• Ripple sees solidarity and departures
    Regulation,  Ripple,  XRP

    Lawsuit looming, Ripple sees solidarity and departures

    As the impact of the Securities and Exchange Commission’s lawsuit hits some supporters are taking off, some are backing away, and some are offering support

    While Ripple has offered an aggressive response, promising to fight the enforcement action it calls “an assault on the entire American cryptocurrency industry and an assault on American innovation”—companies working with Ripple and XRP have had very different responses.

  • Ripple
    Ripple,  XRP

    Calling XRP a security, SEC is planning to sue Ripple

    The Securities and Exchange Commission told the international payments firm it will file suit in federal court by Thursday, Ripple said

    The SEC has long argued that most cryptocurrencies are securities and that selling them without following the terms of the Securities and Exchange Act of 1934 violates the law. Only Bitcoin and Ether have been declared non-securities.

  • Ripple Temenos power Flowbank
    Ripple

    Ripple partner Temenos to power Swiss digital investment bank FlowBank

    Swiss bank FlowBank will leverage RippleNet for settlements, thanks to its partnership with banking software firm Temenos

    FlowBank will offer online banking, trading services, credit cards and investment, all manageable through a mobile application and a dedicated trading platform. Now, through its partnership with Temenos, FlowBank will also leverage Ripple’s blockchain for its interbank settlements.

  • Ripple launches XRP loans
    Ripple

    Ripple launches XRP loans for customers

    Ripple’s new “Line of Credit” tool helps firms put working capital to use in multiple markets without arranging credit everywhere

    Ripple explains that many financial technology firms and small and medium enterprises do not have the capital and resources that are needed to grow in several markets—an issue the service is trying to solve. Right now, companies in such situations are forced to create credit arrangements for each partner in each destination market, and every arrangement adds overhead and management costs.