Ripple, a leading FinTech company that enables cross-border settlement, recently announced that the firm has expanded its operations to Brazil, the largest country in South America. The announcement also gave insight into the growth of its payment settlement network.
The official statement read,
“Ripple’s enterprise blockchain solutions enables a better user experience with more agility, transparency and lower cost for cross-border payments. Ripple, the global leader in enterprise blockchain solutions for cross-border payements, launches operations in Brazil to expand its footprint in South America.”
In addition to expansion news, the firm also announced the addition of a new member to the team. Luiz Antonio Sacco, former VP of Global Commercial Cards Brazil at American Express, has been appointed as the Managing Director of Brazil and South America for Ripple.
More so, the firm also stated that they have already added “more than a dozen Brazilian financial institutions and money transfer companies” to its global payments network, RippleNet. The payment network that surpassed 200 customers in January enables cross-border payment that settles within seconds and with low cost. The Brazilian network includes Santander Brazil, BeeTech, and Banco Rendimento.
The blog post stated,
“Ripple is experiencing dramatic growth, adding an average of two to three new financial institutions to RippleNet each week. The company saw more transactions on the network in Q1 ’19 than it did in all of 2018. In 2019, Ripple is focused on growing its customer base and team in Brazil, and across South America […]”
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Ripple’s XRP Ledger Dev Portal unveils updated version of WebSocket API Tool
Ripple XRP Ledger Dev Portal revealed an updated version of the WebSocket API Tool. The latest development in the Ripple ecosystem will enable users to directly communicate with rippled servers, which is responsible for powering the XRP Ledger Network.
An official post detailing the WebSocket update stated that the tool has been incorporated with unique functionalities to the existing tool structure. The “refreshed tool” which was launched as part of the recent site relaunch, allow users to choose which servers to connect, which will include public servers that Ripple operates, XRP Test Net servers or any server that the user locally runs on its computer. This feature is called Server Selector.
The refreshed tool provides options to connect to Ripple’s general-purpose public XRP Ledger servers, full-history public servers, Test Net servers, or to your own server running locally. This list can also change to provide more options in the future.
Another feature incorporated in the latest update is the new Permalink button. The button provides a link wherein users can use to share the current state of their inputs, which includes the request body and the selected server. The official post detailed that the Permalink feature is similar to other web tools such as JSFiddle or CodePen, which “provides a way to prepare a set of inputs and share it with others.”
Another feature is the curl Syntax Button, represented by “>_ ” icon. The button is designed to load a popup with the current inputs of the request box, which is converted into a JSON-RPC call which can be made with the curl utility.
To eliminate simple syntax errors, the upgraded tool has incorporated a feature called Error Highlighting, which as the name suggests, highlights lines with errors by placing red circled X marks.
The Message History Management will display all types of messages in one single stream, which maintains a history of the user’s previous calls until the page is closed or a different server is selected or the history is cleared by selecting the “Clear History” button. The blog further detailed,
“The amount of history the tool keeps at a time isn’t unlimited, which is another change from the previous version. By default, any time the tool receives a new message, it deletes any messages older than the most recent 50, though you can set this to be any amount you like.”
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