Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO
Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged Ripple, creators of the eponymous XRP cryptocurrency, and its top executives with selling unregistered securities since 2013. The blockchain payments firm denies the charges, but that has not stopped a number of U.S. crypto....
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Ripple CEO Brad Garlinghouse says the company's activities in the Asia-Pacific region have not been affected by current regulatory troubles in the United States. Despite being in the middle of a $1.3 billion lawsuit with the United States Securities and Exchange Commission, it appears that it is still business as usual for Ripple.Speaking to Reuters on Friday, Garlinghouse revealed that the company has not suffered any negative blowback in the APAC business theatre amid the current SEC lawsuit:“It (the lawsuit) has hindered activity in the United States, but it has not really impacted....
Ripple's expansion plans haven't been halted by an ongoing XRP securities lawsuit, as it appoints a new managing director for the Southeast Asia region. Ripple has appointed a former Uber executive to lead its expansion into the Southeast Asia region, the firm announced on March 18. Brooks Entwistle joins Ripple after serving as Uber’s chief business officer, leading the firm’s growth and navigating regulatory issues throughout the Asia Pacific. The new managing director of Ripple’s Southeast Asia wing had previously spent two decades at Goldman Sachs, operating as partner and chairman in....
Dilip Rao, Managing Director of Ripple Labs in Sydney, has announced that Ripple will continue to expand its “highly demanded” real-time settlement protocol in the Asia-Pacific region. Ripple appointed fin-tech veteran and experienced salesman Dilip Rao for the new Ripple Labs Asia Pacific subsidiary back in April. According to Ripple, the company established the new facility to support the “growing demand for Ripple’s real-time settlement protocol in the region” and to connect with Ripple Labs partners in the Asia-Pacific market. In a press release, Rao explained that countries in the....
Payments giant Mastercard is launching crypto-linked payment cards for the Asia-Pacific region in partnership with three crypto service providers. “For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit, or prepaid cards,” Mastercard said.
First Crypto-Linked Mastercards in Asia-Pacific Region
Mastercard announced Monday that it has partnered with three crypto service providers across the Asia-Pacific region “to launch the region’s first crypto-linked payment....
The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth. With the accelerating pace of innovation in mobile communications and fintech, the region is expected to not only leapfrog the US & Europe by 2019, but also integrate millions of unbanked people into the global economy. The Asia Pacific region, led by China, is growing fast. In 2014, the sum total of worldwide assets reached a record high of US$164.3 trillion. As central banks have come to the rescue, asset prices have risen to record highs globally. Global growth overall grew by 11.9% (see chart....