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Brad Garlinghouse: Ripple Ends Its Lawsuit Against YouTube Over Fake XRP Giveaway Scams

Crypto News Point

Mar 12, 2021
2 min

Brad Garlinghouse: Ripple Ends Its Lawsuit Against YouTube Over Fake XRP Giveaway Scams

Brad Garlinghouse, the CEO of Ripple, said that Ripple has ended its lawsuit against YouTube for the social media platform’s alleged complicity in a spate of fake XRP giveaway scams. It has been reported that Ripple and Garlinghouse filed a lawsuit against YouTube LLC in April 2020 by claiming that the platform itself had profited from the fraudulent activity and that it had failed to exercise its administrative powers to stop it. Last year, @Ripple and I sued @YouTube for fa

Ripple And MoneyGram Officially Terminates Their Partnership

Crypto News Point

Mar 10, 2021
2 min

Ripple And MoneyGram Officially Terminates Their Partnership

Report said that Ripple and MoneyGram have officially terminated their partnership, as both the companies are committed to revisiting some form of partnership together in the future. It has been reported that Brad Garlinghouse, the CEO of Ripple, noted that together, Ripple and MoneyGram processed billions of dollars through Ripple’s RippleNet and On-Demand Liquidity (ODL) services. He said: “While the lack of a crypto reg framework has needlessly muddied the waters for U.S.

MoneyGram Changes Its Relationship With Ripple, Citing SEC Lawsuit

Crypto News Point

Feb 24, 2021
2 min

MoneyGram Changes Its Relationship With Ripple, Citing SEC Lawsuit

MoneyGram, the global money transfer service, has changed its relationship with blockchain payments firm Ripple amidst Ripple’s litigation with the Securities and Exchange Commission (SEC). It has been reported that the company is “not planning for any benefit from Ripple market development fees” for the first quarter of 2021. However, MoneyGram said that it had a more than $12 million net expense benefit from Ripple in the same quarter last year. More trouble for Ripple is o

Ripple Labs Now Registered A Business In Wyoming

Crypto News Point

Feb 23, 2021
2 min

Ripple Labs Now Registered A Business In Wyoming

Ripple Labs, the blockchain-based payments firm, has now registered a business in Wyoming. It has been reported according to records from the Wyoming Secretary of State that Ripple Markets WY LLC’s status as a local business is listed as “active” after an initial filing in February 2020. As a limited liability company in Wyoming, Ripple’s registered agent will be based in Cheyenne. Caitlin Long, the CEO of digital bank Avanti Bank & Trust, said: “More crypto companies are rea

MoneyGram Clarifies The Nature Of Its Collaboration With Ripple

Crypto News Point

Dec 25, 2020
1 min

MoneyGram Clarifies The Nature Of Its Collaboration With Ripple

MoneyGram, the global money transfer service, has clarified the nature of its collaboration with its blockchain partner Ripple after it’s (Ripple) recent probe by the US Securities and Exchange Commission (SEC). It has been reported that MoneyGram revealed that it has never utilized Ripple’s counterparty services, namely On-Demand Liquidity (ODL) and RippleNet, for forex transactions. It stated: “As a reminder, MoneyGram does not utilize the ODL platform or RippleNet for dire

Ripple CEO Brad Garlinghouse Responds To The Latest SEC Regulatory Complaint Against XRP

Crypto News Point

Dec 24, 2020
2 min

Ripple CEO Brad Garlinghouse Responds To The Latest SEC Regulatory Complaint Against XRP

Brad Garlinghouse, the CEO of Ripple, has responded to the latest United States Securities and Exchange Commission (SEC) regulatory complaint against XRP by assuring shareholders that the company will prove their case in court. It has been reported that Garlinghouse argued that the legal action against the XRP, which is an “assault on crypto at large.” However, he is confident that the regulatory action will have a “snowball effect” on the industry as a whole, potentially aff

Ripple Files A New Trademark With The United States Patent And Trademark Office

Crypto News Point

Nov 16, 2020
1 min

Ripple Files A New Trademark With The United States Patent And Trademark Office

Ripple has filed a new trademark with the United States Patent and Trademark Office (USPTO). It has been reported that a filing for the trademark “PayString” (filed on November 6) gives scant information as to which business or product will be marketed under its canopy. Indeed, the trademark registration description is identical to that used for Ripple’s “RippleNet” filing earlier this year. However, according to this description, PayString covers the span of different catego

Ripple Establishes Regional Office In The Dubai International Financial Centre

Crypto News Point

Nov 10, 2020
2 min

Ripple Establishes Regional Office In The Dubai International Financial Centre

Ripple has established a regional office in the Dubai International Financial Centre (DIFC). It has been reported that the blockchain-based payments firm chose the location for its “innovative regulations.” However, the DIFC website stated the special economic zone served more than 2,500 companies across the Middle East, Africa, and South Asia as an “independent regulator” with a “proven judicial system.” Navin Gupta, the Managing Director at Ripple, said: “Ripple already has

SBI Holdings CEO Says Japan Is The Most Likely Country Ripple Will Relocate To

Crypto News Point

Nov 3, 2020
2 min

SBI Holdings CEO Says Japan Is The Most Likely Country Ripple Will Relocate To

Yoshitaka Kitao, the CEO of Japanese financial giant SBI Holdings, said that Japan is the most likely country Ripple will relocate to, as it should leave the United States. It has been reported that Kitao stated that the blockchain-based payments firm “has made Japan the most promising candidate” for its new headquarters if Ripple makes good on its threats to move its San Francisco offices. However, SBI Holdings is a Ripple investor, while Kitao sits on the firm’s board of di

SBI Esports Announces Its Players To Receive Salaries In Ripple

Crypto News Point

Oct 3, 2020
1 min

SBI Esports Announces Its Players To Receive Salaries In Ripple

SBI esports, a subsidiary of SBI Group, the Japanese financial services conglomerate, announced that its esports players would receive salaries in Ripple (XRP), which going forward as part of a sponsorship deal with venture capital firm, VC Trade. It has been reported according to the official announcement that player salaries will be paid through crypto instead of fiat in order to strengthen the company’s presence among esports players who also use digital currencies. Ripple

XRP Ledger Foundation Announces Its Official Launch To Support And Accelerate Its Adoption

Crypto News Point

Sep 28, 2020
2 min

XRP Ledger Foundation Announces Its Official Launch To Support And Accelerate Its Adoption

The XRP Ledger Foundation, a non-profit, announced its official launch on to support the development and accelerates its adoption across the globe. Today we launched the XRP Foundation, an independent non-profit, focusing on the growth, innovation, and development of the XRPL and XRP community. With support of industry leaders, academics, and community members, we can ensure XRPL is well-positioned for the future (1/3) — XRP Ledger Foundation (Official) (@XRPLF) September 24

Binance Joins “Blockchain for Europe” Association Alongside Ripple

Crypto News Point

Sep 4, 2020
2 min

Binance Joins “Blockchain for Europe” Association Alongside Ripple

Binance, the world’s largest cryptocurrency exchange, has joined “Blockchain for Europe” association. It has been reported that by entering the group, Binance follows major industry companies like XRP-related firm Ripple, EOS developer Block.one, Fetch.ai, and Blockseed Ventures. However, alongside welcoming a new member in the association, Blockchain for Europe appointed Teana Baker-Taylor, Binance’s head of operations in the United Kingdom, as a new chairman of the board. F

Ripple Co-Founder Says China’s Digital Currency Leadership Is A “Once-In-A-Century Opportunity” To R

Crypto News Point

Aug 25, 2020
2 min

Ripple Co-Founder Says China’s Digital Currency Leadership Is A “Once-In-A-Century Opportunity” To R

Chris Larsen, the co-founder and Chairman of Ripple, said that China’s digital currency leadership is a “once-in-a-century opportunity” to replace the US dollar with the digital yuan as the world’s reserve currency, as the United States is losing the “technological cold war” to China due to its tough regulatory approach to blockchain and cryptocurrency-related companies. It has been reported that Larsen set out the main reasons for China winning the US in the ongoing technolo

Crypto News Point

Aug 4, 2020
1 min

XRP Markets Report Shows RippleNet’s On-Demand Liquidity Network Experienced 11x Growth Compared To

The XRP Markets Report shows RippleNet’s On-Demand Liquidity network experienced 11x growth compared to 2019, while XRP sales surged in Q2. On August 3, it has been reported that sales of the firm’s XRP token were 18.6 times higher in Q2 2020 compared to Q1. The crypto firm stated XRP sales were $32.55 million from April to June this year, up from $1.75 million in the first quarter. However, the company has been criticized for propping up its balance sheet with XRP sales. Rip

Ripple Co-Founder Pays Over $4 Million To Install 1,000 HD Cameras In San Francisco

Crypto News Point

Jul 11, 2020
2 min

Ripple Co-Founder Pays Over $4 Million To Install 1,000 HD Cameras In San Francisco

Chris Larsen, the co-founder of Ripple, has paid over $4 million to install 1,000 high-definition (HD) cameras on the streets of San Francisco, as he said that his goal is to combat crime, specifically theft. It has been reported by The New York Times that Larsen, who recently recovered from COVID-19, has decided to take up this project after a group of unknown men climbed into his garden in 2011 and cut the wires to his home security while his children were sleeping inside.

Santander Adds 19 Available Regions For App In Collaboration With Ripple

Crypto News Point

Jul 10, 2020
2 min

Santander Adds 19 Available Regions For App In Collaboration With Ripple

Banco Santander, the mainstream banking giant, has added 19 available regions for its One Pay FX international payments app built in collaboration with Ripple. On July 9, it has been reported in a statement posted by Ripple that Santander constructed One Pay FX as a borderless blockchain-based payment channel, in the form of an app. However, building the app alongside Ripple, Santander launched the app in 2018. The statement said that formerly only available in the United Kin

Bitbns, Ripple, Brave, Blockchain.com, GoPay, Huobi And 40 Others Join Open Payments Coalition &#821

Crypto News Point

Jun 20, 2020
3 min

Bitbns, Ripple, Brave, Blockchain.com, GoPay, Huobi And 40 Others Join Open Payments Coalition &#821

More than 40 companies including the leading Indian cryptocurrency exchange, Bitbns, GoPay, Ripple, Blockchain.com, Brave and Huobi have joined forces to form the Open Payments Coalition and launch universal payments network, PayID. PayID is a simple, web-based protocol designed to make it as easy to send someone money as it is to send them an email. The new payment process will allow users to send or receive money anywhere in the world across any payment network in real tim

Western Union Makes Takeover Offer For MoneyGram

Crypto News Point

Jun 2, 2020
1 min

Western Union Makes Takeover Offer For MoneyGram

Western Union might be purchasing cross-border payments company MoneyGram. On June 1 Bloomberg reported that Western Union recently made a takeover offer for MoneyGram. If successful, this would combine two of the biggest money-transfer companies in the United States. Western Union is seeking to acquire rival money transfer company MoneyGram https://t.co/Oj7c76q0yK — Bloomberg (@business) June 2, 2020 Lockdowns in response to the coronavirus have closed many businesses acros

SBI Holdings Plans To Integrate Ripple-Powered Settlements Across ATMs In Japan

Crypto News Point

May 19, 2020
1 min

SBI Holdings Plans To Integrate Ripple-Powered Settlements Across ATMs In Japan

SBI Holdings announced plans to integrate Ripple-powered settlements across ATMs in Japan. SBI’s latest financial report announced on a plan to integrate the Ripple-powered settlements platform MoneyTap with ATMs run by various banks across Japan. The integration is intended to provide consumers with easier access to funds at ATMs regardless of their banking affiliation. Integrating MoneyTap will also allow banks to reduce the costs incurred through operating ATMs. SBI furthe

SBI Holdings CEO Proposes Ripple To Partner With Multinational Companies For Handling COVID-19 Pande

Crypto News Point

May 12, 2020
2 min

SBI Holdings CEO Proposes Ripple To Partner With Multinational Companies For Handling COVID-19 Pande

Yoshitaka Kitao, the CEO of Japanese financial giant SBI Holdings, has proposed Ripple to partner with multinational companies in addition to financial institutions, as his recommendation was influenced by Japan’s handling of the COVID-19 pandemic. It has been reported that Kitao, who is also a Ripple board member, talked to reporters gathered for an SBI conference call on April 28, as he said that his lawyers would attend Ripple’s next executive committee and asked them to p

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