Posted on

Media Industry: Ripple (XRP) At Ellen Degeneres Show With $4 Million Donation

Not the first time Ripple (XRP) will be donating huge amount into a noble course under charity, Ashton Kutcher and Ellen DeGeneres, a member of Ripple’s movement, at the a famous American television comedy talk show, ‘The Ellen DeGeneres Show’ declared that they will be giving out $4 million into Ellen DeGeneres’ Wildlife Fund.

“We wanted to show you that people are thinking about you [Ellen], so, on behalf of Ripple, we’d like to give you $4 million,” Kutcher said.

At the show, the grade-A actor, Ashton Kutcher, who is also a co-founder of A-Grade Investments, an investor at BitPay, also has an investment worth $90 million in Airbnb, and $60 million investment in Uber.

The actor who is an avid lover of Cryptocurrency, together with Ellen DeGeneres at the show earlier today mentioned that they will be donating into the wildlife which is located at Rwanda.

Highlighting the fact that he’s a stake in Ripple, the actor celebrated the proficiency of XRP.

While donating the fund, the venture capitalist, displayed the use case of Ripple in cross-border transaction at the show, using it to make instant transfer of the $4 million into Rwandan Francs.

“Now, usually people come out with a big giant check and do the ‘big giant cheque thing’, but we can transfer it into Rwandan Francs right now right here, and all you need to do is push this button,” Kutcher stated.

Ashton, relating his experience with Ellen, said they have been friends for years and she is fond of doing thing away from self-interest but for the masses.

Ellen, in her own statement, disclosed her appreciation to the entire team of Ripple, stating that she has a great love for the cryptocurrency and she’s encouraging others to imitate the action.

Meanwhile, the latest donation isn’t the first of its kind for Ripple, the Cryptocurrency, in March announced the donation of $29 million towards the enhancement of educational sector in the US. The 29 million was disbursed in XRP to an NGO in USA that aims towards improving education sector in the country.

Ripple’s participation at the show may soon have another interpretation in the cryptocurrency space i.e. that the altcoin is eyeing media industry, coupled with the fact that it recently staged a show where the great musician Snoog Dog entertained people.

Posted on

Coinone To Use Ripple (XRP) xCurrent For Remittance Across Asia

Korea’s Coinone Transfer has joined firms interested in using RippleNet, making the number of fintechs interested in the technology soared.

Coinone Transfer is a remittance firm and a subsidiary of Coinone. The firm will be using one of Ripple’s use case, xCurrent, a dependable blockchain idea purposely invented for cross-border payments and settlement. The move will make Coinone the first digital asset exchange deploying the power of RippleNet in the whole of South Korea.

A statement by Ripple indicates that Coinone, a leader in the digital asset industry in Korea, will deploy xCurrent starting from June to power the unveiling of a new remittance service branded as “Cross” purposely for Coinone Transfer to answer the yens of retail customers who clamour for faster and cheaper payments in South Asian enclave.

“Coinone customers will be able to send vital remittances home to family and friends in countries across Southeast Asia using Cross — all by powered by Ripple blockchain technology,”

Ripple said in a statement, added that “xCurrent allows for payments of any size to move quickly, transparently and at low cost across borders making it ideal for the volume and smaller size of remittance payments”.

“As one of the largest exchanges in the country, it handles over $97 million in transactions per day. The company also understands that underlying blockchain technology has further applications, particularly for cross-border payments.

Speaking on the development, Wonhee Shin, CEO of Coinone Transfer, “We are proud to be the first digital exchange in Korea to join RippleNet and implement Ripple’s xCurrent solution”.

“Ripple’s xCurrent solution will revolutionize the lives of our customers by providing them with a real-time, low-cost global remittance service.”

In the same line, Ripple has shown-off happiness, positing that with xCurrent, fintechs have the advantage to satisfy customers and ward off seemingly unavoidable problems for their customers.

“Non-traditional payments companies like Coinone Transfer, and their parent company, Coinone, are revolutionizing the way money moves for their customers,” said Emi Yoshikawa, director of joint venture partnerships at Ripple.

“We look forward to working with Coinone Transfer to implement xCurrent as the technology underpinning their new, state-of-the-art remittance service.”

Meanwhile, Coinone exchange is a member of DAYLI Financial Group, whose subsidiary, DAYLI Intelligence, signed a partnership agreement with SBI Ripple Asia around the last year end.

Posted on

Ripple (XRP) CEO Reveals Why The Coin Remains Atop

The CEO for Ripple has highlighted transparency in the ecosystem, along with the multiple production contracts, which the altcoin signed in the Q1 as a major factor that is really propelling the company, adding that Ripple signed “more than one production contract a week in Q1”.

At the ‘Ask Me Anything’ session which was anchored by Chief Market Strategist of Ripple, Cory Johnson, when the CEO of Ripple was asked about the highlights of Q1 for the company, Brad noted that the adoption of Ripple’s xCurrenct by Saudi Arabian Monetary Authority (SAMA), collaboration with other banks like Banco do Brasil (Banks of Brazil), Bank of England, and IndusInd India were major ones for the company in the Q1.

Having SAMA as a client of Ripple is undoubtedly a great accolade for the company, even though Brad earlier stated on a light note that hiring Cory Johnson was part of their highlight, while Cory replied saying: “certainly that was, for me.”

Ripple Transforming The Financial World.

As the section continues, Brad said the need for Ripple’s tool as a payment solution is rising on daily basis due to the lasting growth of global commerce as Ripple poses to be a God sent tool that is transforming the financial world from “analogue to digital in terms of cross border transactions.”

Over the last ten years, due to high capital needed for transactions, the number of banking relationships has dropped by 50%, and here is Ripple slashing the required fund for transfer to the lowest minimum.

Talking about the Santander-Ripple’s collaboration as also a top highlight, Brad said the release of One Pay FX App which allows Santander’s customers to make same day fund transfer to people in UK and Spain is also an exciting one for the company.

While Ripple helps to solve real problems for customers globally, its vision is to modify payment experience, by creating new and innovative payment corridor that helps to simplify transaction in all areas.

About xRapid and xVia:

Brad illustrated some terms about the Ripple tools as a major driver for the company. He said just as xRapid poses to crack down liquidity problems, it is piloting the affairs of 6 customers among which Western Union, Cambridge FX, and others.

Brad added that xVia is a Ripple tool with simple API interface that grants allows companies the ability to access numerous currencies and payment networks across the world with meager cost. He flagged that “Ripple remains the leader in real production enterprise de case for a bockchain technology”.

Posted on

Who Will Triumph, Ripple (XRP) Or Banks?

As cryptocurrency continues to show more proficiency and capability in making transaction easier for people, the world is gradually embracing the technology as a trusted means even though some are still skeptical about its credibility.

Owing to the gradual diffusion of blockchain technology, a network that records it transactions using distributed databases, math and cryptography, banks are beginning to embrace the technology as their co, whom they could partner with in gaining relevance in the world of financial transaction.

Then, some banks and financial bodies mused over the best cryptocurrency to marry, and they came to the final resolution that Ripple would serve them right. Banks and financial institution like Santander, Saudi Arabian Monetary Authority, MoneyGram, American express, and Canadian Imperial Bank of Commerce, among others have aired their collaborations with Ripple.

Despite the collaboration, partnership and perceived friendship between Ripple and banks, series of speculations that altcoin is becoming more of a threat to banks or banks are aiming to crush Ripple off the financial world has been rousing all over the space, with various analysts and observers giving out their opinions.

In a statement, the President and COO of Global Blockchain said “if big banks were to succeed in crushing one of these two currencies, Ripple would be it,”

In the same line, the CEO of J.P. Morgan Chase & Co., an American international banking system, Jamie Dimon, labeled digital currencies as “fraud,” and a “tulip bulb,”. Making us know that in the heart of high profile banker lies statements like “banks are prepared to crush down cryptocurrency”

However, the liable cryptocurrency that banks will surely want to crush is Ripple. According to Shidan Gouran, “Ripple is much more of a direct competitor to banks. Because it operates more like a transaction network than a currency”.

Also, Darren Marble, the CEO of CrowdfundX said, I believe Ripple offers a viable blockchain solution and an enormous amount of utility to banks.”

In the same direction, Marcus Schenck, co-head of corporate and investment banking at Deutsche Bank, in his opinion, said bank accounts would disappear in few years to come.

For me, going by Marble’s statement, I think banks are more in need of ripple than the otherwise, therefore, what will give them the capability or thought of crushing a technology that complements them and make them more viable in the financial industry?

A penny for your thought.