Ripple

Ripple Opens Developer Portal as CrossCoin Launches Accelerator

By David Penn Posted on
Categories: Ripple

ripplelogo1.jpg

Two news items from the Ripple end of the digital currencies universe offer promise for those developers looking for good news among the Bitcoin gloom.

The first is word that Ripple Labs will be launching its developer portal. These two main features of the portal initially will be documentation for the new REST API, and a developer blog that will include not just news and updates on Ripple, but also in-depth interviews with engineers and developers engaged in real-world projects using Ripple.

Chris Larsen, Ripple CEO, states, “We are committed to providing more transparency for developers, making it easier for them to build on Ripple, and empowering them with the tools they need to be successful.”
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The second news comes courtesy of CrossCoin Ventures, The venture capital firm announced that it was launching an accelerator program specifically for digital currencies. Program participants will have access to the resources available through Ripple Labs, as well as funding, mentoring, and office space.
The goal is to leverage the Ripple protocol to create business models around remittance, real-time micro transactions, and business and consumer wallets. Said team member Adam Marsh, “we’re trying to use the power of crypto currency to change the world.”
Ripple debuted its technology at the FinovateSpring 2013 show in San Francisco, See the video here.

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Finovate Alumni News– January 15, 2014

By David Penn Posted on
Categories: BBVA, BillGuard, Fiserv, HelloWallet, Nutmeg, Ripple, Trustev
  • Thumbnail image for Finovate-F-Logo.jpgDiginomica takes a look at Trustev and the problem of e-commerce fraud. Come see Trustev demo its new tech at FinovateEurope this February 11-12.
  • HelloWallet noted as a third-party PFM option for employers who want to help their employees with their finances.
  • The Times Money section features Nutmeg in a review of ten myths about individual savings accounts.
  • BBVA to deploy next generation touch-screen ATMs courtesy of Wincor Nixdorf.
  • Ripple debuts on “TV’s No. 1 New Show” – NBC’s The Blacklist.
  • Travis Credit Union extends 30 year partnership with Fiserv by selecting DNA account processing platform.
  • Ron Shevlin recommends using BillGuard in tandem with credit monitoring.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News — January 14, 2014

By David Penn Posted on
Categories: ACI Worldwide, Backbase, Better ATM Services, IDology, Linkable Networks, Moven, Ripple
  • ACI Worldwide announces its point to point encryption (P2PE) solutions now supported by VeriFone, Ingenico, and Equinox.
  • New contract with Advanced Network helps Better ATM Services grow its reseller network.
  • Netbanker reports: Moven Offers Free Ride, but Only to New Uber Customers.
  • Industry analyst Ovum names Backbase a Market Leader for next generation digital banking platforms.
  • Linkable Networks partners with marketing content publishers to form The Linkable Network, its new card-linked shopper marketing network.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Ripple Labs Announces $3.5 Million in New Funding and a New Real-Time Pricing App

By David Penn Posted on
Categories: OpenCoin, Ripple

ripplelogo1.jpg

With participation from Core Innovation Capital, Venture 51, Camp One Ventures, IDG Capital Partners, as well as additional individual investors, Ripple Labs (formerly OpenCoin) announced that it has raised an additional $3.5 million in financing. 

Boosting the company’s total funding to $9 million, the new capital will be put to use building tools for developers and consumers alike, geared toward enhancing the Ripple ecosystem.

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What is Ripple? One of the more compelling innovations of the still-nascent Bitcoin era, Ripple is a payment system that enables fast, secure, and virtually free transactions with no chargebacks to merchants. 

Transactions can take place anywhere around the world, and in any size, allowing users to send money in one currency and receive it in currencies ranging from dollars to yen to Bitcoin.
Says Ripple Labs CEO Chris Larsen, “Similar to the way in which email and other technologies drove the creation of a new global information web where anyone can communicate instantly and for free, Ripple is changing the way the world transacts with the first global value web.”
Arjan Schütte, founder and managing partner of Core Innovation Capital, agrees: “Ripple removes friction from even the most basic of payment transactions, leveling the playing field for underserved individuals and emerging markets around the globe.”
In addition to the funding news – and the name change – Ripple Labs has announced its platform is now fully open-sourced, and has produced its first app, Ripple Price (see above left). Ripple price provides real-time pricing for users, making it that much easier to discover and track the current price of XRP. Read more about the new app at the Ripple blog. 
Ripple Labs, as OpenCoin, made its Finovate debut at our spring show in San Francisco earlier this year. See their presentation here.

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