Ripple Faces Major Challenger As Circle Enters Payments Arena
Circle’s decision to unveil the Circle Payments Network (CPN) on 21 April has set the stage for the first head‑to‑head contest between a fully reserved stable‑asset rail and Ripple’s decade‑old Ripple Payments (formerly On-Demand Liquidity – ODL) product. Circle Enters Payments Arena Announced in a post on X, Circle describes CPN as “a streamlined way […]
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Ripple has formed a six-bank Global Payments Steering Group (GPSG), calling it “the first interbank group for global payments based on distributed financial technology.” A New SWIFT Challenger. Although the announcement does not mention it explicitly, the new network is a potential challenger to SWIFT. First activated in the 1970s, SWIFT is the global....
Ripple, the payments startup with an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into lending.
Anyone with iOS 10 will soon be able to use blockchain payments app Circle to send and receive payments directly within Apple’s iMessage app. Circle for iMessage represents a major step in the evolution of social message payments in the West, similar to what has already happened in China. Circle for iMessage is available from the App Store. Users updating to iOS 10 will automatically have Circle for iMessage. Send And Receive Within iMessage. Users will be able to send dollars, pound sterling, euro and bitcoin to anyone directly inside of iMessage. They will fund payments and cash out....
Barclay enters into a partnership with Circle, allowing the bitcoin-based social fund transfer application to use its infrastructure to transfer Pounds Sterling. Barclays, the British banking giant is not new to digital currency and blockchain technology. The bank, known to encourage and work with innovative technologies has taken another step in that direction by announcing its recent partnership with Circle, a bitcoin social payments application. According to the partnership, Barclays, the mainstream banking major will be offering its infrastructure for a private company to deliver....
Blockchain payments firm Circle has integrated with Apple's iMessage, a move that allows users to send payments in dollars, euro, pound sterling and bitcoin through the popular texting platform. Circle executives said the launch marks the end of preparations that began in June, when Apple announced it would open up iMessage to third-party developers. "We decided to jump on it," Circle CEO Jeremy Allaire said in an interview. "We had been planning to build out a model for app-less payments using Circle that would work in all the places people communicate and interact."....