Bradley Sostack, an XRP investor filed a class-action suit against Ripple. Sostack alleges that the firm is violating federal law as it is selling XRP under a false remark of an unregistered security. The classic suit filing is done at the US district court in California…
For the first time, South America is bullish in Ripple’s underlying technology. Chile’s financial entity “Currency Bird” has signed a partnership deal with Ripple. With this, Currency Bird has joined the list of significant players that are already employing Ripple’s product across their payment services…
Ripple, the blockchain payment network has made an open request to the US regulators for making supportive crypto regulations. It has signed an open letter to Congress making a request for fresh regulations. The letter has highlighted that it considers the importance of banks and policies for the monetary exchange system…
As a part of the strategic plan towards digital transformation, Saudi British Bank launches global payment system. This is a cross-border transfer service which uses blockchain technology powered by Ripple. This news was revealed at the Financial Sector Conference recently held in Riyadh. Saudi British bank joined hands with Ripple way back in January 2018. […]
Finablr, a UAE-based payments and foreign exchange firm, has announced its collaboration with Ripple to introduce a blockchain-based payment service to streamline cross-border remittances and payment system in Thailand. The company has stated that its brands, namely UAE Exchange and Unimoni, are partnering with Ripple to make money transfer across borders faster and more secure. The organization has also disclosed its plans to extend its services to other countries, gradually.
Ripple has announced the expansion of its University Blockchain Research Initiative (UBRI) by adding 11 new partners, making a total of 29 members. The program is aimed at promoting blockchain-focused academia and research. The company has committed a funding of $50 million to UBRI’s first wave of university partners. The UBRI program offers blockchain related courses to people from various disciplines such as engineering, business, software development, etc.
Ripple has partnered with Tsinghua University in Beijing to offer blockchain research program in China. The Institute for Fintech Research at the university has stated that the research program will focus on global regulatory policies and development of blockchain technology. The selected candidates will also be allowed to attend corporate events so that they get a comprehensive view of the global blockchain regulatory policies.
MedPayRx, German cannabis startup, has aligned with InsurLab Germany to pilot a blockchain-based cannabis prescription service. Initially, the pilot project will be launched in Cologne, a city in Germany, under the supervision of the local government. The company has also claimed to offer real-time analysis and cannabis industry information.
Visa Inc, a global payment technology company, has disclosed that the firm is looking forward to partner with Earthport PLC, a UK based financial services company. According to the agreement, the credit card giant will buy Earthport for 198 million pounds. Similarly, various speculations are being made that Visa also plans to collaborate with Ripple in near future.
National Bank of Kuwait (NBK) has launched RippleNet-reliant NBK Direct Remit service. The service will be available to all NBK customers who have access to NBK Online Banking. As reported, the tool will allow customers to have a secure and reliable remittance service at lesser costs. Moreover, the online banking services will be available 24/7, easing transfers from anywhere and anytime.