Creating a More Inclusive Financial System With Crypto

In the latest episode of Block Stars, Ripple CTO David Schwartz talks to Daniel Vogel, CEO and Co-Founder of Mexico’s leading crypto exchange, Bitso. Mexico’s economic uncertainty and volatile currency means that many Mexicans use US dollars to protect their assets. This is extremely difficult for the one-third of the country’s 125 million people who are unbanked, which explains why Mexico is now one of the world’s fastest-growing crypto markets. “The big power of crypto is the democratization of access,” says Daniel. “[In Mexico] if you don’t earn over a…

Monero: The Last Stand for Freedom

Monero: The Last Stand For Freedom

Monero: The Last Stand for Freedom Privacy currency Monero has been rallying recently, reaching a two year high of  $134.34 on October 13. It is the 15th largest digital coin by market capitalization at the time of writing. Let’s take a look at why we say Monero: The Last Stand For Freedom. The rally was seen in other privacy coins as well such as Zcash and Zcoin and comes in the wake of international demand for strong encryption. A recent joint statement by the US, UK, Australia, Canada, New Zealand,…

Blockchain in Payments Report 2020: From Adoption To Growth

For the third straight year, Ripple is excited to share its annual Blockchain in Payments Report—a comprehensive look into the fintech industry and blockchain’s increasing role in payments. This year’s report uncovered that not only is growth indeed possible for blockchain and digital assets initiatives, but that familiarity and positive sentiment continue to rise as well.  Across five global regions (North America, Europe, Middle East and Africa, Latin America and Asia Pacific), familiarity with blockchain and cryptocurrency ranges from a whopping 82%-94%. Meanwhile, positive sentiment in both continues to grow,…

Mercy Corps: Leveraging the Potential of Fintech To Accelerate Financial Inclusion in Emerging Markets

Among the founding ideas for Ripple is to expand global financial inclusion for everyone—not just those in wealthy nations. The existing financial system is antiquated, broken and poorly designed to serve the needs of those in emerging markets, which are too often overlooked by financial service providers. As the pandemic spurs an increasing shift toward digital payments, the number of those without access to affordable financial services is only growing. There is much at stake. Through Ripple Impact, Ripple partners with innovative NGOs, universities and industry partners to bring the…

Best Performing Cryptos 1H 2020

Best Performing Cryptocurrencies

Best Performing Cryptos The first half of 2020 saw the explosion of DeFi as users saw the potential of decentralized platforms for performing traditional financial transactions such as lending and borrowing, trading and holding assets in several forms while generating returns either through yield, trading fees, staking, interest or dividends. Let us take a look at the best performing cryptos of 1H 2020. Despite the market crash in March, several altcoins have rallied on the strength of the DeFi promise. While Bitcoin also rallied, the show clearly belonged to DeFi…

Fund Instant Cross-Border Payments With a Line of Credit From RippleNet

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP.  Limited access to working capital is one of the biggest barriers to growth for many companies. Unlike incumbents who have large balance sheets that allow them to scale their business quickly, many fintechs and small and medium-sized enterprises (SMEs) lack the capital and resources to compete. Faced with stalled growth, customers turn to creating bespoke…

Lemonway Leverages RippleNet To Unlock Faster Euro-To-Euro Payments

Marketplace businesses are expanding access to new global customers and consumer access to new products—allowing sellers to grow their business faster than ever before. Yet, while these platforms meet consumer’s requirements for simple and efficient purchases, today’s slow, complex global payment processing and settlement experience is unable to shoulder the needs of businesses in this growing industry. Together with our customers, we are changing this status quo. We are thrilled to announce a new partnership with Lemonway, the pan-European payment solution for online marketplaces. Through RippleNet, Lemonway is now connected…

Ripple’s Mission in Action | Ripple

Today’s economies are increasingly global. The advent of new technology has transformed the standardization, speed and cost of the transportation of goods and information exchange. Yet, financial services and the exchange of value remains unreliable, slow and expensive. Ripple is changing this status quo. Through our robust suite of products and services, we’re eliminating the friction inherent in our global financial system—enabling payments for everyone, everywhere.  To accelerate our efforts, we are appointing new executive leadership across the organization, building out our global engineering team to support our growing number…

Global Crypto and FinTech Energy Sustainability

The world is in the midst of a global climate crisis—one that is impossible to ignore. To avert the worst-case climate scenarios, countries around the world have committed to reach carbon net-zero by 2050. Addressing sustainability across all industries is a worldwide priority, and global finance is no exception.  The blockchain and digital asset industry will play a critical role in building a sustainable future for global finance. We, as an industry, need to come together to dramatically reduce our collective environmental impact as broad adoption takes hold. This is…

The Cryptocurrency Dilemma Is Here

The Crytocurrency Dilemma

World Governments Vs. The Decentralization Movement Digital currency, electronic currency, cyber currency, virtual commodity, virtual asset, cyber-token; these are some of the interestingly varied names that certain governments use to refer to what most know as cryptocurrency. This variation across jurisdictions can be said to be indicative of a great dilemma that many governments have with the notion of cryptocurrencies. Let’s discuss further The Cryptocurrency Dilemma that is coming to a head. The fast-growing crypto industry is now going through a critical phase in its development; a time which can…