Ripple and REMME joined Hyperledger

In total, 14 new member joined Hyperledger consortium
29 March 2018   2029

Founded by the Linux Foundation, the Hyperledger consortium has been enriched by 14 new members, including Ripple and REMME, a Ukrainian startup specializing in security solutions.

Through our partnership with Hyperledger, developers worldwide will be able to access Interledger Protocol (ILP) in Java for enterprise use. The Hyperledger Quilt project connects Hyperledger blockchains with other ILP-capable payment systems such as XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, Mojaloop and RippleNet, helping us to deliver on our vision for an Internet of Value – where money moves as information does today.
 

Stefan Thomas

CTO, Ripple

Other new members of Hyperledger include:

  • Beijing Truth Technology
  • Blockchain Technology Partners
  • CULedger
  • Greenstream Technology
  • KompiTech
  • MATRIX Foundation
  • Shenzhen Rongxun Technology
  • Spin Systems
  • Versia
  • Xiilab Co

To date, the consortium has more than 200 organizations from 25 countries that work in such areas as finance, the Internet of things, the supply chain, industrial production and technology.

Previously, Interledger protocol worked only with JavaScript, but last year Ripple entered into an agreement with the Japanese company NTT Data to improve it. After the completion of the development, the company sent Hyperledger a new product, later named Hyperledger Quilt.

Ripple to Write Open Letter to US Congress

Ripple's execs asked congress to support the development of the technology
29 July 2019   295

Brad Garlinghouse, head of California-based Fintech startup Ripple, and co-founder Chris Larsen, wrote an open letter to the US Congress on the eve of relevant hearings at the Senate Banking Committee. They asked lawmakers to decide on regulation, but at the same time not painting them with a broad brush.

So, Garlinghouse and Larsen are convinced that cryptocurrencies will complement fiat currencies, and not put their existence at risk, and the United States, in their opinion, should lead the development of the industry.

According to them, without proper regulation, there are risks for innovation, tax revenues and jobs in the blockchain industry.

We urge you to support regulation that does not disadvantage U.S. companies using these technologies to innovate responsibly, and classifies digital currencies in a way that recognizes their fundamental differences—not painting them with a broad brush.
 

Brad Garlinghouse, CEO of Ripple &
Chris Larsen, Executive Chairman and Co-founder of Ripple

Earlier, Garlinghouse agreed with US Treasury Secretary Stephen Mnuchin that cryptocurrency could not replace Fiat.

Probably, the head of Ripple fears that lawmakers will not understand the differences between cryptocurrency and Libra digital currency, and will introduce the same regulation for them.

Despite the fact that Ripple was able to significantly increase its customer base after the Facebook initiative was announced, Garlinghaus had already expressed fears that excessive attention to Libra could harm the industry as a whole.

On Tuesday, July 30, the US Senate will hold hearings on the regulation of cryptocurrency, during which the CEO of Circle company Jeremy Allair, a member of the Congressional research service Rebecca Nelson and a law professor at the University of California Mehra Baradaran will speak.