Tagxrapid

Ripple, Not XRP: Spanish Banking Giant Santander Clarifies Crypto ‘Confusion’

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Ripple, XRP, Stantander

Santander Bank wrongly gave Ripple fans hope when a member of its support team tweeted the following on Friday: Hey Wes, we're doing great. We're using XRP for international payments to 18 EU countries and the USA. This is on our iPhone app called One Pay FX. ^TC — Santander UK Help (@santanderukhelp) March 23, 2019 xCurrent 4.0 to Provide “Seamless” Access to xRapid...

MasterCard, Ripple, Barclays Fund US XRP Remittance Firm in $1.7 Million Seed

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XRP, Ripple, SendFriend

Global remittance startup SendFriend has raised $1.7 million in pre-seed funding by 13 participants. The US company announced Monday that it had received support from MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, TechStars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. Other companies that joined the round at an earlier stage include Deloitte and New York Angels. Thanks to...

Ripple Price (XRP) Makes Strong Intraday Rally on xRapid Launch

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ripple price xrp xrapid launch

Ripple (XRP) rallied again for an intraday high near $0.60 as the San Francisco-based blockchain startup announced the commercial release of xRapid, its cryptocurrency-powered enterprise blockchain product. The announcement makes clear that xRapid is “commercially available and moving into production with multiple customers.” The company’s update names three business customers...

Ripple (XRP) Gains 67% to Become September’s Best Performing Coin

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When Bitcoin began crashing from its all-time highs in late 2017, it sent shockwaves across the cryptocurrency industry, helping lead the crypto economy into a spiral of depression. Ripple was among the worst-hit assets as crypto-demand plunged. The XRP value depreciated more than 90 percent against the US Dollar this year. It was not that Ripple was not making enough efforts to improve the...

Ripple Says XRP Product Will Go Live in ‘Next Month or so’

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Ripple xrp

Ripple’s long-anticipated cryptocurrency product, which aims to make XRP the asset of choice for cross-border settlements between financial institutions, is finally nearing production via an actual commercial application. Sagar Sarbhai, who heads Ripple’s regulatory relations in the Asia-Pacific and Middle East regions, told CNBC that the firm believes this product, dubbed xRapid, could launch in...

Ripple Picks Three Crypto Exchanges for International XRP Payments

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ripple

Blockchain payments and remittance startup Ripple has picked three cryptocurrency exchanges to facilitate xRapid – its cross-border payments solution for banks using the cryptocurrency XRP. In an announcement on Wednesday, Ripple named Bittrex, Bits and Coin.Ph – in the United States, Mexico and the Philippines respectively – as its “preferred’ cryptocurrency exchanges to...

‘A Game Changer’: UK FX Brokerage Pilots Ripple XRP for Money Transfers

Currencies Direct, a London-based foreign exchange (FX) brokerage, has confirmed a successful international money transfer pilot using Ripple’s xRapid platform, powered by native token XRP. In an announcement [PDF] on Tuesday, the UK brokerage revealed it conducted a number of international money transfers between organizations based in the US, Mexico and Europe in seconds, compared to...

Payments Provider Fleetcor Taps Ripple’s XRP for Cryptocurrency Pilot

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xRapid Ripple Fleetcor

Major workforce and fleet payments provider Fleetcor will utilize Ripple’s native cryptocurrency XRP in a cross-border payments trial. Fleetcor, through its recently acquired B2B international payments provider Cambridge, is the latest company client to pilot xRapid, a Ripple product which uses its native XRP cryptocurrency to enable financial institutions with real-time liquidity. With over...

Western Union Confirms XRP Integration of Ripple Blockchain Trial

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Western Union, Thunes, mobile wallet

Western Union has formally confirmed that its Ripple-based blockchain trial will include XRP integration, making the money transfer giant the largest firm to test XRP in its internal payment flows. As CCN reported, Western Union confirmed rumors about the partnership on Wednesday. Details about the trial were slim, but it seemed unlikely that XRP was involved given that most of Ripple’s partners...

Ripple Ropes in Partner for Cross-Border Payments to China

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Blockchain startup Ripple has inked a partnership with money transfer service LianLian International to process real-time cross-border payments into China. Ripple Inks Deal with LianLian International for Cross-Border Payments to China Under the terms of the deal, the Hong Kong-based LianLian will adopt xCurrent, Ripple’s enterprise blockchain product, which the San Francisco-based firm...

Ripple Adds Two New Payments Providers for xRapid XRP Pilots

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Ripple’s XRP token just became a little more valuable. The company has signed deals with IDT Corporation and MercuryFX, two international payment providers that handle hundreds of millions of transactions worldwide per year. Both companies will be using Ripple’s xRapid platform, which allows institutions to save on the cost of accessing and providing liquidity to their customers. The Real Value...