At present two banks in different countries have to use one of a handful of large “correspondent banks” to transfer money between them. With Ripple, they should be able to interact directly...

For the benefits of electronic payments to fully reach the two billion people that lack financial services, new infrastructure that makes serving the poor more economical is essential...

Payments are essential to the prosperity of the poor because they provide access to the global economy. Yet, moving money is one of the most underappreciated challenges facing financial inclusion today...

The W3C’s Web Payments Interest Group is discussing two approaches for improving the user experience, speed and security of payments...  

As Coinbase makes its services available in the U.K., Ripple Labs, the company that manages the Ripple payment protocol based on distributed consensus, is making inroads with Western Union...  

News broke yesterday at the Milken Institute’s Global Conference 2015 that Western Union is planning an “experiment” with Ripple Labs, the group behind the Ripple protocol...

Ripple Labs, which develops a payments protocol for value transfer over the Internet, has hired long-time Yahoo executive and former Hightail CEO Brad Garlinghouse as its COO...  

Brad Garlinghouse, who as a Yahoo! Inc. executive wrote the “Peanut Butter Manifesto” strategy memo, is joining digital-currency startup Ripple Labs Inc. as chief operating officer...

"Ripple is not a competitor to Facebook but rather a better alternative payments infrastructure. With Ripple, the actual movement of cash would better mirror the Facebook user experience – instant settlement of money across borders and currencies so that it shows up in the destination account instantly alongside the messaging notification..."

“Everyone has now recognized the emerging economies have leapfrogged them in terms of technology,” said Dilip Rao, who was named managing director of Ripple Labs APAC this week. Ripple Labs is setting up shop in Sydney, Australia because of demand for the Ripple real-time transaction settlement protocol. It’s the first time Ripple Labs has set up a subsidiary company internationally...

From banks' perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like Bitcoin, according to Houman Shadab, a professor at New York Law School whose research frequently focuses on these technologies...

More than 850 bankers and treasury professionals from across Europe are expected to descend on Amsterdam in May to hear senior executives from ING, ABN Amro, HSBC, RBS and Deutsche Bank speak at EBAday 2015, the continent's pre-eminent annual payments event. The Amsterdam RAI venue, which has previously hosted Sibos, will see 17 in-depth conference sessions, covering everything from real-time payments, regulations such as the second EU payments services directive, electronic and mobile payments, and data…

It is easy to pigeonhole Ripple Labs. That’s that bitcoin company, right? The thing is, Ripple Labs is way beyond bitcoin, even beyond “cryptocurrency.” Rather, Ripple Labs is the leading purveyor of what it calls the “distributed ledger.” Put simply, a distributed ledger is a means for massive corporate banks to settle transactions — amongst themselves...

The report points to Ripple's partnerships with banks like Fidor, CBW Bank and Cross River Bank as evidence that the network allows these institutions to perform international money transfers without depending on large banking partners. Innovations in network technology and cryptography could change the speed and mechanics of moving money.

In a prescient presentation here at Bank Innovation 2015, Chris Larsen, the founder and CEO of Ripple Labs, described a future where value is transmitted and transferred with the same ease as data is pinged around global networks...

The multistep correspondent-banking model is being transformed by new entrants touting faster, cheaper services thanks to cryptocurrency technology. Bitcoin now gives correspondent banking customers the option of sending money to one another directly, cutting financial institutions out of the process, said Wim Raymaekers, Swift's head of banking markets. Meanwhile, Ripple Labs' distributed-ledger technology allows local banks to move money back and forth while sidestepping automated clearing houses...    

Fidor Bank, a branchless German institution known for experimenting with technologies most bankers won't touch, plans to enter the U.S. consumer banking market with a digital-only account aimed at millennials. Fidor is one of the very few banks in the world to embrace cryptocurrency, working with startups including Ripple Labs. The bank's U.S. service will include a real-time international money transfer network, which could be implemented through the Ripple protocol...

Recently, even the Federal Reserve acknowledged that the blockchain infrastructure and processes could serve as an inspiration for reform within the central bank. One example is Ripple, the leader in terms of investment and infrastructure...

It’s a worry for many people that legitimate cross-border transactions are becoming prohibitively expensive and burdensome because of over-zealous enforcement of anti-money laundering rules. Can the cost of small volume cross-border transactions be lowered by using bitcoin as a ‘bridge currency? A elegant solution has been proposed by a company named Ripple...

A meeting hosted by the US-based journal Foreign Affairs Thursday discussed digital banking and digital identities with an assembly of bank and tech experts. “Payments are the backbone of the financial system. We have a national economy. The idea that we are going to create a fragmented payments system by state just makes me sad," said Ripple Labs chief compliance officer Karen Gifford.  

Ripple Labs sees a scenario in which banks could use its technology to send money to each other cheaply and in real time. In this hypothetical future, "banks can then move these balances across the ledger bilaterally without having to rely on the central bank's server to reconcile and record the payment transfer," said Patrick Griffin, head of business development at Ripple Labs...

Ripple CEO Chris Larsen is on a mission to create nearly instantaneous transactions. "You can’t do that now," Larsen says. But Ripple is cutting down the transfer time from days to seconds—and enabling customers to digitally exchange anything of value, be it digital or traditional currencies, gold, or even airline miles. It accomplishes this by essentially rewiring the way transfers are happening...

The release of the Federal Reserve's road map for building a speedier, safer payments system earlier this week triggered eager speculation about how anonymous transactions and cryptocurrency could figure into the effort. This webcast lent further credence to speculation that the payment protocol developed by Ripple Labs, as well as Bitcoin technology, could figure into the Fed's vision for a faster payments system...

The Fed's report, which also discusses payment security, lays out four different options for building a faster payment system. Each of them will be studied further. A second option involves using common protocols and standards to facilitate the clearing of transactions over the Internet. The Fed's report does not say this, but the payments protocol developed by Ripple Labs appears to be an example of the kind of system that the paper envisions here...

When asked about digital currencies like bitcoin and the technology’s ability to deliver cheaper global transactions, Gates said he thinks bitcoin will not be the distributed payment system used in the future, but that it holds the potential to make a huge impact nonetheless. Gates said: “There’s a lot that bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically...

Susan Athey: Ripple Labs, for which I am an adviser, supports a protocol that allows clients to transfer funds from one currency to another (say, dollars to euros) using a secure digital ledger. Their technology moves money around the globe in seconds by first finding the most efficient path between trading partners...

Major benefit: Ripple keeps clear from banks’ income streams. Ripple does not compete with banks, but complements them. So Ripple starts out as the most basic layer in the financial chain, giving the opportunity to move up, and possible, in the future, replace the whole SWIFT and SEPA layers. But for now, focus on settlements...

Bill Gates: There’s a lot that Bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically. But Bitcoin won’t be the dominant system...

Per release: “Ripple Labs … announced that it has named Gene Sperling, the first person to serve as National Economic Council Director and National Economic Advisor for two presidents, to its Board of Directors. ‘I am excited to join Ripple Labs and their mission to dramatically increase the speed and efficiency of cross-border payments through a common Internet protocol,’ said Sperling..."

In a further sign of mainstream interest in virtual currencies, Ripple Labs, whose technology can be used to transfer Bitcoin and other currencies, announced on Tuesday that former White House economic adviser Gene Sperling would be joining its board...

Ripple Labs has named a former economic advisor to both former President Bill Clinton and current President Barack Obama to its board of directors. Gene Sperling served as director of the National Economic Council during the Clinton years. He was later made head of the economic advisory group under Obama after serving as an advisor to then-Treasury Secretary Timothy Geithner...

"I am excited to join Ripple Labs and their mission to dramatically increase the speed and efficiency of cross-border payments through a common Internet protocol," said Sperling. "The currency-neutral Ripple protocol is a unique technology that can fundamentally transform correspondent banking and lead to real-time payment systems. Furthermore, by seeking to do for payments what HTTP did for information sharing, the Ripple protocol can help advance the movement toward universal access to financial markets and services..."

In the past, Andolfatto has been bearish on bitcoin as a currency, arguing that distributed payment systems like Ripple come closest to unlocking the full power of bitcoin’s original ledger. Unsurprisingly, he indicated that he doesn’t see the uptick in the merchant adoption of bitcoin as payment a sign that this conjecture might be wrong...

To complete the analogy, Ripple is saying that the world’s current payment infrastructures are a lot like the early days of email.  And now with the Ripple protocol, we now have the financial equivalent of SMTP in our hands.  The potential result being (nearly) instant payments, globally and cheaply.

Another well-funded effort that’s working outside the Bitcoin tent is Ripple Labs, a San Francisco startup that’s building a digital currency-based platform for banking services. In the short term Ripple’s developers see it powering international remittances, moving money around the world cheaply and quickly. Down the road, its creators envision more innovative applications — such as a system for the music business that rolls together artists’ rights management and royalty payments, with a blockchain securing the complex ownership…

Some offer real innovation: Ripple and Stellar do away with mining altogether and use other mechanisms, such as voting, to create the currency and update the blockchain...

"The distributed technology creates a structural change to allow all those funds to compete for those retail streams," says Chris Larsen, cofounder and chief executive officer of Ripple Labs. Larsen estimates the distributed ledger configuration could lower international payments expenses down to the cost of holding capital − in the range of 30 to 50 basis points. Banks can experiment with how they want to price the service to make some profit, he notes...

One company that is making dramatic foray here is Codius which offers an ecosystem for Smart Contracts...

The customer "wouldn't need to go around revealing [personal details] to everyone," says Karen Gifford, the chief compliance officer at Ripple Labs, a digital-money startup that, like Hub Culture, endorses the Windhover Principles...

The following people received a significant number of votes in our reader poll: Barry Silbert(investor and founder of Digital Currency Group), Brock Pierce (investor and Bitcoin Foundation board member), Chris Larsen (founder and CEO of Ripple Labs), Daniel Larimer (founder ofBitShares), Josh Garza (CEO of GAW Miners) and Patrick Byrne (CEO of Overstock.com)...

Some banks are using Ripple Labs’ cryptocurrency network for international transfers. Some Federal Reserve district banks are looking at how the technology might streamline the Fed’s interbank payments system...

CBW was also one of two American banks that signed up with a Silicon Valley start-up called Ripple that is trying to pioneer a cheaper way to move money between any currencies...

The problem is simply that no central database exists to keep track of information about music. Decentralized, open-source, global cryptocurrencies such as Bitcoin and Ripple offer a model for how we might address this bedeviling status quo...

The partnership with Ripple will bring together the San Francisco-based firm’s software with London-based Earthport’s payment services system. Ripple aims to shake up the correspondent banking model with low-cost money transfers and foreign exchange transactions, pitching to institutional clients such as large banks...

Ripple Labs and Earthport have agreed to plug Ripple’s real-time settlement protocol into Earthport’s payments hub. This will allow Earthport’s customers to be able to use Ripple’s friction-free cross-border payments technology while operating within strict regulatory boundaries...

With Ripple, Earthport clients will now be able to send money in real-time to bank accounts. There's "less chance of fail in the middle, which happens all the time in correspondent banking," said Larsen. The partnership with Earthport will likely accelerate the Ripple protocol towards critical mass, since each bank or partner will need to only connect into Earthport's hub to use Ripple...

Ripple Labs is to plug its real-time settlement protocol into the Earthport payment hub, opening new channels to market for the open source transaction technology. Under the partnership, Earthport’s customers will be able to utilise Ripple’s friction-free cross-border payments technology while operating within strict regulatory boundaries...

Ripple Labs has partnered with global payments company Earthport, providing new channels for enterprise access to Ripple’s open-source transaction protocol. Ripple Labs CEO Chris Larsen called the partnership “a watershed moment” for the company, adding that the move is crucial in its continuing bid for the banking industry to embrace distributed ledger systems...

The Senate first tasked the Economics References Committee with examining the impact of digital currencies in early October. Ripple Labs, CoinJar, BitAwareAustralia, the Bitcoin Foundation, the Bitcoin Association of Australia and the Australian Digital Currency Commerce Association have all filed submissions, along with the Reserve Bank of Australia, the Australian Bankers' Association, the Australian Taxation Office and, of course, MasterCard...

The former MIT and Harvard professor has a whole host of other accolades to her name: member of the National Academy of Sciences, member of the American Academy of Arts and Sciences, plus many more. She also was the first chief economist hired at Microsoft, as a consultant, and she now serves on the board of Ripple Labs, the creator of the Ripple protocol, a more bank-friendly alternative to Bitcoin.

What Bitcoin, and the even more promising Ripple network do, is not to poke a hole in banking’s basic business models—lending, deposits, trading, and money exchange—but to create the embryos for entirely new markets typically referred to as the Internet of Value.

RBS built on top of its existing FXMicropay service, which offers wholesale foreign exchange capabilities and automatic real-time deal aggregation to businesses in order to price goods and services in their customers' local currency, effectively shifting the FX market risk to the bank. The team at RBS used the open-sourced payments and remittance network from Ripple Labs to add various crypto-currencies onto the FXMicropay service - those included bitcoin, litecoin and Ripple Labs' own ripples…

According to Chris Larsen, co-founder and chief executive of Ripple Labs, “With Ripple powering real-time payments and Yantra’s platform providing real-time risk scoring, the combined solution will help banks improve their visibility into transactions and better manage risk..."

Ripple’s Greg Kidd said that his company “would be happy if there were good regulations,” stating that such frameworks actually make it easier for businesses to expand and grow. He added that ultimately, bitcoin startups need to get the proper licensure if they plan on continuing to operate in the United States given the regulatory framework taking shape there...

Transferring money across borders through traditional correspondent banking networks can be time consuming and expensive for both business and consumers. Chris Larsen, CEO of Ripple Labs, believes he has the solution in Ripple, his open-source payment and currency exchange system, which can integrate with banks’ existing networks...

An identity solution that gives control of personal identity back to the individual would reduce operational costs of businesses that never wanted to be in the information security business in the first place. It would also go a long way in tempering longstanding issues of online privacy because personal details could actually remain private...

Ripple Labs has been making waves in the money movement sector, lately, and the company has ambitions that extend even beyond the world of currency. Last month, it announced three new bank partners — and now a London-based startup called Ripula has built a gateway to Ripple’s platform, the first in the U.K...

Most Bitcoin companies have been hesitant to work with regulators and the traditional payment system, but Ripple has been more proactive working within the regulatory guidelines and developing partnerships with banks. In September, Cross River Bank in Teaneck, N.J., and CBW Bank in Weir, Kan., became the first lenders in the U.S. to transact currencies across borders through Ripple's money settlement platform...

Ripple Labs chief compliance officer Karen Gifford, who helped author the framework, told CoinDesk that the wide support for the principles shows that the bitcoin community is beginning to galvanize around the subject of identity...

"The idea that privacy, security and transparency 'have to be balanced' — if you deconstruct that sentence, it's saying that we have to give up some privacy so there's transparency, or give up transparency so there can be privacy," said Karen Gifford, chief compliance officer at Ripple Labs, one of nearly two dozen digital currency firms that endorsed the principles Monday...

"There is no real-time settlement in our current value exchange system," says Chris Larsen, cofounder and chief executive officer of San Francisco-based Ripple Labs Inc., a company that has developed its own math-based protocol, dubbed Ripple, to accelerate payments in any currency. "It's a big deal for small businesses and merchants who otherwise are having their money tied up for many days."

Just as we needed a way to freely share information, we needed a way to freely exchange value. Implementing a standardized payment protocol was a natural fit. But while data can live in a world where it’s easily reproduced, value inherently exists as the result of scarcity...

In conversations with CoinDesk, executives from both banks explained why protocols like Ripple are a step toward what could become an “Internet of money”, and how these systems can change the way people send money around the world…

Two U.S. banks, New Jersey-based Cross River Bank and Kansas-based CBW Bank, are set to announce their use of the Ripple currency protocol, which would allow instant and free cross-border payments on the network…

Patrick Griffin, Ripple Lab’s executive vice-president of business development, said the system allows smaller banks to transfer money abroad by connecting to  existing Ripple clients, such as Fidor Bank of Germany. And they can provide low-cost cross-border transfer services to other small U.S. banks…

Payment network Ripple Labs just snagged is to U.S. banks closer to its goal of frictionless payments worldwide.  CBW Bank and Cross River Bank, based in Kansas and New Jersey respectively, will be using Ripple to making global money transfers and payments…

“Ripple changes the dynamics of value, allowing for a real-time market that can instantly trade between gold, currency, mobile minutes, and more,” GBI’s co-founder and CEO Steven Feldman said. “Our integration into Ripple allows us to continue our push into digital currencies by enabling investors to now buy digital physical gold…”

Ripple, a digital payments network that allows people to transact in a range of virtual and traditional currencies, said it had developed a way for people to transact in a digital form of gold…

From information and communication to music and television, the Internet has helped transform every aspect of our lives. Well, every aspect except banking. In the last three decades — while our smartphones transported us to the future — our banks got left behind…

The Ripple protocol is a distributed exchange network that allows exchanges between any fiat currency as well digital currencies like bitcoins and ripples. Using this protocol, users in the U.S. can send dollars to places like Mexico, routing the transaction through the lowest-cost exchange path on the network, and have the payments converted into pesos

San Francisco-based Ripple Labs, a startup focused on building payment and digital asset networks, has unveiled a comprehensive plan for the development of a new smart contract system. Called Codius, the proposed system will be programming language agnostic and work with existing monetary and contractual systems…

The Ripple network is designed to handle payments any local currency, cryptocurrency or good that users want to trade. As a multi-currency exchange, Ripple pathways allow users to send money in one currency and receive it in another. Recently AstroPay, a licensed money services business launched Ripple LatAm, connecting the Latin America market with Ripple Labs’ network partners […]

Ripple Labs is one of the most influential startups in the virtual currency space. Chris Larsen, who also headed up the alternative lending company Prosper, and company have focused on using the bitcoin platform to facilitate real-time payments, without the need for a third-party or using credit to facilitate payments…

It’s all too easy in this era of instant gratification and mobile internet access to say that payments should move at the speed of lightening. But building mobile payment apps and wallets on top of the antiquated system of traditional money means that you are building high speed trains for low speed rails…

A new licensed money payment network based on the Ripple Labs payment network is to launch in seven Latin American markets. “Ripple LatAm effectively opens the region for business, allowing for real-time B2B cross-border payments between markets in each partner’s currency of choice,” Ripple LatAm said in a statement…

The Ripple protocol allows users and businesses to send any kind of currency across its network nearly instantly to other individuals and businesses in the coverage zone.  Not only are payments recieved quickly, they are also taken in the recipients native coin…