1. Blockchain Phones aren’t Far Anymore: HTC Exodus to Introduce on October 22
  2. Ex-Coinbase Executive Adam White to join ICE’s Crypto platform Bakkt as COO
  3. Crypto Hacks Caused Around $1 Billion Loss, So Far This Year
  4. XP Investimentos’ Crypto Exchange Won’t Enable Users to Deposit or Withdraw Bitcoin
  5. Roger Ver: Bitcoin.Com May Introduce Its Own Crypto Exchange
  6. CFTC Constraints Harder on Cryptocurrency Scam under Trump’s Administration
  7. Blockchain Startup to Fund British Masters Tournament
  8. Israel Securities Authority Adopts Blockchain to Improve Cybersecurity
  9. Bill Clinton Acknowledged Blockchain’s Immense Potential
  10. Siam Commercial Bank First to Experience Updated Ripplenet’s Multi-hop Payments Feature
  11. Ethereum to Rebound Strongly Towards the End of 2019: Tom Lee
  12. TD Bank to add blockchain and AI Solutions
  13. North Korea Multiplies the Crypto Usage to Refrain from US Sanctions
  14. Cryptocurrency Needs Regulation to Survive
  15. Binance Crypto Exchange Introduces Binance Info 2.0 
  16. Cryptocurrency market drops
  17. Coinbase Introduces Four New GBP Crypto Trading Pairs
  18. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  19. Recent slump not a setback: says the Ethereum founder.
  20. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  21. Utility of several top cryptocurrency questionable, says a study.
  22. Sinking Bitcoin Helps Crypto Miners Profit
  23. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  24. What makes the crypto markets “weak”?
  25. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  26. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  27. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  28. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  29. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  30. XRP Led Cryptocurrency Exchange By AlphaPoint
  31. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  32. HTC and crypto currency: virtual currency in the smart phone market.
  33. Crypto currency: the strife of RBI continues.
  34. United Kingdom set to become the world leader in cryptocurrency industry
  35. Resuscitation of the crypto currency markets.
  36. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  37. WEX exchange and its spectacular technical goof ups.
  38. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  39. Virtual Currency enters academics
  40. The newest Ripple (Pun intended).
  41. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  42. India lagging in virtual currency as RBI wins the legal battle.
  43. Ibinex: So far so good.
Tuesday, October 16, 2018
Banner Top
  1. Blockchain Phones aren’t Far Anymore: HTC Exodus to Introduce on October 22
  2. Ex-Coinbase Executive Adam White to join ICE’s Crypto platform Bakkt as COO
  3. Crypto Hacks Caused Around $1 Billion Loss, So Far This Year
  4. XP Investimentos’ Crypto Exchange Won’t Enable Users to Deposit or Withdraw Bitcoin
  5. Roger Ver: Bitcoin.Com May Introduce Its Own Crypto Exchange
  6. CFTC Constraints Harder on Cryptocurrency Scam under Trump’s Administration
  7. Blockchain Startup to Fund British Masters Tournament
  8. Israel Securities Authority Adopts Blockchain to Improve Cybersecurity
  9. Bill Clinton Acknowledged Blockchain’s Immense Potential
  10. Siam Commercial Bank First to Experience Updated Ripplenet’s Multi-hop Payments Feature
  11. Ethereum to Rebound Strongly Towards the End of 2019: Tom Lee
  12. TD Bank to add blockchain and AI Solutions
  13. North Korea Multiplies the Crypto Usage to Refrain from US Sanctions
  14. Cryptocurrency Needs Regulation to Survive
  15. Binance Crypto Exchange Introduces Binance Info 2.0 
  16. Cryptocurrency market drops
  17. Coinbase Introduces Four New GBP Crypto Trading Pairs
  18. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  19. Recent slump not a setback: says the Ethereum founder.
  20. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  21. Utility of several top cryptocurrency questionable, says a study.
  22. Sinking Bitcoin Helps Crypto Miners Profit
  23. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  24. What makes the crypto markets “weak”?
  25. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  26. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  27. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  28. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  29. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  30. XRP Led Cryptocurrency Exchange By AlphaPoint
  31. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  32. HTC and crypto currency: virtual currency in the smart phone market.
  33. Crypto currency: the strife of RBI continues.
  34. United Kingdom set to become the world leader in cryptocurrency industry
  35. Resuscitation of the crypto currency markets.
  36. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  37. WEX exchange and its spectacular technical goof ups.
  38. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  39. Virtual Currency enters academics
  40. The newest Ripple (Pun intended).
  41. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  42. India lagging in virtual currency as RBI wins the legal battle.
  43. Ibinex: So far so good.

Ripple has recently updated its global payments network that is RippleNet. Ripplenet’s new feature offers multi-hop payments.

A notable issue in the Association of South Eastern Asian Nations [ASEAN], is the inefficient management of global liquidity. Because of the lack of liquidity between the various local currencies in the area, Asian Nations have to depend on conversions to USD for liquidity. Thus, they have to pay through multiple correspondent banks.

This method consists many flaws such as having to pay two sets of Foreign Exchange fees, no backing for low-value payments like those made by Small and Medium Enterprises.

RippleNet’s prominent feature is that it will eliminate the requirement of direct one-to-one connection to settle payments. The feature is aimed to resolve the inefficient management of global liquidity.

With this, Ripple declared in an announcement “Using multi-hop, SCB will be able to receive and forward on payment without a bilateral relationship between the originator and beneficiary institutions.”

This feature enables financial institutions to directly connect to the SCB, which allows for settlement and payment and it doesn’t require to go through an expensive process.

Further, Ripple added that all customers of RippleNet would be able to see “faster and cheaper payments” thanks to the implementation of this feature. They also claimed that this would take us to a “seamless payments experience” in and out of ASEAN countries. The latest feature was introduced in conjunction with Siam Commercial Bank in Thailand.

Though, with all these advantages multi-hop payments also have a quite a risk of failure. As the payment passes through a large number of correspondent banks, which can create more points of failure.

Ripple has a solution to this problem. But Ripple didn’t elaborate on how they achieved this. Apparently, It is done with the help of InterLedger Protocol, which is a software suite supposed to settle payments across ledgers. They stated in a Ripple document about an aspect of the ILP which allows to make conditional payments and then fulfills the conditions for the payment. This decreases the risk to a large extent in multi-hop payments.

As Ripple said, “The Escrow feature makes the XRP Ledger ideal for bridging multi-hop payments using the Interledger Protocol because it natively supports transfers that deliver XRP…and it executes those transfers within seconds of being presented with the matching fulfillment.”

On that note, Dilip Rao who is Ripple’s Global Head for Infrastructure Innovation added that “Milestone in the scaling of #RippleNet! Now ANY regional bank can act as a correspondent bank, connecting originators and beneficiaries with multiple intermediate legs, yet with full transparency of data and an atomic (single) settlement across all legs. Fees down, speed up!”

All in all, Ripple is improvising its product, for the better experience !!

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