Connect with us

Ripple

Ripple partners with Ria Financial Services to “pump up” cross border trading

Arijit Sarkar

Published

on

Ripple partners with Ria Financial Services to "pump up" cross border trading
Credits: Pixabay

Ripple has dominated the cryptospace owing to its numerous collaborations, with the latest announcement being its participation in the Saudi British Bank’s (SABB) initiative for Instant Cross-Border Payment Service. At the recent Euronet conference call, Michael J. Brown, Chairman, CEO and President, announced to the world, yet another partnership that will excite the Ripple ecosystem. The partnership is between Ria Financial Services and Ripple.

The collaboration between the two companies is aimed at increasing the physical and digital footprint of Ripple, while allowing Ria’s customers to “connect and transact with Ripple’s network of more than 200 financial institutions worldwide.”

The information was first brought to light by Twitter user, @ANT159694954, who quoted a statement made by Brown,



“We signed an agreement with Ripple that gives a Ripple access to Ria’s global physical and digital footprint, also allowing Ria’s customers to connect and transact with Ripple’s network which includes more than 200 financial institutions worldwide”

Several users on Twitter  received this news with great enthusiasm. @EasycareLndscpe replied to the post, saying,

“THIS IS HUGE!!!!!!!!!!!!!! HERE WE GO!”

While the Euronet C-suite disclosed no further information regarding the tie-up, Brown openly invited similar players in the market to join them in order to “gain mutual benefit and improve margins.”





Subscribe to AMBCrypto’s Newsletter


Altcoins

Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more

Febin Jose

Published

on

Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more

Daily Crypto News – May 18

1) XRP-backed stablecoin: Kava Labs is developing a stablecoin, USDX, backed by XRP on a Cosmos Zone, which dynamically maintains stability to USD with decentralized mechanisms.

Read more at https://bit.ly/2HE7xAv

2) BitMEX insurance funds: While some panicked when Bitcoin crashed suddenly, others remained calm and assessed the situation. It was noticed that there was a huge sell order on Bitstamp, which pushed the price of Bitcoin by ~20% in a few minutes.

Read more at https://bit.ly/2VNgUaK

3) USDC do not exceed balance of US dollars: News revolving around the USD Coin [USDC] had taken a negative connotation when Coinbase CEO Brian Armstrong was called out for shilling the cryptocurrency. As a way to put any fears or speculations to bed, Grant Thornton LLP, an independent accounting firm released the latest attestation report on US dollar reserves backing USDC.

Read more at https://bit.ly/2Ej5dxM

4) SatoshiPay launches Solar Wallet: SatoshiPay has been working closely and designing micro-payment apps for the Stellar Network. Earlier this year, the micro-payment solution company launched ‘Solar wallet’, a stellar network-based and user-friendly desktop wallet. The Solar Wallet has proved to be user-friendly and easy-to-use and can securely manage funds.

Read more at https://bit.ly/2HrJ6HH

5) Blockstream CSO on Bitcoin: Samson Mow, Blockstream’s Chief Strategy Officer appeared in the latest Keiser Report discussion featuring Max Keiser. Talking about the satellite, Mow said that the purpose of Blockstream satellite was to provide redundancy for the Bitcoin [BTC] network.

Read more at https://bit.ly/2VvuQkY

6) HitBTC is insolvent, claim customers: According to a series of tweets by CryptoMedication, from Zerononcense, cryptocurrency analytics and research firm, the exchange is “insolvent”. The Twitter handler exclaimed his surprise that the exchange was “still in operation” as they had only 350,000 BTCs after their liquidation.

Read more at https://bit.ly/2JtlOTK



7) Weiss Ratings on Bitcoin’s price movement: Weiss Ratings, the crypto-specific rankings company, which, at times has rubbed the cryptocurrency industry the wrong way on predictions, suggested an absence of “manipulation” and termed the fiasco as a “normal market correction”.

Read more at https://bit.ly/2JrYtlE





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending