Rental Car Deals

We work with all the leading car hire brands in USA or your destination or region.

We guarantee your car will be from one of the major car rental suppliers. You make a great saving because you agree that we’ll confirm with which rental agency once you’ve booked.

From a Smart car or Ford Ka to a Mercedes Benz SLK, we have the rental car that you want for your business or holiday rental…

See for more…

The Season for Giving: Auctioning Off Ripple-Branded Patagonia Jackets for Charity

We’re auctioning off 16 Ripple-branded Patagonia jackets — 100 percent of the proceeds will go to GiveDirectly.

We’ve received a lot of interest in the Ripple-branded Patagonia jacket Ripple CEO Brad Garlinghouse sported on his end-of-year “Ask Me Anything.”

Since it’s the season for giving (and for XRP!), we’re auctioning off 16 jackets for charity.

We’ll donate 100 percent of the auction proceeds to and we’ll match donations one-to-one. What’s more, we’ll make the donation in XRP — the world’s best digital asset for payments.

Backed by GiveWell and, GiveDirectly puts donations into the hands of extremely poor families in the developing world in the most capital efficient way currently possible.

The jackets will go to the 16 highest bidders. Ripple will cover the domestic and international shipping and handling costs.

You can view and bid on the listings here:

Women’s Small: itm/122881674145
Women’s Small: itm/122881664467

Women’s Medium: itm/122881668749
Women’s Medium: itm/122881669251

Women’s Large: itm/122881666818
Women’s Large: itm/122881668044

Women’s XL: 122881665540
Women’s XL: 122881665881

Men’s Small: itm/122881672580
Men’s Small: itm/122881673084

Men’s Medium: itm/122881671515
Men’s Medium: itm/122881671979

Men’s Large: itm/122881670247
Men’s Large: itm/122881671108

Men’s XL: 122881669700
Men’s XL: 122881665020

The post The Season for Giving: Auctioning Off Ripple-Branded Patagonia Jackets for Charity appeared first on Ripple.

Enjoyed this post? Share it!


Ripple XRP Now Available on 50 Exchanges Worldwide

We’re proud to announce that XRP has gone from being listed on six exchanges earlier this year to more than 50 worldwide.

The digital asset market is heating up. Many new assets entered the space touting to be better and faster for settling payments. Worldwide interest surged, which boosted the collective market cap from $93.3 billion in August 2017 to just under $600 billion by mid-December 2017 — an increase of 543 percent in just four months.

However, despite continued rise of digital assets, XRP remains the fastest and most scalable asset on the market.

The market is taking notice of XRP’s speed, reliability and scalability — which has strengthened the demand for XRP and where it’s listed. In fact, we’re proud to announce that XRP has gone from being listed on six exchanges earlier this year to more than 50 worldwide.

The increased demand for XRP speaks to the market’s understanding of the need for a fast and scalable asset that serves as a reliable liquidity tool for financial institutions through the product xRapid.

To serve that role in cross-border flows, XRP needs deep liquidity across fiat currencies. In support of that goal and healthy XRP markets, it’s a top priority for Ripple to have XRP listed on top digital asset exchanges, making it broadly accessible worldwide. Ripple has dedicated resources to the initiative so you can expect ongoing progress.

XRP’s widening footprint in major markets

In addition to our current listings, expansion into the following global exchanges makes it possible for Ripple to better serve growing demand for XRP. It also reinforces that XRP is the digital asset that can truly modernize the global payments systems.

XRP is now available on the following exchanges:

  • CEX.IO  —  One of the largest exchanges in the United Kingdom with an average daily total trade volume of $94 million.
  • GMOCoin — The leading exchange in Japan.
  • — A major exchange in Singapore with an average daily total trade volume of $787 million.

XRP is the leading digital asset to remove friction from global payments

XRP’s long-term value is determined by its utility — including its ability to help financial institutions source liquidity for payments into and out of emerging markets. In fact, financial institutions have already begun to use XRP as a liquidity tool, reducing the cost of sending cross-border payments.

“The market recognizes that XRP is the fastest, most scalable digital asset for global payments that can also provide liquidity to financial institutions,” said Patrick Griffin, SVP of business development for Ripple.

“What’s more, being listed on more than 50 exchanges will not only make this asset more available globally but also further the Internet of Value, which will enable the world to move money as easily as information moves today.”

Ready to learn more? Visit our XRP page.

The post XRP Now Available on 50 Exchanges Worldwide appeared first on Ripple.

Enjoyed this post? Share it!


Happy 5th Anniversary, XRP Ledger!

Since 2012, XRP has been the only digital asset with a clear institutional use case by working to solve the multi-trillion dollar liquidity problem that plagues banks, payment providers and corporates worldwide.

Ripple has had a lot to celebrate over the last year!

From adding new RippleNet members, to launching our first blockchain conference, to completing the escrow of 55 billion XRP, it’s clear that the team’s hard work to enable the Internet of Value (IoV), coupled with the XRP community’s support, is paying off.

In fact, XRP has experienced phenomenal growth — up nearly 12,000 percent — from December 2016 to December 2017. This makes XRP’s performance better than any other digital asset in the industry in 2017.

But just as the year is coming to a close, there’s one more reason for the Ripple team and the XRP community to celebrate — the five year anniversary of the XRP Ledger.

XRP sets the standard from the start

Since 2012, XRP has been considered the only digital asset with a clear institutional use case that works to solve the multi-trillion dollar liquidity problem that plagues banks, payment providers and corporates.

For example, XRP can provide liquidity to financial institutions who need to send cross-border payments — presenting a greater opportunity for these institutions to widen their footprint in major corridors or gain more access to emerging markets.

Cuallix, a major payment provider, is the first RippleNet member to use xRapid — Ripple’s solution that uses XRP to source liquidity — to reduce the cost of sending cross-border payments and remittances from the U.S. to Mexico.

The XRP Ledger, the digital asset’s underlying distributed ledger technology, is the key reason why XRP steadily led the pack of digital assets by being the fastest, most cost-effective, scalable digital asset for payments, which helps advance its goal —  enabling IoV.

IoV is the belief that money should move in the same fashion as digital information moves today — in real time.

In order to deliver on this vision, Ripple continues to support the development and adoption of  the XRP Ledger to ensure that XRP remains the fastest, most scalable digital asset on the market.

Additionally, the digital asset market is seeing more demand for XRP which speaks to consumers’ understanding that XRP is the best digital asset to remove the friction from global payments.

Ripple pledges to increase XRP usage

The Ripple team is committed to furthering the adoption and usage of XRP for payments. In fact, we continuously work with regulators, governments and central banks to better understand how our technology can help remove the friction from cross-border payments.

And, as more digital assets flood the market, the value of digital assets will be determined by their utility and the problem they solve for their users.

Since XRP, has continually provided a strong use case and is undisputed in its technological achievements, it makes sense that the market would take notice — prompting a surge in XRP’s value.

What’s more, XRP is now available to more than 50 exchanges worldwide to better serve the global demand for the digital asset.

It has been a phenomenal five years, and the Ripple team is appreciative of the community’s support. We can’t wait to see what the future years will bring!

Watch our live Q&A with David Schwarz today. As Brad Garlinghouse said in his livestream, “David Schwartz is the Steph Curry of cryptography.”

Enjoyed this post? Share it!


Exploring Innovation in Payment System Infrastructures

Ripple, are focused on engaging with commercial banks to implement production-grade enterprise systems — using DLT — to support cross-border payments.

While the market has been focused on the bitcoin frenzy and commercial banks continue their migration onto enterprise-grade platforms, such as RippleNet, another revolution has quietly bubbled up around Distributed Ledger Technology (DLT).

Central banks and financial market infrastructures, key stakeholders in the global payments system, have ramped up their engagement with technology providers to explore how they can leverage DLT.

The Monetary Authority of Singapore (MAS) is front and center in this space, announcing the second phase of their Project UBIN at their fintech event in November 2017.

Additionally, the Australian Stock Exchange has capped off two years of experimentation to declare the adoption of DLT to replace their legacy CHESS securities clearing and settlement platform.

So what’s Ripple doing to help?

Ripple is leading the sea change in payments

At Ripple, we’re focused on engaging with commercial banks to implement production-grade enterprise systems — using DLT — to support cross-border payments. In fact, we recently celebrated a significant milestone — we added the 100th client to RippleNet. What’s more, banks like Siam Commercial in Thailand, Standard Chartered in Singapore, Axis in India and Rakbank in the UAE are already sending and receiving payments in commercial volumes. In Japan, 61 members of the Japan Bank Consortium are in pre-production stage on a hosted Ripple platform.

The Ripple xCurrent product — a solution that allows banks to settle cross-border payments with end-to-end tracking instantly — is now enterprise-tested. Also, the public XRP Ledger, operating since late 2013, successfully completed 35 million ledger updates without failure and offered throughput of 1,500 transactions per second.

The Bank of England has concluded a successful project to send transactions between two RTGS systems using Ripple.

Additionally, Ripple’s Regulatory Affairs team has engaged central banks across the world to assess the implications of DLT for their economies, most recently via a Central Bank Summit that attracted over 30 delegates to New York City in October 2017.

Driving infrastructure innovation

Ripple is now taking the next logical step to help build the Internet of Value, by establishing an Infrastructure Innovation initiative. We’ll offer our technology products and deep expertise in both payment systems and DLT to enable central banks and market infrastructures to innovate on their own digital journey.  We can provide proven building blocks for both regulators and commercial banks to pilot real-world solutions in collaboration with the Ripple team. We’re excited about the possibilities for innovation — to create regional networks, to reduce the systemic costs of payments, to open up networks to new participants while managing risks tightly with more granular information and smart automation.

Ripple’s Infrastructure Innovation team will be led by Dilip Rao, a veteran at Ripple since July 2014. Rao has led the business development in the APAC/MENA region and worked closely with banks as well as central banks and market infrastructures.  He has over 30 years of experience working with banking technology and innovation in payments and understands Ripple’s solutions well.

As our new Global Head, Infrastructure Innovation, Rao will engage with known and new stakeholders responsible for the world’s payment infrastructure, bringing a consulting mindset to explore new concepts with the backing of Ripple’s technologists.

“My first priority will be piloting interoperability between payment systems, the use of DLT for domestic clearing and settlement and novel applications of xCurrent as well as our digital asset XRP,” said Rao. “I look forward to exciting new initiatives in building the Internet of Value in 2018!”

Ripple invites central banks and financial market infrastructure leaders to reach out and work with Ripple on these new frontiers.

Enjoyed this post? Share it!


Krungsri Collaborates with Petrochemical Company to Expedite Cross-border Payments and Retain Customers

By using Ripple’s blockchain network, Krungsri is not only able to provide a real-time cross-border payment flow for the petrochemical company, but also provide complete transparency into when the payment would be received.

Bank customers — both consumers and businesses — have spoken and they demand a faster way to send money globally.

Krungsri (Bank of Ayudhya PCL), one of the largest banks in Thailand, heard the call, and in an effort to better serve their customers, they joined RippleNet to remove the friction from cross-border payments.

In fact, Krungsri now uses Ripple’s enterprise blockchain network to help a large Southeast Asian petrochemical company, send real-time cross-border payments to its foreign customers — a first for financial institutions in the Thai region.

Breaking with the status quo for the good of the customer

The collaboration between Krungsri and the large petrochemical company was born from a common pain point for most corporates: Customers were dissatisfied with the lack of speed and visibility into cross-border payments.

When the company attempted to send payments to their partners it would take several days to complete the transaction.

What’s more, neither the sender nor the receiver had visibility into the status of the payment — which was very frustrating for the petrochemical company’s customers.

If the company continued to use the typical, slow, opaque payments process, then they risked losing valuable foreign partners, which would be detrimental to their bottom line.

That’s when Krungsri stepped in to help their long-time customer.

Krungsri President and Chief Executive Officer Mr. Noriaki Goto said, “We have gained trust from the large petrochemical company, our long-time major business partner, to deploy RippleNet for the money transfer between the company and its overseas trading partners.”

RippleNet-enabled Krungsri provides innovative solution to client

By using Ripple’s blockchain network, Krungsri is not only able to provide a real-time cross-border payment flow for the petrochemical company, but also provide complete transparency into when the payment would be received.

“The transactions were successfully completed within a few seconds versus at least one to three business days under the previous system. This reflects the innovative strength of Ripple’s technology that will drive the Thai business sector towards faster expansion,” added Mr. Goto.

The success of the large petrochemical company’s deployment marked a significant change in the financial landscape for Krungsri, who will continue to reap the benefits from using RippleNet’s blockchain network.

As a subsidiary of Mitsubishi UFJ Financial Group (MUFG) — Japan’s largest financial group and one of the world’s five largest financial institutions, with more than 2,000 branches in over 50 countries — Krungsri is positioned to provide instant global payments to service their corporate customers’ needs.

“Using RippleNet will be a catalyst to use additional financial innovations to deliver real-time cross-border payments for other business partners,” concluded Mr. Goto.

Learn how Ripple has helped other corporate modernize global payments.

Enjoyed this post? Share it!


XRP: Poised to Become Digital Gold

The anticipation is tactile, like a drop in air pressure before a thunderstorm.

Will XRP Ripple take over all of crypto in 2018?  We’ve re-taken our #3 spot multiple times now, and let’s be honest, it was never about the #3 spot.  It’s about the coveted #1 spot in crypto.

Right now, Bitcoin – the crypto-currency that was the “first mover” in crypto – is considered the most well-known crypto, and that’s understandable.  It was the first, and the famed Satoshi Nakamoto whitepaper was all about Bitcoin.1 It serves to be nothing more than it ever was – a decentralized, no-counter-party risk virtual currency.  It’s an innovation that has been rewarded with massive investment by speculators.

Each day, over ten billion dollars worth of value now flows back and forth between buyers and sellers of Bitcoin worldwide.2  Compare this to XRP’s new average of one billion per day; it puts matters in perspective, and it also illuminates our path and shows us our current location.

XRP Liquidity

XRP liquidity is rising every day and week;  one billion dollars in daily volume is exactly where Bitcoin was back on May 21, 2017.3 At that point, Bitcoin was averaging around one billion dollars per day in trading.  Note that I’m quoting a point in time less than six months ago.jaw_drop

Cue the jaw-drop.

If you’re not amazed by that growth, you should be.  That means that Bitcoin volume has been multiplied by ten, and XRP volume by approximately the same percentage.

This is great news for the main use case of XRP – as a replacement for Nostro accounts.  There is now enough volume in XRP each day to move large value through the network without causing volatility.  We – the collective we including Ripple – were waiting for this point.  Before we reached our current levels of volume, the production use case for xRapid and Cuallix focused on micropayments.4

No more.

XRP has now reached a level of liquidity that exists only among the major global players; Somebody could buy a house with XRP and not even see the price rise or fall by a fraction of a cent.  That’s the kind of liquidity we wanted, and now it’s here.

Ripple’s Plans

If there was any doubt from the XRP fan base about Ripple – the company – understanding the importance of promoting their coin, it can be dismissed.

After the initial April-May rally, and then the subsequent ROTG (Rally of the Gods) in December, there is very little in the way of room for self-doubt in the importance of coin promotion.  To the XRP fan base: I’m not talking about marketing it to banks.

I’m talking about marketing XRP to you and me.

Don’t get me wrong – historically, some team members of Ripple understood that for liquidity to build, it needed to be built with ordinary investors in crypto.  This is true regardless of how much the actual production usage of that crypto is palatable to banking customers – some of the most conservative customers in the world.regulations

Yes, I understand that the sensibilities of banking customers are delicate.  Banks & Financial Institutions do not like provoking the ire of regulators.  Because of this, Ripple has been cautious since its inception in 2012, in dealing directly with those of us “first adopter” investors.

And then 2017 happened.

The power of the crypto markets is undeniable now, and its influence is growing rapidly.  At first, the crypto market was a funny anecdote for some financial analysts, and it’s still mocked by comedians in various media.5 But it still hasn’t hit its stride.  Here is where the crypto market capitalization numbers are heading.  Note the the slope of the curve has become almost a 90′ angle: 6


After SWELL, Ripple decided to hire a communications expert.  This is the sign of a growing organization that understands the importance of its public image not just with its main customers like banks and financial institutions, but also with a different but equally important audience – crypto investors.

Tom Channick

Ripple hired Tom Channick for this role.  His resume is most recently thick with experience at Facebook, where he served as Communications Manager for the

Tom Channick, Ripple Head of Communications
Tom Channick, Ripple Head of Communications

Advertising and Business Integrity Unit.7

I am very excited by this hire.

Ripple chose a person that has experience in high-profile communications; somebody who understands the importance and potential impact of choosing the correct words and approach for communication.  While other industries no doubt have strong candidates, I’m very pleased this person was a hire from a powerful social media conglomerate like Facebook.  It’s exactly the kind of experience that Ripple needs to promote XRP to two completely different audiences.

Ripple is Supporting the XRP Community

Some of the XRP veterans may remember when Ripple had a very limited number of employees, free time, and financial resources.  Those were the “old days” when Ripple had to make very difficult choices on where to invest their time and money, and it seemed – regardless of the reality – that Ripple was more focused on carefully managing their image in front of their conservative banking clientele.

I didn’t blame them for devoting a small percentage of their time to the community.  In fact, I’ll go a step further; they made the right choices.  They made all the right moves when it really counted – when they were building the core capabilities that is the basis of the XRP Ledger and the components that collectively comprise the nuts and bolts of RippleNet.  Unlike some companies that create ICOs, Ripple understands the importance of actually building a product before marketing it.

In 2017, they’ve transformed into “Ripple 2.0”, and it seems clear to me now that they understand that they have two very different, but equally important audiences:  Bank customers and crypto customers.Miguel_Vias

In my opinion, this understanding started to be evident in 2016 with the hiring of Miguel Vias from CME Group.8  That was an incredible hire, and Miguel is one of the most popular icons in crypto a year later.  His presence on stage in May 2017 at Consensus was great publicity for XRP.

After the SWELL conference in October, Miguel has continued to build on XRP liquidity by meeting with XRP investors – at XRP meetups in Seoul and Tokyo.9 10 This sent a message to the crypto markets:  Ripple understands the importance and potential of the (retail) crypto market, and is working diligently to raise the profile of XRP.

And let’s not forget about Brad Garlinghouse and Joel Katz.  Both held Quora sessions11 12 and interviews, as well as live-streams,13 directly with the crypto market audience – not the banking community.  This hammered the message home if there was any doubt that Ripple is acknowledging the importance of the crypto market.

These events were, in retrospect, exactly what the market needed to hear.  All I can say is…  thank you… and more of the same, guys.  And congratulations on a strategy well-executed.

Announcements Incoming Before Year-End?

In case you missed it, a rumor of two “household names” was started by none other than our JoelKatz (a.k.a. Ripple Chief Cryptographer David Schwartz) on Discord about a week ago.14  Since then, speculation has been rampant about which names Ripple was going to announce.  Some XRP investors want a consumer application to be one of the partners.  Still others are dropping the names of major banks.  Others are surmising social media companies might be involved.

All we know for sure is that Ripple indicated that they would make the announcement prior to year-end, in the Quarter 3 XRP markets report.15 Here is the quote from Miguel Vias:

“Our Cuallix announcement was a clear indication of significant progress, but it’s just the beginning. In the fourth quarter, we’ll announce additional xRapid partnerships, an innovative approach to using XRP to further Ripple Network adoption, and new ways XRP will drive broad development of the digital asset space.”

That’s right – additional xRapid partnerships.  Since there’s only a couple weeks left in 2017, it will be interesting to watch how these announcements unfold in the wake of XRP’s recent price appreciation.

Crypto Market Rumblings

XRP isn’t the only crypto that’s seen some impressive gains recently.  The entire market is up – way up.  This liquidity originates from a small number of countries, which is cause for reflection.  Is the market really entering mainstream, or is it still going through its initial growth spasms?  Is it entering a bubble yet?

We’re probably not in a bubble.

Most expert analysts have called for a plateau to the crypto industry measured somewhere between 2 and 10 trillion dollars.16 17 Some think (me included) that it rightfully should mirror the size of the gold market capitalization.  Here is what that comparison looks like visually:


The Gold market cap is listed just to the left of “Physical Money” which others say should be the real benchmark.  The Gold market cap is considered roughly 8.2 trillion dollars.

This would mean that the crypto industry is at the beginning of its growth stage, and is increasing rapidly.  Mainstream investors will start entering – scratch that, have started entering at this point, even in the West.  The current market capitalization of crypto is roughly a half-trillion dollars: To match the gold market cap, all of crypto – not just Bitcoin – would need to expand by 1,600 %.

And it is expanding to that point at record speeds as the rates of return on crypto investment reach astounding levels.

2018 Around the Corner

Are you strong in mathematics?  If you are, then you’ve probably already figured out where XRP – where all of crypto – is heading.  But there’s some finer points that you need to keep in mind as you make your investment choices.

We’re Not In a Bubble… Yet

While I’m no expert at macro-market analysis, I’ve studied the velocity of investor adoption, and I believe that at some point in 2018 or 2019, a bubble in crypto will form.  My intuition tells me that it will start to form in late 2018, but I’m not really sure.  Perhaps we won’t see a bubble until later in 2019.  You should consider me a biased source: I’m one of those conservative investors that withdrew from the stock market completely before the 2016 presidential election.  So perhaps I’m too conservative when I say a bubble might form in 2018.

If you are a student of where crypto volume originates, you have a different reason to verify that we’re not currently in a bubble.

The Western countries generally haven’t really seen mainstream retail investor SouthKoreanFlagadoption.  Most of the day-over-day volume comes from Asian countries where crypto investors don’t have the negative connotations of crypto that those English-speakers in the West do.18 19 It’s been years since the take-down of Silk Road, and yet the Western countries still associate crypto with its black market roots.

Traditional investment by Wall Street (here in the U.S.) is just now beginning.  We’ve only just begun to offer futures trading on Bitcoin.20 Small numbers of hedge funds are starting to dip their toes into crypto.  The initial ones have posted massive gains, however, and now others are following. 21 22 23

Not All Crypto Choices Are the Same

Despite the fact that I believe crypto is facing growth across the board of 1,600% or more, I do not believe that all cryptos are cut from the same cloth.  Some day traders literally glance at a chart and make their decisions; they depend not on the fundamentals of the stocks or crypto that they’re trading.  Instead, they rely on a set of trading guidelines that help them make emotion-less decisions about when to buy and sell.

But for me – and for the vast majority of investors – they are looking for an investment that will provide value long-term.  They are looking for an Apple.  Or Tesla.  or Google.

Surprisingly, they have to look down the list on coinmarketcap to find XRP.  Why is this?  The market hasn’t woken up from its worship of the first mover – Bitcoin.  Still others that look at the top picks note that the top three favorites seem to divide up the functions of crypto:

  • Store of Value (BTC)
  • Distributed Applications (ETH)
  • Payments (XRP)

Crypto Investors Should Compare Choices

This attribution of the market share by function is an oversimplification, and it assumes that these three crypto-currencies are created equal.  They are not created equal.  Only one is run by a company of 200+ of the best and brightest in Silicon Valley and around the world. 24 Only one has been created by a company… period.  That’s XRP.  Any of the three can become the leader at being a store of value.  But XRP can now do smart contracts with Codius, and is looking to build out this functionality even further.25 While a distributed application involving kittens26 was enough to impair the Ethereum network, Ripple is taking the scalability and security of its smart contracts application – Codius – much more seriously.

Ripple – and XRP – is aiming to serve banks and financial institutions; it’s the only one of the top choices that is production-ready for global levels of transactions.

Could XRP take over the use cases of the other two and become the “Google” of crypto?Brad_Garlinghouse

People are now talking about Brad Garlinghouse’s recent quote.  He personally owns XRP and is “Very Long” on it as an investment, comparing it to the wisdom of holding onto Amazon stock in the early days while others shorted it.27  I’ve already covered how Ripple’s business partner in Asia – SBI – has a massive plan to vertically integrate many separate crypto businesses.  And Ripple has layers of plans as well.  It is led by the best, and they only hire the best.

Do your research carefully before making any investment decision.  Then place your  hard-earned money on the best choice. ripple-symbol3



Ripple XRP Ripple XRP

Enjoyed this post? Share it!


Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments

The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.

The ability to send money globally in real time has caught fire in the international financial industry. Large banking groups, such as the Japan Bank Consortium, are leading the charge.

The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.

This initiative will be the first time money moves from Japan to Korea over RippleNet.

Korean banks committing to the modernization of payments

The Japan Bank Consortium will use Ripple’s settlement technology, xCurrent, to settle transactions between participating Japanese banks and Woori Bank or Shinhan Bank.

The pilot solidifies the Japan Bank Consortium’s commitment to modernize payment systems — specifically in the Japan/Korea corridor where Korea is Japan’s third largest trade partner — to send money instantly, removing the need for intermediaries while reducing the cost of sending global payments.

SBI Ripple Asia CEO Takashi Okita and Korean bank representatives launch new pilot

What’s more, the Japan Bank Consortium created a virtual currency and blockchain working group to explore the institutional use case of digital currencies, such as XRP, to source on-demand liquidity for these cross-border payments.

Delivering a much-needed solution for cross-border payments

Banks within the Japan Bank Consortium are one of many institutions that are actively working with Ripple to solve the multi-trillion dollar problem plaguing the financial industry, corporates and consumers worldwide — the lack of liquidity (or cash) to instantly send or receive low-cost international payments.

“The Japan Bank Consortium’s pilot with Woori Bank and Shinhan Bank brings us closer to sending money in an important corridor,” said Emi Yoshikawa, director of partnerships at Ripple.

“The use of RippleNet to send cross-border payments reinforces that financial institutions are ready to provide a modern payments experience and enable to the Internet of Value.”

Visit our Solutions page to learn more about our products.

The post Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments appeared first on Ripple.

Enjoyed this post? Share it!


Watch: Ask Me Anything with Brad

Watch this live Q&A with Ripple CEO Brad Garlinghouse where he’ll answer questions from the Ripple community. We’ll have a recording for those who missed it.

Watch this live Q&A with Ripple CEO Brad Garlinghouse where he’ll answer questions from the Ripple community. We’ll have a recording for those who missed it.

Enjoyed this post? Share it!


XRP: Momentum Building

In the heat of the moment I called it “The rally of the Gods” late Tuesday night.  Can you blame me?  I was excited about the billions of dollars of volume that flowed through the XRP Ledger.xrp_price

It started roughly around noon here in the Midwest United States on Tuesday.  The price for XRP exceeded one Australian dollar at one point1 in the trading, and in US exchanges it broke 50 cents.The rally paused briefly and is even now continuing to new heights on Thursday morning.

Of all the congratulatory tweets, my favorite came from Yoshitaka Kitao, the Executive Chairman, CEO and President of SBI Holdings Incorporated at the beginning stages of the rally:3


The excitement was palpable – and contagious!  On Discord, the reaction of the XRP fan base was frenetic and upbeat; XRP was finally being recognized by the crypto market for its value, and reclaimed its #4 spot on  While these rankings are slippery at best, the psychological boost was powerful, prompting many who had temporarily left XRP to jump back in, after suddenly realizing that most of the fear, uncertainty, and doubt that they might have heard on various forums was just that – the paper tigers of lazy thinking.

XRP was – and is – going to dominate crypto in a very big way in 2018; SBI’s plans for the crypto industry were recently announced, and crypto is now seeing only the beginnings of what things will look like when traditional retail investment enters the market.

During the rally on Wednesday – nearly 24 hours after the rally started – Coinmarketcap showed massive volume for XRP.  For the historical record, here is that number:


It indicates that $3.4 billion flowed through the exchanges in 24 hours.

The rally is testament to hard-earned respect from crypto enthusiasts who have come to take XRP’s quick transfer times for granted on exchanges and in making P2P payments.  It’s a physical manifestation of momentum that’s been building steadily since Ripple decided to host the SWELL conference; a move that’s earned them the title of “Alternative to SWIFT” among the world banking community.

Four Months

Four months is an extremely short time frame in business.  In fintech, that time frame is even shorter; technological development must have time devoted to various stages of the development life cycle, no matter which methodology is followed.  While some timelines can be condensed, collapsed, and some activities can be done in parallel, others cannot; some activities extend the critical path of technological timelines.

Despite these limitations, Ripple is able to consistently deliver on incredible business and technological advancements.  Here is a synopsis of progress and announcements related to XRP and Ripple:

  • September 5:  New Office in Mumbai announced 4
  • September 25:  New Office in Singapore announced 5 6
  • October 3:  Quora Session with Brad Garlinghouse 7
  • October 10: First Production Use of xRapid by Cuallix 8 9
  • October 16:  Announcement of Mojaloop work with Bill and Melinda Gates Foundation 10 11
  • October 16-18:  SWELL Conference in Toronto 12
  • October 28:  SBI Vertical Integration plans announced 13
  • November 6 & 10: XRP Meetups 14 15
  • November 8, 15, 20 at San Francisco, Singapore, and Tokyo: ILP Workshops 16
  • November 13:  Central Bankers Summit 17
  • November 16:  Announcement of American Express as a client for US-UK corridor 18 19
  • November 21:  Ripple New Hires Benjamin Lawsky and Ron Will 20 21
  • December 5:  Standardization of xCurrent for JBC (Japanese Bank Consortium) 23
  • December 7:  Quora Session with Stefan Thomas (a.k.a. justmoon) 22

This timeline serves to show unequivocally that Ripple is focused on the business at hand.

While some crypto businesses grab at the easy money available through ICOs, Ripple is focused on conducting business using the tried-and-true approach of actually doing the hard work to lead.  They carefully evaluate, analyze & plan.  Its apparent from their business alliances and sequencing of development that they are deep strategic thinkers, and it’s paired up with yet another core strength – a work ethic that consistently delivers unbelievable results.

While others that invest in ICOs, Bitcoin, or alternative coins are wondering if their investment will be rewarded, I’m only wondering when.  That’s a big difference between XRP and other choices when it comes to crypto.

Latest XRP Momentum and News

When free markets results in a massive spike of demand, it’s natural for analysts to look backwards and attempt to attribute a cause for the surge in popularity.  XRP is no different, and if we look to recent events and rumblings, we can see clearly that the information was there for active traders to access.  Following are the high points.

Codius Reboot… Confirmed!

It’s been fascinating watching the market’s reaction to the “first mover” of smart contracts on a blockchain; Ethereum.  As an example of how the market rewards those crypto-currency networks that do something – anything – “first,” take a look at the enormous price increases that have taken place for Ethereum.  From my perspective, it indicates clearly that the crypto market will reward the innovations represented by the ability to perform a layer of business logic beyond processing and storing immutable transactions.

Ripple was quick to realize the market need for smart contract capabilities.

They developed their own smart contract platform called Codius, from 2013 to 2015.  It was a great innovation; however, as Ripple re-positioned the various technological components it foresaw as necessary for interoperability, it became apparent that payment standards were lacking between ledgers.  Still in its early years, Ripple made the difficult choice to first champion an international standard for inter-ledger communication.

In hindsight, we know that it was the correct decision; The Interledger Protocol (ILP) is being used by many organizations, and of course by Ripple, to communicate between ledgers.

In a recent Quora session, Stefan Thomas, the Chief Technical Officer of Ripple, confirmed the rumor that Codius would be rebooted and re-released by Ripple: 24  Stefan_Thomas

“Now that Interledger exists, we are revisiting the idea of building smart contracts. We just released a proof-of-concept for a new version of Codius that is built on Interledger. You can expect to see more on this in 2018.”

Custom Token Market Disruption

In a more subtle Quora response, Stefan Thomas also pointed out that Ripple plans to market XRP for usage in use cases that are normally serviced by what he called “custom tokens.”  While he didn’t name any specific custom tokens or their production usage, he had this25 to say:

“…on the Interledger front we are moving on from working on the protocol and are starting to look at early use cases. We’ll be challenging a lot of use cases for distributed protocols that are currently using custom tokens with much simpler solutions that use ILP/XRP instead. (Think custom communications protocols that are for one purpose only being disrupted by the Internet.)”

This interesting comment indicates that Ripple has studied some of the payment use cases currently being serviced by “silo” solutions that include custom tokens.  What are these specific use cases?  Which crypto-currencies will be disrupted?  That, of course, is the part where corporate secrecy lowers the curtains on our insight; but it will be interesting to watch what develops, especially since Stefan Thomas was so specific about a combination of ILP and/or XRP.

New South Korean Crypto Rules?

It’s no secret.  I’ve been talking about the imminent intervention by various world governments into the world of crypto.  Thus far, the small size of the crypto market has been an insulating factor in avoiding this intervention; but in 2017 we’ve seen the beginnings of what could herald coordinated action in response to material levels of capital flight.

If you doubt the attention that capital flight from traditional markets will bring, you should review the recent massive growth of the collective crypto market capitalization: 26


This chart only represents one year of industry growth.  Even though the overall number is still far below most analysts’ expectations for the plateau of the estimated size of the crypto market, the velocity of growth has surely caught the attention of regulators across the world.

The US and China led the way, with the US SEC issuing an ICO warning, and China first banning ICOs, and then all crypto trading against its fiat currency, the Chinese Renminbi.

Some crypto traders speculate that South Korea might issue a similar rule to China; although the extent of these new South Korean regulations has yet to be seen, this is a big deal in crypto; South Korea is responsible for a large part of the global crypto volume at present, and represents a glimpse of what other countries can expect to see when mainstream investors enter the market.

Thankfully, the concerns discussed by South Korea’s government seem more like common-sense measures than a ban: 27

“South Korea’s government decided Wednesday to roll out a series of measures to curb cryptocurrency speculation, including barring minors from opening investment accounts, officials said.

During an emergency meeting of senior officials from related ministries, the government also decided to prohibit local financial institutions from possessing, purchasing or investing in the virtual currencies.

The measures also include checking the identities of those doing bank transactions related to cyber-money investments.”

These are the points of concern expressed in that article:

  • No crypto investing by minors
  • No crypto interaction by local financial institutions
  • Perform KYC (Know-your-customer) procedures on individuals

These three points actually seem quite reasonable, although I’m interested to see where South Korea draws the line on the second one – crypto trading and usage by local financial institutions.

As an XRP investor, I’m naturally worried that the second point might eventually obstruct Ripple from using xRapid in South Korea, so I’ll be waiting and watching; the new measures will be announced by South Korea this Friday according to Reuters.28

Japan-South Korea Payments Pipeline

Here is where things get… interesting.

On the same day that South Korea is set to issue new crypto guidelines, Ripple is performing initial tests of value transfer back and forth from Japan to South Korea: 29

“If all goes well, Ripple’s blockchain payments system could carry its first real funds between Japan and South Korea as early as spring 2018. Eventually, the banks aim to send money by using Ripple’s virtual currency, known as XRP, cutting costs an estimated 60% compared with conventional methods.”

While the initial implementation may not utilize XRP, it’s clear from the article that Ripple intends for its usage to help the participating banks reach the highest levels of cost savings.

It’s my hope that South Korean governmental authorities understand enough about blockchain technology not to issue a blanket guideline, but instead draw a dividing line between usage of crypto in operations, and usage of crypto for investment purposes.  If that’s the case, then XRP could be introduced as a replacement for Nostro accounts that store fiat currencies for the banks in question.


Discord is a fast-paced, real-time chat program that people use to share information and interact; it has the ability to post a rolling screen of comments, and for people to link to other information or upload graphics.  The capabilities go beyond this description, but my point is that it is fast-paced, and at times, screenshots of a Discord session shared subsequently might lose contextual information important to discerning its merit or meaning.

This happened recently, when Ripple Chief Cryptographer David Schwartz (JoelKatz) shared some information on Discord with XRP investors.  Here is the first screenshot:


It may be a bit grainy, but in response to a question about “new customers using xRapid,” JoelKatz responded with this quote:

“There are two huge ones that I wish I could release.  Non-banks.  Household names.”

The general consensus among the XRP Investor community is that this statement is factual and correct, and it has resulted in a large amount of online speculation about which customers might be announced as xRapid users. 30

The reason that XRP investors are hungry for news about xRapid is that it’s the only one of the three solutions of Ripple where XRP is absolutely used.  The other two options – xCurrent and xVia do not prohibit crypto-currencies, but they also do not require them, either.  So naturally, we are hungry for businesses to use xRapid!

The next part of the Discord discussion is where things lost their context when the screenshot was subsequently shared:


While it was crystal clear to everybody on that Discord group that JoelKatz was joking, the screenshot was shared in connection with the first statement, and people (many people) thought that an announcement of the two customers would be made this Friday.

As recently as today, I noticed an XRP investor repeating that he was “looking forward to the announcement on Friday.”  JoelKatz attempted to clear things up with a tweet:31


Note that the information about the two xRapid customers was not retracted in this subsequent tweet.  That was the exciting part for XRP investors, and indicates that at some point, these two “household names” will be revealed.

Q&A Session by Brad Garlinghouse

This last item is late-breaking; Brad Garlinghouse issued the following tweet today, indicating that there will be an opportunity for a Q&A session during a live stream tomorrow at 5:15 pm (PT).  He instructed people to place their questions in the tweet itself for consideration: 35


While this is the category of “rumors,” I think Brad is pretty straight-forward.  If he said it’s a Q&A session, it’s probably just that – Q&A.  I don’t think he’s going to make any announcements, but there are some in the fan base that have different opinions.

Coinbase Adding XRP?

It was a week for rumors and conspiracies.  The “Coinbase rumor” (That Coinbase might soon add XRP as a direct purchase option) started off with a seemingly isolated tweet by Miguel Vias thanking Coinbase for issuing a warning for investors.

It was a blog entry by Brian Armstrong that went over a couple basic points about keeping your account secure, and a recommendation that Coinbase users do their homework before making investment choices.  Miguel Vias read the communication and issued the following tweet: 32


My take?  This is just a normal tweet from Miguel Vias congratulating Coinbase on doing the right thing, like it says.  Ripple operates with principle-centered leadership, and his tweet is completely in line with that culture.

But then another person noticed something interesting.  They were examining Coinbase from an API perspective, and noticed that Coinbase had some specific entries in their database for “supported” cryptos versus no entry for “unsupported” cryptos.  And guess what they found? 33


Again, having an entry in a database means nothing in specific, but as you might deduce, any news about a high-volume exchange such as Coinbase adding support for direct fiat-to-XRP purchases would be positive news.

XRP Community Notes

Many of the XRP community initiatives are organized via a website called XRPChat.  It’s a forum for discussions and threads that is content-rich and functionality-rich.  It also has a wealth of historical archives, resources, and links to help new investors, or even academic researchers.  The link to XRPChat is here:


In a recent blog, I noted the development of a new application called Reservoir.  This is reservoir_symbolan end-user application that allows end-users and holders of XRP to try out the escrow functionality for themselves.

While I don’t make any personal assurances regarding third-party software, if you wish to research or contact the Reservoir team, here is the link to their website:

XRP Ledger Payment App; Mobile & Desktop

An XRPChat user recently proposed the creation of a mobile payment application that might also have a desktop component.  The application could be used to make direct payments to merchants.  The desktop version might also contain additional functionality such as the ability to set up auto-conversions of currency and track history, among other functions.

This initiative is currently at its early stages, and the software hasn’t been formally christened with a name yet.

If you wish to learn more, or volunteer to help develop this application, please refer to the XRPChat thread where it is discussed:   The user organizing the effort is known as “@Sancho.

Momentum: 2018 Belongs to XRP

When the CEO of SBI Holdings tweets that he’s “..all in on XRP!”  (expressing himself with an exclamation point), and the Founder of TechCrunch says he’s only going to accept XRP as payment34 for his new hedge fund, it’s an indication that something big is happening.

If you’ve reviewed the list of Ripple’s accomplishments to date, then you know that they do not follow; they lead.

Ripple is a team that will not await the market’s response to XRP before making their business and marketing decisions; they will forge ahead like they’ve always done, doing the most difficult work of forming business relationships and alliances, and delivering software.  It’s what they do.

XRP investors like me don’t need a “Rally of the Gods” to know when we’ve made the right choice.  We did our research long ago and cast our lot in with XRP, knowing full well of the potential that it has for transforming the entire back-end of international payments.ripple-symbol3


  2. (choose chart option)

Ripple XRP Ripple XRP

Enjoyed this post? Share it!