The Ripple website has recently removed all mentions of its previous products, xRapid, xCurrent, as well as xVia. After years of promising value stemming from the usage of those systems, Ripple pivotes to a new approach. Ripple Unifies Products Ripple now offers a single solution, RippleNet, that unites the features of all previous Ripple products. This move potentially widens the usage of the XRP digital asset, as one form of sending funds. All banks that
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Ripple recently released its final quarterly performance for 2018 showing total XRP sales of $535.56 million for the whole of 2018. XRP sales decreased in the fourth quarter of 2018 while trading volume increased. $535 Million in Total XRP Sales for 2018 According to the report, Ripple sold a total of $535.56 million in XRP tokens for 2018 as a whole. Of this figure, $171 million or roughly a third came from institutional buyers while
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Chris Larsen has made this year’s Forbes 400 rich list as the 383rd richest person and is the first to ever make the list with a value accumulated solely from cryptocurrency. Forbes released its latest Forbes 400 list, for 2018, last week, estimating that Larsen is worth $2.1 billion. After gaining $78.5 billion in a single year, Jeff Bezos, with a total fortune of $160 million has finally beaten Bill Gates to the number one
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On Monday, October 1st Ripple announced that three financial institutions are scheduled to begin using Ripple’s xRapid product to handle international transactions. The announcement was made Monday at Ripple’s annual two-day conference, called Swell. The announcement was made by Ripple CEO Brad Garlinghouse. Major Breakthrough for Ripple XRapid will be deployed by Catalyst Corporate Federal Credit Union, Cuallix, and Mercury FX. Mercury FX and Cuallix are both payment providers, while Catalyst Corporate Federal Credit Union
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A sea of green could be observed through the entire cryptocurrency market as it gained upwards of $20 billion overnight. Ripple (XRP) is amid the forerunners of today’s rally, marking an increase of more than 45 percent for the day. Ripple to Lead the Parade At the time of writing this, XRP is the best performing digital currency out of top 20, surging over 45 percent in the last 24 hours according to CoinMarketCap. The
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Remittance network Ripple plans to launch its xRapid payment network “within the next month,” head of regulatory relations for Asia-Pacific and the Middle East Sagar Sarbhai has told mainstream media. Sarbhai: I’m ‘Confident’ About xRapid Launch Speaking to CNBC in an interview published September 17, Sarbhai said he was “confident” the company would deliver on the timeframe for xRapid, which would ostensibly see cross-border settlements between different banks using the XRP token . “[xRapid] really
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Brian Kelly, the CEO of cryptocurrency trading firm BKCM, believes that investors are missing the bigger picture when it comes to Ripple. Speaking with CNBC, Kelly outlined the potential utility for both the Ripple Ledger and XRP. Ripple’s Utility in the Payments Arena The global payments industry is incredibly massive. Advances in cross-border payments and international banking systems have increased the total addressable market — with BKCM’s Brian Kelly claiming that the size of the
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Currencies Direct Ltd — a UK-based foreign exchange broker and international payment provider — has announced the successful completion of an international payment over Ripple’s xRapid platform. The transaction used Ripple’s scalable digital asset, XRP, and represents one of the first successful trials of a cryptocurrency by a mainstream financial services organization. ‘XRP Is a Game Changer’ The successful international payment using XRP represents a positive move for the cryptocurrency market’s third-largest coin by market capitalization.
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Ripple, a real-time gross settlement system, currency exchange, and remittance network, has announced the results of its first pilot for xRapid — the company’s business solution for payment providers and financial institutions looking to expand their reaches into new markets with increased scale, speed, and cost efficiency. Promising Results In its push to modernize financial services infrastructure via high-powered blockchain-powered solutions, improve the speed and cost of cross-border payments, lower barriers to financial inclusion, and
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Bold predictions on cryptocurrency prices can always be taken with a huge pinch of salt. If it were that easy to predict the price of Bitcoin, or Ripple in this case, we would all be driving Lambos. One analyst, however, is confident that the price of Ripple’s XRP will reach $16 by the end of the year. According to reports, Samson Williams, CSO of Ireland-based fintech firm SeedUps, predicts XRP will go to $16 by
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San Francisco-based Ripple has not had the best of starts to 2018. Its cryptocurrency, XRP, has been on a downward slide since the first week of January and has lost almost 70% of its value. However, things could be about to turn around for the company as Western Union is now test driving its transfer technology. The list of banks and financial institutions that are using and testing Ripple’s products is growing by the week.
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