Ripple Singapore
A colleague commented to me recently: if you're ever explaining Bitcoin to someone and they're getting it, start talking about Ripple, just to confuse them again. Of course, this was in jest. But, there can be some confusion about Ripple and how it operates. Ripple, just like Bitcoin, is an open-source consensus network and ledger. It achieves consensus....
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A new service launching in Singapore today uses the Ripple network to acquire, store and convert precious metals into any currency for customers anywhere in the world. Ripple Singapore is a new kind of Ripple 'gateway', which is the name given to the exchange network's entry and exit points. It's Singapore's first major gateway, and the first in the world to offer trade in precious metals. Users maintain a balance in a Ripple wallet (similar to a bitcoin wallet), while the bullion itself is vaulted in Singapore. They can then use that balance to pay anyone instantly in any currency....
In a legal battle that has recently come to light on September 4, Ripple Labs Singapore, the Singapore arm of Ripple Inc., has taken legal action against GCC Exchange, a well-known foreign exchange and money transfer app provider. The lawsuit stems from alleged non-payment issues concerning the transfer of XRP liquidity injected by Ripple’s Singapore-based […]
Ripple has secured a significant regulatory boost in Asia Pacific, after the Monetary Authority of Singapore (MAS) approved an expanded scope of payment activities for the Major Payment Institution (MPI) license held by its local subsidiary, Ripple Markets APAC Pte. Ltd. Announced on December 1, the decision allows the company to broaden the range of […]
Ripple CEO Brad Garlinghouse pays tribute to the UK’s Financial Conduct Authority, as well as the Monetary Authority of Singapore. In a tweet, Garlinghouse spoke highly of the way each regulatory authority oversees their respective territories. Going further, Garlinghouse said it’s no wonder that both the UK and Singapore have burgeoning crypto industries. 1/ UK’s […]
Ripple President Monica Long has revealed that the company’s upcoming US dollar stablecoin, Ripple USD (RLUSD), has already secured early customer commitments prior to its official launch. Speaking at the Singapore Fintech Festival, Long emphasized that stablecoins are set to become a “massive trend” in the payments industry. Ripple Is Waiting For Regulatory Approval In […]