Inside Earthport's Bid to Push Banks Past Blockchain R&D
Blockchain and distributed ledger technologies (DLTs) are often branded as disruptors – upstart technologies that aim to 'eat the lunch' of financial incumbents. As with most generalities, however, this idea falls apart upon observation. Startups are not the only entities researching the opportunities technology could unlock and entering the now-burgeoning market for blockchain solutions – established companies are entering the space, too. For example, London-based Earthport, an Internet payment infrastructure provider founded in 1997, is already choosing to embrace DLT technology by....
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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 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....
First Global Credit’s Comms Director Marcie Terman weighs in on the Public vs Private Blockchain debate. Cross border payment processor Earthport is the latest established company to throw its weight behind the adoption of blockchain technology for banks and other orthodox financial service providers. The company is driving this with the message, “you do not have to endure the risk of working with a start-up to benefit from blockchain tech.” Earthport, a mature company, is adding a range of blockchain based services to the existing menu of what they offer their banking and corporate....
"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....
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....