More good news for Ripple coming out of UAE's RAK Bank.
Source: https://www.cryptocoinsnews.com/uaes-rak-bank-partners-ripple-instant-blockchain-payments-india/
RAK Bank, a retail and business bank in the UAE has partnered blockchain startup Ripple to power instant cross-border payments to retail customers to India, the world’s largest remittance receiver.
The age of blockchain-powered, instant, low-cost bank remittances is slowly taking shape. RAK Bank, also known as the National Bank of Ras Al-Khaimah, an emirate in the UAE, is plugging into Ripple’s global bank-centric blockchain network RippleNet to enable live retail remittance payments to customers in Axis Bank in India. The private lender is India’s third-largest private bank and joined Ripple’s bank clientele earlier this year.
In a statement, RAK Bank chief executive Peter England said:
By using Ripple’s Blockchain solution to power international payments, our customers can now send money home easily and in real time. Joining the Ripple network is in line with not only our Blockchain strategy, but it also allows us to expand our remittance footprint.
According to a report by the Emirates News Agency, the UAE-based bank will launch ‘instant, frictionless and secure money transfer services’ through its RAKMOneyTransfer (RMT) to Axis bank customers based in India within ‘seconds and with end-to-end visibility’ of the entire process of the payment.
Axis Bank, a major private sector lender in India, partnered San Francisco-based Ripple in January this year. The bank began using Ripple’s blockchain for cross-border remittance rails after early pilots in late 2016.
Axis Bank’s president of transaction banking Himadri Chatterjee added:
While there have been significant innovations in domestic payments, cross border remittance has seen limited developments. Using APIs and distributed ledger technology, there is an opportunity to radically change the way international payments are handled.
RAK Bank joins a growing list of other regional banks and remittance houses tapping Ripple’s technology for cross-border payments. In February, the National bank of Abu Dhabi – the emirate’s largest bank – laid claim to the first retail financial institution in the Middle East to enable real-time remittance with blockchain technology for multiple corridors between the region and Asia. More recently, the UAE Exchange, one of the region’s largest remittance operators with a presence across 31 countries also announced a partnership with Ripple for real-time cross-border payments.
Topic: [XRP] Ripple Speculation - page 277. (Read 637292 times)
Ripple Appoints Former New York State Superintendent of Financial Services Benjamin Lawsky to Its Board and Ron Will as CFO
http://www.businesswire.com/news/home/20171121005269/en/Ripple-Appoints-New-York-State-Superintendent-Financial
-Ripple today announced the appointment of Benjamin Lawsky, the former New York superintendent of Financial Services, to its Board of Directors (BoD), as well as Ron Will as chief financial officer (CFO). Lawsky and Will will play central roles in Ripple’s mission to achieve frictionless cross-border payments through the increased use of the digital asset XRP by financial institutions around the world.
Benjamin Lawsky joins Ripple’s board with more than 20 years of experience in every branch of government, at both the federal and state levels. He is widely recognized as the architect of the BitLicense, New York’s industry-leading regulation for digital asset businesses operating in the state. Lawsky served as New York State’s superintendent of financial services from 2011-2015, where he regulated all New York State-chartered banks, the majority of United States-based branches, and U.S. subsidiaries of foreign banking institutions in New York.
A distinguished voice in both the cryptocurrency world and financial services, Lawsky also served as co-chair of Governor Andrew Cuomo’s Cyber Security Advisory Board after a tenure as the Governor’s chief of staff. He got his start as an assistant United States attorney in the Southern District of New York and as chief counsel to U.S. Senator Charles Schumer. Lawsky has also been a visiting scholar at Stanford University’s Cyber Initiative.
“Ripple is the leading enterprise blockchain company in the world today and is one that truly understands the importance of regulation-enabled innovation,” said Lawsky. “The company and its leadership are passionate about making our global financial system more efficient, more secure and more fair. I share those same goals and am thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
Ron Will joins Ripple’s management team following nearly three decades as a senior financial executive and investment banker. Will has successfully scaled both established and emerging companies and most recently served as CFO of TubeMogul, leading to their acquisition by Adobe this past year. Prior to TubeMogul, Will served as CFO, CCO and operating partner at the growth equity firm Mainsail Partners, where his duties included guiding strategic and financial planning for the firm and its portfolio companies. Earlier, Will served as CFO at BrightRoll from 2011-2015, until it was also successfully acquired by Yahoo!.
Will previously served as vice president of finance and treasurer of Yahoo! for seven years, working with many leading technology and financial pioneers including current San Francisco 49ers' co-owner and former Facebook and YouTube CFO, Gideon Yu. Will also spent 12 years as an investment banker.
“Throughout my career, I’ve been most excited when working with hyper-growth companies, and as Ripple keeps bringing on customers like American Express and over 100 other financial institutions, it’s clear that this is one of those rare opportunities,” says Will. “The problem that Ripple is solving around cross-border payments is something that I understand the pain of first-hand as treasurer at Yahoo!, and I know that corporate customers are going to keep driving demand for this much-needed overhaul of the payments system.”
Commenting on the appointments, CEO Brad Garlinghouse said, “Transforming global payments is no small feat and I couldn’t be more thrilled to have the expertise of Ben Lawsky and Ron Will on our side to help make that mission a reality. Ben deeply understands the nuances of both digital assets and financial regulation, and I’ve seen Ron’s tenacity and ability to scale and execute like none other while we both worked at Yahoo!. Both Ben and Ron’s skillsets will be instrumental as we look to capitalize on the interest and opportunity around blockchain, XRP and the impact they will have on payments in 2018 and beyond.”
http://www.businesswire.com/news/home/20171121005269/en/Ripple-Appoints-New-York-State-Superintendent-Financial
-Ripple today announced the appointment of Benjamin Lawsky, the former New York superintendent of Financial Services, to its Board of Directors (BoD), as well as Ron Will as chief financial officer (CFO). Lawsky and Will will play central roles in Ripple’s mission to achieve frictionless cross-border payments through the increased use of the digital asset XRP by financial institutions around the world.
Benjamin Lawsky joins Ripple’s board with more than 20 years of experience in every branch of government, at both the federal and state levels. He is widely recognized as the architect of the BitLicense, New York’s industry-leading regulation for digital asset businesses operating in the state. Lawsky served as New York State’s superintendent of financial services from 2011-2015, where he regulated all New York State-chartered banks, the majority of United States-based branches, and U.S. subsidiaries of foreign banking institutions in New York.
A distinguished voice in both the cryptocurrency world and financial services, Lawsky also served as co-chair of Governor Andrew Cuomo’s Cyber Security Advisory Board after a tenure as the Governor’s chief of staff. He got his start as an assistant United States attorney in the Southern District of New York and as chief counsel to U.S. Senator Charles Schumer. Lawsky has also been a visiting scholar at Stanford University’s Cyber Initiative.
“Ripple is the leading enterprise blockchain company in the world today and is one that truly understands the importance of regulation-enabled innovation,” said Lawsky. “The company and its leadership are passionate about making our global financial system more efficient, more secure and more fair. I share those same goals and am thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
Ron Will joins Ripple’s management team following nearly three decades as a senior financial executive and investment banker. Will has successfully scaled both established and emerging companies and most recently served as CFO of TubeMogul, leading to their acquisition by Adobe this past year. Prior to TubeMogul, Will served as CFO, CCO and operating partner at the growth equity firm Mainsail Partners, where his duties included guiding strategic and financial planning for the firm and its portfolio companies. Earlier, Will served as CFO at BrightRoll from 2011-2015, until it was also successfully acquired by Yahoo!.
Will previously served as vice president of finance and treasurer of Yahoo! for seven years, working with many leading technology and financial pioneers including current San Francisco 49ers' co-owner and former Facebook and YouTube CFO, Gideon Yu. Will also spent 12 years as an investment banker.
“Throughout my career, I’ve been most excited when working with hyper-growth companies, and as Ripple keeps bringing on customers like American Express and over 100 other financial institutions, it’s clear that this is one of those rare opportunities,” says Will. “The problem that Ripple is solving around cross-border payments is something that I understand the pain of first-hand as treasurer at Yahoo!, and I know that corporate customers are going to keep driving demand for this much-needed overhaul of the payments system.”
Commenting on the appointments, CEO Brad Garlinghouse said, “Transforming global payments is no small feat and I couldn’t be more thrilled to have the expertise of Ben Lawsky and Ron Will on our side to help make that mission a reality. Ben deeply understands the nuances of both digital assets and financial regulation, and I’ve seen Ron’s tenacity and ability to scale and execute like none other while we both worked at Yahoo!. Both Ben and Ron’s skillsets will be instrumental as we look to capitalize on the interest and opportunity around blockchain, XRP and the impact they will have on payments in 2018 and beyond.”
Secure your seat belts pls!
Just hold Ripple for the next 10 Years and you will be happy. I dont think that you can expect any Short term winnings. Other Coins are way more Profitable in short Term. But if you hold it on very long Term you will be a very rich motherfucker, especially to that time, when all ripples are on the Free market ^^ by that time ripple will be used as a standard for banking activities
Hope it work! I sent all XRP to ledger nano s already. Let check price again each 4 months.
yeah i did the same, i`ve sent my ripple to the ledger nano s and now i`m waiting for better times...
Just hold Ripple for the next 10 Years and you will be happy. I dont think that you can expect any Short term winnings. Other Coins are way more Profitable in short Term. But if you hold it on very long Term you will be a very rich motherfucker, especially to that time, when all ripples are on the Free market ^^ by that time ripple will be used as a standard for banking activities
Hope it work! I sent all XRP to ledger nano s already. Let check price again each 4 months.
Just hold Ripple for the next 10 Years and you will be happy. I dont think that you can expect any Short term winnings. Other Coins are way more Profitable in short Term. But if you hold it on very long Term you will be a very rich motherfucker, especially to that time, when all ripples are on the Free market ^^ by that time ripple will be used as a standard for banking activities
http://www.bankingtech.com/1076942/standard-chartered-and-axis-bank-launch-cross-border-payments-via-ripple/
This offering is now commercially available between Standard Chartered (Singapore) and Axis Bank India, and, accessible through Standard Chartered’s corporate digital banking platform, Straight2Bank.
Himadri Chatterjee, president, transaction banking, Axis Bank, says by using APIs and DLT there is an “opportunity to radically change the way international payments are handled”.
Wow this doesnt stop at all...
A few weeks more and we will see StateBankofIndia trough NPCI
This offering is now commercially available between Standard Chartered (Singapore) and Axis Bank India, and, accessible through Standard Chartered’s corporate digital banking platform, Straight2Bank.
Himadri Chatterjee, president, transaction banking, Axis Bank, says by using APIs and DLT there is an “opportunity to radically change the way international payments are handled”.
Wow this doesnt stop at all...
A few weeks more and we will see StateBankofIndia trough NPCI
I have serious doubt however xrp find always new way to disappoint youif this take of at the end of the year it would really be a dream.
https://www.econotimes.com/UAE-based-RAKBANK-powers-instant-payments-to-India-using-Ripples-blockchain-network-1022287
Emirates and India... wait isnt India anti crypto? It is but they love Ripple. Only a matter of time till
#xrpthestandard
Emirates and India... wait isnt India anti crypto? It is but they love Ripple. Only a matter of time till
#xrpthestandard
when btc was 4000 usd the price of xrp was 20 cents. and now btc is 8000 usd and xrp 25 cents. so as an investor in xrp i lost money. becouse a fair price it is 40 cents. so is better to stay in btc. but for long term maybe xrp will bring more money . we will see.
The point is actually, that BTC is used by many investeors to transfair their money out of China via smartfone.
We will see how China will react on that ...
I am very surprised that the AMEX deal hasn't pushed the price to increase much higher!
Anyone know why?
Anyone know why?
Ripple rose from ~0.207 $ up to ~0.275 $, so ~33% in a hour on 16th November 2017.
Then quite a lot early investors took their profits.
We are used that crypto´s rise like hell in minutes, after great news are released.
This stage is done for Ripple.
We have to watch Ripple like a stock-share in future, because it´s established now.
The next crazy break-up-boom will come, when china allows the use of Ripple for their banking-system.
After we´ll see X>10$.
If the first insurances and stock-exchanges will join, than it becomes realy interesting.... X>100 (than trillions of Dollars are in...)
I suppose that Ripple is becoming the fudament for a new "FED"/Bretten Wood system of Crypto´s...
https://en.wikipedia.org/wiki/Bretton_Woods_system
I am very surprised that the AMEX deal hasn't pushed the price to increase much higher!
Anyone know why?
Anyone know why?
Wow ripple did really some good work. The regulartors are coming on board now!
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
really nice! Whats coming next? i wait for a consumer usecase like XRP for Apple Pay
I wouldn't count on it any time soon, their business model is focused on financial institutions, not consumers.
not hard to earn some free ripple @ https://www.earncrypto.com/earn-free-ripple/?r=98182
Wow ripple did really some good work. The regulartors are coming on board now!
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
really nice! Whats coming next? i wait for a consumer usecase like XRP for Apple Pay
i think XRP still busy to update Ripple's team might be someday XRP will pump but people already frustrated regarding about huge pump of xrp but it might be marketing tactic to keep investor busy with trading Ripple !
but no one can really tell if it will pump up !
Thanks
Regards
Wow ripple did really some good work. The regulartors are coming on board now!
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
really nice! Whats coming next? i wait for a consumer usecase like XRP for Apple Pay
"Better than any blockchain" my ass
Not that this is huge news, but Ripple was also featured in a recent BrightTalk webinar. https://summits.brighttalk.com/webinar/the-future-is-here-blockchain-and-digital-assets-drive-change/
If you're not familiar with BrightTalk, they're one of the preeminent business insights platforms, heavily used by fortune 500 companies.
If you're not familiar with BrightTalk, they're one of the preeminent business insights platforms, heavily used by fortune 500 companies.
Wow ripple did really some good work. The regulartors are coming on board now!
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
"As Ripple’s newest board member, Lawsky will play an integral role in helping financial institutions adopt XRP for institutional use, which in turn removes the friction from global payments.
“Ripple and its leadership are passionate about making our global financial system more efficient, more secure and more fair,” said Lawsky.
“I share those same goals and I’m thrilled and humbled to work side by side with their incredible team as they continue to pave the way for the growth and accelerating adoption of blockchain and digital assets in the years ahead.”
I already sent all my XRP to ledger wallet, so let check the price again in next Feb.
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