Visa to Acquire Ripple Partner Earthport

Partnetship with Ripple was made for XRP protocol integrating into company's payment network to improve international transfers
29 December 2018   615

Financial giant Visa is buying Earthport Plc, cross-boarder payment network, partner of Ripple. This is reported by Cointelegraph

Earthport was founded back in 1997. Based in the capital of Great Britain, financial company provides payment service to banks and financial institutions. Partnetship with Ripple was made for XRP protocol integrating into company's payment network to improve international transactions.

It is reported that deal was made for  £198 million ($251 million), or 30 pence ($0.38) per each Earthport share; this exceeds the stock’s Monday closing price of 7.45 pence by over four times

Shares of Earthport, traded on the London Stock Exchange, lost about 28% this year due to growing losses and expenses. After that, company considered changes in its strategy.

Coincheck OTC to List ETH & XRP

OTC-platform from Coincheck aimed at large investors, started working about two weeks ago and minimum transaction threshold is 50 BTC
15 April 2019   286

Coincheck has added support for Ethereum (ETH) and Ripple's XRP token to the recently launched over-the-counter (OTC) platform. This is reported by Cointelegraph.

In addition to ETH and XRP, the Coincheck OTC platform supports Bitcoin. The management of the marketplace plans to add other cryptoactives in the future.

OTC platforms are focused mainly on large traders who want to reduce transaction costs when working with large amounts. In particular, transactions on such platforms are carried out outside the main book of exchange orders, which sometimes allows to avoid excessive price fluctuations. In addition, at such sites, investors often have the opportunity to buy or sell an asset at a better price.

OTC-platform from Coincheck started working about two weeks ago. The minimum transaction threshold is 50 BTC.

Last year, Coincheck fell victim to a massive hacker attack, during which over $ 500 million in XEM equivalent was stolen.

Then the exchange was bought by a large online broker Monex Group Inc. The deal amounted to $ 33.6 million.