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Tag: cross-border payments

Ripple Adds Exchanges to xRapid Platform to Bolster XRP Ecosystem

Category: Altcoins, Exchange, Finance, News

Ripple Adds Exchanges to  xRapid Platform to Bolster XRP Ecosystem

On August 16, 2018, San Francisco-based blockchain startup Ripple announced the addition of three crypto exchanges as preferred partners to its flagship cross-border payments product xRapid. Ripple’s XRP has long been criticized as a token with zero utility; however, the new partnership with crypto exchanges is a step forward in developing a healthy XRP ecosystem. Streamlining International Fiat Transfers With…

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First Bank in Kuwait to Test Ripple Blockchain to Process Instant Global Payments

Category: Altcoins, Blockchain, Business, Finance, News, Tech

First Bank in Kuwait to Test Ripple Blockchain to Process Instant Global Payments

Kuwait Finance House (KFH), the first commercial bank in the State of Kuwait established in 1977, announced on May 26, 2018, that it has begun testing Ripple’s blockchain protocol to settle instantaneous global payments and remittances in a decentralized manner. More Partners, More Momentum The deal between KFH and Ripple carries significance in regards to the influence of Ripple throughout…

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Indian Software Exporter Infosys Develops Blockchain-Powered Trade Finance Network

Category: Blockchain, Business, Finance, News, Tech

Indian Software Exporter Infosys Develops Blockchain-Powered Trade Finance Network

India’s second-biggest software service exporter, Infosys Limited, has developed a custom blockchain-powered trade finance network in a bid to overcome fraud in the Indian banking industry. To start, seven private lenders will test the trade finance network to increase security and transparency in the finance sector. Blockchain to Combat Banking Frauds The seven Indian private lenders that have enlisted to…

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Oman-Based Banking Giant Set to Use Ripple Blockchain for Cross-Border Payments

Category: Altcoins, Blockchain, Business, Finance, News, Tech

Oman-Based Banking Giant Set to Use Ripple Blockchain for Cross-Border Payments

San Francisco-based Fintech firm, Ripple, the proud creator of the Ripple (XRP) altcoin is unrelenting in its efforts to become a formidable force in the cryptocurrency ecosystem. On May 1, 2018, an Omanis bank has joined the growing list of financial institutions using the Ripple enterprise blockchain network, RippleNet. The Ripple Effect Bank Dhofar, an Omanis financial services firm has…

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Ripple Announces Five New Partners for xVia API, But Will They Ever Really Use XRP?

Category: Altcoins, Blockchain, Business, Finance, News, Tech

Ripple Announces Five New Partners for xVia API, But Will They Ever Really Use XRP?

For Ripple, there’s no slowing down on its partnership spree. On April 26, 2018, the world’s third-largest cryptocurrency (by market cap) announced the addition of five new clients – from Europe and Asia – for its corporate payment solution, xVia. Global Collaboration According to a press release, the five companies – FairFX (U.K.), RationalFX (U.K.), Exchange4Free (U.K.), UniPAY (Georgia), and…

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Swedish Investment Firm Sidesteps Iran Sanctions with Bitcoin

Category: Bitcoin, Business, Finance, News

Swedish Investment Firm Sidesteps Iran Sanctions with Bitcoin

Brave New World Investments AB, a major Swedish investment firm which focuses on funding companies and projects in the Middle East, has decided to accept bitcoin deposits to purchase the Iranian rial to invest in publicly-listed companies on the Tehran Stock Exchange (TSE). The vision and strategy of Brave New World (BNW) is significantly different to that of most global…

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