Nordea Bank Forbids Workers From Owning Bitcoin: Denmark Unions Threaten Legal Action

Nordea, the largest Scandinavian bank, could be taken to court over its employee Bitcoin ban if it punishes workers for owning legal bitcoins.

Danish finance and workers’ rights figures have threatened legal action against major bank Nordea after it announced this week that it will ban its employees from owning Bitcoin by Feb. 28.

Speaking to local radio station Danmarks Radio (DK), Danish Financial Federation chairman Kent Petersen joined DJØF Union consultant Niels Mosegaard in condemning Nordea’s move, which came to light Monday.

Nordea is Scandinavia’s largest bank, meaning the legislation will cause 31,500 people to divest themselves of any Bitcoin holdings or exposure as soon as Feb. 28.

“We would consider it a legal offense against the individual,” Petersen told DK about the possibility of challenging the violation of employees’ rights in court. “After all, in Denmark there is still a degree of freedom to invest if it is not a risk for the company you are employed in.”

He added legal action would be considered if a member of either organization was fired as a result of owning Bitcoin after March 1. The majority of Nordea’s employees are members of either one of the two unions, according to The Next Web.

Nordea had defended its decision as prevention of employee participation of “criminal” or “unethical” participation in an “unregulated market.”

Director of media Stine Green Paulsen further agreed with a conclusion put to him by Finans.dk that they could technically “buy as many bitcoins as they liked” before the deadline, adding, however, that this was “not a recommendation.”

As a major Nordea operating area, Denmark has seen increasing hostility towards Bitcoin from regulatory circles recently.

Last month, Denmark’s Central Bank chief warned users to “stay away” from the cryptocurrency, going as far as to describe it as “deadly.”

At the same time, Bitcoin Suisse’s takeover of a major Danish sports team means the country now has a ‘Bitcoin Arena,’ while its players could become the first sports professionals to receive their salary in BTC.

‘Regulate It Out of Existence’: Stiglitz And Swiss Bank Bash Bitcoin At Davos

Two senior economists have objected strongly to Bitcoin versus fiat currency at the 2018 World Economic Forum.

The currently ongoing 2018 World Economic Forum (WEF) is so far producing negative feedback on Bitcoin as economists including Joseph Stiglitz line up to proclaim the superiority of fiat currency.

Addressing Bloomberg TV audiences during the annual event in Davos, Switzerland, the professor and Nobel Prize winner said that cracking down on “secret” Bitcoin use cases would “regulate it out of existence.”

“We have a good medium of exchange called the dollar. We can trade in that. Why do people want bitcoin? For secrecy,” he said.

Stiglitz was joined by Swiss National Bank chairman Thomas Jordan, who in a speech also argued for tough restrictions on how Bitcoin can be used.

“There is an important principle: Similar activities should be similarly regulated,” he told listeners, “and Bitcoin and other cryptocurrencies have some characteristics of other investment instruments.”

“You can’t, on the one hand, heavily restrict cash and on the other hand permit fully anonymous instruments that to a great extent can be used for all manner of transactions.”

The WEF has traditionally brought together proponents, opponents and fence-sitters on Bitcoin and Blockchain technology, with Cointelegraph in attendance at this year’s event.

While cryptocurrency markets continue in a bearish cycle this month, Bitcoin price forecasts have become decidedly more down to earth, while outright critics have also softened their stance.

Fellow Nobel Prize winning economist Robert Shiller, who in September 2017 described Bitcoin as “the best example of a bubble,” went on record last week to say he “doesn’t know what to make of Bitcoin ultimately.”

More Global Payment Providers, IDT and MercuryFX, Sign Up to Use XRP

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 announce that two new partners — IDT Corporation and MercuryFX  — will now use xRapid to quickly settle retail remittances and corporate transactions.

Both companies join MoneyGram and Cuallix, who will use XRP in their payment flows, to enable on-demand liquidity for global payments.

MercuryFX and IDT use XRP to improve customer experience

IDT and MercuryFX both have unique customers and business models. However, they share a common goal of continuously improving their customer experience.

For MercuryFX — a leading global currency exchange provider — their focus is on challenging the status quo in retail remittance payments. Similar to Ripple’s goal of reducing friction in global payments, MercuryFX wants to help payments move in real time, providing a more efficient and transparent customer experience.

“Ripple, XRP and fiat currency fit hand in glove. What we’re doing together is realizing one of the best use cases for frictionless transactions, which is international settlement. xRapid allows us to drive down the cost of currency exchange and global settlement, making our customers more competitive and saving them tens of millions of dollars each year.

“Digital assets promise fast transaction speeds but XRP is far faster than all of them, including bitcoin. Cutting settlement times from hours and days to just three seconds or less will remove billions of dollars in unnecessary intermediary fees,” said Alastair Constance, CEO and founder of Mercury FX.

For IDT —  a publicly traded telecommunications company, which facilitates online money transfers between individuals — the goal is to make sure their customers can send low-cost global payments.

“Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process,” said Alfredo O’Hagan, senior vice president of IDT’s consumer payments business.

“We’re excited to pilot Ripple’s xRapid solution for on-demand liquidity. We expect that xRapid will enable us to settle more transactions in real-time and at a lower cost.”

Payment providers contributing to Internet of Value  

The growing institutional adoption of XRP, through the on-demand liquidity solution, xRapid, shows that real progress is being made towards building the Internet of Value (IoV).

IoV is Ripple’s long-term vision for moving money the same way information moves today — instantly.

With xRapid and XRP, financial institutions can eliminate the need for costly intermediaries or pre-funded Nostro accounts in destination currencies.

Now, these payment providers will be able to send real-time payments at a low cost while giving customers visibility into the status of their payments.

“It’s no secret that XRP is faster and more efficient than bitcoin or any other digital asset. It settles in three seconds and at fractions of a penny,” said Brad Garlinghouse, CEO of Ripple. “Payment providers like IDT Corporation and MercuryFX are early movers because they understand what XRP can do for their business and customer experience. We’re excited to have them at the forefront of the Internet of Value.”

Learn more about how xRapid can help your financial institution source on-demand liquidity and send real-time payments.

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Q4 2017 XRP Markets Report

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 money service business (MSB). These participants tend to be institutional buyers, and their purchases typically include restrictions that mitigate the risk of market instability due to potential subsequent large sales

Additionally, the company sold $71.5 million worth of XRP programmatically as a small percentage of overall exchange volume. For Q4, these sales represented 0.075 percent (7.5 basis points) of the total $95.4 billion2 traded — a decrease from Q3 2017’s 0.20 percent (20 basis points).

Market Commentary: A Quarter for the Ages

XRP markets ended the year with a statement — one that will likely be remembered as a defining milestone in XRP’s history. Though the beginning of the quarter was relatively quiet — with prices trading in a range between $0.203 and $0.30 — XRP began rallying on December 12 and continued moving upwards throughout the month. It quickly reached and exceeded dollar parity on December 21. From there it climbed higher, briefly touching $2.19 on December 30 before retracing somewhat and finishing the quarter at $1.91. This price appreciation represents an impressive quarter-over-quarter increase of 887 percent and a year-over-year gain of 29,631 percent.Given the price activity, in some respects, this quarter felt like Q2 2017. While XRP saw large percentage gains in the second quarter, its notional value was the more poignant story in Q4, expanding from approximately $8 billion at the end of Q3 to $191.0 billion4 on December 31, making XRP the second most valuable digital asset in the world. In short, XRP markets had a record-setting quarter.

An Eventful Quarter

Early in the quarter, market attention was focused on issues between bitcoin and bitcoin cash and the launch of Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) bitcoin futures. The anticipation for futures was particularly distracting, as markets awaited a pivotal development in the history of the digital asset space. Since XRP has historically been relatively uncorrelated to BTC or any other digital asset, it was not entirely surprising that while the rest of the space found its footing earlier in the quarter, XRP consolidated instead.

In late Q4, XRP markets began to connect the dots once again. Of particular importance were the American Express/Santander partnership announcement, the activation of escrow and the connection of Korean banks to the Japan Bank Consortium. The completion of escrow represented the company’s consistent ability to follow through on a previously announced initiative. Additionally, while neither the AMEX news nor the Korean bank initiative involved XRP, these key developments prove that Ripple is gaining customer momentum. Though it’s early, and today most RippleNet members are adopting xCurrent, each one of these client milestones increases the probability that institutions will eventually use XRP and xRapid to take advantage of more efficient liquidity, just like Cuallix does today. As digital asset markets grow and evolve, newer market participants will continue to look to milestones such as these to gauge XRP’s potential.

Lastly, the fourth quarter was also fascinating with respect to other digital assets. There were some great advancements in the space. Unfortunately, there were also some concerning developments, in particular, the very public bitcoin vs. bitcoin cash civil war and concerns around ether (ETH) and litecoin (LTC) leadership commitment. This may be where XRP most significantly distinguishes itself going forward.

As established corporations consider leveraging distributed ledgers and blockchains, especially public incarnations of those technologies, dispute resolution and commitment will be key. Building pivotal infrastructure on top of technology that does not have clear governance is not palatable for large established companies. Also, from conversations with market participants as well as with possible clients, it’s clear Ripple’s consistent and steadfast support of XRP is a major advantage as the payments industry continues to seriously consider it as an alternative liquidity solution.

Dramatic Volume Increases

Of all the developments in Q4, the dramatic increase in volume likely had the most impact on XRP’s likelihood of becoming an international standard for digital-value transfer. In order for XRP to be highly efficient as a settlement asset for cross-currency transactions, it will continue to need greater volume and depth of order books. These market attributes increase its ability to support much larger cross-border payments and thus increase its utility broadly. Overall, Q4 volumes averaged more than $807.6 million per day, a 35,341 percent increase over Q4 2016’s volumes of $2.28 million per day, with much of the volume growth coming late in the last month of the quarter.

Since December 11, XRP’s volumes averaged $2.77 billion per day as the price rally progressed in earnest. Of particular importance is the growth of strategically important XRP/MXN volumes in Mexico, one leg of the first xRapid corridors. In December, XRP/MXN activity increased by more than 25x its volumes in September, and at times outpaced BTC/MXN volumes. We believe this rise in volumes is partly due to additional market maker activity at Bitso, as well as the rise in speculative interest.

Lastly, XRP also became available across more than 50 exchanges globally — which was likely a driver of growth as well. This increased global reach is the result of Ripple’s continued investment in the XRP ecosystem and will more easily allow financial institutions to source liquidity for international payments through XRP going forward.

 

Korea’s Impact Continues

Though Korean markets continued to be a significant driver of XRP activity during the quarter, growing geographic diversification of XRP liquidity lowered KRW market share to 44.8 percent of total Q4 volume.

Interestingly, this retracement of market share didn’t apply to KRW prices. As XRP advanced in Q4, so did Korea’s premium over USD markets. At times, prices were as much as 40 percent higher in Korea than the rest of the world. While it’s still somewhat early to tell, it will be interesting to see if these premiums develop into a leading or lagging indicator of market activity going forward.

Towards the end of December, rumors of a Korean government clamp down on the space began circulating. On December 27, the official news broke. However, much to the market’s surprise, the impact was muted. In fact, many markets — XRP included — continued to rally. However, what seemed like insatiable demand may have some challenges ahead. Given South Korea’s outsized volume share on digital asset exchanges, a more restrictive stance there poses a significant market risk.

What’s on the Horizon for Q1 2018

2018 is likely to be a pivotal year for the broader digital asset markets as a whole, as well as for XRP markets specifically. Q1 will be key to ensuring XRP’s liquidity eventually becomes more like that of existing foreign exchange markets and XRP achieves its goal of becoming the digital standard for international value transfer.

xRapid

On January 11, 2018, we formally announced a partnership with MoneyGram — one of the world’s largest money transfer companies — to use xRapid and XRP for near real-time cross-border payments. In addition, there are a number of other xRapid deals at various stages of completion in the pipeline. We’ll look to make those public as they’re signed and our partners agree to be publicly recognized.

Institutional Hedging and Custody

While customers can use XRP for on-demand liquidity through xRapid, we want to build the necessary markets infrastructure for eventual direct usage of XRP by financial institutions. In Q1, we’ll begin work towards the launch of institutional hedging instruments and custody solutions. Both of these market components are important to institutional adoption and thus are important components of our 2018 roadmap.

1XRP II, LLC is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.
2Volume numbers reference xrpcharts.ripple.com volume data.
3Price data references on-exchange Bitstamp XRP/USD closing 24-hour bar prices.
4XRP total market cap is calculated using total distributed XRP plus total XRP held by Ripple, including XRP held in escrow, multiplied by the closing Bitstamp XRP/USD price on 12/31/2017.

 

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Bitcoin Price Watch; Here’s Where We Want To Enter This Morning

We are about to kick the day for a fresh session of trading in the bitcoin price and things are already looking like we’re going to have an interesting session. Price has moved considerably overnight (albeit in a variety of directions) and things are moving pretty fast heading into the late morning out of Europe.

Here’s what we are hoping for – some degree of strong breakout (ideally to the upside) with a subsequent, sustained run in the direction of the break (again, ideally to the upside). When we see this sort of action, it gives us an opportunity to not only get in on the break but also to ride out the trade towards profitability as the trade matures.

That’s what we’re looking for but, of course, just because we’re looking for t doesn’t mean it’s going to happen, which is why we ensure we’ve always got some strict risk management principles in place on every trade we get into.

So, with all that rambling out of the way, let’s try and get some levels outlined that we can use to push into the session today and that we can use to take advantage of any of the sort of action described above, if and when it comes around.

As ever, then, take a quick look at the chart below before we get started so as to get an idea where things stand. It’s a one-minute candlestick chart (our standard timeframe) and it’s got our primary range overlaid in green.

As the chart shows, the range we’ve got in our sights for the session today comes in as defined by support to the downside at 10975 and resistance to the upside at 11095.

If we see price close above resistance, we’ll jump into a long trade towards an immediate upside target of 11150.

Conversely, a close below support will have us in short towards 10890.

Let’s see how things play out.

Charts courtesy of Trading View

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Litecoin Price Analysis: LTC/USD Consolidating above $150

Litecoin Price Analysis

Litecoin price started correcting higher after testing the $165 support against the US Dollar. LTC/USD seems to be consolidating above the $150 pivot level for the next move.

Key Talking Points

  • Litecoin price is stable above the $150 support level (Data feed of Kraken) against the US Dollar.
  • There is a short-term ascending channel forming with current support at $175 on the hourly chart of LTC/USD pair.
  • The pair may trade a few points higher, but the upside move could be capped by the $190 level.

Litecoin Price Forecast

The past few sessions were mostly stable above $165 in litecoin price against the US dollar. The LTC/USD pair traded as low as $165.51 recently and is currently correcting higher.

The current price action is positive above the $165 level, but it seems to be only a consolidation phase. There was a break above the 23.6% Fib retracement level of the last decline from the $216 high to $165 low.

Litecoin Price Analysis

However, the upside move was capped by the $185 resistance and the 100 hourly simple moving average. Moreover, the 38.2% Fib retracement level of the last decline from the $216 high to $165 low also acted as a resistance.

At the moment, there is a short-term ascending channel forming with current support at $175 on the hourly chart of LTC/USD pair. The pair may follow the channel and move higher towards $185-190.

However, the $185-190 resistance and the 100 hourly simple moving average are major hurdles for buyers. A break above $190 won’t be easy, with the next barrier at $200.

On the downside, the $165 support is a decent buy zone. The most significant support sits at $150 which is a crucial pivot level. As long as the price is above the $150 pivot level, the price may continue to consolidate and prepare for the next move.

The current bias is positive with chances of a test of the $190 resistance. Buyers can consider opting for a small buy around the $165 and $155 level.

Trade safe traders and do not overtrade!

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Atlas Cloud Prepares to Bring 1,000 Bitcoin Miners Online

Multiple major entities around the globe show an interest in Bitcoin mining. That in itself is pretty interesting to keep an eye on. When players like Atlas Cloud Enterprises decide to get involved, things can change very quickly. The company has acquired a total of 1,000 Bitcoin miners. All of these devices are based on ASIC technology. The machines are manufactured by Bitmain and come in the form of the Antminer S9. It is evident Atlas Cloud has big plans for cryptocurrency mining moving forward.

Atlas Cloud is one of the latest big players to get on board with Bitcoin mining. The company will set up this venture at the Grant County Data Center. This particular venue will be converted into a full-fledged Bitcoin mining operations center. Until this change is complete, the company is working on a private co-located hosting arrangement. This confirms the company wants to get started with Bitcoin mining as soon as possible. Purchasing 1,000 Antminer S9 machines from Bitmain will be sufficient to get the ball rolling in this regard.

Atlas Cloud Embraces Bitcoin Mining

As of right now, the 1,000 units have arrived at the co-hosting location. It is expected the first batch of hardware will begin mining Bitcoin on or around February 1st. It will take some time to set up all machines properly, but the process should be completed two weeks later. With this mining capacity, Atlas Cloud will add 13.5 petahash to the Bitcoin network. This is not the biggest number, but it will help decentralize Bitcoin mining as a whole. More companies getting on board can only be considered to be a positive and welcome change.

Atlas Cloud expects to mine around 1.52 Bitcoin per day. At the current value, that would equate to over $15,500. Moreover, it seems the company will focus on mining through Slush Pool. That is a big feather in the cap of Bitcoin’s oldest mining pool to date. Depending on how much returns the company gets, they will swap between BTC and BCH mining. It is evident mining cryptocurrencies is about so much more than just Bitcoin these days. Bitcoin Cash tends to become more profitable on a regular basis.

Once the data center is ready, the miners will be moved to the new location as soon as possible. With an electricity cost of $0.03/kWh, it is a far more favorable location. It is expected 80% of the 3 MW of available power will be utilized from day one. This would mean Atlas Cloud cna add another 500-700 units until the maximum capacity is reached. An additional 2.0 MW will be added in 2019. The company has long-term plans for cryptocurrency mining, which is a positive sign. Electric City, Washington appears to be an interesting hub for cryptocurrency mining operations.

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Ethereum Price Technical Analysis – ETH/USD is Still Bearish?

Key Highlights

  • ETH price recovered a few points, but it faced strong sell offers near $985 against the US Dollar.
  • Yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is struggling to move above the trend line resistance at $980 and is currently moving lower.

Ethereum price faced a lot of sellers recently against the US Dollar and Bitcoin. ETH/USD needs to break the $980 and $985 resistance levels to gain upside momentum.

Ethereum Price Resistance

There was a short-term recovery initiated in ETH price from the $904 swing low against the US Dollar. The price traded above the $950 and $960 resistance levels, but it failed to retain the bullish momentum. There was a break above the 50% Fib retracement level of the last drop from the $1071 high to $896 low. However, the upside move faced a strong resistance at $1000-1005.

A fresh downside wave was initiated from the $1009 high. ETH failed to move above the 61.8% Fib retracement level of the last drop from the $1071 high to $896 low, which is a negative sign. More importantly, yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD. The pair is currently moving lower and is trading below the $975 level. It seems like the trend line resistance at $980 may continue to act as a major hurdle for buyers.

Ethereum Price Technical Analysis ETH USD

If buyers succeed in pushing the price above $980, there is a chance of further gains above $1005 in the near term. On the downsides, the $910 level is an initial support followed by the last low of $896.

Hourly MACD – The MACD is slowly gaining pace in the bearish zone.

Hourly RSI – The RSI is currently struggling to move above the 50 level.

Major Support Level – $910

Major Resistance Level – $980

 

Charts courtesy – SimpleFX

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Bitcoin Cash Price Technical Analysis – BCH/USD Fails Once Again

Key Points

  • Bitcoin cash price started an upside recovery from $1494, but failed to gain momentum against the US Dollar.
  • There was a break above a connecting bearish trend line with resistance at $1600 on the hourly chart of BCH/USD (data feed from Kraken).
  • The pair traded higher, but failed to retain momentum and started a new downside move below $1600.

Bitcoin cash price is struggling to gain momentum above $1650-1700 against the US Dollar. BCH/USD may resume its downtrend and it could even break the $1500 support.

Bitcoin Cash Price Resistance

There was a minor recovery initiated in bitcoin cash price from the $1500 swing high against the US Dollar. The price moved higher after trading as low as $1494. It moved above the $1550 and $1600 resistance levels. There was also a break above a connecting bearish trend line with resistance at $1600 on the hourly chart of BCH/USD. The pair traded past the $1650 level, but it failed to gain momentum.

Even the 23.6% Fib retracement level of the last drop from the $2123 high to $1494 low was broken. However, BCH buyers failed to break the $1680-1700 resistance levels. It traded close to the 38.2% Fib retracement level of the last drop from the $2123 high to $1494 low before starting a fresh downside wave. BCH is currently trading below the $1600 level and it looks like the price could decline further.

Bitcoin Cash Price Technical Analysis BCH USD

On the downside, the most important support is at $1500. An hourly close below $1500 could ignite further declines in BCH toward the $1420 level in the short term. On the upside, the price faces a strong resistance at $1680-1700.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is losing momentum and is moving back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently well below the 50 level.

Major Support Level – $1500

Major Resistance Level – $1680

 

Charts courtesy – Trading View, Kraken

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Much Ado, Much To Do – Part 2

This is the second post of three in a series on Ripple’s vision and product strategy. You can read the first here and the final post here.

Our Strategy: Partner and Rebuild

We learned early in our journey that despite what Bitcoin purists will preach, financial institutions aren’t the enemy. Money is a powerful tool — mostly used for constructive purposes — but can be used for harmful, criminal activity. To encourage constructive development and prevent criminal use, governments regulate payments.

Financial institutions have built the systems and teams to legally operate payments businesses.

They’re experts in operating payments businesses.

We don’t see a future without financial institutions.

Starting in the early days, we’ve taken the approach of partnering with financial institutions to rebuild payments infrastructure. They are our customers.

When we say “financial institutions,” we don’t just mean banks. Importantly, our customers are banks and many breeds of payment providers (money transfer operators, payment networks, mobile wallets, etc.).

There are challenges to partnering with financial institutions and rebuilding global payments infrastructure compliantly — it takes time. To solve a problem as big and complex and impactful as the one we’re solving, doing it the right way is worth the time investment!

By partnering with financial institutions (FIs), we attack three root cause issues with cross-border payments:

  • Speed and certainty
  • Liquidity management
  • Connection standardization

We’re working to address these three issues simultaneously.

Strategy One: Solve Speed and Certainty with xCurrent

Today, cross-border payments are slow, opaque and unreliable, in large part due to the fact that FIs can’t easily communicate information about a payment between each other.

xCurrent, software FIs install as part of their core payments processing infrastructure, enables FIs to communicate information about a payment between each other in real-time, and settle the payment instantly. xCurrent doesn’t use XRP as part of the solution. We’ll get to how XRP fits into the ecosystem next.

We first introduced xCurrent in late 2015 and we launched an enterprise-ready version of it in early 2016.

As the most mature in our product suite, it’s gained the most adoption across banks and payment providers. We only sign customers who are serious about using xCurrent commercially. We don’t waste our time on proofs of concept or science experiments at innovation labs.

Customers almost always start with a pilot that tests the software using real funds (duh!), before deploying xCurrent commercially. A commercial deployment means the institution processes their customers’ payments through xCurrent.

One customer describes the implementation process as sensitive as “changing a jet engine in flight” since xCurrent directly integrates with an FI’s core payments processing infrastructure. As you might expect, the process of signing an FI, running a pilot with them, completing a production deployment and then transitioning payments volume from their old system to xCurrent in a careful and measured way takes a matter of months.

SBI Remit and Siam Commercial Bank went live with Ripple-powered remittances last June. Their customers send more payments more frequently now — a strong signal they like the service!

SEB, a large Scandinavian bank, has now processed close to $1 billion in cross-border payments over xCurrent. Feedback has been so positive on speed and reliability, SEB is expanding its offering of Ripple-powered payments to more of its customers.

Considering FIs haven’t changed this infrastructure since the 1970s(!!), we’re incredibly pleased with the rate of adoption and the success these early adopters report back to us.

Continue reading, “Much Ado, Much To Do – Part 3.”

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