Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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Ripple distributed ledger claims to slash 60% of global interbank settlement costs

Ripple distributed ledger claims to slash 60% of global interbank settlement costs | Payments 2.0 | Scoop.it
Ripple claims that its network and native currency could save banks up to 60% on costs associated with global interbank settlements.
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Santander InnoVentures Adds $4 Million to Ripple’s $28M Series A

Santander InnoVentures Adds $4 Million to Ripple’s $28M Series A | Payments 2.0 | Scoop.it
Ripple has received an additional $4m in funding from Santander InnoVentures, bringing its Series A total to $32m.
Therese Torris's insight:

Brings total raised to $38M

https://www.crunchbase.com/organization/ripple-labs#/entity

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Digital currency startup Ripple scores $28 million funding round

Digital currency startup Ripple scores $28 million funding round | Payments 2.0 | Scoop.it
Finextra: Digital currency outfit Ripple Labs has closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology.
Therese Torris's insight:

Brings total money raised to $37M

https://www.crunchbase.com/organization/ripple-labs

https://www.ripplelabs.com/

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Ripple signs first two US banks for bitcoin-style open-source decentralized international money transfer

Ripple signs first two US banks for bitcoin-style open-source decentralized international money transfer | Payments 2.0 | Scoop.it
Open source payments outfit Ripple Labs has snared deals with two US banks who plans to use its real-time settlement protocol for cross-border money transfers.
Therese Torris's insight:

Ripple is one the most interesting payment companies

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Ripple price plunges on co-founders sell-off plans #XRP

The price of the Ripple native digital currency has plummeted after Ripple Labs co-founder Jed McCaleb revealed that he plans to sell off his entire massive holding.
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Payment protocol Ripple wants to speed take up w/ a developer portal and a startup accelerator

Payment protocol Ripple wants to speed take up w/ a developer portal and a startup accelerator | Payments 2.0 | Scoop.it
Ripple is set to get a kick-start, with the outfit behind it opening up a developer portal and CrossCoin Ventures launching an accelerator to help startups working with the cypto-currency protocol.
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Ripple to create Asian joint venture with SBI Holdings

Ripple to create Asian joint venture with SBI Holdings | Payments 2.0 | Scoop.it
Ripple is to create a joint venture company with Japanese financial conglomerate SBI Holdings to drive the adoption of its distributed ledger technology for cross-border payments across Asian markets.
Therese Torris's insight:

Note that Ripple seems to refer only to distributed ledger and not to "blockchain" . Direct link

https://ripple.com/

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Commonwealth Bank of Australia to use Ripple for intra-bank transfers

Commonwealth Bank of Australia to use Ripple for intra-bank transfers | Payments 2.0 | Scoop.it
Finextra: Commonwealth Bank of Australia is to begin using technology from Ripple Labs to transfer funds between its subsidiaries.
Therese Torris's insight:

Second bank to use Ripple (after German new bank Fidor) but first truly international bank to do so.

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Int'l money transfer technology start-up Ripple Labs to raise $30 Million

Int'l money transfer technology start-up Ripple Labs to raise $30 Million | Payments 2.0 | Scoop.it
Ripple has created a decentralized payments network that helps validate transactions using a digital currency technology similar to bitcoin.
Therese Torris's insight:

Not the only int'l money transfer game around but certainly the hypest due to its virtual currency roots

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Payment startup Stripe backs Stellar, Ripple founder's new digital currency aimed at Int'l currency exchange

Payment startup Stripe backs Stellar, Ripple founder's new digital currency aimed at Int'l currency exchange | Payments 2.0 | Scoop.it
Mt. Gox and Ripple founder Jed McCaleb has unveiled Stellar, his latest stab at a decentralised payment network and digital currency. Payments firm Stripe has backed the project to the tune of $3 million.
Therese Torris's insight:

A last a pragmatic digital currency that aims for practical payment benefits. We need to see the costs attached to this  

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Germany's Fidor Bank to be 1st bank to use Ripple's protocol to speed money transfers

Germany's Fidor Bank to be 1st bank to use Ripple's protocol to speed money transfers | Payments 2.0 | Scoop.it
Germany's Fidor Bank is to become the first the bank in the world to utilise the Ripple protocol for sending real-time money transfers.
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VC-backed OpenCoin looks to building Ripple into a Bitcoin-inspired universal payment system

VC-backed OpenCoin looks to building Ripple into a Bitcoin-inspired universal payment system | Payments 2.0 | Scoop.it
Another day, another Bitcoin-related investment, and further affirmation that VCs are hungry to invest in the ecosystem surrounding the decentralized digital currency.
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