The partnership will see Ripple become MoneyGram’s key partner for cross-border settlement using its XRP token. As part of the agreement,
Distributed ledger firm Ripple has announced that 13 new financial institutions have signed up for the company’s payment network, RippleNet.
RippleNet is a network of institutional payment-providers such as banks and money services businesses that use solutions developed by Ripple to provide a frictionless experience to send money globally.
Brad Garlinghouse, CEO of blockchain startup Ripple, said that bitcoin will not be the catch-all solution people are hoping for in terms of being a global currency.
Speaking at the Money20/20 conference held this week in Amsterdam, Garlinghouse said that bitcoin will have a role in the future,
Distributed ledger startup Ripple was hit by a lawsuit alleging that the company violated state and federal securities laws by selling its XRP tokens to the general public.
The lawsuit was filed by Ryan Coffey, represented by San Diego attorney James Taylor-Copeland,
Ripple, whose XRP token is the third-largest cryptocurrency in market cap, has partnered with payments giant MoneyGram for a new cross-border payments solution using XRP.
Global payments is a growing market, particularly with mobile solutions increasingly coming on board. It is estimated that remitters sent nearly $600 billion in cross-border payments in 2016.
Ripple has appointed Ron Will as its chief financial officer and Benjamin Lawsky, the former New York superintendent of Financial Services, to its Board of Directors.
Will joins Ripple’s management team following nearly three decades as a senior financial executive and investment banker.
A Delaware judge has dismissed R3 Holdco’s billion-dollar lawsuit against Ripple Labs, the creators of Ripple XRP, the fourth-largest cryptocurrency.
New York-based blockchain startup R3 Holdco LLC filed suit last month against Ripple Labs Inc. in the Delaware Chancery Court. The complaint charged Ripple with reneging on a deal to sell R3 up to five billion XRP tokens within the next two years at a lower-than-current market price.
Ripple has 15 billion in cryptocurrency reserves and more than 100 customers, according to its CEO Brad Garlinghouse. The war chest will see the company move to acquire or partner with rivals in the sector.
Speaking to the Financial Times, Garlinghouse said the Northern California company is “well beyond”
Ripple CEO Brad Garlinghouse claims there are too many blockchain “tourists” muddying up the sector with buzzwords and vaporware.
Garlinghouse, head of the cryptocurrency that has the third-highest market cap, made the comments as part of a question and answer session on Quora.
New York-based blockchain startup R3 Holdco LLC has filed suit against Ripple Labs Inc. in the Delaware Chancery Court. The complaint charges Ripple with reneging on a deal to sell R3 up to five billion XRP tokens within the next two years at a lower-than-current market price.