Ripple News

North Africa’s largest bank, National Bank of Egypt, joins RippleNet via LuLu International Exchange to process cross-border payments from the UAE to Egypt.

In this first Ripple Drop for 2021, we explore the power of RippleNet to transform businesses, how RippleX is contributing to the XRPL community and the latest on U.S. crypto regulations.   Digital Acceleration in Pandemic Drives RippleNet Growth Asheesh Birla, General Manager of RippleNet, stopped by to provide an update on the global growth of … Continued

Ripple has agreed to acquire 40% of Asia’s leading cross-border payments specialist Tranglo. This partnership enables Ripple to meet growing customer demand in the region and expand the reach of RippleNet’s On-Demand Liquidity (ODL) service — which uses the digital asset XRP to instantly send money and reduce working capital needs.  As a pioneer for … Continued

Ripple is thrilled to welcome Brooks Entwistle as Managing Director of Southeast Asia to lead and scale the company’s operations in our fastest growing region.  Brooks joins at an exciting time for RippleNet, which now includes Singapore-based remittance company BKK Forex, adding to Ripple’s fast growing customer base in the region like—Siam Commercial Bank, iRemit, … Continued

Here’s the note I sent to Ripple employees today regarding Ripple’s preliminary legal response to the SEC’s complaint. Hi Ripple team, Since the SEC filed its complaint at the end of December, its side of the story has been the only one shared publicly. Our initial response was finally filed today. The “Answer” is a … Continued

Today, we’re thrilled to announce our partnership with Mobile Money, a Malaysian mobile wallet company. Through RippleNet, Ripple’s global payments network, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS) which serves over 45 million users. The partnership will power seamless wallet-to-wallet payments to serve the remittance corridor between Malaysia … Continued

Today, Ripple is thrilled to announce that Sandie O’Connor is joining its Board of Directors. O’Connor has over 30 years of leadership experience with a deep background in finance, treasury, capital markets and regulatory affairs. As Ripple expands its global network and continues to push for regulatory clarity in the United States, she will provide … Continued

Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly sales updates, relevant XRP-related announcements and commentary on previous quarter market developments.  As an XRP holder, Ripple believes proactive communication and transparency are part of being a responsible … Continued

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP.  Limited access to working capital is one of the biggest barriers to growth for many companies. Unlike incumbents who have … Continued

Marketplace businesses are expanding access to new global customers and consumer access to new products—allowing sellers to grow their business faster than ever before. Yet, while these platforms meet consumer’s requirements for simple and efficient purchases, today’s slow, complex global payment processing and settlement experience is unable to shoulder the needs of businesses in this … Continued

Today’s economies are increasingly global. The advent of new technology has transformed the standardization, speed and cost of the transportation of goods and information exchange. Yet, financial services and the exchange of value remains unreliable, slow and expensive. Ripple is changing this status quo. Through our robust suite of products and services, we’re eliminating the … Continued

Today, the blockchain and digital currency industry is at an inflection point, similar to that of the internet boom of the 1990’s. Not unlike the internet’s historic impact, these technologies have the capacity to engender greater financial inclusion and economic opportunity. Will global policy makers provide thoughtful regulation that both fosters innovation and protects consumers? … Continued

Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements, such as Xpring and RippleNet partnerships, and commentary on previous quarter market developments.  As an XRP holder, Ripple believes proactive … Continued

Payments Should Be Easier Today, we can instantly send a photo, message or video to billions of people and businesses around the world from a phone, laptop—even through Alexa. Yet, simple and fast payments are still not possible. In this always-on world, where everyone carries a computer in their pocket, why is it easier to … Continued

As the financial industry adjusts to a digital-first world, cloud technology solutions are playing an increasingly critical role—enabling instant connectivity between financial service providers and their customers, on a global scale. Banks and financial institutions are relying more heavily on cloud technology to meet rapidly evolving customer demands by adjusting quickly in an unpredictable and … Continued

The world is being pushed toward a new paradigm where simple, everyday tasks and functions, often taken for granted, are becoming increasingly cumbersome. This is partly due to the ongoing COVID-19 global pandemic and its role in forcing essential operations into the realm of digital. But this is a paradigm we’re already familiar with. It’s … Continued

Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements such as Xpring and RippleNet partnerships and commentary on previous quarter market developments. As an XRP holder, Ripple believes proactive … Continued

The number of Vietnamese migrant workers in Japan reached a record high in the last five years, making Vietnam the second largest sender of migrants to the region. This growth is expected to increase as Japan’s borders become more open, following the government’s 2019 deregulation of a restrictive immigration law. As the overseas workforce continues … Continued

COVID-19 is disrupting the lives of nearly everyone around the world in profound ways. From the tragic loss of lives and livelihoods to the less serious challenges of working from home and homeschooling, all are trying to navigate uncharted waters. This has led to widespread fear and uncertainty, but also a coming together of people … Continued

Digital payments are playing an increasingly critical role in enabling people to send money home to loved ones—especially in low- and middle-income countries, where the need for instant, affordable transactions are more crucial than ever. According to the World Bank, Thailand is one of the top remittance destinations globally, with $6.7 billion received from abroad … Continued

According to a 2019 report, Thailand ranks first in the world for mobile banking users. One of the reasons for this achievement is Siam Commercial Bank (SCB), which has spearheaded digital banking in the country over the past decade. SCB’s latest innovation—developed through its partnership with RippleNet—allows customers to make instant low-cost cross-border payments from … Continued

In 2014, the founders of Bitso believed that blockchain technology and digital assets could boost financial access for Latin America’s large underbanked population. A major step in achieving this vision came when the company partnered with Ripple to deliver instant and cost-effective cross-border payments for Mexican businesses and retail customers. “With help from Ripple, Bitso … Continued

For the millions of remitters in South Korea, speed and cost matters—time delay in payments can interfere with covering critical expenses like emergencies, tuition payments and unexpected bills. However, for many years, the remittance market in Korea was controlled entirely by large financial institutions—leading to high foreign transfer fees and costly delays. Rule changes introduced … Continued

Frustrated by a poor web wallet experience that led to his losing $1,000 worth of Bitcoin at a time when the currency hovered around $10, BRD Co-Founder Aaron Voisine set out to build a digital wallet that would be so safe and easy-to-use that even his grandmother could use it to tap into digital assets.  … Continued

The XRP Ledger (XRPL) was designed to provide a robust feature set for the foundation of the digital asset XRP in addition to settling payments and exchanging digital assets of all kinds. The open source community of developers supporting innovation on XRPL continue making core improvements to the technology to ensure performance, stability, security, quality, … Continued

Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements such as Xpring and RippleNet partnerships and commentary on previous quarter market developments. As an XRP holder, Ripple believes proactive … Continued