A cryptocurrency start-up based in Israel has revealed possible partnership could be established between eToro and Ripple. The CEO of eToro, Yoni Assia then commented, “I think as a fintech company it’s very important for us to foster relationships with other fintech companies. Obviously, as we’re one of the largest trading platforms on Ripple.”
A non-custodial digital wallet and exchange app, Abra has announced that they’re going to support the cryptocurrency Ripple (XRP) soon. The announcement made by Abra could benefit their user that is also the XRP community. Abra currently has more than 500,000 installs on Play Store with 4,400 ratings given and 7,500 ratings in iTunes.
A well-established international money transfer market-based in the U.S, Western Union have shared that they’re currently observing the potential offers by ripple technologies. It has also not denied the fast-growing cryptocurrency market all around the world and expressed that is also one of the reasons which motivate them to start exploring what Ripple products could offer them.
Ripple has recently welcomed the Taiwanese regulators in their company’s headquarters in discussing the potential of the technology offers by Ripple to enhance the financial inclusion in Taiwan. The meeting in Ripple HQ was confirmed by a Taiwanese Legislator, Karen Yu in her social media account which indicates that Taiwan is being open towards blockchain and cryptocurrency industry.
The University of Kansas has recently received $2 million worth of donation from the Silicon Valley to support the cryptocurrency and digital payments research related. The University of Kansas then explained that the donations received from Ripple will go to the Information and Telecommunication Technology Center at the Kansas School of Engineering and provide $400k each year.
A public Ivy League school, University of Michigan (UM) have announced regarding their participation in Ripple’s University Blockchain Research Initiative (UBRI). The most important thing this funding allows us to do is to integrate the engineering and data science with finance and policy to craft financial models to fund infrastructure, developing models to close the infrastructure finance gap.
11 new partners have recently joined the Ripple’s University Blockchain Research Initiative (UBRI), which aims to boost the research and development of blockchain, cryptocurrencies and digital payment technology. The resources provided to the partners are curriculum development, course launches and expansions, conferences, and to fund scholarships for students & faculty.
The first bank to adopt the Ripple’s XRP-powered xRapid have shared that it has successfully implemented the technology. Euro Exim Bank is now working closely with technical resources at Ripple, and have successfully implemented the xRapid system for customers requiring low-value remittances in currencies and jurisdictions typically subject to large exchange costs, liquidity and delivery time.
In an interview with CNBC, VP of Ripple for the EU, Jeremy Light has revealed their plan in expanding their business in China for its cross-border payment solution. Light then said, “China is definitely of interest. It is definitely a target.” This indicates that Ripple is aiming to accelerate the cross-border payment solution, despite the use of cryptocurrencies have been banned.
The Ripple SVP, Asheesh Birla has revealed in a interview that they are planning to expand their business to more destinations to increase their product adoption in 2019. Birla has expressed that optimism towards the industry despite a mammoth-drop in the XRP price like adoption of the new remittance service by the National Bank of Kuwait (NBK).