Ripple says the new product manager will oversee how the company can assist customers with working capital loans. He will be responsible for creating the relevant structures for execution of the loan offering, as well as developing the risk capabilities to understand how to price new loan offerings. Working capital loans are usually need by…
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FTSE 100 sinks heavily after Fed chair speech, OBR figures London-listed stocks sank sharply yesterday following Federal Reserve chairman Jerome Powell’s downbeat speech in the US on Wednesday. Additionally, in the UK, the Office for Budget Responsibility reported that the cost of government interventions to aid the economy will lead to a budget deficit of…
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NIUM, a digital payments platform formerly branded as InstaReM and based in Singapore, has announced that it will be supporting Frente Corretora de Câmbio, a foreign exchange broker in Brazil, in its plans to expand its cross-border payments business. The significance of the announcement is that NIUM is also a member of RippleNet, and its…
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Brad Garlinghouse, the outspoken CEO of Ripple, has been under fire of late, and this time it has nothing to do with his calling out the S.W.I.F.T. network and its participating member banks as being archaic when it comes to cross-border payments. There is an ongoing debate with the SEC and one lawsuit over whether…
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Ripple has onboarded a new partner to its RippleNet platform - Xendpay. The company is based in the UK and provides remittance services. The new partnership allows Xendpay to join international markets such as Malaysia, Vietnam, Bangladesh, Indonesia and other. Xendpay was created in 2012 with the main purpose of transferring money in a cheap…
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