The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent. This ground-breaking pilot program is the first of its kind to be launched by...
In just a few short months, the world’s attention will turn to Russia and the 2018 World Cup. This gathering of the globe’s best is a showcase for both team talent and national pride. It’s also an apt analogy for how to win in global payments today. Every four years,...
In the early 1990s, the rise of the internet coincided with the fall of communism and the Soviet Empire. It’s not a coincidence that as the internet grew in popularity and usefulness, democracies flourished around the world. The potential of the internet transcended borders and helped to change the...
While blockchain and digital assets have become increasingly popular, it’s hard for many outside the industry to see beyond the buzz. The adoption of the technology combined with the right digital asset can provide benefits that can drastically improve the way financial institutions do business. At Ripple, our mission is...
Online retail is massive in China and it’s only getting bigger. In fact, the Chinese e-commerce market totaled $672 billion in 2017 — the largest contributor to the $4 trillion global e-commerce market — and cross-border e-commerce transactions into the country are projected to reach $1.32 trillion in 2018. In...
Over the past two years, the blockchain and digital asset industry have shown phenomenal growth as it continues to solve the performance, scalability and security problems in the payments space. More financial institutions have begun to adopt blockchain technology to help modernize global payments. However, not all blockchains are created...
It was easy to feel the energy and excitement at the San Francisco Palace of Fine Arts Theatre as a massive crowd of blockchain enthusiasts flowed into the 2018 Blockchain Connect Conference, forcing it to quickly reach capacity. The annual conference —  which caters to blockchain scientists, developers, investors...
Adding to the momentum behind XRP’s growing global liquidity, SBI Holdings announced that its newly released digital asset exchange — SBI Virtual Currencies — will use XRP as the only digital asset supported at launch. SBI Holdings is the leading financial service company in Japan. Their subsidiary, SBI Securities, is Japan’s...
As the remittance market grows in emerging and major corridors, so too does the need to make payments real-time, transparent and certain. In fact, global remittances — which include flows to high-income countries — were estimated to be $596 billion in 2017. To serve the bustling remittance market, Ripple is proud to...
To continually improve the health of XRP markets globally, we share regular updates on the state of the market including quarterly sales, commentary on previous-quarter market developments and Ripple company-related announcements. Quarterly Sales In Q4 2017, market participants purchased $20.1 million directly from XRP II, LLC1 — our registered and licensed...