How Ripple Is Taking Over The Asian Payments Market Using The XRP Ledger
According to a post by Stellar Rippler, Ripple could be using the XRP Ledger (XRPL) to expand its influence and prepare for a large wave of financial activity from the Asian payment market. Rippler’s post suggests that the fintech company is putting the right tools and structure in place before this liquidity shift happens. It […]
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SBI Holdings, the financial services business division of Japan’s SBI Group, has announced it is creating a new company in partnership with digital ledger technology (DLT) startup Ripple. Called SBI Ripple Asia, the new company aims to focus on expanding the use of Ripple products and services through sales and engineering efforts focused on Asian markets including China, Korea, Japan and Taiwan. The announcement comes amid a broader push by SBI Group to make its interest in the blockchain and distributed ledger technology known, and amid a shift in Ripple's strategy to emphasize the value....
Santander has begun using an app for international payments using Ripple Labs’ blockchain technology, according to Ripple on its Ripple Insights website. The pilot app makes Santander the first U.K. bank to use Ripple technology for cross-border payments. Santander is introducing the app as a staff pilot, with the intention to expand the technology. Once the app is downloaded, Santander staff just have to complete profile details to start to make payments. The app connects to Apple Pay, where users can securely confirm payments using Touch ID. It allows users transfer between £10 and....
Even though many people do not give much credit to the blockchain service Ripple has managed to create, there seems to be a growing demand for their services in Asian. Thanks to a deal with SBI Holdings, this technology will be able to merge with banking industry experience and create a new company called SBI Ripple Asia. With a large focus on Taiwan, Korea, Japan, and China, Ripple’s enterprise solutions will focus on cross-border bank payments. Ripple Keeps Gaining More Popularity In Asia And Beyond. In the Western world, concepts such as Ripple are not gaining too much traction. Part of....
Blockchain or distributed ledger technology (DLT) has yet to achieve widespread use, but it is mature enough to begin commercial use. Ripple, a DLT technology provider, believes the time is ripe for banks to work together to initiate a network for more efficient inter-bank and cross-border payments, according to a white paper [PDF] by Ripple and Accenture. The paper, titled, “The Journey to Real-Time Cross Border Commercial Payments using Distributed Ledger Technology,” noted that more than 600 alternative distributed networks have emerged since bitcoin began in 2009, including Ripple,....
Ripple, a provider of financial settlement solutions, and SBI Holdings, Inc., a financial services company, have partnered in launching a new company, SBI Ripple Asia, to serve China, Japan, Taiwan, Korea and ASEAN countries. SBI Ripple Asia will establish a sales and engineering group to sell and install its enterprise solutions for cross-border payments at banks. The 2015 World Payments Report notes that non-cash payments in China, Japan and South Korea exceeded $145 billion in 2013, with further growth expected, Ripple noted in its announcement. Ripple will continue to operate its....