A subsidiary of SBI Holdings Inc., SBI Ripple Asia (which Uses Ripple for payment solution) has announced that it has launched a MoneyTap affiliated store settlement service. MoneyTap, a payment application designed by SBI group in partnership with Ripple it uses RID’s Diversified Ledger Technology (DLT) xCurrent as an underlying technology in remitting funds between individuals from a bank account to another.
Ripple (XRP), the third biggest cryptographic money in the crypto market by market capitalization has been listed by the Taiwan based cryptoexchange BitoEX. In its official Twitter page: “New Trading Pair XRP trading pairs goes live today! BitoPro officially launches Ripple (XRP) spot trading for TWD/BTC/ETH/USDT by 12 PM (UTC+8) of 29th April 2019. We invite fellow traders to come place your orders”
Nasdaq (famous stock exchange) has announced that it will be supporting the XRP liquid index (XRPLX) to its Global Index Data Service (GIDS). Ripple in its statement: The XRPLX sources data from only the most liquid exchanges by volume and order-book depth…Current constituent exchanges for the XRPLX include Bitfinex, Bitstamp, Poloniex and Kraken with Coinbase to be added in the next review.”
Production Public Company Limited (PTTEP) and Siam Commercial Bank (SCB) will make use of Ripple’s blockchain technology solution. Khun Somporn Vongvuthipornchai CEO of PTTEP said, “ This results in lower costs which reflects PTTEP’s determination to seek new approaches or methods to increase the efficiency of work relentlessly in order to maintain business competitiveness and keep up with the changes that will always happen.”
An announcement has been made by a Japanese bank, Resona regarding their collaboration with Ripple, along with the app named Money Tap by SBI Holdings. The collaboration made with the important key players in the blockchain industry and financial services company aims to provide the customers with a reliable payment solution instead of relying on the platform established by startups.
A swiftly growing cryptocurrency company, Ripple have shared their plan to expands their business and services to more countries located in Southeast Asia. The senior VP of global operations Ripple, Eric Van Miltenburg explained: “Southeast Asia, in particular, is an incredibly important market for the company, given interest from regional banks in using blockchain for payments.”
Xago (a money transfer operator based in South Africa) has planned to apply Ripple blockchain powered RippleNet to boost financial inclusion by providing fiat and digital assets transfer both locally and globally. In its Statement, “The potency of Ripple as an enterprise blockchain solution that breaks barriers like low speed, inefficacy and high transaction cost,”
The International Association of Trusted Blockchain Applications (INATBA, an European Union Blockchain group) was launched in Brussels, Belgium along with SWIFT, IBM, Ripple and around 100 other firms and organizations. The main aim of the initiative is to boost blockchain adoption and developing blockchain best practices and standards in 28 EU member nations.
A Canadian cryptocurrency exchange, CoinField have shared that they have chosen Ripple(XRP) to become its base pair for over 130 cryptocurrencies. In their social media account, “We’re glad to announce 130+ new coins have been successfully integrated to our TESTNET and will be added to CoinFieldEX eventually once our legal evaluation & security review is done. We will offer these new coins in both fiat & XRP.”
A cryptocurrency wallet backed by Binance, Trust Wallet has recently shared that they will begin supporting ripple XRP in the platform as per mention in its official blog reports. The official announcement made by Trust Wallet then explained, “To fund a new address, you must send enough XRP to meet the reserve requirement. The current minimum reserve requirement is 20 XRP.”