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The Very Beginning Shift/Shift Payments Since 2014, Ripple has been experimenting on multiple projects developing a debit card that would allow owners to easily spend their digital currencies. It first began as a joint effort along side Shift Payments to create the "Shift Card". Which the project was focused on https://ripple.com/insights/a-debit-card-powered-by-ripple/ The prototype card was integrated with both Coinbase and Ripple accounts at one point with the partners wanting to integrate the card with loyalty point programs and regular bank accounts in the future. Ripple was planned to be used for the settlement protocol for payment between fiat currencies, digital currencies, mobile minutes, etc. And in further innovation, https://techcrunch.com/2014/08/12/shift-is-developing-a-debit-card-that-lets-you-spend-digital-currency-loyalty-points-and-regular-money/ It would later be released that Shift Payments, now Shift, was introducing a VISA backed Bitcoin debit card. Suggesting the probability Ripple had been introduced to VISA long ago.... https://techcrunch.com/2015/11/20/coinbase-partners-with-shift-payments-to-issue-bitcoin-debit-card/ Unfortunately nothing came from it and the test wallets they used for the pilots have become dormant for several years. (although the main wallet has 375k XRP just sitting there) https://bithomp.com/explorer/rKbtT6j1JGjFnwkUp2Na1W8XE5Z79VsMYi https://bithomp.com/explorer/rpfFnyaChjzB8RNfT6VDYioFWfjghYXnvb Shift appears to have moved on but a possible explanation as to why nothing arose from it might be how cryptocurrencies were not favorably perceived in 2014. However one of the co-founders of Shift, Meg Nakamura added that https://techcrunch.com/2014/08/12/shift-is-developing-a-debit-card-that-lets-you-spend-digital-currency-loyalty-points-and-regular-money/ Whether they ever use Ripple or not in the future is up for debate but one of Shift's co-founders was Gregg Kidd, the chief risk officer at Ripple during the time. Interesting enough both founded Hard + Yaka, a fund that makes early round investments in exchange space startups. Previous investments? Global ID, Gatehub, Ripple, Coinbase, Shift, Bitso (expect XRPL to run thru it), ShapeShift and to our next topic of conversation.....Marqeta. http://hardyaka.com/ Marqeta Marqeta is an open API payment card issuing platform that has been enabling businesses to process credit and debit card payments. Marqeta has been establishing itself as a big company that has attracted notable clients and investors to utilize it's technology. Facebook and Oink are example of clients while this past July, VISA made a strategic investment in the company and formed a partnership to drive further innovations in commercial and consumer payments globally. https://techcrunch.com/2017/07/26/visa-marqeta-25m/ http://www.businesswire.com/news/home/20170726005359/en/Visa-Marqeta-Form-Global-Partnership-Drive-New https://www.pymnts.com/news/partnerships-acquisitions/2017/visa-and-marqeta-partner-to-transform-global-card-issuance/ https://techcrunch.com/2013/05/16/powering-the-facebook-card-marqeta-raises-14m-from-greylock-israel-to-recreate-the-starbucks-loyalty-card-for-merchants/ Marqeta is compatible with the Discover, MasterCard, and VISA networks. https://www.marqeta.com/api/docs/VhypzxwAANwA_Vgx/cards The CEO of Marqeta, Jason Gardner, has been very vocal and supportive of blockchain technology and it's possible applications. adding, It was also revealed in January 2016 that Marqeta had been working with Ripple on a defunct debit card product that would allow users to spend cryptocurrencies at traditional points of sale. https://www.coindesk.com/marqeta-ceo-bitcoin-blockchain-tech/ With the test wallets to prove this collaboration, https://bithomp.com/explorer/rwEFnxs7GQsHXBG9ARZNYcmBkZc81zphMC https://bithomp.com/explorer/rwYx6Mp1n8yMbGN9K4MkHsSNvibK4MPjQF (being really active last year and even doing fiat exchanges between USD and JPY) Only time will tell where this collaboration will lead to but it's safe to say that Ripple has really positioned itself well in regards to VISA and Mastercard. And one other interesting development has been Marqeta's new partnership with Ali Pay. https://www.finextra.com/pressarticle/71286/alipay-joins-with-marqeta-for-us-payments-play https://paymentweek.com/2017-10-27-alipay-marqeta-team-alipays-payment-processing-ambition/ http://www.businesswire.com/news/home/20171020005664/en/Alipay-Taps-Marqeta-Expedite-Payment-Acceptance-Retail One notable thing did occur (and is accelerating as we speak) this past March, Ripple introduced Payments Channels into the RCL/XRPL and ILP. Thus allowing the XRP Ledger to scale, https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/ https://www.cryptocoinsnews.com/ripple-claims-transaction-thoroughput-now/ The network has now scaled enough to sustain the amount of transactions the VISA network sustains. One last note, https://www.finextra.com/newsarticle/31227/wirex-and-sbi-holdings-team-on-japan-cryptocurrency-payments-card AirWallex Ripple partners with ties to major credit card issuers don't end there. AirWallex is an international payments startup that is based in Australia that in October, it's partnership with Ripple became publicly disclosed. https://ripple.com/ripple_press/ripples-blockchain-network-now-100-strong/ This past May, AirWallex held a Series A Round in which it raised $13 million dollars in funds for the company. These investors included MasterCard, Gobi Ventures/Partners which is one of Alibaba's investment managers, and Tencent leading the investment round. Tencent's WeChat has roughly 980 million monthly users, with users sending about $1.2 trillion in mobile payments in 2016. Along with mobile payments in China, Tencent wants to expand WeChat Pay usage to other regions including South Africa, Philippines, and Malaysia. https://bankinnovation.net/2017/04/alipay-wechat-processed-3-trillion-in-2016/ http://news.abs-cbn.com/business/11/22/17/wechat-pay-launches-in-philippines-with-asia-united-bank http://www.marketing-interactive.com/tencent-confirms-plans-to-launch-wechat-pay-in-malaysia/ http://blog.wechat.com/2015/11/25/south-africa-launches-wechat-wallet-the-first-country-officially-outside-china/ And there is one more region that AirWallex is targeting thru a formation of a partnership this past week, Europe. On December 1, AirWallex announced a partnership with Railsbank to enable AirWallex also became Railsbank's Airwallex’s VP of Europe Expansion, Michael Stachowiak speaking on the partnership shared, https://www.finextra.com/pressarticle/71788/airwallex-joins-railsbank-platform https://www.pymnts.com/news/b2b-payments/2017/airwallex-railsbank-international-payments-partnership/ Along with it's partnership with AirWallex, the previous day Railsbank was one of eleven companies to be chosen by MasterCard to be included in it's Start Path program. With Railsbank being chosen for it's ability to give companies access to global banking networks thru APIs. https://www.finextra.com/pressarticle/71779/latest-mastercard-start-path-program-includes-blockchain-digital-identity-and-healthcare-fintechs Want to know what happened on November 30? (same day of Railsbank and MasterCard's annoucement) The European Central Bank hosted a digital transformation conference that Ripple was invited to. https://www.ecb.europa.eu/pub/conferences/shared/pdf/20171130_digital_transformation_conf/Conference_brochure_20171130.pdf A panel which consisted of Banca Sella, the Central Bank of Netherlands, PayPal, and Ripple was held to speak on the disruptive potential of fintech innovations for the retail payments ecosystem. Want to know what happened on December 1? (same day as AirWallex and Railsbank's partnership) Brad gave us a nice tweet The VISA and MasterCard connections are there and more subtle Alibaba and Tencent connections to Ripple are surfacing. There's a lot of money between Europe and China in e-retail............. EDIT https://mobile.twitter.com/bgarlinghouse/status/961250935115743232 EDIT 2 https://www.pymnts.com/digital-payments/2018/mastercard-uae-exchange-prepaid-cards-digital-payments/amp/?p=474082&__twitter_impression=true
Here's another interesting investment by SBI, it was posted in the Zerpening but not in the open forum... Ripple Investor SBI Invests $15 Million In Swiss Crypto Card Maker Tangem https://www.investinblockchain.com/ripple-investor-sbi-invests-15-million/ By Abhimanyu Krishnan January 23, 2019 "The investment was executed through SBI’s digital assets investment SBI Crypto Investment. Yoshitaka Kitao, representative director, president, and CEO of SBI Holdings, emphasized the utility of Tangem’s products in boosting adoption: The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI. Tangem is a Swiss company that makes cards linked to cryptocurrency wallets, allowing users to spend crypto with the same ease that they would with a debit or credit card." a bit more... Japan’s SBI Invests $15 Million In Crypto Card Wallet Maker Tangem https://www.coindesk.com/japans-sbi-invests-15-million-in-crypto-card-wallet-maker-tangem Yogita Khatri Jan 21, 2019 "SBI said it had invested in Tangem because its “inexpensive” and “robust” wallet product could help boost demand for crypto assets, as well as its own products. “The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain,” said Yoshitaka Kitao, representative director, president & CEO of SBI Holdings. “We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.” In October 2018, SBI Group also partnered with Denmark-based blockchain security startup Sepior to develop a digital wallet for its cryptocurrency exchange VCTRADE. And, last March, the group bought a 40-percent stake in Taiwanese cold wallet maker CoolBitX." ...from today: Swiss Startup to Produce ‘Banknotes’ for Marshall Islands’ Official Cryptocurrency https://www.coindesk.com/swiss-startup-to-produce-banknotes-for-marshall-islands-official-cryptocurrency Yogita Khatri Jan 29, 2019 Last week, Tangem received a $15 million investment from Japanese financial services giant SBI Group, Through the funding, the firm said it plans to expand its card technology to other areas, such as stablecoins, initial coin offerings, tokenized asset offerings, digital identity and more.
Crypto is still at its beginning stages, but a series of companies are moving forward with standards-based architecture, using blockchain technology to build the infrastructure for a new version of the Internet, where value can move as fast as light. In this latest blog, I cover progress by a series of companies and Venture Capital Firms connected to the XRP Ecosystem: Ripple, Coil, Polysign, and Andreessen Horowitz. Included is news about a new Japanese crypto exchange that may have tens of millions of customers when they go live, the speaker list from Disrupt 2018, and Google's plans to include the new Payment Handler API in Chrome. At the end, I tie it all together and explain the master plan across all these endeavors: The creation of the IOV! I hope you enjoy the read: Please leave any feedback below. Feel free to share my blog with a friend - or on any other forum or platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
In my latest blog, I discuss the incredible impact that SBI is about to play in XRP's role in Asian commerce, along with SBI's aggressive, recently-announced plans for vertical integration of crypto. All this coincidentally on the heels of Ripple's latest SBI announcement yesterday! Hope you enjoy. Please leave any feedback below, and thank you for sharing on other media, or with a friend! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread