Earthport Unveils World's First Distributed Ledger Hub
Earthport, known for its extensive payment network for cross-border transactions and robust ACH infrastructure, has created the world’s first Distributed Ledger Hub (DLH). The DLH service is accessed through Earthport’s Distributed Ledger Gateway, previously announced in August of 2015, and will provide full connectivity to the Ripple ecosystem, including Ripple instances, Ripple market makers, and eventually other Distributed Ledgers. Ripple had a big year in 2015. They added $32M to the war chest, created a partnership with Western Union, contributed a team member to a Fed committee, and....
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Leading cross-border transaction settlement platform and solutions provider Earthport has announced the launch of the Earthport Distributed Ledger Hub (DLH), which grants users full connectivity into Ripple, including private Ripple instances, Ripple market makers, and in time, other Distributed Ledgers. Interestingly, Earthport aims to target banks and existing financial establishments with its DLH. The firm will offer cost-efficient and robust blockchain-based solutions to institutional clients through a single API, for quicker settlement and transfer of payments, transactions, and....
"It isn't really sexy." That's how Leonard Jaramillo, VP product development at Earthport, describes the way his payment services firm is using distributed ledgers, contrasting its approach to the tech to more convoluted use cases involving QR codes or 'blockchain' technology. Jaramillo is discussing an integration of Earthport and Ripple technology that takes advantage of the efficiencies of distributed ledgers, without using a form of digital currency, or asset linked to the ledger itself. This means Earthport is using the Ripple Consensus Ledger, the company’s open-source....
Blockchain and distributed ledger technologies (DLTs) are often branded as disruptors – upstart technologies that aim to 'eat the lunch' of financial incumbents. As with most generalities, however, this idea falls apart upon observation. Startups are not the only entities researching the opportunities technology could unlock and entering the now-burgeoning market for blockchain solutions – established companies are entering the space, too. For example, London-based Earthport, an Internet payment infrastructure provider founded in 1997, is already choosing to embrace DLT technology by....
Ripple Labs and Earthport announced a global partnership to offer a faster, cost-efficient and reliable cross-border payment solutions for both consumers and corporate houses. Both the companies are considered veterans in their respective areas. While Ripple Labs is recognized as the world's leading open-source payment protocol that allows real-time fund-transfers in any currency, Earthport holds a similar stature in the field of white label cross-border payments, with services available across 60 countries. The latter is already partnered with major banks like BBVA, Bank of America and....
To secure the integrity of this permissioned distributed ledger, Ledger Assets make use of proof-of-stake. Blockchain technology facilitates near real-time exchange of information, assets, and any other type of data. But one Australian startup has come up with a way to make distributed ledgers even faster. Moreover, they reduce the energy costs required by a significant margin. Ledger Assets has unveiled EcoChain to the world, but is it that spectacular? Most people associate the blockchain with using tons of computational power and electricity to secure it. After all, that is how things....