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A group of leading technology, finance and nonprofit companies have joined forces to announce the launch of PayID, a universal payment ID to simplify the process of sending and receiving... more

The post Multinational industry alliance launch PayID – universal ID for payments appeared first on Payments Cards & Mobile.

Ripple Labs says it has reached a settlement “of all outstanding litigation” between R3 and XRP II, according to a press release published today. As per that statement, the details of the settlement... more

The post Ripple and R3 Consortium reach settlement in litigation appeared first on Payments Cards & Mobile.

Previously existing only on the fringes of finance or computer science, cryptocurrencies are now being discussed more widely. In the future, banks may not be the only ones making money... more

The post Crypto-coining it: How cryptocurrencies went mainstream appeared first on Payments Cards & Mobile.

It would appear that a new rivalry is raging that looks set to decide how cross-border payments are handled for decades to come. It is a contest that encapsulates much... more

The post Ripple and Swift in arm wrestle over cross-border payments supremacy appeared first on Payments Cards & Mobile.

Ripple has announced aggregated and averaged results from several early xRapid pilots. xRapid is Ripple’s on-demand liquidity solution which uses the digital asset XRP for more efficient cross-border transactions between financial institutions sending fiat payments. According to the pilot results, participating financial institutions saw a savings of 40-70% compared to what they normally pay expensive [...]

The post Ripple claims positive initial results from xRapid pilots appeared first on Payments Cards & Mobile.