News by Cointelegraph: Adrian Zmudzinski

Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users.

Finablr announced the partnership on Oct. 3, claiming that the new feature “offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet.”

Furthermore, United States-based Samsung Pay’s clients reportedly can use their debit or credit cards to send money via the service.

Tokenized credentials

Per the release, all the fees and exchange rates are included upfront, allowing users to know in advance what they will be paying. The system’s security also employs tokenized credentials backed by Samsung Knox. Sang Ahn, the vice president and head of content and services division at Samsung Electronics America, added:

“Money Transfer is a first step in our vision to evolve Samsung Pay into a platform that makes users’ financial lives more convenient. The range of services in Samsung Pay, developed in close collaboration with industry leaders such as Finablr, positions us to positively impact consumers’ everyday financial experiences.”

An increasingly competitive space

Lastly, while the Money Transfer feature is now rolled out to the United States userbase, the new service will be expanded to more markets next year, the press release states. According to company information website Crunchbase, Finablr was founded in April 2018 and has $5 million in estimated revenue annually.

As Cointelegraph reported on Feb. 26, multi-currency money-sending app Circle has announced that it acquired major US-based cryptocurrency exchange Poloniex for $400 mln.

Kuwait Finance House has announced the launch of its instant cross-border remittance service using Ripple’s blockchain technology. According to a company tweet, the zero fess “Instant International Transfer” service is now available. Customers will be able to make remittance transactions in Saudi Riyal (SAR) to beneficiaries at Al Rajhi Bank.

The announcement marks major progress following an extensive trial period.

In October, Ripple’s global head of infrastructure innovation Dilip Rao indicated that the Chairman of Kuwait Finance House said that the company was working with Ripple to test a service that will go head-to-head with Swift, the standard for processing messages and instructions to settle global payments and financial transactions among various counterparties.

View image on Twitter

View image on Twitter

Dilip Rao@diliprao

Chairman of Kuwait Finance House @KFHGroup_Eng ‘we are working with @Ripple and tested a service that challenges incumbents like #Swift#GIES20187392:21 PM – Oct 30, 2018332 people are talking about thisTwitter Ads info and privacy

One of the largest Islamic banks in the world, Kuwait Finance House (KFH) was the Arab nation’s first bank to join RippleNet, an enterprise network for international remittance payments.

So far, KFH has not revealed whether it’s using xCurrent, which is Ripple’s enterprise software solution that allow banks to settle cross-border payments instantly with end-to-end tracking, or xRapid, which is Ripple’s on-demand liquidity offering that uses XRP, to lower costs while enabling real-time, cross-border payments.

KFH simply indicates that its plans are global in scope, and that it plans to expand the service beyond the Saudi Riyal.

KFH has started operating an instant cross-border remittance service using Ripple’s blockchain technology. The zero fees “Instant International Transfer” service is available now in Saudi Riyal SAR where customers can make remittance transactions to beneficiaries at Al Rajhi Bank

Kuwait Finance House@KFHGroup

This service will expand to encompass most of the world countries in different currencies. KFH customers can make instant and secure zero fees remittances through their accounts in .2132:24 AM – Jan 7, 2019Twitter Ads info and privacy78 people are talking about this

Ripple continues to make strides in the Middle East.

In December, the National Bank of Kuwait (NBK) launched NBK Direct Remit, a new service for easy cross-border remittances that utilizes Ripple’s xCurrent payment solution.

The 24/7 service marked the first time a banking institution in Kuwait used xCurrent for cross-border transfers, enabling customers to send payments to Jordan.

This post credited to Daily HODL.

Image source: Daily HODL

Saturday, Jan. 5 — the crypto markets are mainly in the green today, as Bitcoin(BTC) moves closer to the $3,900 mark, data from Coin360 shows.

Market visualization by Coin360

Market visualization by Coin360

Bitcoin has shown slight growth today, up by around 3 percent and trading at about $3,899 at press time. Over the month, Bitcoin is up almost 1 percent and almost 7 percent over the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index.

Ethereum (ETH) is currently trading at around $159, up more than 6 percent on the day at press time. The second-largest cryptocurrency is seeing around 35 percent gains over the week, and 47 percent gains over the month.

This week, developers from Ethereum discussed the possibility of implementing a new proof-of-work (PoW) algorithm that would raise the efficiency of GPU-based — rather than ASIC-based — mining on the network. The debate over whether to go forward with the implementation comes ahead of the upcoming Ethereum Constantinople hard fork.

Ethereum’s 7-day price chart

Ethereum’s 7-day price chart. Source: Cointelegraph’s Ethereum Price Index

Third-largest cryptocurrency Ripple (XRP) is up over 2 percent at press time, trading at around $0.36. Over the week, the coin has seen more than 7 percent growth, and almost 5 percent gains over the month.

Ripple 7-day price chart

Ripple 7-day price chart. Source: Cointelegraph’s Ripple Price Index.

The total market cap of all cryptocurrencies is currently around $133 billion at press time, up from its weekly low of about $125 billion.

7-day chart of total market capitalization of all cryptocurrencies

7-day chart of total market capitalization of all cryptocurrencies from CoinMarketCap

Of the top ten cryptocurrencies, Litecoin (LTC) and TRON are showing the biggest growth, up over 12 and 15 percent respectively.

Earlier this week, the Gemini crypto exchange — founded by the Winklevoss twins in 2014 — released a series of ads calling for better regulation of the crypto space. The ads, which read “Crypto needs rules,” were received with mixed reactions from the crypto community, as some believe the space suffers from the intervention of regulators.

Also this week, five more crypto exchanges — including Coincheck — joinedJapan’s self-regulatory association of cryptocurrency exchanges.

This post credited to cointelegraph Image source: Cointelegraph 

According to StellarRippleMt. Gox, and e-Donkey co-founder Jed McCalebTron is “just garbage.” McCaleb, who forked away from Ripple to create Stellar due to personal differences with the mission of Ripple’s corporate board at the time, also feels that the crypto market is doing well. He pointed out to Yahoo! Finance that it’s “way way up” even if it’s had some turbulence over the course of 2018.

McCaleb was asked over the phone what his takeaways are from crypto space “beyond the price.” McCaleb said that the way that capital is invested in crypto projects is “wild to watch.” He added that with a reduction in market capitalizations and token prices, things begin to smooth out.

One of the nice things that comes with the market calming down—I still say it’s not a bear market—it means there’s less of that.

Ninety percent of these projects are B.S. I’m looking forward to that changing. Things like Tron, it’s just garbage. But people dump tons of money into it, these things that just do not technically work.

McCaleb picked an interesting project to poke at, being that Tron has outperformed Ethereum in terms of actual smart contract development and usage, something that very few people would have seen coming a year ago. Stellar has yet to offer a smart contract development platform on the order of Ethereum or Tron. McCaleb offered no further justification as to why Tron is “just garbage.” Tron founder Justin Sun has gone on record as saying that he wants to “rescue” developers from platforms like Ethereum and EOS.

Stellar “Poorly” Marketed

When asked if people generally know what Stellar is, McCaleb said that he did not think so.

I don’t think they do. We’ve done a pretty poor job of marketing it and telling the world what Stellar is about. I think they have a vague notion that it’s for payments, but I don’t think they know the details and the real power of it. We’re hoping to change that in 2019, but it’s a process.

Research shows that many people have little understanding of Bitcoin or blockchain at all, let alone Stellar. The majority have no interest in blockchain banking offerings. In terms of the options people will eventually choose for making peer-to-peer payments outside of standard US Dollar options, the market is still very much in developmental stages.

End-of-Year Tribalism in Crypto

McCaleb joins developer Bryce Weiner, investor Tuur Demeester, and Ethereum creator Vitalik Buterin in lobbing verbal grenades here at the end of 2018, a year which has Bitcoin hailed as the worst possible investment choice.

Tribalism in crypto circles is of course nothing new, of course. But later entrants have lent their allegiance to the assets they believe will perform the best. While Stellar remains a top-10 crypto by market capitalization, Ripple, which is extremely similar in design and functionality, has consistently outperformed it on news of business partnerships and integration with banking systems the globe over.

McCaleb and others from Ripple Labs developed Stellar when they felt that the mission of the company was moving too far away from their vision of a peer-to-peer payments system. He later faced a lawsuit over dumping his Ripple.

Stellar’s blockchain facilitated 1,024 transactions on December 30th, an average of 42 per hour. Ripplefacilitated 396,354. Comparatively, Tron processed 2,845,490 transactions during the same period, and Bitcoin did 267,463 – all according to, which tracks such information.

McCaleb joins developer Bryce Weiner, investor Tuur Demeester, and Ethereum creator Vitalik Buterin in lobbing verbal grenades here at the end of 2018, a year which has Bitcoin hailed as the worst possible investment choice.

At the same time, Stellar had dropped a full penny from its 5-day high of nearly 13 cents at time of writing.

Featured image from Shutterstock. Jed McCaleb image from LinkedIn. Chart from TradingView.

This post credited to ccn

Kraken has come under flak from the ‘XRP Army’ after disputing the vernacular around Ripple and XRP. Is Kraken’s persona fueled by Jesse Powell’s former bad blood with Ripple?

Kraken is one of the largest US-based cryptocurrency exchanges, having facilitated $3.7 billion over the last 30-days. The company has come under flak after provoking the ‘XRP Army’ over the naming conventions for Ripple and XRP over Twitter:

Kraken Exchange


Dear XRP Army, Ripple is (and was first) a payment protocol whose native currency is XRP. You could suggest the eponymous company change its name (again) to avoid ambiguity. The convention is <protocol> <asset>, like: Ripple XRP, Ethereum ether, Bitcoin bitcoin, etc. 💙

408 people are talking about this

Although at first glance, it might seem like this is a usual Crypto Twitter flame war, the debate raises a few thought-provoking questions.

Relationship Between XRP and Ripple

The crux of the problem is around the origins of XRP Ledger, and how it has become synonymous with Ripple as a company. If the courts deemed that XRP was a cryptocurrency issued by Ripple, or worse yet, that XRP was a security in Ripple, then the company would have a legal and accounting nightmare on its hands.

Ripple asserts that the cryptocurrency XRP is decentralized and completely distinct from the company, according to their website:

“The XRP Ledger cannot be owned by any single entity—it exists independent of any one person or business, including Ripple.”

Ryan Zagone, Ripple’s Director of Regulatory Relations, builds on that sentiment during his testimony to the UK’s Parliment:

“XRP is not controlled by us. It wasn’t issued by our company, that’s an open-source platform, we’re just making use of this open-source technology. We’ve built that into our product—there is a tight correlation between us and the currency just because the market has begun to understand it. The reality is that it’s open-source and we as a company can go away and that technology would continue to exist.”

Yet, the company’s statements are steeped in controversy. Critics, such as Kraken, have emphasized that Ripple’s large holdings of XRP, and the ambiguity behind the cryptocurrency’s creation, suggest evidence to the contrary.

The back-and-forth between these two factions has left laypeople confused about the difference between Ripple and XRP. Some people are left thinking that buying XRP is equivalent to buying Ripple’s stock, while others never want “Ripple to be mentioned in the same sentence as XRP,” as stated by Kraken.

Volleys Fired on Twitter

To further provoke XRP fans, Kraken has been flippant in its response to Ripple hardliners. In response to a tweet debating the clarity of using ‘Ripple’ in Kraken’s listings:


So their argument is that it’s (protocol) (assett) but they clearly stated they are listing ‘Ripple’ which in their terms is the protocol. So they’re listing the Ripple protocol?

Kraken Exchange


not to be confused with Nipple (XRP)

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And in another tweet, the exchange agreed that even XRP is the incorrect terminology given its first analogy:


Still wrong the native currency was always ripples. We don’t say bitcoin XBT

Kraken Exchange


Actually, you are right. Thank you for pointing that out. Correct example would have been Ripple ripples (or Ethereum ETH, Bitcoin XBT).

See Kraken Exchange’s other Tweets

Bad Blood on Ripple’s Executive Team

Some history on Ripple sheds some light on the situation. Jesse Powell, the founder of Kraken, was once a director and board member at Ripple. In 2014, Powell battled with Ripple co-founders Chris Larsen and Jed McCaleb over their self-allocation of XRP:

“I’m no longer confident in the management nor the company’s ability to recover from the founders’ perplexing allocation to themselves of 20% of the XRP, which I had hoped until recently would be returned.”

The dispute intensified after Powell’s concerns were realized, with Jed McCaleb leaving with a multi-billion XRP stake to start Stellar Lumens. When Powell aired his concerns to the public, the company pressed a cease and desist for libel. According to the document:

“Your recent public statements regarding Ripple and its CEO, Chris Larsen, are false and defamatory and are clearly intended to damage the company…. you are using your insider knowledge to sabotage Ripple Labs and wrest large payments for yourself and McCaleb…. Most egregious, you are doing all this while attempting to smear Ripple Labs and your former partners as greedy and indifferent to the best interests of the Ripple

Four years later, it appears that Jesse Powell’s hostility towards Ripple may still manifest itself in Kraken’s persona. If history tends to repeat itself, maybe Crypto Twitter will get another theatrical lawsuit.


This post credited to cryptoslate Image source: Cryptoslate

In a new interview, Ripple’s global head of strategic accounts expands on the growth of the company’s payment solutions xCurrent and xRapid.

Marcus Treacher told The Asian Banker both products are growing at a fast clip, with a burst of adoption in a number of regions.

“There is a lot of activity in the Middle East and in India, as you mentioned during the introduction, in Southeast Asia, and also in Latin America. We are seeing a lot of growth as well in Northern Europe. So there is really a nice global coverage that is building very quickly…

So, for the payment side, we have created a product called xCurrent. And xCurrent is what is at the heart of the Ripple network. That connects banks and payment companies together and enables money to move in seconds around the world.

The other component is xRapid. xRapid is where we can separately connect into the XRP ledger for very fast delivery of liquidity into the target country as required. When you put those two together, you get a very powerful payment delivery proposition which is using blockchain technology – but does not use any token – supported by a really powerful liquidity proposition which does use the token XRP. We don’t release the full figure, but it’s growing very, very quickly.”

Ripple has been a bit cagey when it comes to releasing new info on which companies plan to utilize xRapid. Ripple launched xRapid for commercial use in October, revealing that MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union will utilize the technology to power payments.

Since then, Ripple has also confirmed that crypto exchanges Bittrex, Bitstamp, Bitso and will use xRapid to boost payments between the US and the Philippines, and the US and Mexico.

Overall, Ripple says at least one financial institution is signing up for one or more of its payment solutions every week, and according to Ripple’s global head of infrastructure innovation, nearly 200 banks and financial institutions are now on board.

As for whether Ripple will replace the legacy cross-border payments system SWIFT, Treacher says the San Francisco startup is working to dominate the space in the coming years.

“I think with the SWIFT and Ripple model, there may still be a role to play for the older hub structure messaging model such as SWIFT. However, we feel that for the bulk of payments, the real commercial flows and the resale flows – that will move to a much more open interconnection model which Ripple has created. So, certainly, we will dominate that central space. Whether that leads to a complete move into Ripple or not, we don’t really mind.

It is a big enough world. If Ripple is seen as an alternative to SWIFT at some point, then okay fine, but our sweet spot is bringing that high-volume, commercial flow which we think in the 21st century will be really, really important to support the economies of the world.”

This post credited to Daily HODL Image source: Daily HODL

Ripple CEO Brad Garlinghouse has stated that XRP is  not only independent of Ripple, but the XRP ecosystem hosts Ripple as just one of a number of participants. He made the commentsduring an “Ask me anything” session as part of a Q4 2018 sit down with Ripple Senior VP, Marketing, Monica Long.

The session tagged “Ask Me Anything with Brad and Monica” included a number of interesting opinions as well as predictions ahead of the coming year. One of the questions that came up was the often-debated issue of whether or not XRP should be classified as a security.

Reiterating his long held position, Garlinghouse replied:

I think its very clear XRP is not a security… I think is if Ripple the company shut down, XRP trades on a hundred other exchanges around the world and XRP would continue to trade. Yeah, Ripple is one important participant in the XRP ecosystem but there are a whole bunch of participants.

He went on to state that while he acknowledges that the SEC has a difficult job regulating the crypto market, Ripple will continue to work with the SEC and other regulators around the world to ensure that XRP is understood as an independent open-source digital asset separate from Ripple.

Optimistic Outlook for 2019

It will be recalled that amidst the many woes of the crypto market in 2018, culminating in the so-called “crypto winter,” XRP has continued to post strong performances as it benefits from growth of the Ripplenet, leading to growth of volumes and global user numbers.

A lot of this growth is built on Ripple’s wealthy project support community and the fact that it remans the only cryptocurrency to have successfully integrated payments system of big banks with its platform. CCN recently reported that XRP overtook Ether to become the second most capitalised cryptocurrency behind bitcoin.

Referring to an earlier prediction that 2018 will see an increase in participation in digital assets from institutional investors, Garlinghouse stated that he has now pushed that back to 2019. He also dodged a prediction for bitcoin, describing it as a tough call to make because of the persistent risk of manipulation that currently exists on exchanges.

In his final prediction for 2019, Garlinghouse stated that he expects to see an increase in transparency in more projects , as cryptocurrency moves away from its clandestine roots toward regulation and subsequent mass adoption. As a direct result of this he said, 2019 will also be the ear that banks will begin holding digital assets on a large scale.

This post credited to ccn Featured image from Shutterstock. Garlinghouse headshot from LinkedIn.

From the long-term success of Bitcoin to a new cross-border use case at Ripple, here’s a look at some of the stories breaking in the world of crypto.


Venture capital billionaire and Bitcoin bull Tim Draper says he believes Bitcoin will outlast fiat currencies and prove to be far more stable in the long run. At the Web Summit tech conference in Lisbon, Draper said,

“We’re going to see all sorts of volatility. One Bitcoin is still one Bitcoin. It’s just all these other political currencies are going to be very volatile against it as they slowly disappear from our use.”

Draper also reiterated his belief that the price of Bitcoin will reach $250,000 in the coming years.

“My prediction for $250,000 by 2022 – maybe 2023, but in that range – is absolutely solid. But I’m not so sure how we’re going to get there.”


Ethereum has set a loose date for its next upgrade.

In its latest group conference, developers set January 16th as the launch date for Constantinople. The anticipated upgrade includes a number of optimizations and lowers the mining reward from three ETH to two ETH per block.

Ripple and XRP

Japanese financial giant MUFG says it will use Ripple’s proprietary payment technology to create a new cross-border payment service between Japan and Brazil.

Meanwhile, the coder working to bring XRP transactions to Amazon Alexa has launched a closed beta test.

You can sign up for the beta here.


Hi ,
the @xrptipbot skill is now available for beta. If you want to join the beta, please fill out the following form: 

Please read this form carefully.

If you get approved, an email with further instructions will be sent to you.

XRPTipBot Alexa Skill – Beta request

The public beta of the XRPTipBot Alexa Skill has started. You will be able to check your XRP TipBot balance and send tips to your XRP TipBot contacts of the iOS or Android app. I expect some problems…

56 people are talking about this


The co-founder of just sat down for an interview with Bloomberg.

Brendan Blumer talks about how blockchain can transform the Internet and looks at the future of initial coin offerings.


NEO founder Da Hongfei says he believes excessive government regulation has significantly slowed the adoption of blockchain and cryptocurrency.

“In the early days, people were expecting to see blockchain being applied to the finance industry as the new technology may disrupt the traditional finance industry. However, implementation has been faced with regulatory barriers as the finance industry is strictly regulated virtually everywhere in the world. There are only two possible ways to integrate blockchain into finance industry by either cooperating with a licensed traditional financial institute … or you may bypass the license by doing something that doesn’t need a license … In essence, blockchain can barely survive within the existing financial regulation system.”

You can check out the full interview on NEO’s official blog here.


One of the biggest transactions to ever hit the Litecoin network was just processed.

As reported by, the transaction,

“appears to be a consolidation of funds into a new Multi-Signature / Segwit ‘M’ address from a handful of Legacy addresses. The transaction which created the new richest address on the network was made by the previous richest address on the network which is now lies empty. In the process, a staggering 71,618,997 coin days were also destroyed.”


VeChain has released a new video introducing its Digital Carbon platform. The initiative is part of a partnership with DNV GL and is designed to give companies and home owners a blockchain-based way to monitor and reduce emissions.

This post credited to Daily HODL Image source: Daily HODL

Cryptocurrency exchange just gave XRP a big boost, listing the digital asset as a base pair.

The Singapore-based exchange has paired XRP with Bitcoin, Ethereum, Litecoin, Tether, Litecoin, NEO, Dash, OmiseGo, Ark, Gemini Dollar, TrueUSD and USD Coin.

The Ripple and XRP community has been pushing hard for the addition of XRP as a base pair on all cryptocurrency exchanges, especially Binance. They argue the change would further detach altcoins from the price swings of Bitcoin and offer traders a way to utilize the speed of XRP to move value between exchanges.

Binance CEO Changpeng Zhao recently tweeted about the request, asking the Ripple faithful to convince him that he should expand XRP’s presence on the leading cryptocurrency exchange.

CZ Binance


The xrp base shill is strong. Let’s get it out of your system, and put all your shills under this one tweet, and let’s see how much we get. 

Binance Listing Tips

(Last updated: 2018-11-27) Here are some tips for listing your coin on, from me (CZ) personally.

6,555 people are talking about this

The tweet was one of the most popular ever sent from Zhao’s Twitter account, earning more than 7,600 likes and 3,126 retweets.


This post credited to Daily HODL Image source: Daily HODL

From an institutional crypto craze to a big update on the Tron network, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin, XRP, Ethereum, Bitcoin Cash, Litecoin

Institutional traders are in a frenzy over the new crypto ETP that launched on Switzerland’s SIX Exchange last week.

As reported by The Block, the Amun Crypto Basket Index (HODL) now has the highest volume of any exchange-traded product trading on the venue. Its turnover is at about $425,000 a day, more than silver, crude oil and gold.

The index has nearly half of its assets invested in Bitcoin, with the remaining half comprised of XRP, Ethereum and Litecoin.


Crypto exchange Coindelta just listed Stellar (XLM).

The India-based exchange says deposits and withdrawals are enabled, and the coin can be bought with the Indian rupee.


** New Listing on Coindelta **

Knock knock! Announcing the listing of Stellar (XLM) on Coindelta.
Deposits and Withdrawals are live now and the trading will start at 06:00 PM IST, 26/11/18. 😉

Details:  @StellarOrg

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A Ripple-backed venture just closed its Series A round of funding, raising more than $12 million.

Securitize aims to transform the securities industry by leveraging blockchain technology to tokenize private and public shares on the New York Stock Exchange or Nasdaq.

Ripple’s Xpring investment fund contributed an unknown amount to the project, along with Coinbase Ventures.


Tron just released a new update on DApp development, and says more than 20 decentralized apps are now up and running on the Tron network.

This post credited to Daily HODL Image source: Daily HODL