Insights

For the millions of remitters in South Korea, speed and cost matters—time delay in payments can interfere with covering critical expenses like emergencies, tuition payments and unexpected bills. However, for many years, the remittance market in Korea was controlled entirely by large financial institutions—leading to high foreign transfer fees and costly delays. Rule changes introduced
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The Asia-Pacific (APAC) region is seeing significant growth in remittances. However, due in part to the current challenges associated with moving money between currencies, this high growth in remittances is juxtaposed against the high average cost of sending money.  In order to effectively tap the dynamic regional market that drives a volume of nearly 2
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The XRP Ledger (XRPL) was designed to provide a robust feature set for the foundation of the digital asset XRP in addition to settling payments and exchanging digital assets of all kinds. The open source community of developers supporting innovation on XRPL continue making core improvements to the technology to ensure performance, stability, security, quality,
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Sending global payments should be easy and cost-effective. Yet, the underlying systems are complex and fragmented, leading to high foreign transfer fees and costly delays. Together with our customers, Ripple is working to solve the challenges with slow and expensive cross-border payments. Nowhere is this more important than remittance flows to low- and middle-income countries
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Today, financial institutions are harnessing the power of blockchain and digital asset technology and seeing tangible results.  At the 2020 World Economic Forum, Secretary of the Treasury, Steve Mnuchin, referenced this progress. He spoke about the impact of digital assets: “There are benefits to cross-border payment systems in lowering costs for consumers and businesses. We
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Global freelance marketplace goLance has no full-time employees. Instead the company is run by freelancers hired through its platform and CEO Michael Brooks spends a lot of time flying around the world meeting them along with other entrepreneurs who find work through the service. This gives him a unique insight into the needs of his
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There is little doubt that blockchain and digital asset technologies will engender greater financial inclusion and economic growth—but to realize the full potential of this technology, clear regulatory frameworks are needed.  One such framework, New York’s BitLicense, was introduced in 2014 by Benjamin Lawsky, then New York State Superintendent of Financial Services. Lawsky is currently
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International Payments Will Continue to Get Faster and SmallerPayment providers and banks will continue to offer ever faster cross-border payment services to their customers, enabling them to send and receive low-cost payments in real-time. The cost overhead of these payments will also continue to shrink. This trend will accelerate in 2020 as customer demand for
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Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements such as Xpring and RippleNet partnerships and commentary on previous quarter market developments. As an XRP holder, Ripple believes proactive
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Small and medium-sized enterprises (SMEs) are a dynamic force in the global economy today—especially in developing countries where SMEs contribute up to 40% of national GDPs, according to The World Bank.  The emergence of eCommerce has helped fuel this growth over the past two decades, and with it, introduced a specific set of needs among
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[embedded content] This episode of The Ripple Drop takes you on the ground at Swell 2019 in Singapore. We connected with RippleNet customers including goLance CEO Michael Brooks about the impact of On-Demand Liquidity on their business. In addition, Celent Sr. Analyst for Corporate Banking Alenka Grealish revealed findings from the 2019 Blockchain in Payments
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Siam Commercial Bank (SCB) is on a mission to change the lives of their over 16 million customers. Thailand’s oldest bank has partnered with Ripple to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments.  At Swell, SCB’s SVP of
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The last time the world was on the cusp of a new decade, the Bitcoin Whitepaper was only a few years old, Ripple was yet to be founded and slow cross-border payments were widely accepted as the status quo. As we stand on the doorstep of a new year and a new decade, we reflect
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[embedded content] This special holiday episode of The Ripple Drop reflects on the impact of blockchain technology and digital assets over the past decade—and what’s ahead for the industry as we stand on the doorstep of a new year. Members of our executive team, including CEO Brad Garlinghouse, discuss what surprised them in 2019, industry
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Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a
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Swell 2019 discussions and presentations centered around the numerous ways businesses today are implementing blockchain technology. But just how far-reaching is adoption of this technology?  At the event’s closing fireside, Ripple VP of Global Sales Strategy and Operations James Wallis and Celent Sr. Analyst of Corporate Banking Alenka Grealish presented key results around adoption from
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Gaming is a $140 billion global industry. This massive scale is driven largely by digital economies created through in-game virtual purchases that unlock specific game features, unique abilities and characters and items, among other things. However, creating a balanced economy that benefits both a game’s player community and its creators is complex and challenging.  One
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Professor Naoyuki Iwashita was a crypto finance expert long before the craze of 2017—in fact, before it was even invented.  As one of Japan’s leading economists and a financial expert, he began helping the Central Bank of Japan encrypt its systems in the mid-1990s. Today, he is helping lead Japan’s Kyoto University’s implementation of Ripple’s
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Vice President of Product Marketing, Kevin Mole Swell 2019 opened with a powerful quote from our CEO Brad Garlinghouse, “To fix the friction in payments, we need to reset the plumbing by resetting the fundamental architecture of how payments can flow.” During a time when other industries are rapidly facing disruption, decades old infrastructure has
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