Ripple is a cryptocurrency and a payment network which facilitates open and distributed payments with said currency. The San Francisco-based company has attracted an ample list of partners and merchants in recent months, its native currency has even succeeded in becoming the number two cryptocurrency in terms of market cap. Currently,
The document also indicates that Ripple suggests that new systems should explore leveraging digital assets as a liquidity or settlement tool, especially for cross-border transactions. On December 13th, 2018, Ripple submitted a proposal addressed to US Federal Reserve named ‘Potential federal reserve actions to support the interbank settlement of faster payment‘. According to
National Bank of Kuwait customers in Kuwait should soon be able to speedily send remittances to NBK customers in nearby Jordan. The National Bank of Kuwait (NBK) has launched its “NBK Direct Remit” service, which uses Ripple’s blockchain technology for cross-border payments. The National Bank of Kuwait (which, despite the name, is
Is Google Eyeing Ripple? How XRP Could Benefit from the Alleged Attention… A major claim regarding the interest of Google in Ripple and their native currency XRP is cruising the web, following the interest of over 120 banks and financial institutions that previously joined RippleNet, the network of Ripple supporters.