$33M Worth XRP Transaction Detected

Addresses are not assigned to organizations or to a specific person
28 December 2018   1436

On December 27, a transaction for 90 million XRP was recorded in the Ripple network, the total amount of which at the time of the transfer was about $ 33 million. Note that the sender's and recipient's wallets are not assigned to organizations or to a specific person.

This was followed by another major transaction for 30 million XRP ($ 11 million). It isn't  associated with the exchanges or the company.

Note that last week 51 million XRP ($ 22.3) were transferred to the Bitstamp exchange, and today, December 28, another 17.5 million coins from the Ripple OTC wallet.

Meanwhile, the XRP rate follows a general downtrend, losing in the price about 5% in the last 24 hours.

Earlier, Coinbase confirmed the movement of cryptocurrencies for a total of $ 5 billion.

DeeMoney to Join RippleNet

RippleNet consists over 300 companies around the world, that can perform almost instant exchanges thanks to this network
19 March 2020   286

Thai fintech company DeeMoney became the first non-state company in the country to use RippleNet technology for fast international payments.

More than 300 financial institutions around the world are already members of the RippleNet payment network. The exchange of payments between these organizations occurs almost instantly.

Ripple is currently at the forefront of technology and compliance regulations[…]This brings in finance in Thailand by bringing a new level of efficiency and accessibility for cross-border transactions to and from the nation.

 

Aswin Phlaphongphanich

CEO, DeeMoney

According to Marcus Treacher, senior vice president of customer service at Ripple, there is a real revolution in Thailand's banking industry.

By being the first non-bank institution in Thailand to use RippleNet, it redraws the boundaries and rules of engagement by providing efficient international transfers at low fees and competitive rates. 

 

Marcus Treacher

SVP of Customer Success, Ripple

Currently, DeeMoney is already accepting payments in Thailand using RippleNet, and when the second phase of cooperation is launched, the company will be able to send funds abroad using the blockchain system.