-real-time-payments/">Who Really Cares About Real-time Payments?</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>The Most Popular Ripple Insights Posts of 2017</title>
		<link>https://ripple.com/insights/popular-ripple-insights-posts-2017/</link>
		<pubDate>Thu, 28 Dec 2017 18:01:23 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15754</guid>
		<description><![CDATA[<p>We wanted to know what the most popular posts of the year were, so we analyzed site traffic to Ripple Insights and created a list of the top five posts for 2017.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/popular-ripple-insights-posts-2017/">The Most Popular Ripple Insights Posts of 2017</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/bestof2017.png"><img class="alignnone size-full wp-image-15765" src="https://cdn.ripple.com/wp-content/uploads/2017/12/bestof2017.png" alt="" width="800" height="534" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/bestof2017.png 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/bestof2017-300x200.png 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/bestof2017-768x513.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>Ripple punched above its weight class in 2017. We successfully launched <a href="https://swell.ripple.com/">our first blockchain conference</a>, announced a new collaboration with the <a href="https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/">Gates Foundation</a> and<a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/"> increased the number of RippleNet members to more than 100</a>. And Ripple Insights became the official destination to learn about all that Ripple accomplished, attracting millions of readers over the year.</p>
<p>In fact, our readers were clamoring to learn more about new developments in our blockchain technology, upcoming events, as well as the lockup of 55 billion XRP.</p>
<p>We wanted to know what the most popular posts of the year were, so we analyzed site traffic to Ripple Insights and created a list of the top five posts for 2017. Here&#8217;s the list:</p>
<p><strong>No. 5: &#8216;XRP Liquidity to Deepen with Listings on Six New Exchanges&#8217;</strong></p>
<p>In our fifth most popular post on Insights, we announced that <a href="https://ripple.com/insights/news/xrp-liquidity-to-deepen-with-listings-on-six-new-exchanges/">XRP was listed on six new exchanges</a>.</p>
<p>The inclusion on these six exchanges helped to serve the growing global demand for XRP in emerging and significant currency corridors, as well as reduce the friction of global payments.</p>
<p>What a difference seven months can make. As of December 2017, <a href="https://ripple.com/insights/xrp-now-available-on-50-exchanges-worldwide/">XRP is listed on more than 50 exchanges</a> — and counting.</p>
<p>The expansion to additional exchanges reinforces that XRP — <a href="https://ripple.com/xrp/xrp-stacks-digital-assets/">the fastest and most scalable asset on the market</a> —  is not only the best digital asset for payments, but is also the asset with the strongest use case and long-term value.</p>
<p><strong>No. 4: &#8216;Federal Reserve Task Force Ripple Improves Speed Transparency Global Payments&#8217;</strong></p>
<p>Our fourth most popular post explained our involvement in the <a href="https://ripple.com/insights/federal-reserve-task-force-ripple-improves-speed-transparency-global-payments/">Faster Payments Task Force</a> — a committee created by the Federal Reserve to examine how blockchain technology can be used to improve global payment systems.</p>
<p>Established in 2015, the Fed&#8217;s task force recognized the need for faster, more secure, transparent cross-border payments and brought together 320 stakeholders from various positions across the financial and tech industries.</p>
<p>Our own <a href="https://ripple.com/insights/ripple-labs-elected-to-fed-steering-committee-for-faster-payments/">Ryan Zagone, director of regulatory relations, was on the steering committee</a> and provided input on emerging and blockchain technology.</p>
<p>We proved to be an invaluable partner to the Faster Payments Task Force. Ultimately, the task force<a href="http://fedpaymentsimprovement.org/wp-content/uploads/0216-progress-report.pdf"> published a progress report</a> outlining five strategies for improving payments.</p>
<p>Many of the strategies align with our efforts to make cross-border payments faster, more transparent and cost-efficient.</p>
<p><strong>No.3: &#8216;Announcing Swell by Ripple&#8217;</strong></p>
<p>News about <a href="https://ripple.com/insights/news/announcing-swell-by-ripple/">our first blockchain conference, Swell</a>, was a big hit with our readers. In this post, we announced the dates, sessions, and speakers lined up for the two-day program in Toronto.</p>
<p>Our keynote speakers included Former Fed Chair Dr. Ben Bernanke and Sir Tim Berners-Lee, the inventor of the World Wide Web.</p>
<p>Other panelists and speakers included payment experts and industry luminaries who we gathered to discuss industry trends, the future of blockchain, as well as the changing payment demands from retail and corporate customers.</p>
<p>What’s more, we live streamed each session for all of those that couldn&#8217;t attend.</p>
<p>Swell was a major success and there were several <a href="https://ripple.com/insights/top-3-takeaways-swell/">takeaways</a> that attendees and viewers could use to inform their decision about choosing the right enterprise blockchain and digital assets.</p>
<p><strong>No.2: &#8216;Ripple</strong> <strong>to</strong> <strong>Place 55 Billion XRP in Escrow to Ensure Certainty of Total XRP Supply&#8217;</strong></p>
<p>To keep the digital asset community up-to-date on XRP and assuage any concerns about distribution, we published an explainer detailing our <a href="https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/">plans to place 55 billion XRP in escrow</a>.</p>
<p>Here’s how we said the escrow would work: “We’ll use escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months zero to 54. As each contract expires, the XRP will become available for Ripple’s use. You can expect us to continue to use XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional investors.”</p>
<p>Whatever XRP goes unused at the end of the month will go back into the escrow queue.</p>
<p>The news of our escrow plans helped to reinforce trust in Ripple and XRP.</p>
<p><strong>No. 1: &#8216;Ripple Escrows XRP for Supply Predictability&#8217;</strong></p>
<p>Given that our second most popular post was about our escrow plans, it’s no surprise that the No.1 post of the year would be about the <a href="https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/">completion of the lockup of 55 billion XRP</a>.</p>
<p>In our December 2017 post, we described how people can now verify the maximum amount of XRP that can enter the market. The lockup “eliminates any concern that Ripple could flood the market.”</p>
<p>What’s more — and this bears repeating — the lockup underscores our commitment to building XRP liquidity and a healthy, transparent market.</p>
<p>What was your favorite Ripple Insights post? Tweet us at @Ripple and use the hashtag #RippleInsightsFav</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/popular-ripple-insights-posts-2017/">The Most Popular Ripple Insights Posts of 2017</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>The Season for Giving: Auctioning Off Ripple-Branded Patagonia Jackets for Charity</title>
		<link>https://ripple.com/insights/season-giving-auctioning-off-ripple-branded-patagonia-jackets-charity/</link>
		<pubDate>Tue, 26 Dec 2017 23:00:34 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15741</guid>
		<description><![CDATA[<p>We're auctioning off 16 Ripple-branded Patagonia jackets -- 100 percent of the proceeds will go to GiveDirectly.org.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/season-giving-auctioning-off-ripple-branded-patagonia-jackets-charity/">The Season for Giving: Auctioning Off Ripple-Branded Patagonia Jackets for Charity</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-23-at-7.31.06-PM.png"><img class="alignnone size-full wp-image-15745" src="https://cdn.ripple.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-23-at-7.31.06-PM.png" alt="" width="800" height="348" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-23-at-7.31.06-PM.png 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-23-at-7.31.06-PM-300x131.png 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/Screen-Shot-2017-12-23-at-7.31.06-PM-768x334.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>&nbsp;</p>
<p><em>Update: Thanks to all who participated in this auction! Please be advised that it&#8217;s now closed. Ripple was able to match the money made from the auction and donated $36,104 of XRP to GiveDirectly.org. A big debt of gratitude goes out to all who helped Ripple achieve this goal! </em></p>
<p>We&#8217;ve received <em>a lot</em> of interest in the Ripple-branded Patagonia jacket Ripple CEO Brad Garlinghouse sported on his end-of-year &#8220;<a href="https://ripple.com/insights/ask-anything-brad/">Ask Me Anything</a>.&#8221;</p>
<p>Since it&#8217;s the season for giving (and for XRP!), we&#8217;re auctioning off 16 jackets for charity.</p>
<p>We&#8217;ll donate 100 percent of the auction proceeds to <a href="https://www.givedirectly.org/">GiveDirectly.org</a> and we&#8217;ll match donations one-to-one. What&#8217;s more, we&#8217;ll make the donation in XRP &#8212; the world&#8217;s best digital asset for payments.</p>
<p>Backed by <a href="https://www.givewell.org/">GiveWell</a> and <a href="https://www.google.org/">Google.org</a>, GiveDirectly puts donations into the hands of extremely poor families in the developing world in the most capital efficient way currently possible.</p>
<p>The jackets will go to the 16 highest bidders. Ripple will cover the domestic and international shipping and handling costs.</p>
<p>You can view and bid on the listings here:</p>
<p>Women&#8217;s Small: <a href="https://www.ebay.com/itm/122881674145">https://www.ebay.com/ itm/122881674145</a><br />
Women&#8217;s Small: <a href="https://www.ebay.com/itm/122881664467">https://www.ebay.com/ itm/122881664467</a></p>
<p>Women&#8217;s Medium: <a href="https://www.ebay.com/itm/122881668749">https://www.ebay.com/ itm/122881668749</a><br />
Women&#8217;s Medium: <a href="https://www.ebay.com/itm/122881669251">https://www.ebay.com/ itm/122881669251</a></p>
<p>Women’s Large: <a href="https://www.ebay.com/itm/122881666818">https://www.ebay.com/ itm/122881666818</a><br />
Women’s Large: <a href="https://www.ebay.com/itm/122881668044">https://www.ebay.com/ itm/122881668044</a></p>
<p>Women&#8217;s XL:<a href="https://www.ebay.com/itm/122881665540"> https://www.ebay.com/itm/ 122881665540</a><br />
Women&#8217;s XL: <a href="https://www.ebay.com/itm/122881665881">https://www.ebay.com/itm/ 122881665881</a></p>
<p>Men&#8217;s Small: <a href="https://www.ebay.com/itm/122881672580">https://www.ebay.com/ itm/122881672580</a><br />
Men&#8217;s Small: <a href="https://www.ebay.com/itm/122881673084">https://www.ebay.com/ itm/122881673084</a></p>
<p>Men&#8217;s Medium: <a href="https://www.ebay.com/itm/122881671515">https://www.ebay.com/ itm/122881671515</a><br />
Men&#8217;s Medium: <a href="https://www.ebay.com/itm/122881671979">https://www.ebay.com/ itm/122881671979</a></p>
<p>Men&#8217;s Large: <a href="https://www.ebay.com/itm/122881670247">https://www.ebay.com/ itm/122881670247</a><br />
Men&#8217;s Large: <a href="https://www.ebay.com/itm/122881671108">https://www.ebay.com/ itm/122881671108</a></p>
<p>Men&#8217;s XL: <a href="https://www.ebay.com/itm/122881669700">https://www.ebay.com/itm/ 122881669700</a><br />
Men’s XL: <a href="https://www.ebay.com/itm/122881665020">https://www.ebay.com/itm/ 122881665020</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/season-giving-auctioning-off-ripple-branded-patagonia-jackets-charity/">The Season for Giving: Auctioning Off Ripple-Branded Patagonia Jackets for Charity</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>XRP Now Available on 50 Exchanges Worldwide</title>
		<link>https://ripple.com/insights/xrp-now-available-on-50-exchanges-worldwide/</link>
		<pubDate>Thu, 21 Dec 2017 17:12:30 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15681</guid>
		<description><![CDATA[<p>We’re proud to announce that XRP has gone from being listed on six exchanges earlier this year to more than 50 worldwide.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrp-now-available-on-50-exchanges-worldwide/">XRP Now Available on 50 Exchanges Worldwide</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-15728" src="https://cdn.ripple.com/wp-content/uploads/2017/12/xrp-image.jpg" alt="" width="800" height="515" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/xrp-image.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/xrp-image-300x193.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/xrp-image-768x494.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /><span style="font-weight: 400;">The digital asset market is heating up. Many new assets entered the space touting to be better and faster for settling payments. Worldwide interest surged, which boosted the collective market cap from $93.3 billion in August 2017 to just under $600 billion by mid-December 2017 — an increase of 543 percent in just four months.</span></p>
<p>However, despite continued rise of digital assets, <a href="https://ripple.com/xrp/xrp-stacks-digital-assets/">XRP remains the fastest and most scalable</a> asset on the market.</p>
<p>The market is taking notice of XRP’s speed, reliability and scalability — which has strengthened the demand for XRP and where it’s listed. In fact, we’re proud to announce that XRP has gone from being listed on six exchanges earlier this year to more than 50 worldwide.</p>
<p>The increased demand for XRP speaks to the market’s understanding of the need for a fast and scalable asset that serves as a reliable liquidity tool for financial institutions through the product <a href="https://ripple.com/solutions/source-liquidity/">xRapid.</a></p>
<p>To serve that role in cross-border flows, XRP needs deep liquidity across fiat currencies. In support of that goal and healthy XRP markets, it’s a top priority for Ripple to have XRP listed on top digital asset exchanges, making it broadly accessible worldwide. Ripple has dedicated resources to the initiative so you can expect ongoing progress.</p>
<p><b>XRP’s widening footprint in major markets</b></p>
<p>In addition to our <a href="https://ripple.com/xrp/buy-xrp/">current listings</a>, expansion into the following global exchanges makes it possible for Ripple to better serve growing demand for XRP. It also reinforces that XRP is the digital asset that can truly modernize the global payments systems.</p>
<p><span style="font-weight: 400;">XRP is now available on the following exchanges:</span></p>
<ul>
<li style="font-weight: 400;"><a href="https://cex.io/">CEX.IO</a>  —  One of the largest exchanges in the United Kingdom with an average daily total trade volume of $94 million.</li>
<li style="font-weight: 400;"><a href="https://coin.z.com/jp/index.html">GMOCoin</a> — The leading exchange in Japan.</li>
<li style="font-weight: 400;"><a href="https://www.huobi.pro/">Huobi.pro</a> — A major exchange in Singapore with an average daily total trade volume of $787 million.</li>
</ul>
<p><b>XRP is the leading digital asset to remove friction from global payments </b></p>
<p>XRP’s long-term value is determined by its utility — including its ability to help financial institutions source liquidity for payments into and out of emerging markets. In fact, financial institutions have already begun to use <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">XRP as a liquidity tool, </a>reducing the cost of sending cross-border payments.</p>
<p>“The market recognizes that XRP is the fastest, most scalable digital asset for global payments that can also provide liquidity to financial institutions,” said Patrick Griffin, SVP of business development for Ripple.</p>
<p>“What’s more, being listed on more than 50 exchanges will not only make this asset more available globally but also further the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value,</a> which will enable the world to move money as easily as information moves today.”</p>
<p>Ready to learn more? Visit our <a href="https://ripple.com/xrp/">XRP</a> page.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/xrp-now-available-on-50-exchanges-worldwide/">XRP Now Available on 50 Exchanges Worldwide</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Happy 5th Anniversary, XRP Ledger!</title>
		<link>https://ripple.com/insights/happy-5th-anniversary-xrp-ledger/</link>
		<pubDate>Thu, 21 Dec 2017 17:01:03 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15687</guid>
		<description><![CDATA[<p>Since 2012, XRP has been the only digital asset with a clear institutional use case by working to solve the multi-trillion dollar liquidity problem that plagues banks, payment providers and corporates worldwide.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/happy-5th-anniversary-xrp-ledger/">Happy 5th Anniversary, XRP Ledger!</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img src="https://cdn.ripple.com/wp-content/uploads/2017/12/Anniversary_v4.png" alt="" width="1600" height="1000" class="aligncenter size-full wp-image-15732" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/Anniversary_v4.png 1600w, https://cdn.ripple.com/wp-content/uploads/2017/12/Anniversary_v4-300x188.png 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/Anniversary_v4-768x480.png 768w, https://cdn.ripple.com/wp-content/uploads/2017/12/Anniversary_v4-1024x640.png 1024w" sizes="(max-width: 1600px) 100vw, 1600px" />Ripple has had a lot to celebrate over the last year!</p>
<p>From adding <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">new RippleNet members</a>, to launching <a href="https://swell.ripple.com/">our first blockchain conference</a>, to completing the <a href="https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/">escrow of 55 billion XRP</a>, it’s clear that the team’s hard work to enable the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value (IoV),</a> coupled with the XRP community’s support, is paying off.</p>
<p>In fact, XRP has experienced phenomenal growth — up nearly 12,000 percent — from December 2016 to December 2017. This makes XRP’s performance better than any other digital asset in the industry in 2017.</p>
<p>But just as the year is coming to a close, there’s one more reason for the Ripple team and the XRP community to celebrate — the five year anniversary of the XRP Ledger.</p>
<p><strong>XRP sets the standard from the start</strong></p>
<p>Since 2012, XRP has been considered the only digital asset with a clear institutional use case that works to solve the multi-trillion dollar liquidity problem that plagues banks, payment providers and corporates.</p>
<p>For example, XRP can provide liquidity to financial institutions who need to send cross-border payments — presenting a greater opportunity for these institutions to widen their footprint in major corridors or gain more access to emerging markets.</p>
<p>Cuallix, a major payment provider, <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">is the first RippleNet member to use xRapid</a> — Ripple’s solution that uses XRP to source liquidity — to reduce the cost of sending cross-border payments and remittances from the U.S. to Mexico.</p>
<p>The XRP Ledger, the digital asset’s underlying distributed ledger technology, is the key reason why XRP steadily led the pack of digital assets by being the fastest, most cost-effective, scalable digital asset for payments, which helps advance its goal —  enabling IoV.</p>
<p>IoV is the belief that money should move in the same fashion as digital information moves today — in real time.</p>
<p>In order to deliver on this vision, Ripple continues to support the development and adoption of  the XRP Ledger to ensure that XRP remains the fastest, most scalable digital asset on the market.</p>
<p>Additionally, the digital asset market is seeing more demand for XRP which speaks to consumers’ understanding that XRP is the best digital asset to remove the friction from global payments.</p>
<p><strong>Ripple pledges to increase XRP usage</strong></p>
<p>The Ripple team is committed to furthering the adoption and usage of XRP for payments. In fact, we continuously work with regulators, governments and central banks to better understand how our technology can help remove the friction from cross-border payments.</p>
<p>And, as more digital assets flood the market, the value of digital assets will be determined by their utility and the problem they solve for their users.</p>
<p>Since XRP, has continually provided a strong use case and is undisputed in its technological achievements, it makes sense that the market would take notice — <a href="https://www.cnbc.com/2017/12/14/ripple-surges-89-percent-in-single-day-briefly-becomes-third-biggest-digital-currency.html">prompting a surge</a> in XRP’s value.</p>
<p>What’s more, XRP is now available to more than 50 exchanges worldwide to better serve the global demand for the digital asset.</p>
<p>It has been a phenomenal five years, and the Ripple team is appreciative of the community’s support. We can’t wait to see what the future years will bring!</p>
<p>Watch our live Q&amp;A with David Schwarz today. As Brad Garlinghouse said in his livestream, “David Schwartz is the Steph Curry of cryptography.”</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/happy-5th-anniversary-xrp-ledger/">Happy 5th Anniversary, XRP Ledger!</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Exploring Innovation in Payment System Infrastructures</title>
		<link>https://ripple.com/insights/exploring-innovation-payment-system-infrastructures/</link>
		<pubDate>Tue, 19 Dec 2017 20:06:27 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15675</guid>
		<description><![CDATA[<p>At Ripple, we’re focused on engaging with commercial banks to implement production-grade enterprise systems — using DLT — to support cross-border payments.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/exploring-innovation-payment-system-infrastructures/">Exploring Innovation in Payment System Infrastructures</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_533716279.jpg"><img class="alignnone size-full wp-image-15676" src="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_533716279.jpg" alt="" width="800" height="534" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_533716279.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_533716279-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_533716279-768x513.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>While the market has been focused on the bitcoin frenzy and commercial banks continue their migration onto enterprise-grade platforms, such as RippleNet, another revolution has quietly bubbled up around Distributed Ledger Technology (DLT).</p>
<p>Central banks and financial market infrastructures, key stakeholders in the global payments system, have ramped up their engagement with technology providers to explore how they can leverage DLT.</p>
<p>The Monetary Authority of Singapore (MAS) is front and center in this space, announcing the second phase of their Project UBIN at their fintech event in November 2017.</p>
<p>Additionally, the Australian Stock Exchange has capped off two years of experimentation to declare the adoption of DLT to replace their legacy CHESS securities clearing and settlement platform.</p>
<p>So what’s Ripple doing to help?</p>
<p><strong>Ripple is leading the sea change in payments</strong></p>
<p>At Ripple, we’re focused on engaging with commercial banks to implement production-grade enterprise systems — using DLT — to support cross-border payments. In fact, we recently celebrated a significant milestone — we added the <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">100th client to RippleNet</a>. What’s more, banks like Siam Commercial in Thailand, Standard Chartered in Singapore, Axis in India and Rakbank in the UAE are already sending and receiving payments in commercial volumes. In Japan, 61 members of the Japan Bank Consortium are in pre-production stage on a hosted Ripple platform.</p>
<p>The Ripple <a href="https://ripple.com/solutions/process-payments/">xCurrent</a> product — a solution that allows banks to settle cross-border payments with end-to-end tracking instantly — is now enterprise-tested. Also, the public XRP Ledger, operating since late 2012, successfully completed 35 million ledger updates without failure and offered throughput of 1,500 transactions per second.</p>
<p>The <a href="https://ripple.com/insights/results-of-the-bank-of-englandripple-proof-of-concept-published-today/">Bank of England has concluded a successful project</a> to send transactions between two RTGS systems using Ripple.</p>
<p>Additionally, Ripple’s Regulatory Affairs team has engaged central banks across the world to assess the implications of DLT for their economies, most recently via a <a href="https://ripple.com/insights/ripple-hosts-worlds-central-banks-to-explore-next-generation-of-payments/">Central Bank Summit</a> that attracted over 30 delegates to New York City in October 2017.</p>
<p><strong>Driving infrastructure innovation</strong></p>
<p>Ripple is now taking the next logical step to help build the Internet of Value, by establishing an Infrastructure Innovation initiative. We’ll offer our technology products and deep expertise in both payment systems and DLT to enable central banks and market infrastructures to innovate on their own digital journey.  We can provide proven building blocks for both regulators and commercial banks to pilot real-world solutions in collaboration with the Ripple team. We’re excited about the possibilities for innovation — to create regional networks, to reduce the systemic costs of payments, to open up networks to new participants while managing risks tightly with more granular information and smart automation.</p>
<p>Ripple’s Infrastructure Innovation team will be led by Dilip Rao, a veteran at Ripple since July 2014. Rao has led the business development in the APAC/MENA region and worked closely with banks as well as central banks and market infrastructures.  He has over 30 years of experience working with banking technology and innovation in payments and understands Ripple’s solutions well.</p>
<p>As our new Global Head, Infrastructure Innovation, Rao will engage with known and new stakeholders responsible for the world’s payment infrastructure, bringing a consulting mindset to explore new concepts with the backing of Ripple’s technologists.</p>
<p>“My first priority will be piloting interoperability between payment systems, the use of DLT for domestic clearing and settlement and novel applications of xCurrent as well as our digital asset XRP,” said Rao. “I look forward to exciting new initiatives in building the Internet of Value in 2018!”</p>
<p>Ripple invites central banks and financial market infrastructure leaders <a href="https://ripple.com/contact/">to reach out and work with Ripple</a> on these new frontiers.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/exploring-innovation-payment-system-infrastructures/">Exploring Innovation in Payment System Infrastructures</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Zoe Cruz Joins Ripple’s Board of Directors</title>
		<link>https://ripple.com/insights/zoe-cruz-joins-ripples-board-directors/</link>
		<pubDate>Tue, 19 Dec 2017 15:02:41 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15666</guid>
		<description><![CDATA[<p>Ripple is excited to welcome Zoe Cruz to our board of directors.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/zoe-cruz-joins-ripples-board-directors/">Zoe Cruz Joins Ripple’s Board of Directors</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/ZoeCruz.jpg"><img class="wp-image-15668 alignleft" src="https://cdn.ripple.com/wp-content/uploads/2017/12/ZoeCruz.jpg" alt="" width="400" height="411" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/ZoeCruz.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/ZoeCruz-292x300.jpg 292w, https://cdn.ripple.com/wp-content/uploads/2017/12/ZoeCruz-768x789.jpg 768w" sizes="(max-width: 400px) 100vw, 400px" /></a>Ripple is excited to welcome Zoe Cruz to our <a href="https://ripple.com/company/">board of directors</a>. Cruz served as co-president for institutional securities and wealth management at Morgan Stanley from 2005 to 2007. Prior to that role, she was global head of fixed income, commodities and foreign exchange. She joined Morgan Stanley in 1982 and was the third founding member of the foreign exchange (FX) group.</p>
<p>Forbes named her to its Most Powerful Women list for three years running (<a href="https://www.forbes.com/lists/2005/11/V9JO.html">2005</a>, <a href="https://www.forbes.com/lists/2006/11/06women_Zoe-Cruz_V9JO.html">2006</a>, <a href="https://www.forbes.com/lists/2007/11/biz-07women_Zoe-Cruz_V9JO.html">2007</a>).</p>
<p>Following her 25-year tenure at Morgan Stanley, Cruz founded an investment management firm, Voras Capital Management and was senior adviser at Promontory Financial Group. Today, she is founder and CEO of EOZ Global, a single family office.</p>
<p>Cruz is a member of Old Mutual PLC’s board of directors and is a member of the investment committee for the endowment fund of Bowdoin college.</p>
<p>“With her 35 years of experience in finance and foreign exchange, Zoe will offer us a unique perspective and invaluable guidance on how to accelerate RippleNet growth and <a href="https://ripple.com/xrp/">XRP</a> usage across the network globally,” said Brad Garlinghouse, CEO of Ripple. “The team is incredibly inspired by Zoe’s career and we very much look forward to leveraging her expertise to make our vision —  an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> —  a reality.”</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/zoe-cruz-joins-ripples-board-directors/">Zoe Cruz Joins Ripple’s Board of Directors</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Krungsri Collaborates with Petrochemical Company to Expedite Cross-border Payments and Retain Customers</title>
		<link>https://ripple.com/insights/thailands-fifth-largest-bank-krungsri-collaborates-petrochemical-company-expedite-cross-border-payments-retain-customers/</link>
		<pubDate>Mon, 18 Dec 2017 17:31:07 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15656</guid>
		<description><![CDATA[<p>By using Ripple’s blockchain network, Krungsri is not only able to provide a real-time cross-border payment flow for the petrochemical company, but also provide complete transparency into when the payment would be received.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/thailands-fifth-largest-bank-krungsri-collaborates-petrochemical-company-expedite-cross-border-payments-retain-customers/">Krungsri Collaborates with Petrochemical Company to Expedite Cross-border Payments and Retain Customers</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_407664883.jpg"><img class="alignnone size-full wp-image-15659" src="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_407664883.jpg" alt="" width="800" height="534" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_407664883.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_407664883-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_407664883-768x513.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>Bank customers — both consumers and businesses — have spoken and they demand a faster way to send money globally.</p>
<p><a href="https://www.krungsri.com/bank/en/home.html">Krungsri (Bank of Ayudhya PCL)</a>, one of the largest banks in Thailand, heard the call, and in an effort to better serve their customers, <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">they joined RippleNet</a> to remove the friction from cross-border payments.</p>
<p>In fact, Krungsri now uses Ripple’s enterprise blockchain network to help a large Southeast Asian petrochemical company, send real-time cross-border payments to its foreign customers — a first for financial institutions in the Thai region.</p>
<p><strong>Breaking with the status quo for the good of the customer</strong></p>
<p>The collaboration between Krungsri and the large petrochemical company was born from a common pain point for most corporates: Customers were dissatisfied with the lack of speed and visibility into cross-border payments.</p>
<p>When the company attempted to send payments to their partners it would take several days to complete the transaction.</p>
<p>What’s more, neither the sender nor the receiver had visibility into the status of the payment — which was very frustrating for the petrochemical company’s customers.</p>
<p>If the company continued to use the typical, slow, opaque payments process, then they risked losing valuable foreign partners, which would be detrimental to their bottom line.</p>
<p>That’s when Krungsri stepped in to help their long-time customer.</p>
<p>Krungsri President and Chief Executive Officer Mr. Noriaki Goto said, &#8220;We have gained trust from the large petrochemical company, our long-time major business partner, to deploy RippleNet for the money transfer between the company and its overseas trading partners.”</p>
<p><strong>RippleNet-enabled Krungsri provides innovative solution to client</strong></p>
<p>By using Ripple’s blockchain network, Krungsri is not only able to provide a real-time cross-border payment flow for the petrochemical company, but also provide complete transparency into when the payment would be received.</p>
<p>“The transactions were successfully completed within a few seconds versus at least one to three business days under the previous system. This reflects the innovative strength of Ripple’s technology that will drive the Thai business sector towards faster expansion,” added Mr. Goto.</p>
<p>The success of the large petrochemical company’s deployment marked a significant change in the financial landscape for Krungsri, who will continue to reap the benefits from using RippleNet’s blockchain network.</p>
<p>As a subsidiary of Mitsubishi UFJ Financial Group (MUFG) — Japan’s largest financial group and one of the world’s five largest financial institutions, with more than 2,000 branches in over 50 countries — Krungsri is positioned to provide instant global payments to service their corporate customers’ needs.</p>
<p>“Using RippleNet will be a catalyst to use additional financial innovations to deliver real-time cross-border payments for other business partners,” concluded Mr. Goto.</p>
<p>Learn how Ripple has helped other corporate <a href="https://ripple.com/use-cases/">modernize global payments.</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/thailands-fifth-largest-bank-krungsri-collaborates-petrochemical-company-expedite-cross-border-payments-retain-customers/">Krungsri Collaborates with Petrochemical Company to Expedite Cross-border Payments and Retain Customers</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments</title>
		<link>https://ripple.com/insights/top-korean-banks-work-japan-bank-consortium-modernize-cross-border-payments/</link>
		<pubDate>Fri, 15 Dec 2017 01:04:36 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15642</guid>
		<description><![CDATA[<p>The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/top-korean-banks-work-japan-bank-consortium-modernize-cross-border-payments/">Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/JBCAnnouncement.jpg"><img class="alignnone size-full wp-image-15643" src="https://cdn.ripple.com/wp-content/uploads/2017/12/JBCAnnouncement.jpg" alt="" width="800" height="450" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/JBCAnnouncement.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/JBCAnnouncement-300x169.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/JBCAnnouncement-768x432.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>The ability to send money globally in real time has caught fire in the international financial industry. Large banking groups, such as the Japan Bank Consortium, are leading the charge.</p>
<p>The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by <a href="https://ripple.com/insights/sbi-ripple-asia-announces-japanese-bank-consortium/">SBI Ripple Asia</a> — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.</p>
<p>This initiative will be the first time money moves from Japan to Korea over RippleNet.</p>
<p><strong>Korean banks committing to the modernization of payments</strong></p>
<p>The Japan Bank Consortium will use Ripple’s settlement technology, <a href="https://ripple.com/solutions/process-payments/">xCurrent</a>, to settle transactions between participating Japanese banks and Woori Bank or Shinhan Bank.</p>
<p>The pilot solidifies the Japan Bank Consortium’s commitment to modernize payment systems — specifically in the Japan/Korea corridor where Korea is Japan’s third largest trade partner — to send money instantly, removing the need for intermediaries while reducing the cost of sending global payments.</p>
<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/sbi0226.jpg"><img class="alignnone size-full wp-image-15654" src="https://cdn.ripple.com/wp-content/uploads/2017/12/sbi0226.jpg" alt="" width="600" height="400" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/sbi0226.jpg 600w, https://cdn.ripple.com/wp-content/uploads/2017/12/sbi0226-300x200.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /></a></p>
<p style="text-align: center;"><em>SBI Ripple Asia CEO Takashi Okita and Korean bank representatives launch new pilot</em></p>
<p>What’s more, the Japan Bank Consortium created a virtual currency and blockchain working group to explore the institutional use case of digital currencies, such as <a href="https://ripple.com/xrp/">XRP</a>, to source on-demand liquidity for these cross-border payments.</p>
<p><strong>Delivering a much-needed solution for cross-border payments</strong></p>
<p>Banks within the Japan Bank Consortium are one of many institutions that are actively working with Ripple to solve the multi-trillion dollar problem plaguing the financial industry, corporates and consumers worldwide — the lack of liquidity (or cash) to instantly send or receive low-cost international payments.</p>
<p>“The Japan Bank Consortium’s pilot with Woori Bank and Shinhan Bank brings us closer to sending money in an important corridor,” said Emi Yoshikawa, director of partnerships at Ripple.</p>
<p>“The use of RippleNet to send cross-border payments reinforces that financial institutions are ready to provide a modern payments experience and enable to the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>.”</p>
<p>Visit our <a href="https://ripple.com/solutions/">Solutions</a> page to learn more about our products.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/top-korean-banks-work-japan-bank-consortium-modernize-cross-border-payments/">Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Escrows 55 Billion XRP for Supply Predictability</title>
		<link>https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/</link>
		<pubDate>Fri, 08 Dec 2017 00:50:00 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15593</guid>
		<description><![CDATA[<p>Ripple has confirmed that the 55 billion XRP cryptographically-secured escrow is complete.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/">Ripple Escrows 55 Billion XRP for Supply Predictability</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-15601" src="https://cdn.ripple.com/wp-content/uploads/2017/12/lock.jpg" alt="" width="800" height="466" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/lock.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/lock-300x175.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/lock-768x447.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></p>
<h6><strong>Image: Shutterstock</strong></h6>
<p>Earlier this year, we <a href="https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/">committed</a> to placing 55 billion XRP in a cryptographically-secured escrow account to create certainty of XRP supply at any given time. As promised, today we completed the lockup.</p>
<p>By securing the lion’s share of XRP in escrow, people can now mathematically verify the maximum supply that can enter the market. While Ripple has proved to be a responsible steward of XRP supply for almost five years &#8211; and has clearly demonstrated a tremendous track record of investing in and supporting the XRP ecosystem &#8211; this lockup eliminates any concern that Ripple could flood the market, which we’ve pointed out before is a scenario that would be bad for Ripple!</p>
<p>This move underscores Ripple’s commitment to building XRP liquidity and a healthy and trusted market. Long term, the value of digital assets will be determined by their utility. XRP has emerged as the only digital asset with a clear institutional use case designed to solve a multi-trillion dollar problem &#8211; the global payment and liquidity challenges that banks, payment providers and corporates face.</p>
<p>Unlike other digital assets purely driven by unexplained speculation, <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">real institutional customers</a> are already using and finding value in XRP, and governments, regulators and <a href="https://ripple.com/insights/ripple-hosts-worlds-central-banks-to-explore-next-generation-of-payments/">central banks</a> are increasingly recognizing the role it could play in the global system.</p>
<p>XRP goes beyond what Bitcoin does well &#8212; a store of value &#8212; and delivers transaction speed and throughput that is orders of magnitude faster than BTC or ETH. While other digital assets continue to bump against <a href="https://www.cnbc.com/2017/12/06/meet-cryptokitties-the-new-digital-beanie-babies-selling-for-100k.html">their transaction limits</a>, XRP remains the fastest, most efficient and most scalable digital asset in the world &#8211; making it the best digital asset for payments. It’s no surprise that institutions are looking to XRP to provide much-needed on-demand liquidity for cross-border payments.</p>
<div><a class="tweet-link" target="_blank" href="https://twitter.com/intent/tweet?url=https%3A%2F%2Fripple.com%2Finsights%2Fripple-escrows-55-billion-xrp-for-supply-predictability%2F&via=ripple&text=Game+changer+for+%24XRP%21+55+billion+XRP+now+in+escrow"><p class="tweet-this">Game changer for $XRP! 55 billion XRP now in escrow<span class="tweet-text"> Tweet This <i class="fa fa-twitter"></i></span></p></a></div>
<p>Here’s how the escrow works:</p>
<p>The <a href="https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/">Escrow feature</a> in the XRP Ledger allows parties to secure XRP for an allotted amount of time or until specific conditions are met. For example, Escrow allows a sender of XRP to put conditions on exactly when a payment can be completed, so the payment remains cryptographically locked until the due date.</p>
<p>We use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple’s use. You can expect us to continue to use XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional purchasers<br />
We’ll then return whatever is unused at the end of each month to the back of the escrow rotation. For example, if 500M XRP remain unspent at the end of the first month, those 500M XRP will be placed into a new escrow account set to expire in month 55. For comparison, Ripple has sold on average 300M XRP per month for the past 18 months.</p>
<p>Ripple’s vision remains the same &#8211; to enable the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> in which money moves like information moves today &#8211; and XRP is at the heart.</p>
<p>To learn more, please visit <a href="https://ripple.com/xrp/">ripple.com/xrp</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/">Ripple Escrows 55 Billion XRP for Supply Predictability</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Internet of Value Depends on Interoperability, Not Blockchain Alone</title>
		<link>https://ripple.com/insights/internet-value-depends-interoperability-not-blockchain-alone/</link>
		<pubDate>Thu, 07 Dec 2017 17:07:25 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15583</guid>
		<description><![CDATA[<p>An important and highly relevant question has emerged in the financial industry: How does blockchain technology help institutions easily connect to the increasingly diverse types of payment networks? In our view, the ideal global payments network works just like the internet does — by using a common language to connect disparate systems. In the nascent &#8230; <a href="https://ripple.com/insights/internet-value-depends-interoperability-not-blockchain-alone/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/internet-value-depends-interoperability-not-blockchain-alone/">Internet of Value Depends on Interoperability, Not Blockchain Alone</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_578217358.jpg"><img class="alignnone size-full wp-image-15584" src="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_578217358.jpg" alt="" width="800" height="411" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_578217358.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_578217358-300x154.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_578217358-768x395.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>An important and highly relevant question has emerged in the financial industry: How does blockchain technology help institutions easily connect to the increasingly diverse types of payment networks?</p>
<p>In our view, the ideal global payments network works just like the internet does — by using a common language to connect disparate systems.</p>
<p>In the nascent stages of the web, there were different standards for networking or connecting computers. It wasn’t shrewd to get rid of each standard — there was a purpose for each one. Instead, it was better to preserve and connect them with a common protocol.</p>
<p>All ledgers should work the same way and use a simple, common language so that money can move around the world real-time, much like information does today — enabling the Internet of value.</p>
<p><strong>Interledger Protocol is driving interoperability</strong></p>
<p>There is a global technical standard that provides this level of interoperability: The Interledger Protocol (ILP). ILP can connect any network or payment system, without fundamentally changing how they work.</p>
<p>All banks and payment providers — from the smallest bank to the largest institution — can use the open protocol to power payments across networks globally.</p>
<p>In fact, <a href="https://ripple.com/insights/results-of-the-bank-of-englandripple-proof-of-concept-published-today/">The Bank of England recently completed a proof of concept</a> that explored the synchronized settlement of payments using ILP.</p>
<p>Additionally, the Bill &amp; Melinda Gates Foundation used ILP to power new open-source software — <a href="https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/">Mojaloop</a>.</p>
<p>ILP helps Mojaloop connect to various payment platforms and help unbanked people around the world access digital financial services.</p>
<p>Stefan Thomas, the co-creator of ILP and CTO of Ripple, expounds on the need for common standards in blockchain in his latest Medium post, “<a href="https://medium.com/@justmoon/blockchain-advocates-must-learn-the-law-of-standards-8f3116ccdc5f">Blockchain Advocates Must Learn the Law of Standards</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/internet-value-depends-interoperability-not-blockchain-alone/">Internet of Value Depends on Interoperability, Not Blockchain Alone</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Japan Bank Consortium Moves to Become Production-ready</title>
		<link>https://ripple.com/insights/japan-bank-consortium-moves-become-production-ready/</link>
		<pubDate>Wed, 06 Dec 2017 01:00:58 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15576</guid>
		<description><![CDATA[<p>The revolution to drive the Internet of Value is gaining more momentum as Japan Bank Consortium (JBC) — a collection of 61 Japan-based bank members brought together by SBI Holdings and SBI Ripple Asia — announced that it’s made progress to become production-ready on RippleNet. Soon, Japanese banks will not only be quickly onboarded with &#8230; <a href="https://ripple.com/insights/japan-bank-consortium-moves-become-production-ready/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/japan-bank-consortium-moves-become-production-ready/">Japan Bank Consortium Moves to Become Production-ready</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_619342724.jpg"><img class="alignnone size-full wp-image-15577" src="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_619342724.jpg" alt="" width="800" height="534" srcset="https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_619342724.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_619342724-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/12/shutterstock_619342724-768x513.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>The revolution to drive the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a> is gaining more momentum as Japan Bank Consortium (JBC) — a collection of 61 Japan-based bank members brought together by SBI Holdings and SBI Ripple Asia — announced that it’s made progress to become production-ready on RippleNet.</p>
<p>Soon, Japanese banks will not only be quickly onboarded with minimal effort, but also easily connect to other member banks in Ripple’s network — furthering their reach with real-time global settlement.</p>
<p>Each bank will have the ability to use Ripple solutions to send real-time, low-cost, transparent domestic and cross-border payments.</p>
<p>The progression to production-ready is not only good news for JBC, but for also for banks who want to connect to the Japanese market. Foreign banks will have visibility and predictability regarding fees and timing from payments going into and out of Japan.</p>
<p><strong>Expanding network effects to deliver a better customer experience</strong></p>
<p>JBC and Ripple worked together closely to create a unified platform for domestic and cross-border payments using Ripple solutions.</p>
<p><a href="https://ripple.com/solutions/process-payments/">xCurrent</a> — Ripple’s solution for real-time settlement — provided the technology for this new offering to reduce correspondent and operational costs, expand access to foreign banks, and increase visibility into the status of payments.</p>
<p>In addition, early next year JBC will release an API connection called Common Gateway that provides banks with easy access to xCurrent on the shared platform, as well as Common App. Common App is a mobile application that allows users to use a bank account number, mobile phone number or QR code to send payments.</p>
<p>“JBC’s progress to become production-ready is the culmination of the Ripple team’s ingenuity and dedication to modernizing payment systems, and the consortium’s desire to improve the settlement process,” said Emi Yoshikawa, Ripple’s director of joint venture partnerships.</p>
<p>“Now Japanese banks will be able to further their reach into RippleNet and easily connect to other banks.”</p>
<p>To learn more about <a href="https://ripple.com/solutions/process-payments/">xCurrent</a>, <a href="https://ripple.com/solutions/source-liquidity/">xRapid</a> or <a href="https://ripple.com/solutions/send-payments/">xVia</a> visit our Solutions page.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/japan-bank-consortium-moves-become-production-ready/">Japan Bank Consortium Moves to Become Production-ready</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>TechCrunch Founder Michael Arrington Launches $100M Crypto Fund with XRP</title>
		<link>https://ripple.com/insights/techcrunch-founder-michael-arrington-launches-worlds-largest-crypto-fund-xrp/</link>
		<pubDate>Tue, 28 Nov 2017 21:20:16 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15546</guid>
		<description><![CDATA[<p>Michael Arrington, the founder and former editor-in-chief of TechCrunch, announced the launch of his new XRP capital fund on stage at Consensus Invest today. The fund, titled Arrington XRP Capital is one of the world’s largest crypto hedge funds and is entirely denominated in XRP. Additionally, the fund will start with $100 million and will use &#8230; <a href="https://ripple.com/insights/techcrunch-founder-michael-arrington-launches-worlds-largest-crypto-fund-xrp/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/techcrunch-founder-michael-arrington-launches-worlds-largest-crypto-fund-xrp/">TechCrunch Founder Michael Arrington Launches $100M Crypto Fund with XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p>Michael Arrington, the founder and former editor-in-chief of TechCrunch, <a href="http://arringtonxrpcapital.com/2017/11/28/announcing-arrington-xrp-capital-a-crypto-denominated-hedge-fund/">announced</a> the launch of his new XRP capital fund on stage at Consensus Invest today.</p>
<p>The fund, titled Arrington XRP Capital is one of the world’s largest crypto hedge funds and is entirely denominated in XRP. Additionally, the fund will start with $100 million and will use XRP to invest in blockchain technology and asset entities.</p>
<p>Arrington’s decision to solely use XRP to power his capital fund further validates that this digital currency provides the best use case for real-time, transparent and secure transactions.</p>
<p>In fact, not only does XRP provide much-needed liquidity for cross-border payments, it’s the fastest, most scalable and stable digital asset on the charts — making it the most appropriate for institutional use.</p>
<p>“Even though Ripple does not play an official role in the fund, we are glad to see that Michael Arrington is using his legendary entrepreneurial spirit to create one of the largest digital currency hedge funds using XRP,” said Brad Garlinghouse, CEO of Ripple.</p>
<p>Arrington XRP Capital will start trading soon. Check out what <a href="http://arringtonxrpcapital.com/2017/11/28/announcing-arrington-xrp-capital-a-crypto-denominated-hedge-fund/">Michael Arrington has to say</a> about the new hedge fund.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/techcrunch-founder-michael-arrington-launches-worlds-largest-crypto-fund-xrp/">TechCrunch Founder Michael Arrington Launches $100M Crypto Fund with XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple-powered Instant Payment Services Now Live with Axis Bank, RAKBANK, and Standard Chartered</title>
		<link>https://ripple.com/insights/ripple-powered-instant-payment-services-now-live-axis-bank-rakbank-standard-chartered/</link>
		<pubDate>Wed, 22 Nov 2017 15:55:19 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15532</guid>
		<description><![CDATA[<p>In today’s increasingly globalized world — where international supply chains as well as the number of overseas workers are growing — it’s imperative to have fast, transparent cross-border payments. To meet this increasing demand for real-time payment services, Axis Bank (based in India), Standard Chartered (Singapore), and RAKBANK (United Arab Emirates) will now use RippleNet &#8230; <a href="https://ripple.com/insights/ripple-powered-instant-payment-services-now-live-axis-bank-rakbank-standard-chartered/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-powered-instant-payment-services-now-live-axis-bank-rakbank-standard-chartered/">Ripple-powered Instant Payment Services Now Live with Axis Bank, RAKBANK, and Standard Chartered</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_169993703.jpg"><img class="aligncenter wp-image-15533" src="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_169993703.jpg" alt="" width="716" height="500" srcset="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_169993703.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_169993703-300x209.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_169993703-768x536.jpg 768w" sizes="(max-width: 716px) 100vw, 716px" /></a></p>
<p>In today’s increasingly globalized world — where international supply chains as well as the number of overseas workers are growing — it’s imperative to have fast, transparent cross-border payments.</p>
<p>To meet this increasing demand for real-time payment services, <a href="https://www.axisbank.com/">Axis Bank</a> (based in India), <a href="https://www.sc.com/en/">Standard Chartered</a> (Singapore), and <a href="https://rakbank.ae/wps/portal/retail-banking">RAKBANK</a> (United Arab Emirates) will now use RippleNet to send live, fast, frictionless cross-border payments.</p>
<p>These three major banks use Ripple’s leading enterprise-blockchain solution to power real-time, on-demand corporate payments from Standard Chartered to Axis Bank, and retail remittance payments from RAKBANK to Axis Bank beneficiaries. Now, live payments are completed in just minutes — with the certainty of settlement.</p>
<p><strong>Live corporate payment services on RippleNet to serve customers better</strong></p>
<p>For Standard Chartered and Axis Bank, the Ripple-powered corporate payment service will allow each bank to offer their business customers an enhanced payments experience, ultimately enabling their end-customers to manage their cash flow, costs, and float better.</p>
<p>By our estimates, there are between 200-300 large, international corporates with regional treasury hubs in Singapore. These corporates span industries including fast-moving consumer goods (FMCG) and retail.</p>
<p>Often these corporates manufacture their products in India before shipping them to Singapore for worldwide distribution. In fact, the Singapore-India trade corridor is worth $15 billion.</p>
<p>Ripple-enabled cross-border payments will help unlock this corridor on both sides for Standard Chartered and Axis Bank.</p>
<p><b>Live retail payment service in the world’s biggest remittance market</b></p>
<p><span style="font-weight: 400;">It’s also never been more important for retail remittances to be instant, efficient, and secure between the UAE and India. Retail remittances between the two countries are significant and growing, thanks to the large Indian workforce in the UAE. </span></p>
<p><span style="font-weight: 400;">These workers send a significant proportion of their salaries home every year — nearly $12.6 billion annually — which RAKBANK wants to support with faster, easier, and more transparent payments.</span></p>
<p><span style="font-weight: 400;">Individual retail remittance payments are usually lower in value, but higher in volume. Processing these over RippleNet will allow RAKBANK to offer their retail customers an easier, more affordable experience, helping them to increase their market share in this crowded and competitive space.</span></p>
<p><b>What leaders at Ripple and major banks have to say about using RippleNet</b></p>
<p><span style="font-weight: 400;">Marcus Treacher, Ripple’s global head of strategic accounts said: “Standard Chartered, Axis Bank, and RAKBANK recognize the evolving demands of their customers and are leaning in to better serve their needs today and into tomorrow as expectations for speed and transparency will only rise. This commercial service is a significant step toward helping corporates and migrant workers around the world unlock trillions of dollars in trapped working capital, accelerate global commerce, and send vital funds home as quickly as possible.&#8221;</span></p>
<p><span style="font-weight: 400;">Gautam Jain, global head of digitisation and client access, transaction Banking at Standard Chartered said: “The successful launch of our commercial cross-border payment service marks a significant milestone in the financial industry’s progress in applying distributed ledger technology for corporates. We are incredibly proud to be leading the way in this area. This affirms our commitment to digitisation and innovation as we continuously look at new way</span></p>
<p><span style="font-weight: 400;">Axis Bank President of Transaction Banking Himadri Chatterjee said: “While there have been significant innovations in domestic payments, cross-border remittance has seen limited developments. Using APIs and distributed ledger technology, there is an opportunity to radically change the way international payments are handled. We are excited with the potential the technology has to bring innovative services to the market and help us enhance value to our customers.”</span></p>
<p><span style="font-weight: 400;">Peter England, RAKBANK CEO</span><b>, </b><span style="font-weight: 400;">said: “We at RAKBANK believe in leveraging new technologies that constantly enhance our customer experience and by using Ripple’s Blockchain solution to power international payments, our customers can now send money home easily and in real time. Joining the Ripple network is in line with not only our Blockchain strategy, but it also allows us to expand our remittance footprint. This will help us scale our business and provide our customers with a first-class digital payments experience.”</span></p>
<p><a href="https://ripple.com/contact/">Contact us</a> to learn more about joining RippleNet.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-powered-instant-payment-services-now-live-axis-bank-rakbank-standard-chartered/">Ripple-powered Instant Payment Services Now Live with Axis Bank, RAKBANK, and Standard Chartered</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Welcomes New Board Member Benjamin Lawsky</title>
		<link>https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/</link>
		<pubDate>Tue, 21 Nov 2017 16:04:38 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15483</guid>
		<description><![CDATA[<p>In addition to adding a new CFO, Ripple is proud to announce the appointment our newest board member, Benjamin Lawsky. Lawsky, the former superintendent of financial services for the state of New York, has more than two decades of experience in both federal and state government. He’s also a luminary in the financial services and &#8230; <a href="https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/">Ripple Welcomes New Board Member Benjamin Lawsky</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><img class="alignleft wp-image-15486" src="https://cdn.ripple.com/wp-content/uploads/2017/11/BL-Photo-High-Rez-e1511221986917-265x300.jpg" alt="" width="300" height="340" srcset="https://cdn.ripple.com/wp-content/uploads/2017/11/BL-Photo-High-Rez-e1511221986917-265x300.jpg 265w, https://cdn.ripple.com/wp-content/uploads/2017/11/BL-Photo-High-Rez-e1511221986917-768x870.jpg 768w, https://cdn.ripple.com/wp-content/uploads/2017/11/BL-Photo-High-Rez-e1511221986917.jpg 798w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>In addition to adding a <a href="https://ripple.com/insights/ripple-welcomes-new-chief-financial-officer-ron-will/">new CFO</a>, Ripple is proud to announce the appointment our newest board member, Benjamin Lawsky.</p>
<p>Lawsky, the former superintendent of financial services for the state of New York, has more than two decades of experience in both federal and state government. He’s also a luminary in the financial services and digital-asset space.</p>
<p>In fact, Lawsky created BitLicense — an industry-leading regulation for digital-asset businesses operating in the state of New York.</p>
<p>Additionally, Lawsky has served as an assistant U.S. attorney in the Southern District of New York, chief counsel to U.S. Senator Charles Schumer (D-NY), chief of staff for Governor Andrew Cuomo, as well as co-chair of Governor Cuomo’s Cyber Security Advisory Board.</p>
<p><strong>Joining Ripple’s board of directors to accelerate innovation</strong></p>
<p>As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.</p>
<p>“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.</p>
<p>“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”</p>
<p>Read our <a href="https://ripple.com/ripple_press/ripple-appoints-former-new-york-state-superintendent-financial-services-benjamin-lawsky-board-ron-will-cfo/">press release</a> to learn more about Benjamin Lawsky&#8217;s appointment.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/">Ripple Welcomes New Board Member Benjamin Lawsky</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>American Express Joins RippleNet – Giving Visibility and Speed to Global Commercial Payments</title>
		<link>https://ripple.com/insights/american-express-joins-ripplenet-giving-visibility-and-speed-to-global-commercial-payments/</link>
		<pubDate>Thu, 16 Nov 2017 13:10:45 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15448</guid>
		<description><![CDATA[<p>American Express is the latest company to become a member of RippleNet.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/american-express-joins-ripplenet-giving-visibility-and-speed-to-global-commercial-payments/">American Express Joins RippleNet – Giving Visibility and Speed to Global Commercial Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_686801131.jpg"><img class="alignnone wp-image-15459" src="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_686801131.jpg" alt="" width="717" height="450" srcset="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_686801131.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_686801131-300x188.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_686801131-768x482.jpg 768w" sizes="(max-width: 717px) 100vw, 717px" /></a></p>
<p>The movement to modernize the global payment system is quickly gaining momentum as another major global financial services company joins RippleNet.</p>
<p>American Express is the latest company to become a member of RippleNet, <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">joining the ranks of Credit Agricole, Airwallex, Cuallix</a>, and more.</p>
<p>American Express is joining Ripple’s blockchain network to provide real-time, business-to-business global payments that will ultimately enhance their customers’ experience.</p>
<p>Initially, American Express FX International Payments (FXIP) will partner with Santander UK to create a transaction channel between the U.S. and U.K. — a first and a boon for the corridor. <a href="http://www.dailymail.co.uk/news/article-4247434/US-UK-s-trade-partner-NOT-EU.html">The U.S. is the U.K.’s largest trading partner</a>, creating an immediate need for frictionless corporate global payments in the U.K. market.</p>
<p><strong>Partnering to deliver faster, better service</strong></p>
<p>By leveraging the power of RippleNet, FXIP customers will see an immediate improvement in how they send money globally.</p>
<p>Compared with the traditional payment process, Ripple’s blockchain-enabled payments simplify connections with intermediaries and provide immediate end-to-end visibility into the transaction status and cost.</p>
<p>What’s more, FXIP’s use of RippleNet will maintain the level of security that American Express customers have come to know and expect.</p>
<p>“We’ve already seen evidence that blockchain technology is playing a transformational role in the way customers are served,” said Greg Keeley, executive vice president of global corporate payments at American Express.</p>
<p>“Not only does this partnership with Ripple help decrease the time it takes for international transactions to be processed, it can make our transactions more effective for our customers,” Keeley added.</p>
<p><strong>Joining forces to avoid settling for less</strong></p>
<p>FXIP’s partnership with Santander UK to send cross-border payments between the U.S and U.K will help American Express not only streamline corporate payments, but also establish a wider footprint in the U.K.</p>
<p>José Luis Calderón, Santander’s global head of transaction banking, said, “This blockchain solution opens up a new channel between the U.S. and the U.K. and presents a significant opportunity for payments globally.</p>
<p>“Collaborating with forward-thinking businesses has enabled us to deliver this cutting-edge, secure, friction-free payment solution and extend our ‘Simple, Personal, Fair’ philosophy to American Express and their customers.”</p>
<p>Ripple CEO Brad Garlinghouse agreed with Calderón’s statement stating, “Ripple is taking a huge step forward with American Express and Santander in solving the problems corporate customers experience with global payments.”</p>
<p>“Transfers that used to take days will be completed in real time, allowing money to move as fast as businesses move today. It’s just the beginning, and we look forward to growing this partnership to help other American Express FXIP customers.</p>
<p><a href="https://ripple.com/contact/">Contact us</a> to learn more about Ripple’s growing network, and how other companies are helping to create one frictionless experience to send money globally.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/american-express-joins-ripplenet-giving-visibility-and-speed-to-global-commercial-payments/">American Express Joins RippleNet – Giving Visibility and Speed to Global Commercial Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Hosts World’s Central Banks to Explore Next Generation of Payments</title>
		<link>https://ripple.com/insights/ripple-hosts-worlds-central-banks-to-explore-next-generation-of-payments/</link>
		<pubDate>Mon, 13 Nov 2017 16:59:12 +0000</pubDate>
		<dc:creator><![CDATA[Team Ripple]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15433</guid>
		<description><![CDATA[<p>Image: Shutterstock Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments. The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership, payment strategy leads and oversight staff for a focused discussion on &#8230; <a href="https://ripple.com/insights/ripple-hosts-worlds-central-banks-to-explore-next-generation-of-payments/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-hosts-worlds-central-banks-to-explore-next-generation-of-payments/">Ripple Hosts World’s Central Banks to Explore Next Generation of Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_217119211.jpg"><img class="alignnone wp-image-15435" src="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_217119211.jpg" alt="" width="800" height="329" srcset="https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_217119211.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_217119211-300x123.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/11/shutterstock_217119211-768x316.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p><em>Image: Shutterstock</em></p>
<p>Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments.</p>
<p>The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership, payment strategy leads and oversight staff for a focused discussion on blockchain.</p>
<p>Ripple CEO Brad Garlinghouse hosted the event and said, “The Summit provided an opportunity to explore the full payments landscape: central banks’ domestic trials, Ripple’s growing cross-border network and interoperability across systems. Together, these form the beginning of an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>, where payments move as easily as the data across the internet.”</p>
<p><strong>Internet of Value: enabling connectivity and interoperability</strong></p>
<p>The Summit started with a <a href="http://www.imf.org/en/News/Articles/2017/11/01/sp103017-fintech-and-cross-border-payments">presentation</a> from the International Monetary Fund (IMF) on fintech’s potential to change market structure, opening new possibilities in payments.</p>
<p>With this context, the Summit explored central banks’ experiments with using blockchain for domestic payments. These domestic trials explored rebuilding existing systems, building new backup systems, and creating new features such as a central bank digital currency.</p>
<p>The research has furthered the understanding of blockchain —  both the use cases for where it makes sense and where it doesn’t. The ultimate adoption of blockchain for domestic payments may not be universal. The optimal solution depends on the pain points and features needed in each market, which can vary greatly by country. With this realization, interoperability between systems —  both centralized and distributed  —  became a key focus area and the impetus of Ripple’s own work on <a href="https://interledger.org/">Interledger</a>.</p>
<p>One place where the pain points are universal is in cross-border payments. Cross-border payments — which are fragmented in nature —  are an excellent fit for blockchain technology. What’s more, the technology has been rapidly adopted in the market. Ripple shared how it has specialized blockchain for interbank payments, enabling cross-border functionality that is real-time with transparency into status and fees.</p>
<p>Ripple gave detailed presentations on how we use blockchain-based solutions to enable connectivity in payments. Ripple solutions connect the following:</p>
<ul>
<li>Banks with a growing network of over <a href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">100 financial institutions</a></li>
<li>Payment systems, via a trial with <a href="https://ripple.com/insights/results-of-the-bank-of-englandripple-proof-of-concept-published-today/">Bank of England to connect </a>RTGS systems</li>
<li>Networks, through <a href="https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/">Mojaloop, a platform developed in partnership with The Gates Foundation</a> to connect mobile money providers</li>
</ul>
<p><strong>Digital assets: The future of liquidity is here</strong></p>
<p>The Summit’s presentations covered the future of seamless connectivity and interoperability, which led to the next critical component for payments: liquidity. To date, liquidity is achieved through pre-funded accounts with counterparties. Yet, that comes with costs and risks that limit reach to high-volume corridors.</p>
<p>The second half of the day explored the technological breakthrough of digital assets and their emerging use cases. For example, one use case that has presented great promise is using digital assets as a liquidity tool — this allows for global reach without pre-funding.</p>
<p>Ripple shared how the adoption of XRP to connect fiat currencies creates a new paradigm for liquidity, enabling greater reach at lower costs than previously possible. The Ripple team discussed our research on adoption models, cost savings, and key takeaways from our trials with banks.</p>
<p>Presentations also discussed other digital currency use cases including central banks’ experiments and the regulatory response to contain risk in ICOs.</p>
<p><strong>Top takeaways for central banks</strong></p>
<p>The key takeaway from the summit was that new technology is modernizing payments. There’s great potential and the Internet of Value is coming into view.</p>
<p>Garlinghouse concluded, “These blockchain conversations have been happening in isolation. The value of the Central Bank Summit was in exploring and connecting these efforts, as together they create the next generation of payments.”</p>
<p>The summit was the first of many forums that Ripple has hosted to connect banks to blockchain and digital asset luminaries, and we will continue to foster the conversation to improve the technology.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-hosts-worlds-central-banks-to-explore-next-generation-of-payments/">Ripple Hosts World’s Central Banks to Explore Next Generation of Payments</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Top 3 Takeaways From Swell</title>
		<link>https://ripple.com/insights/top-3-takeaways-swell/</link>
		<pubDate>Thu, 26 Oct 2017 22:33:24 +0000</pubDate>
		<dc:creator><![CDATA[Kelly Johnson]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15364</guid>
		<description><![CDATA[<p>If you attended Swell in mid-October, one thing was clear: This was far from a typical banking event. The inviting atmosphere put attendees at ease, prompting them to speak candidly about the pain points associated with cross-border payments, and the obligation they have to improve the payment experience for their clients. After each conversation, three &#8230; <a href="https://ripple.com/insights/top-3-takeaways-swell/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/top-3-takeaways-swell/">Top 3 Takeaways From Swell</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571033710-o653641851-4.jpg"><img class="alignnone size-full wp-image-15367" src="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571033710-o653641851-4.jpg" alt="" width="800" height="533" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571033710-o653641851-4.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2571033710-o653641851-4-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2571033710-o653641851-4-768x512.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>If you attended <a href="https://swell.ripple.com">Swell</a> in mid-October, one thing was clear: This was far from a typical banking event.</p>
<p>The inviting atmosphere put attendees at ease, prompting them to speak candidly about the pain points associated with cross-border payments, and the obligation they have to improve the payment experience for their clients.</p>
<p>After each conversation, three central themes emerged: Banks want and need to improve the retail and corporate customer experience, losing market share to other payment providers is a concern, and they need a line of sight into the future of blockchain.</p>
<p><strong>Customers Say ‘Banks are Slightly Behind’</strong></p>
<p>One of the main themes that came up repeatedly was the ability to track the status of a payment.</p>
<p>For some attendees and panelists, it was anathema to consider that it’s possible to track nearly every other aspect of our daily lives, but tracking a global payment is still hard to do for some financial institutions.</p>
<p>During the <a href="https://ripple.com/insights/live-from-swell-if-only-my-banks-offered/"><em>If Only My Bank Offered</em> </a>panel discussion, Kapil Mokhat, global director of payment programs at Airbnb, said that “the banks are slightly behind, but services like Paypal are preferred because they [Airbnb hosts] know they can log in and see the money the second we push it.&#8221;</p>
<p><strong>Takeaway No.1:</strong> An enterprise blockchain network — such as RippleNet —  that connects banks to payment providers provides the necessary transparency to track payments through its journey to the sender.</p>
<p>Through one simple API integration, Ripple offers businesses (corporates, money service businesses and banks) the ability to send money globally instantly, reliably, and with full end-to-end visibility into the status of the payment.</p>
<p>“Companies like Ripple are putting a great deal of effort in the technology that many of us will use. This [blockchain] will help us improve the cost of our internal administration,” said Paul Snaith, manager of treasury operations for capital markets and banking and payments at the World Bank.</p>
<p><strong>To Improve the Customer Experience, You Have to Get Close to the Competition</strong></p>
<p>Consumers have found alternative solutions to send and receive money quickly — mostly from smaller payment service providers — when their banks can’t deliver this service.</p>
<p>What’s more, the payment service provider space is growing. There are more than 65 providers in the space, and these companies continue to siphon off market share from the banks. As a result, many financial institutions have decided that if they can’t beat them, they’ll join them.</p>
<p>“Customers are in control, now more than ever before,” said Rahul Pai, COO of UAE Exchange during the <a href="https://ripple.com/insights/live-swell-close-personal-um-competition/"><em>Up Close and Personal</em> </a>panel. “And there will be businesses built where non-banks will own endpoints.”</p>
<p>The movement towards third-party providers may raise the hackles for some banks. But Pai had these words for the attendees: “Banks: We&#8217;re not here to compete. We need you; you need us.”</p>
<p><strong>Takeaway No.2:</strong> Several panelists agreed that consumers will continue to drive demand for new financial services. Conversely, the list of global payment providers will continue to grow. Blockchain technology can give banks a connection to these payment providers, and help facilitate real-time, cross-border payments that were previously impossible to send. What’s more, the connection allows banks to stay competitive.</p>
<p>“We’re not disrupting banks,” said Sergio Fogel of dLocal. “We’re [executing] transactions that wouldn’t otherwise happen.”</p>
<p><strong>The Appetite for Blockchain is Growing</strong></p>
<p>Throughout Swell, many attendees wanted to discuss the consumerization of blockchain technology and its practical applications in the finance industry.</p>
<p>In the <a href="https://ripple.com/insights/live-swell-first-movers-tell/"><em>First Movers Tell All</em></a> panel, Richard Bell, head of innovation, at Santander said that his institution “sees a benefit to implementing the technology.”</p>
<p>Paul Snaith, echoed that sentiment. “We’re very interested in blockchain because we see that there’s a broad effect, and we need to get ourselves into a place where we’ll be able to work with this new technology.”</p>
<p>“It’s the first time in my banking career where data is the focus of every meeting, and blockchain is talked about,” he added.</p>
<p><strong>Takeaway No.3</strong>: The blockchain market is still in its nascent stage, but commercial applications of this technology with a clear use case for global payments is already happening today. In fact, RippleNet has grown to more than 100 members. Additionally, 89 of those members are banks and 78 of have deployed commercially.</p>
<p>To get insight into the first two days of Swell, read our <a href="https://ripple.com/insights/tragic-hero/swell-day-1-a-former-fed-chair-speaks-the-practical-applications-of-digital-assets-blockchain-and-more/">day one</a> and <a href="https://ripple.com/insights/tragic-hero/swell-day-2-words-of-wisdom-from-the-inventor-of-the-web-and-industry-leaders-discuss-which-blockchain-should-rule-them-all/">day two</a> recaps.</p>
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<p>The post <a rel="nofollow" href="https://ripple.com/insights/top-3-takeaways-swell/">Top 3 Takeaways From Swell</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Q3 2017 XRP Markets Report</title>
		<link>https://ripple.com/xrp/q3-2017-xrp-markets-report/</link>
		<pubDate>Thu, 19 Oct 2017 13:03:09 +0000</pubDate>
		<dc:creator><![CDATA[Miguel Vias]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15313</guid>
		<description><![CDATA[<p>In order to continually improve the health of XRP markets globally, we share regular updates on the state of the market including quarterly sales, commentary on previous quarter market developments and company-related announcements. Quarterly Sales In Q3 2017, market participants purchased $19.6 million directly from XRP II, LLC* — our registered and licensed money service &#8230; <a href="https://ripple.com/xrp/q3-2017-xrp-markets-report/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/xrp/q3-2017-xrp-markets-report/">Q3 2017 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p>In order to continually improve the health of <a href="https://ripple.com/xrp/">XRP</a> markets globally, we share regular updates on the state of the market including quarterly sales, commentary on previous quarter market developments and company-related announcements.</p>
<p><strong>Quarterly Sales</strong></p>
<p>In Q3 2017, market participants purchased $19.6 million directly from XRP II, LLC* — our registered and licensed money service business (MSB). These participants tend to be institutional buyers and their purchases include restrictions that mitigate the risk of market instability due to potential subsequent large sales.</p>
<p>Additionally, XRP II, LLC sold $32.6 million worth of XRP programmatically as a small percentage of overall exchange volume. For Q3, the sales represented 0.20 percent (20 basis points) of the total $16.50 billion traded, an 11 basis-point increase from Q2 2017’s 0.09 percent (9 basis points). The increase was primarily due to an expansion of the number of exchanges on which Ripple sells XRP.</p>
<p><sup>*XRP II, LLC is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.</sup></p>
<hr />
<h3>Market Commentary: Turmoil in Digital Asset Markets in Q3</h3>
<p>There were numerous broad market developments in Q3 with material impacts on the digital asset space.The Bitcoin fork, ICO legality, and China’s stance on digital assets all contributed to a whirlwind three months for the markets.</p>
<p><strong>July</strong></p>
<p>Turbulence hit going into July with a broad market sell-off due to ICO-related ether (ETH) concerns. By July 7, total market capitalization across all digital assets had declined by more than $20 billion due to fears of large ETH liquidations. Additionally, rumors of an ICO crackdown by the Securities and Exchange Commission (SEC) contributed to the unease in the market as participants exited positions en masse. On July 25, the SEC finally issued a statement that decreed some ICOs could be<a href="https://www.coindesk.com/securities-exchange-commission-us-securities-laws-may-apply-token-sales/"> “subject to the requirements of the federal securities laws.”</a> However, by this point, markets seemed to have been priced in the worst case scenarios — namely an outright SEC ICO ban and massive ETH liquidations. As it became clear neither would occur immediately, most digital assets including XRP rebounded. Unfortunately, there were a few challenges ahead.</p>
<p>After the dust from the SEC announcement settled, market attention turned to an unresolved scaling debate which had been brewing for years between developers and miners in the bitcoin community. This Bitcoin fork — a change to the protocol meant to increase throughput which would also result in competing versions of the Bitcoin blockchain and the creation of bitcoin cash (BCH) — was quickly becoming a real possibility. Many long-term traders and developers in the community were expecting significant volatility as the situation evolved. When miners missed the first BIP 148 deadline on July 16, bitcoin swiftly sold off — briefly touching $1,885. That market reaction to a lack of support from the miners helped to persuade the bitcoin community to align on the appropriate course forward.</p>
<p><strong>August</strong></p>
<p>Towards the end of July, markets slowly became more comfortable with the ramifications of a split, and money began significantly rotating into BTC. Since anyone holding BTC pre-split would receive an equal amount of BCH post-split, market participants realized there could be free money to be had by holding BTC going into the fork. On August 1, markets witnessed the BTC fork and subsequent creation of BCH, with very little commotion.</p>
<p>With the worst seemingly over, BTC saw large flows re-enter the space. From early August through early September, the total market capitalization of the digital asset space doubled, with BTC trading to a new high of nearly $5,000 on September 2.</p>
<p><strong>September</strong></p>
<p>As September began, the relative euphoria from August’s success quickly faded and gave way to another large sell-off in early September as China, unlike the SEC, took an increasingly hard-line stance against digital assets. On September 4, China declared initial coin offerings (ICOs) illegal and ordered ICO fundraises to “cease immediately.” Days later, it ordered domestic digital asset exchanges to stop trading altogether. What was once one of the largest and most influential market for digital currencies was pulling the plug without warning. Adding fuel to the fire, Jamie Dimon, chairman and CEO of JPMorgan Chase, called BTC a “fraud” and stated that it would soon “shut down” in an interview on September 12.</p>
<p>It was a maelstrom of news and the markets reacted accordingly. In two weeks, total market capitalization plummeted $80 billion. And yet, after dipping so significantly, on September 15, markets began to recover. Ultimately, Dimon’s remarks were relatively meaningless, and China’s actions lacked a lasting effect. While the former is not surprising, the latter is important.</p>
<p>Over the last few years, China’s influence on digital asset markets has diminished and been supplanted by the growth in liquidity pools in other major trading hubs, such as South Korea and Japan. On September 29, regulators in Japan approved licenses for 11 digital asset exchanges (including one by our partner, SBI Holdings), with 17 exchanges still under review, all a clear sign of a significant shift.</p>
<hr />
<h3>Despite Market Turbulence, XRP Remained Stable</h3>
<p>Compared to the substantial uptick in XRP market interest and activity in the second quarter, Q3 ushered in relative stability. The dramatic events in the digital asset space over the course of the quarter detailed above largely, and sometimes fortunately, did not involve XRP directly.</p>
<p>After the stunning 1,159 percent Q-o-Q increase in Q2, XRP retraced 24.9 percent to finish the third quarter at $0.20, but still up 2,963 percent from last year. Impressively, daily volatility in XRP decreased to 6.80 percent from 22.56 percent in Q2. Much of this consolidation was due to the continued development of XRP liquidity. In fact, Q3 XRP volumes were the highest on record at $16.50 billion.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/pic1-1.png"><img class="alignnone wp-image-15338 size-full" src="https://cdn.ripple.com/wp-content/uploads/2017/10/pic1-1.png" alt="" width="2000" height="661" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/pic1-1.png 2000w, https://cdn.ripple.com/wp-content/uploads/2017/10/pic1-1-300x99.png 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/pic1-1-768x254.png 768w, https://cdn.ripple.com/wp-content/uploads/2017/10/pic1-1-1024x338.png 1024w" sizes="(max-width: 2000px) 100vw, 2000px" /></a></p>
<p>&nbsp;</p>
<p><strong>XRP Maturing Past Younger Digital Assets</strong></p>
<p>Q2 saw drastic increases in XRP volatility as digital asset prices soared, but the “relative normality” reached at the end of the previous quarter continued in Q3. The high watermark for 30-day volatility of daily returns for Q3 was 8.7 percent, a far cry from the 36.1 percent in Q2.</p>
<p>Compared to the markets of younger digital assets, XRP’s price stability in Q3 is likely a sign of market maturation. The fact that XRP is now listed on 30 exchanges and traded an average of $179.3 million per day in Q3 points to significant development for an asset that was only trading on seven exchanges just six months ago. Additionally, its relative independence from Chinese markets, lack of involvement in ICOs, and clear governance model shielded XRP somewhat this quarter.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/pic3.png"><img class="alignnone size-full wp-image-15348" src="https://cdn.ripple.com/wp-content/uploads/2017/10/pic3.png" alt="" width="1903" height="831" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/pic3.png 1903w, https://cdn.ripple.com/wp-content/uploads/2017/10/pic3-300x131.png 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/pic3-768x335.png 768w, https://cdn.ripple.com/wp-content/uploads/2017/10/pic3-1024x447.png 1024w" sizes="(max-width: 1903px) 100vw, 1903px" /></a></p>
<p><strong>Volumes Grow, Correlations Weaken, and a Swell Announcement Boosts XRP</strong></p>
<p>Although XRP price action during the quarter was not driven by broader digital asset volatility, XRP did not completely divorce itself from the rest of the market in Q3. Initially, its correlations to ETH and BTC were relatively low — 11.3 percent and 17.1 percent, respectively. However, as the ICO-related worries and Bitcoin fork concerns took hold in July, most digital assets began trading in unison and correlations shot up as a result.</p>
<p>Interestingly, before and after the fork, XRP remained highly correlated to ETH (96.9 percent), but unsurprisingly, diverged from BTC. From August 1 to September 1, BTC rallied and XRP held steady, sending correlations from 70 percent to -5 percent. This lack of correlation became pronounced on August 21, when Ripple began its campaign around <a href="http://swell.ripple.com">Swell</a>.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/Picture2.png"><img class="alignnone wp-image-15341 size-full" src="https://cdn.ripple.com/wp-content/uploads/2017/10/Picture2.png" alt="" width="2000" height="809" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/Picture2.png 2000w, https://cdn.ripple.com/wp-content/uploads/2017/10/Picture2-300x121.png 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/Picture2-768x311.png 768w, https://cdn.ripple.com/wp-content/uploads/2017/10/Picture2-1024x414.png 1024w" sizes="(max-width: 2000px) 100vw, 2000px" /></a></p>
<p>Anticipation around the event spurred a meaningful spike in XRP, pushing it up 100 percent, from $0.15 to $0.30 on $4.56 billion of volume, all without a corresponding rally in BTC or ETH. In fact, XRP’s 23 percent Q-o-Q volume increase, as well as the overall volume record set during the quarter, can largely be attributed to activity during the three-day period between August 22 -24.</p>
<p>As the quarter came to a close, XRP’s correlation to BTC and ETH was back up to nearly 90 percent, a stark reminder that announcements from Chinese regulators, as well as Dimon’s BTC remarks, were equally influential to the most important currencies in the market. However, the quarter clearly illuminated an interesting dynamic.</p>
<p>XRP, at times overwhelmingly independent, and at others somewhat dependent, gave clear hints that there could come a time when BTC and ETH developments begin to lose their impact on XRP. As it continues to gain adoption, as its volumes continue to grow, as the days without XRP forks and governance issues continue to pass, its correlative relationships may shift, and XRP could continue to find itself independent of the noise as it charts its own path.</p>
<hr />
<h3>What’s on the Horizon for Q4 2017</h3>
<p>In Q3, two of our most important objectives were to bolster our XRP lending and help grow over the counter (OTC) XRP markets. Our work in OTC markets was quite successful. We were able to diversify our pipeline of OTC buyers and establish relationships with most of the key OTC market makers in the space. We’ll look to leverage this momentum as we continue to help build out OTC liquidity in Q4.</p>
<p>Unfortunately, our efforts around lending were more challenged. In the world of digital assets, the devil is in the details, and it turns out there are several considerations to account for when lending XRP. As a result, that initiative is taking a little longer than expected, but we expect to have it up and running in the middle of Q4.</p>
<p>During the fourth quarter, we’ll also continue to expand our xRapid partnerships. Our long-term goal is, and has always been, usage of XRP as a liquidity solution for more and more corridors, and partnerships are key to achieving this goal. Our <a href="https://ripple.com/ripple_press/ripples-blockchain-network-now-100-strong/">Cuallix announcement </a>was a clear indication of significant progress, but it’s just the beginning. In the fourth quarter, we’ll announce additional xRapid partnerships, an <a href="https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/">innovative approach to using XRP to further Ripple Network adoption</a>, and new ways XRP will drive broad development of the digital asset space. Visit <a href="https://ripple.com/insights/">Ripple Insights</a> throughout the quarter to read the latest developments as they unfold.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/xrp/q3-2017-xrp-markets-report/">Q3 2017 XRP Markets Report</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell Day 2: Words of Wisdom from the Inventor of the Web and Industry Leaders Discuss Which Blockchain Should Rule Them All</title>
		<link>https://ripple.com/insights/swell-day-2-words-of-wisdom-from-the-inventor-of-the-web-and-industry-leaders-discuss-which-blockchain-should-rule-them-all/</link>
		<pubDate>Wed, 18 Oct 2017 13:38:04 +0000</pubDate>
		<dc:creator><![CDATA[Kelly Johnson]]></dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15301</guid>
		<description><![CDATA[<p>The second day of Swell came to a close on Tuesday, and even though the first day of programming set a high bar, the second day set a new standard. Watch our recap video from Swell Day 2 The Ripple team started the day with an hour-long keynote from the Inventor of the World Wide &#8230; <a href="https://ripple.com/insights/swell-day-2-words-of-wisdom-from-the-inventor-of-the-web-and-industry-leaders-discuss-which-blockchain-should-rule-them-all/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-day-2-words-of-wisdom-from-the-inventor-of-the-web-and-industry-leaders-discuss-which-blockchain-should-rule-them-all/">Swell Day 2: Words of Wisdom from the Inventor of the Web and Industry Leaders Discuss Which Blockchain Should Rule Them All</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p>The second day of <a href="http://Swell.ripple.com">Swell</a> came to a close on Tuesday, and even though <a href="https://ripple.com/insights/tragic-hero/swell-day-1-a-former-fed-chair-speaks-the-practical-applications-of-digital-assets-blockchain-and-more/">the first day of programming</a> set a high bar, the second day set a new standard.</p>
<p><em><a href="https://www.youtube.com/watch?v=wpuFuyqz2js&amp;feature=youtu.be">Watch our recap video from Swell Day 2</a></em></p>
<p>The Ripple team started the day with an hour-long keynote from the Inventor of the World Wide Web, Sir Tim Berners-Lee. Berners-Lee recounted how he saw an opportunity to bring together disparate components that existed in the early days of the internet, and how the web spurred connectivity not just between systems, but also people.</p>
<p>When one attendee asked Berners-Lee for his prediction on the future of blockchain as well as the internet, his answer leaned towards furthering connections and access to information.</p>
<p>&#8220;There is a time for creativity, there is a time for consortia [and] working together, and there is a time of consequences,&#8221; Berners-Lee said.</p>
<p><strong>We Invite Our Partners to the Stage</strong></p>
<p>Shortly after Berners-Lee left the stage, the second panel — featuring dLocal, Cambridge Global Payments, and UAE Exchange — discussed the market opportunity in cross-border payments and how they’re stealing market share from other banks.</p>
<p style="text-align: center;"><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750578-o653641851-4.jpg"><img class="wp-image-15303 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750578-o653641851-4.jpg" alt="" width="600" height="400" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750578-o653641851-4.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750578-o653641851-4-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750578-o653641851-4-768x512.jpg 768w" sizes="(max-width: 600px) 100vw, 600px" /><em>Kausik Rajgopal, Corinne MacMillan, Sergio Fogel, Rahul Pai at Swell</em></a></p>
<p>“I think our customers are choosing our services today because we spend a lot of time understanding the customer need and driving a better user experience for them,” said Corinne MacMillan, CTO of Cambridge Global Payments.</p>
<p>Raul Pai, COO of UAE Exchange credited the success of his institution’s efforts to convenience.</p>
<p>“If you look at why customers choose us and how we were able to get to large processing volume, there’s only one answer — convenience. We try to put the customer at the center of any transaction. How can we make it faster?”</p>
<p>Kausik Rajgopal, the moderator, asked the panelists about the role they play in disrupting the marketplace and how this impacts relationships with banks.</p>
<p>dLocal took a contrarian point of view and said that they’re not disrupting the banks and financial institutions, but working with them to bring the best possible solution to the market for customers.</p>
<p>“In our case, we are helping disruptors getting into [corporates] like Airbnb&#8230;but we are not disrupting banks, we are making transactions happen that wouldn’t otherwise happen,” said Fogel.</p>
<p>Rahul Pai added his message to banks stating, “ We’re not here to compete. We need you; you need us.”</p>
<p><a href="https://ripple.com/insights/live-swell-close-personal-um-competition/">Watch the recording</a> to hear how each of these companies struggle to find talent and how they plan to collaborate with FinTechs in the future.</p>
<p><strong>Early Adopters Move First to Deploy Blockchain Solutions</strong></p>
<p>Marcus Treacher, Global Head of Strategic Accounts for Ripple, gathered a distinguished panel on stage.</p>
<p>Panelists included the Innovation Lead at Banco Santander, Richard Bell; Hirofumi Aihara, General Manager, Digital Innovation, Bank of Tokyo-Mitsubishi UFJ; Nobuo Ando Representative Director, SBI Remit Co., Ltd.; Paula De Silva, Head of Transaction Services, SEB; Dharmesh Desai, Group EVP, Yes Bank.</p>
<p>Treacher began the panel by asking how each company uses blockchain technology to drive results in their financial institutions.</p>
<p>“I did a lot of investigation and I wanted to see what kind of problem Ripple could solve, I looked across the major banks in the U.K. and looked at their service offerings for international payments, and I was shocked by what I saw.”</p>
<p><em><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750656-o653641851-4.jpg"><img class="wp-image-15304 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750656-o653641851-4.jpg" alt="" width="600" height="400" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750656-o653641851-4.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750656-o653641851-4-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2573750656-o653641851-4-768x512.jpg 768w" sizes="(max-width: 600px) 100vw, 600px" /></a></em></p>
<p style="text-align: center;"><em>Marcus Treacher, Richard Bell, Nobuo Ando, Hirofumi Aihara, Paula Da Silva, Dharmesh Desai at Swell</em></p>
<p>Bell went on to describe how, after copious research, that most banks were advertising settlement times of eight to 14 days.</p>
<p>“This is quite incredible considering it was 2015. Back in the 1960s, Buzz [Aldrin] and his pals got to the moon and back in less time,” he added.</p>
<p>When asked the same question, Paula De Silva put it simply: “We do payments in 180 countries. We needed a faster and cheaper solution than what we have today.”</p>
<p><a href="https://ripple.com/insights/live-swell-first-movers-tell/">Watch the recording to learn how </a>other banks deployed solutions that improved how they sent and tracked global payments.</p>
<p><strong>The Future of Blockchain Lies in Interoperability</strong></p>
<p>In the final, yet most-anticipated session of the day, leaders representing different approaches to blockchain and digital assets joined to debate the future of DLT, blockchain, and cryptocurrencies.</p>
<p>Panelists included Stefan Thomas, CTO of Ripple; Vitalik Buterin, Founder of Ethereum; Brian Behlendorf Executive Director of Hyperledger; and Tom Jessup, President of Chain.</p>
<p>Even though most in the audience were expecting a fiery debate about the divergent applications for blockchain, the tone of the discussion was friendly.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573722757-o653641851-3.jpg"><img class="wp-image-15302 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573722757-o653641851-3.jpg" alt="" width="600" height="400" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/p2573722757-o653641851-3.jpg 580w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2573722757-o653641851-3-300x200.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /></a></p>
<p style="text-align: center;"><em>Michael Del Castillo, Vitalik Buterin, Brian Behlendorf, Stefan Thomas, Tom Jessup (not pictured) at Swell</em></p>
<p>The panel kicked off with Michael Del Castillo, a journalist with Coindesk, asking the panelists to describe the actual applications that have been created using protocols that they’ve built or represent.</p>
<p>“When I asked myself, ‘What does it mean for technology to be widely adopted?’ The thing that I realized is that it is interoperability,” said Thomas.</p>
<p>“You can’t lie in an ivory tower and imagine a perfect world and let people come to you. You can’t build things in insolation. You’re not going to enable people to come to you and join your vision.”</p>
<p>Buterin agreed somewhat by positioning Ethereum as a “public chain, in an open network where anyone can participate.”</p>
<p>When Castillo asked Buterin to identify the Ethereum Project’s competitors on the panel, Buterin did not take the bait: “We’re friends more than competitors.”</p>
<p>“Blockchain interoperability is very important. The key insight is that it’s not possible that everything is going to be on one blockchain,” he added.</p>
<p>To see Stefan Thomas’ answer to who is the competition, <a href="https://ripple.com/insights/live-swell-future-blockchain/">watch the recording</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/swell-day-2-words-of-wisdom-from-the-inventor-of-the-web-and-industry-leaders-discuss-which-blockchain-should-rule-them-all/">Swell Day 2: Words of Wisdom from the Inventor of the Web and Industry Leaders Discuss Which Blockchain Should Rule Them All</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Swell Day 1: A former Fed Chair Speaks, The Practical Applications of Digital Assets, Blockchain and More</title>
		<link>https://ripple.com/insights/featured/swell-day-1-a-former-fed-chair-speaks-the-practical-applications-of-digital-assets-blockchain-and-more/</link>
		<pubDate>Tue, 17 Oct 2017 13:13:51 +0000</pubDate>
		<dc:creator><![CDATA[Kelly Johnson]]></dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15278</guid>
		<description><![CDATA[<p>The first day of Swell concluded on October 15, and the program delivered on its promise to facilitate meaningful conversations about the future of digital assets, as well as the growing use case for real-time, cross-border payments for financial institutions, payments providers and corporates. Take a look at what we&#8217;ve been up to! Watch our &#8230; <a href="https://ripple.com/insights/featured/swell-day-1-a-former-fed-chair-speaks-the-practical-applications-of-digital-assets-blockchain-and-more/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/featured/swell-day-1-a-former-fed-chair-speaks-the-practical-applications-of-digital-assets-blockchain-and-more/">Swell Day 1: A former Fed Chair Speaks, The Practical Applications of Digital Assets, Blockchain and More</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p>The first day of <a href="http://swell.ripple.com">Swell</a> concluded on October 15, and the program delivered on its promise to facilitate meaningful conversations about the future of digital assets, as well as the growing use case for real-time, cross-border payments for financial institutions, payments providers and corporates.</p>
<p><a href="https://www.youtube.com/watch?v=g613p-f2NlU"><em>Take a look at what we&#8217;ve been up to! Watch our daily recap video.</em></a></p>
<p>Day one began with a keynote from Dr. Ben Bernanke, former Chairman of the Federal Reserve System (2006 &#8211; 2014). Gene Sterling, National Economic Council Director and Advisor under President Clinton and Obama, joined Bernanke on stage.</p>
<p>The two held a Q&amp;A session where Sperling inquired about Bernanke’s thoughts on the current monetary policy, China’s impact on the American economy, and NAFTA trade policy.</p>
<p>Bernanke’s keynote drew a crowd — leaving standing room only. Many attendees gathered to be part of the intimate Q&amp;A session and asked the former chair questions about his thoughts on blockchain technology and current threats and opportunities to the U.S economy.</p>
<p><strong>Tracking Cross-Border Payments Should be as Easy as Tracking Your Pizza Order</strong></p>
<p>After the keynote, the first group of panelists representing various corporates — such as GE Capital, Airbnb, and The World Bank — were joined by moderator Jeff John Roberts from Forbes to discuss the importance of transparency in cross-border global payments, and the pain points associated with not being able to track global payments.</p>
<p>When the topic came up, Kapil Mokhat, Global Director of Payment Programs at Airbnb, said it best: “These days you can track a pizza [being delivered], it makes sense to give that same level of transparency to tracking a payment.”</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571366387-o653641851-4.jpg"><img class="wp-image-15279 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571366387-o653641851-4.jpg" alt="Swell by Ripple" width="600" height="400" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571366387-o653641851-4.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2571366387-o653641851-4-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2571366387-o653641851-4-768x512.jpg 768w" sizes="(max-width: 600px) 100vw, 600px" /></a></p>
<p style="text-align: center;"><em>Panelists Kristin Michaud, Kapil Mokhat, Paul Snaith at Swell</em></p>
<p>Kristen Michaud, Managing Director, Treasury Operations from GE Capital echoed this sentiment, and detailed how painful it is for her organization when a payment is lost and there’s no visibility to where it is in the process.</p>
<p>“We were trying to send a cross-border payment, and we couldn’t get the corresponding bank to acknowledge the payment. You can imagine the hops upstream it takes to reconcile this. [This is] not an extraordinary circumstance, but you can imagine the magnitude across 180 countries,” Michaud said.</p>
<p>Michaud continued to explain how previous GE Capital plans to avoid these problems in the future.</p>
<p>“We’re entering this new era where we’re improving our capacity to track a payment through its entire journey,” Michaud concluded.</p>
<p><a href="https://ripple.com/insights/live-from-swell-if-only-my-banks-offered/">Watch the livestream</a> to hear how Airbnb and World Bank address lost payments and where blockchain fits in to remove this friction.</p>
<p><strong>Blockchain — Helping Banks Stay Competitive</strong></p>
<p>The second panel featured a discussion between RippleNet customers — Siam Commercial, Banco Santander, and SBI Ripple Asia — about blockchain and the opportunities and challenges in the space. The panel’s moderator, Dilip Rao, Ripple Managing Director, APAC/MENA, led the conversation by asking the panelists why they came to Ripple and what blockchain can do for banks.</p>
<p>Most were trying to solve for the rapid development and innovation in FinTech services — especially around instant payments — and how they began to outpace financial services.</p>
<p>“We have some significant competition that have taken large chunks of the market. They offer a very good level of service. That was the trigger to improve our international payment” said Ed Metzger, Head of Innovation at Banco Santander.</p>
<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571331767-o653641851-4.jpg"><img class="wp-image-15280 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571331767-o653641851-4.jpg" alt="Swell - Follow the Flows" width="600" height="400" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/p2571331767-o653641851-4.jpg 800w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2571331767-o653641851-4-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/p2571331767-o653641851-4-768x512.jpg 768w" sizes="(max-width: 600px) 100vw, 600px" /></a></p>
<p style="text-align: center;"><em>Panelists Ed Metzger, Dr. Arak Sutivong, Takashi Okita at Swell</em></p>
<p>Dr. Arak Sutivong, Chief Strategy Officer, at Siam Commercial Bank, added that his organization identified that payments had “moved away from banks.”</p>
<p>“Technology has reshaped the banking industry in Thailand and especially payments. Payments started to go away. A lot of FinTechs started to provide payments, which prompted us to ask ourselves how do we prepare for such changes.”</p>
<p>“We started to look at technologies, and what blockchain and DLT meant for banks,” Sutivong said.</p>
<p>Takashi Okita, CEO of SBI Ripple Asia, detailed how recent regulatory changes brought together a consortium of banks — across regions — that applies blockchain for practical applications.</p>
<p>To hear how each panelist began using RippleNet to send global payments and won back market share from their competitors <a href="https://ripple.com/insights/live-from-swell-follow-the-flows-strike-while-the-irons-hot/">listen to the recorded livestream</a>.</p>
<p><strong>Digital Assets: Prepare for Innovation</strong></p>
<p>In the final panel, Oliver T. Bussmann, Founder and Managing Partner at Bussmann Advisory, CEO of Veem Marwan Forzley, and Ripple SVP Patrick Griffin, all took the stage to discuss the lens through which they view digital assets and the practical use cases.</p>
<p>“There are discussions of use cases that are way out there … such as machines paying machines,” quipped Griffin.</p>
<p>“What is commercial and applicable today is a use case largely around treasury, cash management, and liquidity. It’s not a replacement for which money moves around, but it’s a very exciting augmentation in the back office.”</p>
<p>Bussmann agreed that the best use case for digital assets is in “the global payment, cash management” space because it’s rife for “disruption offers huge profit pools.”</p>
<p>“I view blockchain and crypto in general as providing on-demand liquidity, so you don’t have to have a bank account” added Forzley when asked by the moderator about the role digital assets play in global payments.</p>
<p>“It’s glue, think of it as a way to tie a bunch of local payment systems together which is typically done through corresponding banking systems. It’s a model that’s going to evolve and digital assets are at the center of it.”</p>
<p>To hear how the panel speculated on the limited role blockchain has to play with digital assets, <a href="https://ripple.com/insights/live-swell-real-deal-digital-assets/">watch the livestream</a>.</p>
<p>Check <a href="https://ripple.com/insights/">Ripple Insights </a>today for all of the new livestreams from day two of Swell.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/featured/swell-day-1-a-former-fed-chair-speaks-the-practical-applications-of-digital-assets-blockchain-and-more/">Swell Day 1: A former Fed Chair Speaks, The Practical Applications of Digital Assets, Blockchain and More</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple &#038; the Gates Foundation Team Up to Level the Economic Playing Field for the Poor</title>
		<link>https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/</link>
		<pubDate>Mon, 16 Oct 2017 13:02:05 +0000</pubDate>
		<dc:creator><![CDATA[Kelly Johnson]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15254</guid>
		<description><![CDATA[<p>Many of the world’s poor in developing countries — nearly 2 billion, according to the World Bank — struggle to lift themselves out of poverty simply because they don’t have a bank account or financial services. This is a missed opportunity for the financial services industry that has traditionally focused on the rich and middle &#8230; <a href="https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/">Ripple &#038; the Gates Foundation Team Up to Level the Economic Playing Field for the Poor</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_517640602.jpg"><img class="alignnone size-large wp-image-15272" src="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_517640602-1024x576.jpg" alt="" width="1024" height="576" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_517640602-1024x576.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_517640602-300x169.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_517640602-768x432.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></p>
<p>Many of the world’s poor in developing countries — nearly 2 billion, according to the <a href="http://siteresources.worldbank.org/EXTINFORMATIONANDCOMMUNICATIONANDTECHNOLOGIES/Resources/IC4D-2012-Appendix-1.pdf">World Bank </a>— struggle to lift themselves out of poverty simply because they don’t have a bank account or financial services.</p>
<p>This is a missed opportunity for the financial services industry that has traditionally focused on the rich and middle class. In fact, developing markets represent the next frontier for <a href="http://www.ey.com/Publication/vwLUAssets/Banking-in-emerging-markets-seizing-oppurtunities-overcoming-challenges/$File/Banking-in-emerging-markets-seizing-oppurtunities-overcoming-challenges.pdf">economic growth.</a></p>
<p>Mobile wallets can be an effective, alternative solution for unbanked people, but it’s costly and complicated for banks to develop digital financial services for new markets, as well as make them interoperable so that digital money can be exchanged as freely and fluidly as cash.</p>
<p>This lack of interoperability not only prevents financial growth for the impoverished, but also slows growth for local and national economies.</p>
<p>However, a new collaboration supported by the<a href="http://www.gatesfoundation.org"> Bill &amp; Melinda Gates Foundation</a> will change that. Ripple, in partnership with<a href="https://www.dwolla.com/"> Dwolla</a>,<a href="http://www.modusbox.com/"> ModusBox</a>,<a href="http://www.softwaregroup-bg.com/"> Software Group</a> and <a href="http://www.crosslaketech.com/">Crosslake Technologies</a>, with funding and support from the Gates Foundation, developed a new open-source software called Mojaloop for creating a real-time, interoperable payments platform on a national scale to reach the world’s poor with essential financial tools.</p>
<p><strong>A New Interoperable System to Bring the Poor into the Global Economy</strong></p>
<p>Leveraging the power of the <a href="https://medium.com/@justmoon/the-subtle-tyranny-of-blockchain-91d98b8a3a65">Interledger Protocol (ILP)</a>, Mojaloop offers a way for financial providers, governments and mobile network operators to simplify and reduce the cost of developing inclusive payments platforms.</p>
<p>Mojaloop can be used to connect customers, merchants, banks, providers and government offices across a country’s economy — accelerating progress toward a truly inclusive economy.</p>
<p>The new software is a boon for the 90 percent of the world’s poor that don’t have bank accounts and are covered by different mobile signals.</p>
<p>This revolutionary technology can be used to provide a bridge between mobile networks and financial providers in order to expand access to financial services — helping to create an <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>.</p>
<p>Ripple’s Chief Technology Officer Stefan Thomas said, “Enabling the poor to make payments to anyone, anywhere, using a mobile wallet has implications beyond increased access to their domestic economies. It has the potential to bring millions into the fold of the global digital economy. We are honored to have been a part of this project.”</p>
<p>Kosta Peric, deputy director, Financial Services for the Poor, at the Bill &amp; Melinda Gates Foundation, added, “We believe that everyone benefits from an economy that includes everyone. This software can help empower billions of new customers and drive massive economic growth in developing markets.”</p>
<p>“The open-source code we have created thanks to the contribution of Ripple, as well as Dwolla, ModusBox, Software Group and Crosslake Technologies, will give billions of people the opportunity to make and receive payments using their mobile wallets. It is our hope that they will be able to buy and sell goods and services in a way that is safe, transparent, affordable and instant,” Peric concluded.</p>
<p><strong>Where Can Mobile Networks Access Mojaloop?</strong></p>
<p>Mojaloop is free of charge and available to developers to use via <a href="https://github.com/LevelOneProject/leveloneproject">GitHub</a>. Ripple and the Gates Foundation encourage anyone who’s interested in Mojaloop to explore the software, use it to build or adapt products and services, or offer updates to the software.</p>
<p>To learn more about the project, please visit: <a href="https://leveloneproject.org/">https://leveloneproject.org/</a>.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/">Ripple &#038; the Gates Foundation Team Up to Level the Economic Playing Field for the Poor</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>A Rising Tide of Anticipation Builds for Swell</title>
		<link>https://ripple.com/insights/rising-tide-of-anticipation-builds-for-swell/</link>
		<pubDate>Sun, 15 Oct 2017 17:44:46 +0000</pubDate>
		<dc:creator><![CDATA[Kelly Johnson]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15259</guid>
		<description><![CDATA[<p>The team at Ripple couldn’t be more excited for Swell — a high-impact blockchain program that brings leaders in banking and blockchain technology together in a three-day confab. On the first day of the program, Dr. Ben Bernanke, Former Chairman of the Fed (2006 &#8211; 2014), will be our first keynote speaker and will offer &#8230; <a href="https://ripple.com/insights/rising-tide-of-anticipation-builds-for-swell/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/rising-tide-of-anticipation-builds-for-swell/">A Rising Tide of Anticipation Builds for Swell</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/08/SwellHeaders-09.png"><img class="aligncenter wp-image-14973" src="https://cdn.ripple.com/wp-content/uploads/2017/08/SwellHeaders-09-1024x640.png" alt="Swell by Rippe" width="1000" height="625" srcset="https://cdn.ripple.com/wp-content/uploads/2017/08/SwellHeaders-09-1024x640.png 1024w, https://cdn.ripple.com/wp-content/uploads/2017/08/SwellHeaders-09-300x188.png 300w, https://cdn.ripple.com/wp-content/uploads/2017/08/SwellHeaders-09-768x480.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></a></p>
<p>The team at Ripple couldn’t be more excited for <a href="http://swell.ripple.com">Swell</a> — a high-impact blockchain program that brings leaders in banking and blockchain technology together in a three-day confab.</p>
<p>On the first day of the program, Dr. Ben Bernanke, Former Chairman of the Fed (2006 &#8211; 2014), will be our first keynote speaker and will offer his thoughts on the state of blockchain.</p>
<p>Additionally, Sir Tim Berners-Lee, Inventor of the World Wide Web, will deliver a keynote speech about what’s next for the web on day two.</p>
<p>On day three, Don Tapscott, renowned co-author of the “Blockchain Revolution,” will uncover a set of solutions that will transform the financial industry for the better in his keynote speech.</p>
<p><strong>Swell Won’t Shy Away from Hard Topics</strong></p>
<p>Swell will also have a few sessions — one in particular called the “Future of Blockchain” where Ripple, Ethereum, Chain and Hyperledger will take the stage — to not only discuss the future of this technology but also potentially debate divergent ideologies on digital assets.</p>
<p>The other sessions will also focus on hot-button topics such as the role digital assets play in global payments, why some banks lag behind others regarding innovation, and what other financial institutions have learned from using enterprise-level blockchain solutions.</p>
<p><strong>Don’t Miss the Livestreams and Recaps</strong></p>
<p>Tune into Ripple Insights daily to catch the livestreams of each session. We’ll also live tweet from the program, as well as provide daily recaps so that you don’t miss a thing from Swell.</p>
<p>Check out the agenda at <a href="http://swell.ripple.com/agenda">Swell.ripple.com</a>!</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/rising-tide-of-anticipation-builds-for-swell/">A Rising Tide of Anticipation Builds for Swell</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Rolls Out $300M RippleNet Accelerator Program to Grow Volume and XRP Utility</title>
		<link>https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/</link>
		<pubDate>Fri, 13 Oct 2017 13:00:58 +0000</pubDate>
		<dc:creator><![CDATA[Sarah Marquer]]></dc:creator>
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		<category><![CDATA[News]]></category>
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		<guid isPermaLink="false">https://ripple.com/?p=15247</guid>
		<description><![CDATA[<p>Starting today, Ripple will offer a unique reward for financial institutions that are the first in their markets to process and promote commercial payments on RippleNet. The reward will come in the form of rebates through the new RippleNet Accelerator Program. Building on growing network effects, the RippleNet Accelerator Program is funded by $300 million &#8230; <a href="https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/">Ripple Rolls Out $300M RippleNet Accelerator Program to Grow Volume and XRP Utility</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><a href="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_523757221.jpg"><img class="wp-image-15249 aligncenter" src="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_523757221-1024x683.jpg" alt="" width="1007" height="671" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_523757221-1024x683.jpg 1024w, https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_523757221-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_523757221-768x512.jpg 768w" sizes="(max-width: 1007px) 100vw, 1007px" /></a></p>
<p class="p1"><span class="s1">Starting today, Ripple will offer a unique reward for financial institutions that are the first in their markets to process and promote commercial payments on RippleNet. The reward will come in the form of rebates through the new RippleNet Accelerator Program.</span></p>
<p class="p1"><span class="s1">Building on <a href="https://ripple.com/ripple_press/ripples-blockchain-network-now-100-strong/"><span class="s2">growing network effects</span></a>, the RippleNet Accelerator Program is funded by $300 million of XRP from Ripple’s XRP holdings. The program consists of a Volume Rebate and an Adoption Marketing Incentive.</span></p>
<p class="p1"><span class="s1"><b>Volume Rebate of XRP </b></span></p>
<p class="p1"><span class="s1">The Volume Rebate provides license and integration-fee rebates to RippleNet members once they’ve reached integration and volume milestones by certain deadlines. Depending on the volume processed, these rebates can cover anywhere between 50 to 300 percent of the integration fees and first year’s license fees. </span></p>
<p class="p1"><span class="s1">This rebate — available in XRP or USD — is designed to accelerate adoption and usage of Ripple solutions. Selling restrictions will apply to customers that elect to receive their rebate in XRP to support healthy XRP markets.</span></p>
<p class="p1"><span class="s1"><b>Adoption Marketing Incentive </b></span></p>
<p class="p1"><span class="s1">The Adoption Marketing Incentive will match eligible customers’ marketing spend when they promote Ripple-powered products and services to their end-customers. Ripple will support participating customers’ marketing efforts with tailored marketing content, messaging frameworks and tools, further reducing their marketing costs. </span></p>
<p class="p1"><span class="s1">This incentive is available on a limited, first-come, first-served basis to financial institutions globally and can be earned through XRP or USD. Selling restrictions will apply to customers that elect to receive their rebate in XRP to support healthy XRP markets.</span></p>
<p class="p1"><span class="s1">Monica Long, VP of Marketing at Ripple, said: “We’re borrowing a page from the likes of PayPal (with their early days adoption and referral bonuses), implementing incentives to accelerate network effects on RippleNet. Since we’re offering the incentives in XRP, we anticipate seeing an added benefit of building an easy on-ramp for institutions to use XRP in their payment flows to lower liquidity cost in the future. Early reception of these XRP incentives in a test phase has been very positive.”</span></p>
<p class="p1"><span class="s1">Built for enterprise use, XRP offers banks and payment providers a first-ever on-demand liquidity option for cross-border payments. It is the fastest, most scalable digital asset enabling real-time global payments. XRP —  currently the third-largest digital asset by market capitalization —  can eliminate the need for multiple pre-funded nostro accounts, expand a financial institution’s reach into new markets, lower FX costs, and improve settlement speed to just a few seconds. </span></p>
<p class="p1"><span class="s1">If you’re a financial institution and would like to participate in the RippleNet Accelerator Program, please contact us at ripple.com/contact.</span></p>
<p class="p1"><span class="s1">For more information about XRP, please visit <a href="http://ripple.com/xrp">ripple.com/xrp</a> and stay tuned for the Q3 2017 XRP Markets Report.</span></p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/">Ripple Rolls Out $300M RippleNet Accelerator Program to Grow Volume and XRP Utility</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>RippleNet Grows to More Than 100 Financial Institutions</title>
		<link>https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/</link>
		<pubDate>Tue, 10 Oct 2017 13:26:31 +0000</pubDate>
		<dc:creator><![CDATA[Kelly Johnson]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15172</guid>
		<description><![CDATA[<p>Now more than 100 financial institutions use the power of Ripple’s blockchain technology for global payments.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">RippleNet Grows to More Than 100 Financial Institutions</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-15200" src="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_618348578.jpg" alt="" width="1000" height="563" srcset="https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_618348578.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_618348578-300x169.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/10/shutterstock_618348578-768x432.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<h6><strong>Image: Shutterstock</strong></h6>
<p>Ripple is having an incredible year. The buzz around blockchain and digital assets has led many financial institutions and payments providers to scrutinize the market and separate the wheat from the chaff. And in many cases, it’s clear that Ripple’s enterprise blockchain network — RippleNet — is the definitive choice to usher global payments into the modern era.</p>
<p>In fact, we’re pleased to <a href="https://ripple.com/ripple_press/ripples-blockchain-network-now-100-strong/">announce</a> that <a href="http://www.bexs.com.br/">Bexs Banco</a>, <a href="https://www.airwallex.com/en-AU/">AirWallex</a>, <a href="https://www.credit-agricole.com/en/">Credit Agricole</a>, <a href="http://www.cuallix.com/">Cuallix</a>, <a href="https://www.currenciesdirect.com/en">Currencies Direct</a>, <a href="https://dlocal.com/">dLocal</a>, <a href="https://www.internationalfx.com/ae/corporate">IFX</a>, <a href="https://www.krungsri.com/bank/en/home.html">Krungsri</a>, <a href="https://rakbank.ae/wps/portal/retail-banking?WT.svl=1&amp;WT.ac=Retail">RAKBANK</a>, and <a href="https://www.transfergo.com/en">TransferGo</a>, among others, joined RippleNet.</p>
<p>The newest members can count themselves among SBI Remit, SEB and Siam Commercial who also use RippleNet to send cross-border payments.</p>
<p>Now, more than 100 financial institutions — across banks, payments providers and more — use the power of Ripple’s blockchain technology to provide a global payments experience that delivers instant, certain, low-cost global payments to their customers.</p>
<p><strong>Powering Instant Payments to Some of the Largest Remittance Corridors</strong></p>
<p>Using RippleNet has afforded these members the opportunity to expand into growing remittance markets.</p>
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<div class="quote">“Using RippleNet to power our real-time payments has been a boon for us and our customers’ ability to send cross-border payments.” <span class="id">Daumantas Dvilinskas, CEO and Co-Founder, TransferGo</span></div>
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<div class="quote">“We’re committed to providing our customers with simple and effective payment solutions. Harnessing Ripple’s innovative technology enables us to expand our global network and be a leader in the growing Indian payments market.” <span class="id">Brian Harris, Chief Product Officer at Currencies Direct</span></div>
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<div class="quote">“Joining RippleNet allows us to connect to other member banks, extending our remittance footprint. This will help us scale our business and provide customers a first-class digital payments experience.” <span class="id">Peter England, CEO at RAKBANK</span></div>
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<div class="quote">“As one of the top 10 FX houses in Brazil, it is vital for us to use RippleNet to quickly and seamlessly connect our banks to other member banks in Asia and Europe — giving us the ability to send fast, low-cost payments.” <span class="id">Luiz Henrique Didier, Chairman at Bexs Banco</span></div>
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<p><strong>First Financial Institution Uses XRP to Solve the Liquidity Problem</strong></p>
<p>In a precedent-setting moment, Cuallix became the first worldwide institution to use xRapid —  Ripple’s solution that utilizes XRP as a liquidity tool — to reduce the cost of sending cross-border payments from the U.S. to Mexico.</p>
<p>Cuallix moved to the forefront of digital payments by using digital assets to remove the inefficiencies and red tape associated with processing and sourcing liquidity.</p>
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<div class="quote">“Our business — and our customer’s livelihood — depends on our ability to send micro-payments easily and quickly to Mexico. With xRapid, we can source liquidity through XRP and complete the cross-border payments in seconds.” <span class="id">Cuallix</span></div>
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<p><strong>Commercial Payments Get Easier with RippleNet</strong></p>
<p>RippleNet allows for members to easily connect with other network-enabled banks to widen their footprint in other countries, as well as quickly send commercial payments. See what RippleNet members have to say about using the network to streamline global settlements.</p>
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<div class="quote">“Ripple&#8217;s solution allows our customers to send real-time transfers between their SEB accounts in Sweden and New York. We plan to expand the solution to all geographies and time zones in which we operate.” <span class="id">Paula da Silva, Head of Transaction Services at SEB</span></div>
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<p>For more information about joining RippleNet, please <a href="https://ripple.com/contact/">contact</a> us. The Ripple team will also be available to meet at <a href="https://swell.ripple.com/">Swell</a> — the first-ever blockchain program for financial institutions — in Toronto next week. Please request an invite to schedule a meeting.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/">RippleNet Grows to More Than 100 Financial Institutions</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>10 Things You Need to Know About XRP</title>
		<link>https://ripple.com/insights/10-things-need-know-xrp/</link>
		<pubDate>Fri, 06 Oct 2017 21:03:41 +0000</pubDate>
		<dc:creator><![CDATA[Shanna Leonard]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[XRP]]></category>

		<guid isPermaLink="false">http://ripple.com/?p=14676</guid>
		<description><![CDATA[<p>Like all digital assets, XRP is often a source of confusion, mystery and speculation. So, let’s clear the picture with 9 things you need to know about XRP.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/10-things-need-know-xrp/">10 Things You Need to Know About XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-14680" src="https://cdn.ripple.com/wp-content/uploads/2017/07/Bridge.jpg" alt="" width="1000" height="667" srcset="https://cdn.ripple.com/wp-content/uploads/2017/07/Bridge.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2017/07/Bridge-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/07/Bridge-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<h6><strong>XRP acts as a bridge between fiat currencies. Image: Shutterstock</strong></h6>
<p>Of all the digital assets on the market, XRP is the one that continues to turn heads. The digital asset&#8217;s value surged from $0.006 in January 2017 to $3.60 by the beginning of January 2018 — an increase of more than 59,000 percent. Through its holdings of XRP, Ripple is now one of the most valuable startups in the U.S., after Uber, Airbnb, Palantir and WeWork.</p>
<p>Yet, like all digital assets, XRP is often a source of confusion, mystery and speculation. So, let’s clear the picture with 10 things you need to know about XRP.</p>
<p><strong>1.   XRP is the only digital asset specifically designed for financial institutions and payment providers</strong></p>
<p>A lot of digital assets lack a clear purpose. They may be used to store value, purchase commodities or for consumer transactions, but were not created with a single explicit application in mind. By contrast, XRP is specifically about the transfer of value and built for enterprises, making it one of the few digital assets with a real, clear use case behind it.</p>
<p><strong>2.  XRP is the most scalable digital asset</strong></p>
<p>XRP is the fastest, most scalable digital asset. Its five-year track record of reliable technology and governance makes it ready for institutional and enterprise use. Since its inception, all ledgers have closed without issue. In addition, the XRP ledger handles 1,500 transactions per second, 24&#215;7, and can scale to handle the same throughput as Visa.</p>
<p>While other digital assets have struggled to establish a strong use case, XRP is the best digital asset for payments — ultimately enabling the <a href="https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/">Internet of Value</a>.</p>
<p><strong>3.   It acts as a bridge between fiat currencies</strong></p>
<p>Some digital assets, like Bitcoin, aim to replace existing government-backed currencies. XRP works with fiat currencies on more than 10 digital exchanges to help transfer value across borders quickly and efficiently. For example, a Mexican company who wants to pay a supplier in Korea today would either need to pre-fund an account in Korea or go through a foreign exchange provider like a bank. Both options are expensive and slow. With XRP, the company’s Mexican bank or local payment provider allows the company to make the payment instantly and on demand. With no account pre-funding or foreign exchange fees, XRP makes for a faster, cheaper settlement.</p>
<p><strong>4.  XRP enables faster, cheaper and more reliable cross-border payments</strong></p>
<p>XRP offers banks and payment providers a reliable, on-demand source of liquidity for cross-border payments. Today, it takes about three to five days to send money from one country to another through a bank, which usually involves high fees, the risk of the payment being delayed (or never going through altogether). Alternatively, businesses can pre-fund nostro accounts in the recipient’s country, which ties up capital. XRP is part of a solution that fixes all these shortcomings, <a href="https://ripple.com/xrp/">with an average settlement time of 4 seconds</a>, at a fraction of the cost. By allowing financial institutions to source liquidity on demand, in real time, without having to pay foreign transaction fees or pre-fund nostro accounts, XRP will help them to expand into new markets, lower foreign exchange costs and provide faster payment settlement for its customers.</p>
<p><strong>5.  It&#8217;s part of an overall network solution for faster cross-border payments</strong></p>
<p>Ripple is committed to solving the issues with cross-border payments and create an Internet of Value where we move money as efficiently as we exchange information. Our solution involves creating a common standard for payments and using XRP as the digital asset that will bring together currently disconnected ledgers and blockchains.</p>
<p><strong>6.  XRP scales faster than Bitcoin</strong></p>
<p>Bitcoin can process up to seven transactions per second, any of which can take more than two hours to clear. Compare that with a traditional payments service like Visa that averages 2,000 transactions per second and you can see that Bitcoin does not have the scalability to meet typical customer demands.</p>
<p><strong>7.  It&#8217;s secure</strong></p>
<p>The XRP Ledger is where XRP transactions occur and are recorded. It is an open-source code base that is supported by a community of trusted validators and a team of full-time engineers that actively develop and maintain the ledger. Since day one, we’ve made the XRP Ledger more resilient and resistant to a single point of failure by decentralizing it,<a href="https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/"> a process that continues today</a>.</p>
<p><strong>8.  XRP is more sustainable than mined digital assets, like Bitcoin</strong></p>
<p>Bitcoin is a mined digital asset, meaning that new coins are constantly created by huge datacenters processing complex math problems, or “proof of work.” This inefficient system demands massive amounts of electricity – the cost of producing one coin could <a href="https://blockgeeks.com/bitcoins-energy-consumption/">power 3.67 U.S. homes for a day</a> – and has been called “unsustainable.” XRP is not a mined digital asset so every single unit of the currency that exists now has already been created, with most owned by Ripple (<a href="https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/">55 billion of which was placed in escrow</a>) and the rest held by companies and individuals.</p>
<p><strong>9.  XRP is the future</strong></p>
<p>It’s a question of WHEN, not IF, banks and other financial institutions begin using digital assets in their day-to-day business operations and it will be interesting to see who the winners and losers in the digital asset space will be. We&#8217;re confident that XRP will succeed because it has a purpose – enabling financial institutions to send money across borders quickly, cheaply, and easily – that is relevant to businesses and consumers everywhere.</p>
<p><strong>10. It’s easy to buy</strong></p>
<p>There are different ways to buy XRP depending on who you are. If you’re a financial institution, it’s best to contact Ripple directly. If you’re an individual investor, you’ve got <a href="https://ripple.com/xrp/buy-xrp/">many ways to buy</a> – you can visit any one of the digital exchanges that lists XRP and do it that way.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/10-things-need-know-xrp/">10 Things You Need to Know About XRP</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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		<title>Ripple Supports Singapore&#8217;s Fintech Hub Aspirations With New Office</title>
		<link>https://ripple.com/insights/ripple-supports-singapores-fintech-hub-aspirations-with-new-office/</link>
		<pubDate>Tue, 26 Sep 2017 00:33:51 +0000</pubDate>
		<dc:creator><![CDATA[Sarah Marquer]]></dc:creator>
				<category><![CDATA[Insights]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">https://ripple.com/?p=15121</guid>
		<description><![CDATA[<p>Ripple is excited to announce we have opened a new office in Singapore.</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-supports-singapores-fintech-hub-aspirations-with-new-office/">Ripple Supports Singapore&#8217;s Fintech Hub Aspirations With New Office</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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				<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-15126" src="https://cdn.ripple.com/wp-content/uploads/2017/09/shutterstock_669671593.jpg" alt="" width="1000" height="667" srcset="https://cdn.ripple.com/wp-content/uploads/2017/09/shutterstock_669671593.jpg 1000w, https://cdn.ripple.com/wp-content/uploads/2017/09/shutterstock_669671593-300x200.jpg 300w, https://cdn.ripple.com/wp-content/uploads/2017/09/shutterstock_669671593-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<h6><strong>Image: Shutterstock</strong></h6>
<p>Singapore has <a href="http://www.pmo.gov.sg/national-day-message-2017">publicly stated ambitions</a> to be the world’s leading fintech and innovation hub. It is also one of the biggest and busiest global trade centers with many large, multinational companies basing their regional treasury offices in the country. For these reasons, and to support our rapidly-growing customer base across Asia-Pacific markets &#8211; including Standard Chartered, <a href="https://www.sc.com/en/news-and-media/news/global/2016-09-15-standard-chartered-completes-strategic-investment-in-ripple.html">a Ripple investor</a>, member of the <a href="https://ripple.com/ripplenet-advisory-board/">RippleNet Advisory Board</a>, and early adopter of blockchain technology to power payments &#8211; we are excited to announce we have opened a new office in Singapore.</p>
<p>The <a href="http://reports.weforum.org/global-competitiveness-index/economy-highlights-singapore/">World Economic Forum</a> rates Singapore as <a href="https://www.weforum.org/reports/the-global-enabling-trade-report-2016">the world’s most open and trade-friendly economy</a>, with competitive institutions, policies, infrastructure and services to encourage the free flow of products and services. Impressively, Singapore’s trade stands at 2.7 times its GDP; it is on track to become the biggest commodity trading hub worldwide; and it is the leading trading hub for Asian currencies in the banking industry.</p>
<p>Singapore’s trade flows &#8211; worth about $550 billion annually<sup>1</sup> and projected to grow significantly &#8211; coupled with its aspirations to become the leading fintech center, are set to drive the demand for more efficient payments. We are already seeing huge demand for our enterprise blockchain payments solution from <a href="https://ripple.com/insights/several-global-banks-join-ripples-growing-network/">local</a> banks, as well as payment providers and corporates <a href="https://ripple.com/insights/sbi-ripple-asia-partners-dayli-financial-group-bring-ripple-south-korea/">across the region more broadly.</a></p>
<p>Dilip Rao, managing director for Ripple APAC, said, “Singapore is leading the charge when it comes to streamlining money exchange, remittance and payments systems. In fact, one of the key themes raised during the Prime Minister’s recent National Day Rally was the importance of digitizing payments in the country’s aim to become a <a href="https://www.smartnation.sg/">Smart Nation</a>.</p>
<p>“Our new office can support this ambition and equally brings us closer to our customer base across the Asia-Pacific region, enabling banks, payment providers and corporates to make instant payments into-and-out of the country using blockchain. As a leading trade and fintech hub, Singapore offers Ripple leverage in the region as we expand our global footprint.”</p>
<p>To learn more about professional opportunities available in Ripple’s new Singapore office, please visit our <a href="https://ripple.com/company/careers/all-jobs/">careers page</a>, and stay tuned for more information about CEO Brad Garlinghouse’s upcoming keynote at the Singapore <a href="http://www.fintechfestival.sg/speakers/brad-garlinghouse/">FinTech Festival in November</a>.</p>
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<p><sup>1</sup> Figures for 2015</p>
<p>The post <a rel="nofollow" href="https://ripple.com/insights/ripple-supports-singapores-fintech-hub-aspirations-with-new-office/">Ripple Supports Singapore&#8217;s Fintech Hub Aspirations With New Office</a> appeared first on <a rel="nofollow" href="https://ripple.com">Ripple</a>.</p>
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