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Happy 5th Anniversary, XRP Ledger!

Since 2012, XRP has been the only digital asset with a clear institutional use case by working to solve the multi-trillion dollar liquidity problem that plagues banks, payment providers and corporates worldwide. Ripple has had a lot to celebrate over the last year! From adding new RippleNet members, to launching our first blockchain conference, to..
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Krungsri Collaborates with Petrochemical Company to Expedite Cross-border Payments and Retain Customers

By using Ripple’s blockchain network, Krungsri is not only able to provide a real-time cross-border payment flow for the petrochemical company, but also provide complete transparency into when the payment would be received. Bank customers — both consumers and businesses — have spoken and they demand a faster way to send money globally. Krungsri (Bank..
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Steinhoff implosion staggers SA

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The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB)..
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Ripple Escrows 55 Billion XRP for Supply Predictability

Ripple has confirmed that the 55 billion XRP cryptographically-secured escrow is complete. Image: Shutterstock Earlier this year, we committed to placing 55 billion XRP in a cryptographically-secured escrow account to create certainty of XRP supply at any given time. As promised, today we completed the lockup. By securing the lion’s share of XRP in escrow,..
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Internet of Value Depends on Interoperability, Not Blockchain Alone

An important and highly relevant question has emerged in the financial industry: How does blockchain technology help institutions easily connect to the increasingly diverse types of payment networks? In our view, the ideal global payments network works just like the internet does — by using a common language to connect disparate systems. An important and..
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Japan Bank Consortium Moves to Become Production-ready

The revolution to drive the Internet of Value is gaining more momentum as Japan Bank Consortium (JBC) — a collection of 61 Japan-based bank members brought together by SBI Holdings and SBI Ripple Asia — announced that it’s made progress to become production-ready on RippleNet. Soon Japanese banks will be quickly onboarded… The revolution to..
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Grand-scale corruption at PRASA covered up by treasury

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For almost a year, National Treasury has kept the lid on almost 200 investigations into PRASA contracts which show that up to R2.5 billion was siphoned off in contracts which should never have been signed. The investigations, into contracts worth R10 million or more, were ordered by former Public Protector Thuli Madonsela following her 2015..
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Unions call for R8,500 instead of R3,000 for farm workers

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Over 100 trade union members from farms across the Western Cape gathered for the Fourth Commercial Stevedore Agricultural and Allied Workers Union (CSAAWU) National congress. The two day conference in Surrey Estate, which started on Friday, will consider climate change, women and youth on farms, migrants, and the proposed minimum wage amongst other things. CSAAWU..
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Gigaba: SA To Raise Revenue By R15bn In 2018’s Budget To Curb Debt

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South Africa will implement spending cuts of R25 billion rand and raise revenue by R15 billion in next year’s budget to contain growing debt, Finance Minister Malusi Gigaba told Parliament on Wednesday. Gigaba said the extra R40 billion, or 0.8% of GDP, would be used to tackle rising public debt which otherwise could balloon beyond..
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