A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

Search Payments News

July 14, 2023

On the web

Judge Rules in SEC Case vs Ripple


"A US federal judge has partially sided with Ripple Labs in a Securities and Exchange Commission (SEC) lawsuit alleging the San Francisco-based blockchain developer issued an unregistered security offering with its XRP token.  In answering requests from both sides for summary judgement, the court ruled that while Ripple’s institutional sales of XRP were found to constitute an unregistered securities offering, programmatic sales were not."

June 22, 2023

On the wires

June 6, 2023

On the web

Ripple Begins Work on Cross-Border Network for Digital Assets


"Ripple’s digital currency platform is built on blockchain technology which supports the XRP token. Already tackling cross-border transfers through its blockchain technology, Ripple is looking for ways to partner with each other to make its mark on dozens of digital currency projects To this end, Ripple recently released the CBDC Platform, a product that enables central banks, governments, and financial institutions to issue their own central bank digital currencies and stablecoins."

May 25, 2023

On the web

How Ripple is Shaping The Cross-Border Transactions in Banking

The Crypto Times

"In today’s interconnected world, cross-border payments play a pivotal role in global trade and commerce. However, traditional methods of transferring money across borders can often be slow, expensive, and error-prone. Ripple, a blockchain-based payment protocol, is emerging as a promising solution."

May 18, 2023

On the web

December 23, 2022

On the web

Ripple to Replace SWIFT – Newest GPI Direct Response to ODL’s Expansion to More than 40 Countries

Crypto News Flash

“Ripple Inc., a leading American blockchain infrastructure provider fighting the SEC in a lawsuit, is working to help reduce cross-border friction through the real-time global settlement platform, On-Demand Liquidity (ODL). The ODL has significantly been adopted worldwide with Ripple noting that over 40 new markets have been onboarded. As such, market strategists unanimously agree XRP is significantly undervalued and perhaps suppressed by the Ripple vs SEC lawsuit.”

August 19, 2022

On the web

Ripple Partners With Travelex to Launch Enterprise Crypto Payment Service in Brazil


“The rollout of Ripple’s fast and cheap On-Demand Liquidity payment service means that enterprises will no longer have to wait three to five days to settle costly cross-border transactions. Ripple’s XRP token is set to be used to facilitate fast and cost-effective cross-border transactions in Brazil, after the launch of RippleNet’s On-Demand Liquidity (ODL) with forex company Travelex. Digital payment network Ripple announced on Thursday that foreign exchange company Travelex will utilize RippleNet’s ODL to facilitate cross-border payments between enterprises by utilizing XRP. It also noted that Travelex Bank is the first bank approved by Brazil’s central bank to operate exclusively in foreign exchange.”

May 26, 2022

On the web

Crypto Firm Ripple Will Explore IPO After SEC Lawsuit Ends, CEO Says


“Ripple will explore the possibility of an initial public offering once its lawsuit with the U.S. Securities and Exchange Commission has ended, CEO Brad Garlinghouse told CNBC. The company uses XRP, the world’s sixth-largest cryptocurrency, to facilitate cross-border payments. Effectively, fiat is converted to XRP which lowers the cost and increases the speed of the transaction. The XRP is then converted back to fiat.   But the SEC alleges Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal securities offering through sales of XRP. Ripple has argued that the digital coin should not be treated as a security, a designation that would bring it under much stricter regulatory scrutiny.”

April 30, 2021

On the web

Ripple Wants Go Public After Settling SEC Lawsuit, SBI CEO Says


“Major cryptocurrency company Ripple has not given up on its plans to go public despite its ongoing legal battle with United States regulators, according to SBI Group’s CEO. Yoshitaka Kitao, CEO of Japanese financial giant SBI Group, claimed that Ripple plans to become a public company after the firm settles a legal action brought against it by the United States Securities and Exchange Commission.”

March 30, 2021

On the web

Ripple to Acquire 40% Stake in Asia’s Trianglo

Finextra Research

“Ripple is to acquire a 40% stake in Asian cross-border payments specialist Trianglo. Ripple says the deal will help it to meet growing customer demand in the region and expand the reach of On-Demand Liquidity (ODL), which uses the digital asset XRP for instance money transfers and working capital.Founded in 2008, Trianglo’s global network spans more than 100 countries, 2,500 mobile operators, 1,300 banks/wallets and 130,000 cash pickup points.”

June 19, 2020

On the web

Ripple Launches PayID Allowing Users to Send Digital Payments Across Different Platforms


“Email is a popular technology in part because it doesn’t matter which service you use. A Gmail user can send a message to someone with a Yahoo account and vice versa. Yet when it comes to sending cash on the Internet, services are fractured. A Venmo user can’t send money to someone using Cash App or Zelle, and nor can you can use a bank’s website to send money to those apps. That’s why a new service called PayID is intriguing. Launched by a coalition led by the cryptocurrency company Ripple, PayID offers consumers the equivalent of an email address—a distinct easy-to-read ID that works with any service provider.”

March 6, 2020

On the web

February 28, 2020

On the web

Ripple Class-Action Lawsuit Can Proceed, Judge Rules – CoinDesk


“In a ruling Wednesday, U.S. District Judge Phyllis Hamilton, of the Northern District of California, allowed a putative class-action lawsuit by retail XRP (XRP) buyers to proceed. Hamilton said the suit can include claims filed under federal law but dismissed some claims filed under California state law. Plaintiffs can refile some of the claims under California law in an amended complaint within 28 days, she added.”

January 13, 2020

On the web

Cross-border Payment: Ripple, Siam Bank Partner to Launch App


“Currency exchange and remittance network technology company, Ripple, looking to expand its presence in Asia has partnered with Siam Commercial Bank to create a mobile application powered by blockchain to deliver fast, cheap and instant cross border payment. The application to be developed by Ripple apart from delivering cheap and fast cross border payment will also enable QR (quick response) code for Siam Bank customers to enjoy remittance services alongside micropayment services.”

October 18, 2019

On the web

Blockchain-Shy Bank of America Quietly Pilots Ripple Technology


“It was previously known that B of A is a member of the steering group that advises on rules and standards for Ripplenet, the network of financial institutions using Ripple products. But the news of the pilot is the strongest indication yet that the bank’s relationship with the startup goes beyond friendly advice. That would be a departure for the bank, whose chief technology officer, Cathy Bessant, has said she’s bearish on the technology and that B of A’s portfolio of blockchain patents (the most of any financial institution) exists only so it can pivot to blockchain quickly if the need arises.”

January 28, 2019

On the web

January 9, 2019

On the web

Ripple wants a piece of the global payment system while it fights a cryptocurrency ‘holy war’


“The sizable cryptocurrency stake puts Ripple in an almost unheard of position in Silicon Valley of not needing to rely on much venture capital to fund its operations. Instead, it sells XRP on a regular basis. And based on the amount it owns, the company’s value is at least $20 billion. The valuation of ride-hailing start-up Lyft, by comparison, is around $15 billion.”

January 8, 2019

On the wires

RippleNet Reaches Milestone, Surpasses 200 Customers

“Ripple, provider of leading enterprise blockchain solutions for payments, announced today that 13 new financial institutions have signed up for the company’s payment network, RippleNet. The companies include Euro Exim BankSendFriendJNFXFTCSAhli Bank of KuwaitTranspaygoBFC BahrainConnectPayGMTWorldCom FinanceOlympia Trust CompanyPontual/USEND and Rendimento. With these additions, there are now more than 200 customers signed up for RippleNet.”

November 13, 2018

Top Post

October 2, 2018

On the web

Ripple Event Reveal: 3 Companies Are Now Using XRP for Real Payments


“After a series of highly-publicized pilots, three companies are now making commercial use of Ripple’s xRapid product. XRapid employs the digital asset XRP, using it as a “bridge currency” in cross-border payments, which according to the company, reduces the cost and increases the speed of these payments by boosting liquidity. The three companies  – MercuryFX, Cuallix and Catalyst Corporate Credit Union – were announced by Ripple CEO Brad Garlinghouse on stage at Ripple’s Swell conference in San Francisco today, marking the first time companies have put the product to commercial use.”

May 14, 2018

On the web

May 11, 2018

On the web

Ripple claims success in first pilot trials of XRP for cross-border payments


“Ripple is claiming promising results from the first pilot trials by remittance platforms of its digital asset XRP as a medium of exchange. While big banks continue to shy away from the use of XRP as a form of reserve currency in funds transfers, Ripple appears to have found a sweet spot for the adoption of xRapid in the $569 billion remittance market.”

May 8, 2018

On the web

April 26, 2018

On the wires

April 24, 2018

On the web

Inside Santander’s plans to digitize money


“Many banks focus their blockchain efforts on post-trade processing or bank-to-bank payments, but Santander is working on tokenizing payments for retail customers. The Spanish banking giant’s U.K. arm recently launched One Pay FX, a mobile payments service for its U.K. debit card holders that want to send payments to people in Euro Zone countries and the U.S. It’s the first market-ready product built on blockchain technology, Ripple’s xCurrent protocol, for retail customers. It had been running as a pilot for employees for the last 18 months.

April 5, 2018

On the web

Ripple Has Tried to Buy Its Way Onto Major Exchanges for Cryptocurrency


“Ripple has a problem. The startup controls the world’s third-largest cryptocurrency, XRP. Banks have signed onto its network and bought equity stakes in its business, which wants to rewire how money moves around the world. And yet when it comes to obtaining a coveted listing for XRP on two of the top U.S. cryptocurrency exchanges, Ripple hasn’t been able to close the deal.”

March 23, 2018

On the web

Ripple [XRP] To Launch Its Blockchain Payments Solution In China Later This Year

Ethereum World News

“Ripple is turning its attention to the Chinese market as it looks at expanding its services within the Asia Pacific region later this year. According to a report from Finance Magnates, China’s regulators, payment providers, and banks are looking at Ripple’s xCurrent payment settlement solution as they attempt to improve cross-border settlements with end-to-end tracking.


March 12, 2018

On the web

How XRP’s Tech Differs from Other Crypto Assets


“Created in 2012 and now securing $40 billion in total value, XRP is the third-largest cryptocurrency network today, one that has gained publicity as the company that manages its operations, Ripple, has inked a range of impressive partnerships. One point of criticism that has emerged, though, is that most of the announcements don’t have much to do with XRP, but Ripple’s other financial products. At least some users have been unaware of the distinction (though CoinDesk has a guide for that).”

Payments News

Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.

Glenbrook Payments Boot camp®

Register for the next Glenbrook Payments Boot Camp®

An intensive and comprehensive overview of the payments industry.

Train your Team

Customized, private Payments Boot Camps tailored to meet your team’s unique needs.

OnDemand Modules

Recorded, one-hour videos covering a broad array of payments concepts.

Glenbrook Press

Comprehensive books that detail the systems and innovations shaping the payments industry.