UNCOVERED 4 New Ripple XRP Banking Partnerships & How SWIFT Plans To Onboard 11,500 Banks Via XRP

UNCOVERED 4 New Ripple XRP Banking Partnerships & How SWIFT Plans To Onboard 11,500 Banks Via XRP

hey guys and welcome to the working money channel the cryptic poet here on twitter posted this just in ripple partner airwallex furthers global expansion with launch into north america so guys this has to do with airwallex a ripple partner they are an australian payments fintech and they’ve launched now in north america in a company release airwallet said that u.s businesses may now gain access to the suite of financial infrastructure payments treasury and expenses services without the constraints of the traditional finance system so boom airwallex guys moving into a new region namely the united states huge region of the world i’m surprised uh that there is even more market share for this australian company in the united states i mean it is a big market yet there are a lot of american companies obviously in the us that are doing the same thing nevertheless airwallets market entry into the us is supported by a partnership with domestic bank evolve bank and trust a technology focused financial services organization and bank as a service provider earlier this year and we reported on this airwallex did raise 100 million dollars in a series d extension at the 2.6 billion dollar valuation and down here airwallex’s entry into the us is part of its vision to becoming the global financial infrastructure for business to operate anywhere anytime today the company offers cards international collection and transfers and other value add-on solutions for smes or small to medium business enterprises as well as an api for larger enterprise businesses that require embedded payments and financial services boom airwallex one of those first ripple partners as we can see here from the cryptic poets tweet up here he posts this screen grab here from october of 2017 naming airwallex here as one of the 100 strong at that time in 2017 ripple’s blockchain network is now more than 100 strong boy four years ago there were only 100 partners that were partnering with ripple that were planning to run on xrp eventually at some time now look at it guys over 350 and i’m sure those numbers have grown even further i feel like the 350 uh milestone mark was uh from a year or two ago now in fact i know for a fact that that number has grown even further i’m gonna get to uh some more partnerships that have not been announced officially in a sec first i wanted to bring this to you guys from dj peter vass here on twitter valente which is another ripple enabled company there they just did a survey and they expect real-time payment connections to triple alright so valente technologies a major name in the cloud payment sphere has confirmed a swath of new findings from a survey of mid-level banks and credit unions in the us the findings show that real-time payment connections are expected to skyrocket get this guy’s triple before the end of 2021 we’re almost in september we’ve got about a quarter and a bit left so roughly four months left of 2021 and uh they are saying that they are expecting these real-time payments or rather the necessity for real-time payments to triple by the end of the year financial institutions are seeking to streamline their operations to prepare for the eventual prevalence of real-time 24 7 payments and the increased operational complexity this will bring this is coming from a spokesperson from valente valente technologies is a market leader in cloud-based online money transfers and financial messaging and they uh recently released these survey results the company issued the findings of its payment uh modernization survey this week the survey was sent to mid-tier banks and other financial institutions such as credit unions uh only u.s institutions were included however uh and they had to have assets between 2.5 billion and 25 billion in order to participate so there was a threshold there obviously uh nevertheless they are seeing real-time payment uh or rather the need for real-time payments they see those as going to go up three-fold before the end of 2021. if that’s the case for these banks you can only imagine what smaller banks or smaller remittance companies could possibly predict as a future outlook especially if they are ripple enabled as well and they are able to offer uh competitive fees to the big guys so it’s interesting too that valente did this survey we also know that the fed wire payment project in the united states uh also has uh they also wanted to partner or rather they they claimed they stated that they were partnering with valente so ripple enabled fedwire through there we know that that is uh going to get underway within the next few years so i find it well not so coincidental i suppose if valente is doing this survey for real-time payments specifically considering they are also connected with fedwire which is going to be that main payment system in the united states wanted to thank dj peter vest for posting that we also got this guy’s from the wrath of condiment so new partner confirmed there are still a lot of banking partners that uh we know ripple has not let us in on uh he goes on to say wrath of kahneman says this 2020 prospect is from confami bank in argentina or kamafi sorry kamafi bank argentina lists them as implementing ripple with correspondent banks a quick dig down so this is just one of four screen grabbing this uh screen grabbing this spanish document here if we go real quick to google translate what it says is in turn the correspondent area was very active collaborating with different segments of the bank such as the implementation of the ripple platform uh the area of retirement retail banking custody etc so uh that is what this says over here this last paragraph over here mentioning ripple so they are implemented with that uh bonko komafi created newbie a known ripple partner which xrp rk discovered in 2020 as well so that is just another connection there through newbie newbie also partnered with ebay directly this february to help argentinian smes paypal seems to be the focus though newbie also works with transferwise which is interesting because i believe it was transferwise a few years ago who said they did not see the benefit in xrp now they are actually working with a ripple enabled company by extension newbie uh so is the sum of banco kamafi’s ripple use newbie or is there more this is a question being asked by wrath of condom in the description of correspondence working with the ripple platform suggests more but i don’t trust my spanish skills for such technical nuance so uh listing some more resources here guys i will link this tweet thread in the description of the video if you want to read further but i feel like this is a great segue because leonidas here on twitter uncovered some recent unannounced ripple customers as well namely chile’s only state-owned commercial bank bonco estado a peruvian tech finn and digital bank b89 and colombian app card movie so he did a video on this guys i urge you to watch leonidas video he’s an asset to the ripple xrp community and has been for as long as i can remember i will link this tweet thread in the description for you guys here’s his video here and uh basically just to kind of go over some salient points what leonidas was doing here was uh you know he was looking at some of these linkedin pages for some of these uh executives at some of these banks so banco del estado and he uh did translate some of this uh some of this spanish here to english just so we could get a sense of what was being said here for example uh be eight nine bank as well banco estado which is the chilean bank and uh and i believe he talked about uh movi here which is another colombian company so here’s just something from one of those bank executives translated into english i recommend jonathan and ripple for the implementation of international payment solutions we have managed to raise a remittance project in a very limited period of time i highlighted jonathan’s abilities to facilitate the understanding of ripple’s work methodology and the relationship of the participating members of its payment network so uh guys i will link again this video in the description of the video if you want to get all the information just wanted to bring you guys some of the highlights here and another one from king solomon another big find here from the king he also recently released a video guys and uh if you go to his page you will definitely find that it’s the most recent video he did release uh regarding this identity partnership that we talked about a few days ago somebody sent him a shareholder letter uh and here it is guys i have it up here i will link it in the description but i do urge you guys to watch king solomon’s video if you didn’t catch it so it has to do with this patent again uh that is going to leverage xrp and uh the big news here is that there is going to be massive integration with swift so uh just a key note here from this uh from this update from just yesterday so this letter was uh was published august 25th which was yesterday here’s an announcement from the day before that identity limited is pleased to provide this patent and intellectual property update it has been motivated by recent public discussions about identity’s patent and the company’s desire to update investors on its growth strategy and the critical role of its intellectual property how that plays in identity filed a patent application in several global jurisdictions in august of 2015 and continues to pursue these approvals in december 2020 our patent was approved in the united states which was announced to the market and then granted in april of 2021. as part of our wider ip strategy the company recently filed additional claims or continuation claims in the us in august of 2021. so again guys i will link this entire thing i’m not going over all of it but here’s some of the salient points whatever the unit of value that needs to be for example dollar euro yen xrp or bitcoin it all needs to move from one account to another at the same time there is an ever increasing demand for these transactions to be processed in real time so what do you think they are going to use to process in real time if we can quickly take a step back and just put it into perspective here one of the only cryptocurrencies they mention is xrp next to the most popular cryptocurrency the one that’s got the name recognition bitcoin and so what i would assume is and i mean we know already uh the ins and outs of the identity patent but what i would assume is xrp most likely going to be that cryptocurrency to exchange value okay so that would mean more real-world utility built into this process we’ve gone over a lot of this information before uh for this demand to be met faster complete accurate and detailed transaction information needs to be captured incredibly much of this is still done manually as there is no way for data to accompany the payment message down here though guys is where it gets really interesting in 2016 identity conducted research together with swift so again this was before all the hupola the society for worldwide international financial telecommunications and learnt that of the nearly seven billion transactions sent across the network that year eight percent were held up because the legacy technology and outdated messaging standards used by both sending and receiving banks did not allow them to also transact information costing them up to 27.5 billion dollars and now this process inefficiency is being resolved the global financial industry has begun to adopt the new iso 2022 standard as a payment messaging language of the future allowing much richer and structured information to move with payments and will ultimately facilitate payments to move between legacy networks such as swift and emerging paymentsy gateways that operate as a closed-loop platform like mastercard and visa and ripple ethereum r3’s corda or any emerging payment gateway that adopts the standard now we’ve talked a lot about iso 2002-2 ripple getting on that standard one of the first bodies getting on that standard i’ll link a video i did about it a few months ago if you guys don’t know the details on that i’ll link it up here in the top right hand corner for you guys but guys this is going to be huge if you do not know identity and r3 to launch overlay plus iso 2022 trial this was back from december of 2019 identity limited will run a global multi-bank trial of its overlay iso 2022 solution uh to expand the benefits of it the overlay iso 2022 core dapp trial is expected to take place in quarter three uh and run for seven weeks enabling multiple financial solutions to evaluate the solution of r3’s quarter enterprise blockchain our three participants will be able to explore the benefits of identity’s solution in a quick and cost effective manner uh the solution helps banks cross-border payment messages from the old messaging standard known as mt to a new mandated standard called iso 2002.22 again this was back from 2019 and identity already uh in talks about trialing this with r3 we fast forward to today and this is where we are guys now there’s phase one phase two and phase three in this report first they need to land the first step in our longer term strategy is to license as many regulated businesses as possible to use our platform to ingest their payment data and to deliver the outcome of course phase two though guys the second step in our strategy is to provide more services and grow license revenue with existing customers we are now focused on helping 11 500 plus swift member banks to migrate 10 billion payment messages per year to the new iso 2022 global standard before 2025. we know that there is a timeline for this it isn’t going to happen all at once but the next five years four years actually because it’s the year 2021 boy am i losing track of time we will finally get 11 500 plus swift member banks on the platform the iso 2022 standard is here and it will be ripple net enabled of course identity looking to settle through xrp so boom goes the dynamite guys this is huge huge news just down here the patent is designed to work with both legacy payment platforms for example swift and mastercard and emerging payment networks for example ripple ethereum bitcoin and quarter blockchains and distributed ledgers identity has pioneered information sharing use cases in banking since 2015. in 2021 the identity platform was integrated with mastercard cross-border service networks enabling 50-plus financial institutions around the world to securely share financial crime compliance information within the mastercard network identity is exploring additional use cases in several global brands in the payment industry to support information sharing to reduce financial crime so a lot of this has to do with uh being able to kind of mitigate money laundering financial crime as they put it of course they are getting the 11 500 plus swift member banks to migrate 10 billion payment messages per year on this new iso 2022 standard it’s going to happen before 2025 so a four year timeline which just brings me back guys to my xrp we are in this situation where we’re seeing you know resistance levels of oh my goodness it’s it’s only had a dollar eleven you know just a few weeks ago we were seeing xrp at a dollar 35 panic panic panic but really guys 10 to 15 just the beginning you wait till 2025 and see how high xrp can really go that’s just my opinion but i want to hear what you guys think please subscribe to the channel if you haven’t already like the video if you like the content i’m providing i always love hearing your comments see you in the next one guys
rn

UNCOVERED 4 New Ripple XRP Banking Partnerships & How SWIFT Plans To Onboard 11,500 Banks Via XRP

rn

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *