Ripple expands the product suite: RippleNet

Ripple grows its product suite by launching RippleNet
07 August 2017   2330
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.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   332

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.