Ripple news
- Ripple seems to be preparing for the development of a new loans product, judging from a recent job offering.
- Not much is known about the product so far, although if Ripple does intend to launch one.
- The company is in a position to transform the working capital loans sector due to its connections.
Features & analysis
Latest Ripple news
The year 2020 definitely did not bring the best financial situation for anyone, including cryptos. The price crash in mid-March damaged countless projects, that are still recovering today. But even before that, some crypto projects struggled more than usual. XRP sales 87% lower than in late 2019 Ripple, for example, saw a massive drop in sales in the first quarter of this year. The drop sits at 87% according to the company’s recent announce...
Ripple, the company behind the third-largest cryptocurrency, XRP, is no stranger to lawsuits and accusations of being a scam. The firm, as well as its officials, were sued numerous times, even by their coin’s own users. Ripple executive finds his YouTube account suspended However, a few days ago, it was the company’s time to file a lawsuit and to target none other than YouTube. According to Ripple, the world’s largest video stre...
FXcoin, a popular cryptocurrency exchange from Tokyo, is preparing to launch a new program. The new initiative revolves around a remittance pilot that would use XRP. A new remittance pilot coming to Japan The exchange, which is fully regulated, already received permission from the Financial Services Agency (FSA). The country’s financial watchdog originally allowed it to offer trading services in December 2019. Now, only a few months later,...
Everyone knows that scams are still extremely common in the crypto industry. However, most people do not know just how common they actually are. To put this into perspective, a community site that combats fraud revealed how much XRP ended up lost to hackers.Nearly 9 million coins lost in less than two yearsThe site, which is still in beta, revealed yesterday on Twitter that XRP holders have sent over six million in 2019 alone. So far, only four m...
Ripple Labs achieved massive success when it comes to connecting and partnering up with banks around the world. However, its token did not see similar success. In fact, XRP remains the worst performer among the top 25 largest cryptocurrencies.Ripple’s XRP continues to struggleXRP’s 2019 was not particularly successful, and so far, it doesn’t seem like anything will change in 2020 either. With the end of the first quarter of the...
Azimo, a digital money transfer service, recently revealed a new partnership with Siam Commercial Bank (SCB). This is the oldest bank in Thailand, and the two decided to partner up to deliver cross-border payments service to the country. The two plan to do this by using Ripple’s global payments network, RippleNet, which uses XRP. The new partnership will solve remittance issues in Thailand Ripple announced the new solution came only days ag...
XRP liquidity has always been quite high, but it recently broke all previous records. A recent report from Liquidity Index Bot on Twitter reported a new all-time high (ATH). At the same time, owners of multiple anonymous wallets filled with XRP coins mover massive amounts. Liquidity Index for Bitso XRP/MXN (28-day moving trend)Day progress: 29%Today so far: 22,484,136All Time High: 22,466,988Data: https://t.co/v07j0Xh3s1 pic.twitter.com/0yT0syy4X...
Chris Larsen, Ripple’s co-founder and executive chairman has recovered from COVID-19 fully. He unveiled this positive news through a tweet on April 2, thanking the people that are working on the frontline to combat the virus. He also called upon other recovered patients to donate blood that doctors can use in antibody transplants. Larsen had not disclosed that he had been diagnosed with COVID-19. As such, this news came as a surprise to the...
Since the start of the second quarter of this year, the situation in the crypto space saw major changes. While numerous coins began to surge, some did not perform nearly as well as others. In the last 24 hours alone, FTX token, for example, demonstrated a strong positive trend. It easily joined the new bull run, while the likes of Enjin coin and XRP noted only a small hike before turning around and dropping again. XRP, as the third-largest crypto...
Remittance company International Money Express (Intermex) recently partnered with a crypto startup Ripple, the firm behind the world’s third-largest cryptocurrency, XRP. However, despite this partnership, Intermex revealed that it has no plans to use Ripple’s technology for its “core” markets, listing Mexico as one of them. The company’s president and CEO, Robert Lisy, said as much in the last earnings call, noting t...
Thailand-based DeeMoney has become the country’s first non-bank fintech company to start using Ripple’s RippleNet blockchain technology. The partnership between the firms will allow DeeMoney to facilitate instant international transfers to over 300 financial institutions around the world. Thanks to RippleNet, the platform will have the ability to process payments between Thailand and multiple remittance corridors in the area, includin...
Brad Garlinghouse, the CEO of a crypto startup Ripple, recently criticized Bitcoin and Ethereum, claiming that they waste too much energy on mining. His statement came as a response to a study published by Alex de Vries, PWC’s blockchain expert who calculated that BTC mining consumes more energy than Chile.The growth in consumption comes alongside the growth in hashrate, but even so, it represents quite a shocking discovery. Not only that,...
Ripple is a blockchain-based financial services network that offers a convenient, safe, and user-friendly wallet for XRP cryptocurrency holders. However, the company announced that it plans to expand the features it offers on the XRP platform.Ripple says it’s going to include stablecoins to its XRP ledger. Since its establishment in 2012, RippleNet has seen some significant developments. The users of Ripple’s system have been enjoying...
A cryptocurrency startup Ripple — the company that created the third-largest cryptocurrency, XRP — has just released 500 million units of XRP from its escrow account. According to current prices, that translates to around $115 million worth of XRP.At the moment, traders are making preparations for the consequences, which may lead to another 500 million XRP-large withdrawal. As many may know, releasing new coins into circulation is not...
MoneyGram, a major money transfer service, became one of the largest partners of a crypto startup, Ripple. The company has since gained a lot of attention due to its partnership with the crypto firm, and its use of Ripple’s international payment products.According to a recent report on MoneyGram’s financial results involving the last year, as well as Q4 2019, there was a receipt of a total of $11.3 million in the last quarter of the y...
Fraud remains as strong as ever in the crypto space, as fraudsters continue to work tirelessly towards tricking people out of their money. Of course, such efforts are very much present outside of the crypto space, as well. However, since it is unregulated, the crypto industry was in need of a way of reporting fraud. While reporting it across the crypto space still requires a solution, there is at least a better way of reporting XRP-related incide...
Brad Garlinghouse, the CEO of a crypto startup Ripple, recently made a surprising announcement during the Davos World Economic Forum summit. According to him, Ripple will hold an Initial Public Offering (IPO) later this year.Of course, as many likely know Ripple is far from being the first crypto-related business to announce an IPO. However, even though IPOs historically did not work out for crypto firms, chances are that Ripple might be able to...