Ripple Teams-up with Kyoto and Tokyo University for Blockchain Research

A partnership was established between Ripple (a blockchain firm) and creator of XRP cryptocurrency with the two higher education institutions in Japan for its University Blockchain Research Initiative (UBRI). Emi Yoshikawa, Senior Director at Ripple explained, “Japan is quickly becoming a leading force in crypto assets and blockchain. The region has always been forward thinking and exploring ways to improve the current financial system.”

Ripple Sales in Q2 With $250 Mn worth of XRP sold

The Ripple has revealed its sales for second quarter for 2019, that it has sold $251.51 million in XRP the breakdown is $106.87 million XRP in institutional direct sales and $144.64 million. Earlier ripple has revealed its escrow system, that it withdrew one billion from escrow each month over the quarter for a total of three billion XRP. Of the three billion, 2.1 billion were reportedly reinvested into escrow contracts.

Patent BOA Files For Ripple Related Blockchain Patent

One of the largest bank in the U.S, the Bank of America (BoA) has reportedly filed a patent for a settlement system citing the Ripple ledger (DLT). The patent filed will allow BoA to enable real-time settlement and transactions will be communicated through a shared, decentralized ledger and BoA was shared to have the most blockchain patents in the financial industry.

PayPal Develops Product To Compete With Ripple

PayPal has revealed that it has built Xoom (a mobile payments app) with aim to compete with Ripple’s payment solutions. The application will be made available to and has already entered a partnership with more than a few major banks and other financial institutions. It is hoped that it will facilitate speedy and cheap cross-border payments to users all over the world.

xRapid Is Powering 20 Financial Institutions At present

The ripple based xRapid has made public that 20 financial institutions are employing the tech, particularly in on cross-border remittances. The global head of banking at Ripple, Marjan Delatinne explained, “xRapid went live last October, so it’s a very new product, but we have more than 20 financial institutions using it. So there is still a lot of education, but what is apparent with the regional banks and also the payment service providers is that they are hungry for change and for having a competitive edge.”

Coinone Transfer Teams-up with SBI Ripple Asia

A payments firm based in South Korea, Coinone Transfer is in collaboration with SBI Ripple Asia for blockchain remittance. The CEO of Coinone Transfer, Wonhee Shin explained, “We hope that the cooperation between Coinone and SBI Ripple Asia will provide allow us to introduce a range of financial services that make use of blockchain technology.”

MoneyGram Soared Post Acquisition of Share By Ripple

It has been confirmed that Ripple has partnered with MoneyGram International Inc. which leads the market to soar on Monday. The Chief Executive Officer of MoneyGram, Alex Holmes has explained, “As the payments industry evolves, we are focused on continuing to improve our platform and utilizing the best technology as part of our overall settlement process.”

SBI Ripple Asia expands By Bring Out MoneyTap Affiliated Store Settlement Service

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 Gets Listed In Taiwanese Crypto Exchange Platform

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”

Ripple Index Will Get Added To Nasdaq GIDS

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.”