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Ripple is to acquire a 40% stake in Asian cross-border payments specialist Trianglo. 
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Ripple is piloting a private version of its public, open-source XRP Ledger for central bank-backed digital currency issuance.
Vineet Anand's insight:
XRP private ledger being touted as CBDC issuing and exchange with other currencies.
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MoneyGram has suspended trading on Ripple's platform over concerns about the latter's litigation with the Securities and Exchange Commission.
Vineet Anand's insight:
MG will pause usage and receiving net benefit for its on-demand liquidity service using XRP
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UAE-based National Bank of Fujairah is to provide customers with real-time cross-border funds transfers via the RippleNet network.
Vineet Anand's insight:
RippleNet enables NBF RT cross-border funds transfer to India corridor!
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Financial services group SBI Holdings is setting up a joint venture with R3 to push the distributed ledger technology specialist's Corda platform i
Vineet Anand's insight:
JV between R3 and SBI Holdings for Cordis platform!Â
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Ripple is to work with financial institutions in South Korea to enable blockchain-based cross-border payments transfers with Japanese banks.
Vineet Anand's insight:
Ripple enables cross-border payments between Japanese banks and South Korea. South Korea trade flows are $960 billion every year, great market for Ripple to tap into.
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Ripple's efforts to build an active ecosystem around its XRP digital asset has been boosted by a deal with virtual currency processor BitGo.
Vineet Anand's insight:
XRP expands adoption with Bingo linkage
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The National Bank of Abu Dhabi (NBAD) has become the first bank in the Middle East to use the Ripple protocol for cross-border payment transactions
Vineet Anand's insight:
Ripple lands NBAD as 1st bank in the Middle East for cross-border payments. UAE is the 4th top sending current market in the world with $19 billion remitted p.a.
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From
finovate
Is the new multi-sign feature on the Ripple Consensus Ledger (RCL) the answer to preventing security breaches like the cyber-heist that cost the Bangladesh Bank more than $100 million? That’s how Ripple sees it. Pointing to the problem of “outdated single signature methods” of legacy payment networks, Ripple has introduced new multi-sign functionality for its RCL. Combined with the Rea
Vineet Anand's insight:
Multi-sig added to consensus ledger by Ripple takes on established incumbents like SWIFT that have been exposed with recent breaches.
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In what it claims is a UK bank first, Santander has begun piloting an app that uses blockchain technology from Ripple for international payments.
Vineet Anand's insight:
Santander, UK uses Ripple technology to power an app to make payments from Pounds to Euro and US. Apple Pay being used to confirm payments!
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Finextra: Microsoft is working with Ripple to add a pure play transactional financial services angle to its recently released blockchain-as-a-service (BaaS) toolkit,
Vineet Anand's insight:
BaaS, blockchain as a service, test sandbox using Ethereum toolkit now offers Ripple on its Azure cloud!
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Finextra: Australia's Commonwealth Bank is partnering with think tank Coala to run a two-day blockchain workshop in Sydney.
Vineet Anand's insight:
CommBank driving a wider conversation on usage of blockchain on challenges and opportunities bringing with it the experience of working with Ripple.
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Finextra: Digital currency network Ripple has topped up its $28 million Series A funding round with an additional $4 million investment from Santander InnoVentures.
Vineet Anand's insight:
Ripple closes Series A funding round of $28 million with participation from Santander Innoventures!
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Finextra: UK-based payments network Earthport has opened a distributed ledger gateway for bank clients to process real-time cross border payments via the Ripple protocol.
Vineet Anand's insight:
Great win for Ripple as it expands its gateway network with Earthport for distributed ledger use facilitating real-time cross-border payments!
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Finextra: Digital currency firm Ripple Labs has enlisted former Depository Trust & Clearing Corporation (DTCC) CEO Donald Donahue as an advisor.
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Finextra: Digital currency outfit Ripple Labs has closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology.
Vineet Anand's insight:
Ripple receives Series A funding for its initiative!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Ripple to expand the reach of On-Demand Liquidity with its digital asset XRP for RT money transfers and funding.Â