Watching: Like #Ripple partners Santander and Nium, now Nomu Pay is buying up the remains of Wirecard, with their APAC entities. (Nomu Pay is not known to use Ripple/XRP) nomupay.com/post/nomu-pay-…
Their purchase of Wirecard Malaysia and Turkey just closed with Philippines, Thailand and Turkey, pending. To Ripple fans, these potential corridors are promising:
None of this is confirmation of anything #Ripple related -"APAC so hot right now"- but given other Ripple partners have snapped up Wirecard subsidiaries, Nomu Pay might be worth watching, even if it's not all remittance related.
RippleX.io website shuts down end of July. Ripple heard feedback it's unclear where to find a unified portal to the XRPL ecosystem. Makes sense to move dev kits/ docs to XRPL.org as they clarify info sources. blog.ripplex.io/sunsetting-rip…
The RippleDev stream explored the new xrpl.org site as a place to build on the XRPL (tutorials!) built in concert with the XRPL foundation. It is meant to be a useful XRPL development portal.
But I think there is a further effect - intended or not. It's also a move underscoring the independent life of the XRPL, apart from Ripple. (Am I correct to say this differentiation has seemed in the works since around the time M.Long took over RippleX?)
Trying to get ahead of it: here is a sneak peak at the FUD about #XRP you will see over the next few months: 1) The new wallet will allow #Ripple to sell into XRP suppressing the price! 3) They won't need XRP! 2) Tokenization on the XRPL means that you can freeze accounts!
First, remember Ripple always has incentive for the price to accrue and it is better in the long run to get XRP on the market. With ODL we've seen that cashing out on the receiving end creates arbitrage. Is it also possible less XRP is on exchanges as it stays in wallets?
Second, yes, you can move tokenized assets on the XRPL -with stablecoins looming, but this might not even happen on ledger; just between wallets. It remains to be seen. On ledger, it would use a slight amount of XRP to move. XRP will always be the most efficient way to move value
I mean how could you not think that even if Ripple is working on their own custody solutions. 😆
2/7
The real story here is wallets. Offering a wallet is what a lot of big players in payments do. A wallet is a functional account to add services to. Visa does this for Visa Direct. 3/7 partner.visa.com/site/explore/d…
#Ripple partner Nium has acquired Wirecard Forex India Private Limited. Wirecard Forex is an FX exchange, pre-paid card, & remittance service provider licensed by the RBI as a Money Exchange Dealer (AD II). The aquisition opens up the subcontinent. nium.com/latest-news/ni…
Wirecard Forex has 23 branches in major cities with 190 employees. The deal is expected to close in the third quarter of 2021. It's an opening in a huge market with several payment methods. economictimes.indiatimes.com/tech/startups/…
Wirecard Forex India was a division of Wirecard AG which dissolved after ~$2b "disappeared" and several officials were arrested. FWIW, The CEO of SBI Ripple Asia once wrote about Wirecard and blockchain
KFH making some noise in the press, including mention of Ripple. (Apologies for translations:) The first:
"KFH has also recently launched Live FX Pricing, an instant transfer service to your home Turkey using RippleNet" aljarida.com/articles/16206…
These next two are also very recent and seem like they are working from the same underlying copy, perhaps a press release? This one mentions instant transfers with RippleNet in a sidebar. alraimedia.com/pdf/2021/05/27…
This one mentions KFH's services as well, including instant RippleNet transfers. The article is reporting KFH's earnings growth, hence seemingly largely like a duplicate. pdf.alanba.com.kw/pdf/2021/05/07…
An observation & some amateur musing about the XRPL, a thread: The Ripple, RippleX, discussions about CBDCs and NFTs both discuss "coming federated sidechains". Today's RippleX article mentions it and links to an earlier article.
At 23:15, David Schwartz explains more in the video on this page today's announcement linked to. He also mentions -in passing- DeFi capabilities linked through Federated Sidechains that won't clog basic XRPL payment functions. (good! ) blog.ripplex.io/whats-the-deal…
Here's @JoelKatz Quora response about CBDCs as federated sidechains:
Q: Is Ripple's new announcement about a private version of XRPL an example for Federated side chains?
A: Yes. quora.com/Is-Ripples-new…