Ripple Labs and Earthport Join Hands to Improve Cross-Border Transaction Solutions
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....
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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....
Ripple Labs has partnered with global payments company Earthport, providing new channels for enterprise access to Ripple's open-source transaction protocol. Earthport specializes in cross-border payments, maintaining one of the largest open networks of its kind. The company's payments hub features local clearing institutions and payments companies from 60 countries around the world. Additionally, Earthport works with major banking partners like Bank of America, Barclays and BBVA. The partnership provides Ripple with access to a broader pool of potential customers, all of whom are required....
San Francisco-based Ripple Labs, the startup behind the digital payment network Ripple, has joined the International Payments Framework Association (IFPA). The Association, whose members include the likes of ACH, NACHA and SWIFT, provides rule sets, best practices and guidance on how to improve cross-border payments. Nilesh Dusane, director of business development at Ripple Labs, said that the company was
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....
"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....