Ripple expands the product suite: RippleNet

Ripple grows its product suite by launching RippleNet
07 August 2017   711
Ripple

Is a real-time payment protocol, a shared public database with a built-in distributed currency exchange operating as the world's universal translator for money

Ripple, a company that provides global financial settlement solutions to enable the world to exchange value like it already exchanges information giving rise to an Internet of Value (IoV), now announces its product suite expansion by the launch RippleNet.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Thus, RippleNet is a global payments network. According to the Ripple team, this is not new – but "simply an evolution of the growing network that has been building significant momentum". RippleNet is the world’s only enterprise blockchain solution for global payments.

Processing Payments with xCurrent

xCurrent is the new name of the already existing enterprise software solution that banks and other financial institutions currently use to instantly send and receive cross-border payments with end-to-end tracking and bidirectional messaging across RippleNet. Recently, a Rulebook was added, developed to standardize all transactions across the network.

The Interledger Protocol (ILP) is the backbone of the solution and makes it possible for instant payments to be sent across a variety of different networks. 

Sourcing Liquidity with xRapid

xRapid is a new product currently being built for payment providers. Ripple team "uncovered an untapped need for a low-cost liquidity solution for emerging markets". xRapid uniquely uses XRP to lower the liquidity costs of payments in emerging markets. 

Sending Payments with xVia

xVia is also a new product currently in development. xVia is for those who want to send international payments through a bank or payment provider on RippleNet. xVia offers a standard interface as a simple API that enables users to send global payments with transparency into payment status and attach rich payment information, like invoices.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   71

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.