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mars75

Ripple - A Quick Look at dLocal (AliPay, WeChat Pay, UnionPay)

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Our in-house forensic researcher, kudos and chapeau!

Let's hope those i's get dotted and those t's get crossed.

You're referring to Ripple Insights articles from 2014, there's the change these clients have scaled down their initial Ripple plans.

Edited by panmores

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17 minutes ago, mars75 said:

The origin of dLocal stems all the way to AstroPay. AstroPay is one Latin America's largest cross-border payment providers. In 2014, AstroPay was one of the first cross-border payment providers to adopt and utilize Ripple technology. At the time AstroPay was the largest cross-border payments services provider in Latin America with more than 600,000 customers in seven countries conducting 5,000 unique transactions per day. The company went further into adoption by opening a gateway within the XRP Ledger called Ripple LatAtm, becoming the region's first licensed money service business to use Ripple for payment transactions.

https://www.astropay.com/

https://www.alfacashier.com/exchange/astropay/ripple

https://ripple.com/ripple_press/astropay-launches-first-latin-american-money-service-business-on-ripple-protocol/

https://ripple.com/insights/ripple-ecosystem-expands-to-7-countries-in-latin-america/

Ripple LatAm originally was offering it's services to the following countries, Brazil, Chile, Colombia, Mexico, Peru, Argentina, and Uruguay. So what is the tie in to dLocal? AstroPay, dLocal, and (at least one of the co-founders of dLocal) is the founder of Ripple LatAm (Andres Bzurovski). What is the significance of this relationship? Essentially the founders have used the XRP Ledger/xRapid in the past and the likely hood of them utilizing it again stands high considering the need of their clientele. (including Uber, goDaddy, etc.)

https://www.forbes.com/sites/rogeraitken/2017/06/23/chinas-alipay-unionpay-wechat-pay-join-latam-fintechs-digital-payments-platform-revolution/#d597ca63a71a

This integration between these Chinese parties and dLocal might also be explained by their ambitions to foster presence in the continent.

https://asia.nikkei.com/Business/Trends/Chinese-internet-giants-head-for-Latin-America?page=1

dLocal is also n the process of expanding as well, opening a office in New Delhi and planning to enter Morocco, Egypt, Nigeria and Southeast Asia.

(and just as a remainder, the NPCI is in charge of the UPI in India, the very same organization in talks with Ripple to use their technology for the ENTIRE payment system in India)

http://wwd.com/business-news/technology/cross-border-fintech-firm-dlocal-opens-new-delhi-office-launches-in-india-10965958/

https://www.elobservador.com.uy/uruguaya-dlocal-trabaja-junto-al-mit-conquistar-mercados-n1165564

The connection to MIT is rather interesting as well, as the number of MIT nodes within the network has significantly increased the past months. Regardless of the cause one thing is certain, for cross-border payments that are low valued, XRP is desirable for cost efficiency..............

(there is much more to come :) .....)

 

giphy-zach-.gif

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20 minutes ago, BANKXRP said:

Great Post Mars. i have to sleep ill have to Read it tomorrow.

im sure you know this Alibaba ripple servers.

 

 

alkii.JPG

Most of them i assume are from Alibaba Cloud Services (the Canadian ones). The other ones, according to WHOIS, are from the headquarters of Alibaba in Hangzhou. This is interesting.

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1 hour ago, mars75 said:

The origin of dLocal stems all the way to AstroPay. AstroPay is one Latin America's largest cross-border payment providers. In 2014, AstroPay was one of the first cross-border payment providers to adopt and utilize Ripple technology. At the time AstroPay was the largest cross-border payments services provider in Latin America with more than 600,000 customers in seven countries conducting 5,000 unique transactions per day. The company went further into adoption by opening a gateway within the XRP Ledger called Ripple LatAtm, becoming the region's first licensed money service business to use Ripple for payment transactions.

https://www.astropay.com/

https://www.alfacashier.com/exchange/astropay/ripple

https://ripple.com/ripple_press/astropay-launches-first-latin-american-money-service-business-on-ripple-protocol/

https://ripple.com/insights/ripple-ecosystem-expands-to-7-countries-in-latin-america/

Ripple LatAm originally was offering it's services to the following countries, Brazil, Chile, Colombia, Mexico, Peru, Argentina, and Uruguay. So what is the tie in to dLocal? AstroPay, dLocal, and (at least one of the co-founders of dLocal) is the founder of Ripple LatAm (Andres Bzurovski). What is the significance of this relationship? Essentially the founders have used the XRP Ledger/xRapid in the past and the likely hood of them utilizing it again stands high considering the need of their clientele. (including Uber, goDaddy, etc.)

https://www.forbes.com/sites/rogeraitken/2017/06/23/chinas-alipay-unionpay-wechat-pay-join-latam-fintechs-digital-payments-platform-revolution/#d597ca63a71a

This integration between these Chinese parties and dLocal might also be explained by their ambitions to foster presence in the continent.

https://asia.nikkei.com/Business/Trends/Chinese-internet-giants-head-for-Latin-America?page=1

dLocal is also In the process of expanding as well, opening a office in New Delhi and planning to enter Morocco, Egypt, Nigeria and Southeast Asia.

(and just as a remainder, the NPCI is in charge of the UPI in India, the very same organization in talks with Ripple to use their technology for the ENTIRE payment system in India)

http://wwd.com/business-news/technology/cross-border-fintech-firm-dlocal-opens-new-delhi-office-launches-in-india-10965958/

https://www.elobservador.com.uy/uruguaya-dlocal-trabaja-junto-al-mit-conquistar-mercados-n1165564

The connection to MIT is rather interesting as well, as the number of MIT nodes within the network has significantly increased the past months. Regardless of the cause one thing is certain, for cross-border payments that are low valued, XRP is desirable for cost efficiency..............

EDIT:

It might explain why Ripple is looking for a project manager in LATAM

https://www.linkedin.com/jobs/view/project-manager%2C-latam-at-ripple-566636064

(there is much more to come :) .....)

This is the FUD that makes people stay away from Ripple.

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RippleLatam is long since deceased. 
Alfacashier is an russian-linked unaffiliated private exchange that has a collection of banking partners in certain jurisdiction. 

Seems like another ZipZap

Might want to add something about Astropay Direct and bitstamp :)

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46 minutes ago, Graine said:

RippleLatam is long since deceased. 
Alfacashier is an russian-linked unaffiliated private exchange that has a collection of banking partners in certain jurisdiction. 

Seems like another ZipZap

Might want to add something about Astropay Direct and bitstamp :)

It's not so much that Ripple LatAm will be used but more so on the fact that it's founders have set up a gateway in the past and have you used the XRP ledger transactions. If they did in an environment like two years ago why not possibly in the future considering the market is better. 

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