Will Ripple Replace Banks Soon? Why XRP Is At The Center Of It All
Growing speculation around whether Ripple could one day replace certain functions of traditional banking using XRP intensified last week after Paul Barron, the founder of the Paul Barron Network, outlined why XRP is positioned at the center of global finance. His statements highlight XRP’s potential to reshape the future financial infrastructure and increase its role […]
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Ripple’s Chief Technology Officer, David Schwartz, has clarified that XRP’s core purpose is to give individuals direct control over their money. In a recent post on the social media platform X, Schwartz highlights how XRP is not intended to replace banks but rather facilitates the free movement of value without centralized control or intermediaries. Ripple […]
Ripple Labs has sealed new partnerships that will bring its Ripple protocol to two US banks. According to the company's 24th September announcement, Kansas-based CBW Bank and Cross River Bank, located in New Jersey, will be the first American banks to adopt Ripple's open-source distributed transaction infrastructure. The news comes several months after Ripple inked its first deal with the banking sector, when German bank Fidor became the first institution of its kind to integrate the Ripple protocol. Like Fidor, CBW Bank and Cross River Bank will now be able to tap Ripple's low-cost....
Thursday, Blockchain company Ripple announced that it had raised $55 mln in funding. Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank and Santander Innoventures are just a few of the investors who participated in the Series B funding. Additionally, Ripple has secured partnerships with major banks, including Standard Chartered, BMO Financial Group, and Shanghai Huarui Bank. In the near future Ripple plans to partner with even more banks, which are planned to use the service it provides to improve cross-border payments. Overall, Ripple has received over $93....
The heated debate in the Bitcoin community throughout the past months not only concerns the block size dispute. Another technical change at the center of conflict is replace-by-fee, a version of which was included in the latest release of Bitcoin Core – while the next version of Bitcoin Classic will have no replace-by-fee at all. An often-heard criticism against replace-by-fee is that it creates new problems while it doesn't really solve any existing ones. But that criticism is questionable. What is replace-by-fee? Replace-by-fee is a mempool policy. Mempools are collections of unconfirmed....
San Francisco-based decentralized payment network provider Ripple Labs has announced that German Internet direct bank Fidor is now using the Ripple protocol as part of its transaction infrastructure. With the announcement, Fidor has become the first bank to integrate Ripple's payment protocol, allowing its customers to instantly send money in any currency in any amount through the bank's money transfer products at a lower cost. The move is significant as it will allow Ripple to showcase how its unique open-source approach to payments can be used by banks to replace many of the common....