By using ODL, Travelex will deliver near instant settlement and constant access to liquidity, allowing its customers to better grow and scale their business. Travelex will support payments between Mexico and Brazil at launch, however the company revealed plans to support more corridors and use cases, including internal treasury and bulk small and medium-sized enterprises…
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Ripple has used Liquidity Hub for two years for internal liquidity management as part of its On-Demand Liquidity (ODL) product. The new product, however, will be available for its of customers around the world, as well as any financial institutions, banks, fintechs or corporates. RippleNet GM Asheesh Birla said: We understand firsthand the need for…
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International mining and digital asset trading network Apifiny has recently announced that US regulator, FINRA, has granted a broker-dealer license to its subsidiary firm, Apifiny Prime. The significant governing recognition means that Apifiny will join Gemini, Coinbase, Circle and eToro as one of the top exchanges on offer. However, it must be noted, however, that…
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With this in mind, Kitao added: We have been investing in fintech companies, and we adopt that technology in our group, and also we spread that technology across the industry. That is SBI Group’s basic strategy. Ripple CEO Brad Garlinghouse has made previous hints about the potential of a public offering from the firm, yet…
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Husam Al Kurdi who recently joined SquaredFinancial as its new Chief Executive Officer sat down with LeapRate for an interview. Having spent two decades working in the financial and banking industry, he has acquired an international reputation for developing and managing sophisticated trading companies. He has been involved with the launch and running of a…
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The lead plaintiff Bradley Sostack filed the complaint in the California Court with seven claims against Ripple and Brad Garlinghouse including unregistered offer and sale of securities and fraud claims against the defendants alleging that they made false or misleading statements regarding the virtual currency XRP. The lawsuit alleges that in a few instances the…
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Thai Bank Siam Commercial Bank, or SCB for short, is the oldest bank in Thailand. SCB has now decided to collaborate with Ripple to create a cross-border payments app. The news was announced by Ripple on January 8th. According to the announcement, the mobile app will be called SCB Easy and will run on Ripple's…
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The global Singapore-based cryptocurrency exchange Bitbox announced on 6th of January that it will delist all trading pairs that include XRP. Bitbox has not released the exact reason as to why it is delisting all XRP-based trading pairs, but one thing that markets suggest is that the growing concerns related to the Ripple currency might…
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The new year hasn't even started out yet and there are already massive whale alerts going off in the crypto space. Today, there was a Whale Alert Twitter account that detected a huge amount of XRP released by Ripple to its so-called Funding Wallet 1. The Funding Wallet 1 was created by Ripple's co-founder and…
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Ripple has recently raised $200 million in what is the company's Series C round, reports Tech Crunch. The leading investor in this funding round is Tetragon, followed by Route 66 Ventures and SBI Holdings. Ripple is now valued at around $10 billion. This is what Brad Garlinghouse, the CEO of Ripple stated: We are in…
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