The Evolving Landscape of Ripple in 2023 As 2023 comes to an end, Ripple continues to redefine the realm of cross-border payments. Known for its innovative approach to leveraging blockchain technology, Ripple has made significant strides, especially with the latest evolution of its payment solution, now known as Ripple Payments, formerly RippleNet. Ripple’s Growth and Expansion Key Partnerships in 2023 This year marked a pivotal point for Ripple with the announcement of expanded partnerships at the Ripple Swell Conference 2023. Notably, the fintech giant has extended its collaboration with On ..read more

In an important step for the industry, Australia’s main stock exchange, ASX Ltd., announced late last week that they will start using blockchain to process equity transactions. Digital Asset Holdings LLC, a startup company run by former JPMorgan Chase banker Blythe Masters, will supply the technology. The ASX is the first global exchange to take this step. Flash Payments has long-recognised the transformational potential of blockchain and we are excited that Australia continues to be at the forefront in embracing this technology for payments and settlements. International Money Transfers Made ..read more

The $7 billion Australian money remittance industry is set for a massive shake-up as a new wave of online and digital-based players enter the market. According to Ashley Jessen, CEO of Profile Booster, the retail money remittance industry is a top candidate for fintech disruption and innovation. “A few years ago, most of the fintech companies have been focused on creating products and services for the investment, wealth creation and stock market. But now we are seeing more fintech companies coming up with payments and money transfer solutions,” “The remittance sector will definitely benefit f ..read more

Ripple announced the addition of 10 new customers to their growing global network. Among them some of the world’s largest banks, innovative smaller banks, and payment service providers (PSPs). As the only blockchain provider that has real use cases and customers using our solution commercially, more and more customers are turning to Ripple for cross-border payments. Ripple CEO Brad Garlinghouse stated, "People know Ripple is the only blockchain solution for payments that is proven in the real world, and it’s driving demand from financial institutions of all kinds and sizes because they want t ..read more

Sending money overseas can be confusing and expensive. Let's break it down... and let us show you just how easy it can be. And you can save a lot. Flash Payments makes foreign exchange easy, fast and affordable. We provide a competitive alternative to the existing opaque, siloed and inefficient banking networks. Based in Sydney Australia, we have engineered Flash Payments from the ground up to deliver intelligent foreign exchange transfer payments without hidden fees using Ripple’s Interledger Protocol. This allows us to deliver transfer funds virtually in real-time instead of the traditiona ..read more

When it comes to foreign currency transfers, especially by consumers and small to medium-sized businesses, what you find are big financial institutions bouncing your money around the world like a pinball from one fee-charging bank to another, using a complex and expensive relationship network – a desperate stand-in for an efficient transfer solution. They are all operating at your expense and hidden from your scrutiny by a global agreement to keep the system opaque so they can keep skimming money off the top without accountability. Usually, at least six banks are in on this scheme on any one ..read more

Not that long ago, building a global company was reserved for large incumbents and heavily capitalised start-ups. But that’s changing. Instead of needing millions in the bank or being based in the heart of Silicon Valley, the internet — and the tools it enables — are empowering a new generation of economic challengers. Today, start-ups are more quickly becoming scale-ups, propelled by an ecosystem of cloud tools that make the fundamental aspects of going global a lot easier and affordable. In what will come as no surprise, two-thirds of Australian start-ups reported that entering new markets ..read more

When faced with the issues of today’s antiquated cross-border payment system, we often focus on the difficulties of scalability with banks struggling to handle the volume of transactions, causing it to take three to five days to complete. In a time where you can send a text message to someone across the world in an instant, days can seem like an eternity. Ripple’s hope is that instead of waiting days we can move money the way information is moved today, creating the Internet of Value. Read the full article at Ripple Insight. As digital assets have become more popular, many have realised that ..read more

The fact that the financial services industry, and especially banking, is going through the greatest disruption since the arrival of computers in the 60s is now universally accepted. The advent of digital technology and, more importantly, its adoption by customers is changing the fundamentals of the business. This isn’t just the arrival of a new channel – it’s a rethink of how business is conducted, how customers are engaged with, and how financial products are manufactured. Scenario 1 — The better bank The digital revolution has run its course and almost all customers see digital as their m ..read more

The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties. The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships. With the US looking increasingly protectionist, Australian officials have considered whether to switch their trading focus to China. An incoming visit from Chinese Premier Li Keqiang has only heightened these uncertainties, leaving the AUD CAD exchange rate down. It's a given that currencies will fluctuate. It's also a given that both facts and sp ..read more