Ripple and XRP Mentioned in Official US Bill Proposal

A proposed bill on remittance insurances mentions Ripple and XRP as the newest developments in payment channels. Increased cross-border remittances have alerted US regulators to the opportunities for tracking and securing funds. Potential Future Platform for Significant Remittances Ripple’s XRP was mentioned in relation to cross-border payment systems in the proposed bill text. The pending […]

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Mastercard, R3 to Develop a Blockchain Cross-Border Payments Platform

Payments giant Mastercard is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3. In an announcement on Wednesday, Mastercard said the two firms have inked a deal to “develop and pilot” the payments solution. It will initially be aimed at connecting faster payments schemes and banks backed by Mastercard’s clearing and […]

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Ripple Partnership Provides New Payment Rail for UK Remittance Firm

Distributed ledger startup Ripple has added a new client to its to its global settlements platform, RippleNet. UK-based remittance firm, Xendpay, announced a partnership with Ripple that allows the firm to enter new markets like the Philippines, Bangladesh, Malaysia, Vietnam, Indonesia, and Thailand. According to a statement published August 21, RippleNet supports currencies that were […]

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Philippines’ UnionBank Launches Stablecoin, Conducts the Country’s First Bank Blockchain Transaction

The Philipines’ UnionBank has issued its own stablecoin, PHX, according to Filipino media PhilStar Global. With the issuance, the bank also conducted the first blockchain-based transaction by a Filipino bank.  The PHX stablecoin is pegged to the Philipino peso and backed by UnionBank reserves. “PHX is a stable store of value, medium of exchange and […]

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Euronet Subsidiary Ria Turns to Ripple Tech Seeking Faster Money Transfers

Ria Money Transfer, a subsidiary of U.S.-based payments firm Euronet Worldwide, has joined Ripple’s blockchain-based payments network seeking faster cross-border payments. In an announcement Wednesday, Ripple said that RippleNet will help Ria settle transactions with “increased speed, transparency and efficiency.” Customers stand to benefit too, it adds, with end-to-end tracking, improved visibility into fees and details of […]

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