Ripple Labs Reportedly Tried to Overshadow Bitcoin before Californian Assembly
Ripple Labs CEO Chris Larson recently described Bitcoin as an "unneeded" currency, a statement that eventually ended up fuming digital currency supporters. The statement came during an official interaction hosted by the Californian Banking and Finance Committee to discuss "Innovation and Transformation in Payment Technology". Apart from Ripple Labs representatives, which also included the company's CTO Karen Gifford, the committee also invited digital currency veterans like Coin Center Executive Director Jerry Brito and Coinbase Co-Founder and President Fred Ehrsam to present their views....
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Payment protocol company Ripple Labs recently announced an additional step that would require users to submit their personal information to use Ripple network. In an email sent to its customers last week, the Californian startup said it wanted to bring additional verification procedures for users in order to comply with the ongoing regulatory sketching. "An ecosystem that supports regulatory compliance builds confidence and encourages new participants to use Ripple and contribute volume to the network," the letter said. Most reactions to Ripple Labs's announcement were vehement. While some....
The short answer is, if you use the Ripple protocol for any purpose, not only can Ripple track you, but they see it as a feature, not a bug. In comments made to the California Assembly last month, Karen Gifford and Chris Larson of Ripple Labs, in essence, threw the baby out but attempted to purify the bath water. Gifford is no stranger to traditional banking, and Ripple famously hired her for her impressive resume which includes eight years as an active member of the litigation and enforcement group for the Federal Reserve Bank of New York. Her role as compliance officer should come as no....
Ripple Labs recently announced the inclusion of Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (CDCC), into their long list of advisors. Like every time, the payment protocol company is hoping to bring a wealth of knowledge to its cross border transaction services. Donahue, who is nothing short of a veteran when it comes to settling vast amount of security transactions, promises to provide just the same to this emerging next-generation firm. As Ripple Labs acknowledges, "Donahue brings deep financial services infrastructure technology knowledge and security....
Ripple (formerly Ripple Labs) has filed a trademark infringement lawsuit against Kefi Labs, the makers of a social photo-sharing app called Ripple. In documents filed on 2nd October in the US District Court for the Northern District of California, the San Francisco startup stated it is seeking $2m in damages against Kefi Labs for infringement, unfair competition and cybersquatting, funds it suggests represent three times of the value of the actual damages sustained. The 13-page lawsuit goes on to allege Kefi Labs and its employees used domain names such as getripple.io that were....
Global remittance giant Western Union is reportedly working on a pilot program with distributed payment protocol provider Ripple Labs. The news was first revealed in a tweet by Ripple Labs promoting CEO Chris Larsen's appearance at Global Conference 2015, an annual event held by non-profit think tank the Milken Institute. The pilot was further confirmed by Monica Long, VP of marketing and communications at Ripple Labs, who told CoinDesk that while Western Union is "exploring a pilot project using Ripple", no further details on the initiative were available. Long did, however, suggest that....