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Found 14 results
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  1. I think Egypt is a place ripe for Ripple adoption. Of course, I hope this about most places so here is some data that makes it worth keeping an eye on. [1] In the most general of ways, the situation in Egypt might seem familiar to the situation in India: the government has alternately outlawed and permitted crypto. Currently it is not exactly clear where they stand on it, but there has been a recent legal push towards licensing. [https://cointelegraph.com/news/egypt-lays-out-path-for-a-crypto-future-with-draft-law ] [2] The country intends to move towards a cashless society, b
  2. https://xrpripplenews.com/2019/08/22/ripple-signs-xendpay-to-ripplenet-for-cheaper-faster-payments/
  3. SendFriend, the next-generation remittance service and currently, the smartest way to send money to the Philippines, today announced it has raised $1.7M in total capital to better enable Overseas Filipino Workers (OFWs) to securely transfer USD to PHP at the lowest rate available. The funding comes from MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. More than $45 billion in fees on remittance services, which often take 3-5 days, was spent last year by the millions of migrants in the U.S. who send home more than
  4. Hi Ripple community Im interested in creating a remittance based business and am trying to figure out how xRapid provides liquidity. The reason i ask is that the destination country has no exchange that lists XRP.. so no way of converting the XRP into fiat or into another cryptocurrency. So how would xRapid solve this issue?
  5. The strategy to target the remittance market is now plain for all to see; In my latest blog, I discuss the remittance processors and why this market will be the first one to utilize xRapid ahead of the banks. How big is the remittance market? How many of the top companies are implementing Ripple? The answers are inspiring. look into this industry, as well as the reasons why the top companies are all going in the direction of implementing Ripple technology. Hope you enjoy the read: Please leave any feedback below. Feel free to share my blog with a friend or on any other media - a
  6. Here the list of top 5 remittance companies: 1. Western Union 2. Money Gram 3. Ria 4. Transferwise 5. WorldRemit All information from Tearsheet.co and Business Insider.
  7. Really research SBI Ripple Asia. They are the powerhouse that brought the huge Japanese banking consortium to partner with Ripple. The CEO says he believes XRP WILL BE THE GLOBAL STANDARD IN PAYMENTS. see his interview. Also look at this quarterly financials report. on page 78 it mentions that as the largest remittance company in Asia they are in alliance with 350,000 Moneygram Agent locations in 200 countries. It also says they are planning on going livebin Aurumn 2017. HODL ON! Its just one of the many reasons i decided to buy XRP. http://www.sbigroup.co.jp/english/investors/d...ations.
  8. This is a question for the Ripple team. Most likely, @miguel. However, maybe @JoelKatz could provide some information as well. One of the huge takeaways from SWELL is that XRP liquidity needs to be grown before we can start to (hopefully) see widespread usage of XRP by financial institutions/payment processors. The goal of this post is to understand just how much liquidity is needed before FIs can start using XRP on a consistent basis. Let's use the US Dollar and the Peso as an example (USD/MXN). Also assume we are talking about remittance. There are two components to this remittance tra
  9. This blog entry from SaveOnSend discusses the 'big picture' of money transfer, including the perceptions and actions of retail bank customers in the C2C remittance space, the importance of money transfer relative to other sources of bank revenue, and the potential scope for innovation by MTOs / fintech disruptors. Banks and Money Transfer: Sleeping Giants? Excerpt from blog post (italics/bold mine):
  10. "I can’t give numbers but our target is to get more banks on board. Also, I can’t name the other bank right now." - Navin Gupta http://www.livemint.com/Money/WQd0yhFaNop51YGluFQ3FL/Remittances-take-a-long-time-because-banks-are-using-a-50ye.html?facet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp
  11. https://cointelegraph.com/news/major-south-korean-conglomerate-enters-bitcoin-remittance-market Bitcoin as remittance? Would there be implications for Ripple in this?
  12. good article on twitter. clears up the question on "retail remmitance" and commercial payments. Also mentions XRP. https://www.techsciresearch.com/news/2810-ripple-blockchain-technology-set-to-revolutionize-saudi-arabian-banking-sector.html
  13. This is just confirmation that Ripple in the running, and a chance to check out their direct competition as pertains to this particular area. There are some noteworthy entries, but Ripple is by far and away a market leader. It is worth noting that some of these competitors are openly looking to end BTC.....as crypto investors we would be wise to remember that this party could all be over in one regulatory swipe. Unlikely, yes, but don't put all your eggs in one basket. https://fedpaymentsimprovement.org/faster-payments/capability-showcase/
  14. This is just something to be aware of, Ripple is definitely the tip of the spear, but SBI is hedging their bets it would seem. Japan's SBI, megabanks take stakes in blockchain group R3 New network for financial transactions promises to slash costs In blockchain-based systems, users maintain transaction logs, comparing their own copy of records with their peers'. TOKYO -- Japan's SBI Holdings and more than 40 financial institutions from around the globe have pledged some $107 million to R3, an American startup building a new network for financial transa
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