Ripple Labs Joins Fed's Faster Payment Task Force
Creators of the Ripple payment protocol, Ripple Labs, have been elected to the Federal Reserve's Faster Payment Task Force Steering Committee. The Fed created the Faster Payment Task Force earlier this year to tackle the challenge of upgrading the United States' outdated payment infrastructure, which lags behind Europe, and, in some cases, emerging....
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Ryan Zagone, whose title is Head of Research for the Business Development Team at Ripple Labs, was recently elected to work to work on a team within the Federal Reserve. The team is called the "Faster Payments Task Force Steering Committee," and Zagone's election is part of an ongoing effort on the part of the Fed to integrate members of private industry in its modernization efforts. Over 300 private companies have decided to take part in the FPTF, and of that wide group, a steering committee of sixteen people were selected. This is where Zagone comes in, representing Ripple Labs. As part....
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
This week, the Conference of State Bank Supervisors (also known as the CSBS) made an announcement of a new task force charged with the task of studying today's changes in payment systems. The Task Force, aptly named the Emerging Payments Task Force, will set their attention on digital currencies and other innovations down the line "to determine the potential impact on consumer protection, state law, and banks and non-bank entities chartered or licensed by the states." The Task Force will engage with a broad range of stakeholders - including fellow state regulators, federal regulators,....
Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup's efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC is one of the largest clearing houses of securities and derivatives in the United States, processing $1.6 quadrillion worth of transactions last year. It is also one of the largest clearing houses in the world. "I'm very interested in the....
The company behind the consensus network and currency, Ripple, has announced a new office in Sydney, Australia as part of a push further into the large Asian and Pacific markets. "We are excited to formally unveil a presence in Asia Pacific - an area that has been aggressively pursuing faster payment technologies for both domestic and cross-border payments," said Ripple Labs CEO and co-founder Chris Larsen. According to a Ripple Labs, the expansion is to meet a "growing demand" for the currency's payment services in the region. Unlike Bitcoin, Ripple relies on intermediaries to work as....