Fintech, Finance, Technology, Banking Highlights – 2 January 2018
XRP now available on 50 exchanges worldwide
The digital asset market is heating up. Many new assets entered the space touting to be better and faster for settling payments.
Worldwide interest surged, which boosted the collective market cap from $93.3 billion in August 2017 to just under $600 billion by mid December 2017 — an increase of 543 percent in just four months. However, despite continued rise of digital assets, XRP remains the fastest and most scalable asset on the market.
The market is taking notice of XRP’s speed, reliability and scalability — which has strengthened the demand for XRP and where it’s listed. In fact, we’re proud to announce that XRP has gone from being listed on six exchanges earlier this year to more than 50 worldwide.
The increased demand for XRP speaks to the market’s understanding of the need for a fast and scalable asset that serves as a reliable liquidity tool for financial institutions through the product xRapid.
To serve that role in cross-border flows, XRP needs deep liquidity across fiat currencies. In support of that goal and healthy XRP markets, it’s a top priority for Ripple to have XRP listed on top digital asset exchanges, making it broadly accessible worldwide. Ripple has dedicated resources to the initiative so you can expect ongoing progress.
Monimove launches corporate supply chain finance platform to improve credit management
A new corporate supply chain finance platform launches today, which aims to improve credit management and provide additional transparency, security and flexibility for banks and their corporate customers.
The new platform is called Monimove, and aims to enable banks to create new revenues and be able to track approved funds, optimising their liquidity management in a transparent way, through an online portal. This aims to reduce commercial and industrial credit risk as well as associated costs. The new platform hopes to enable lower insurance premiums and reduce bad debt on loans.
The portal enables banks to efficiently validate a client’s credit utilisation against their project and expense plans. Its reporting capabilities allow banks and their clients to make more informed decisions, whilst mitigating risk. It also negates the need for banks to get involved in client-supplier relations.
UnionPay to promote QR code-based Mobile QuickPass outside mainland China
Recently UnionPay and commercial banks in Mainland China jointly launched Mobile QuickPass, the unified APP for China’s banking industry.
UnionPay International is accelerating the promotion of UnionPay QR code payment in markets outside Mainland China to create more using channels of the Mobile QuickPass APP, and is building a model area in Southeast Asia.
UnionPay International partnered with AsiaMalls Management to launch UnionPay QR code payment at six large-scale malls under the latter. Meanwhile, UnionPay International and BOC Singapore will jointly launch BOCSG E-wallet APP within this year, with which customers will be able to enjoy QR code payment after adding UnionPay credit cards to the APP. More merchants in Singapore, Thailand and Indonesia will accept UnionPay QR code payment soon.
Moven’s Brett King joins cryptobank Nebeus as advisor and shareholder
Following its successful pre-ICO campaign last month, CryptoBank and blockchain lender, Nebeus, welcomes the man known as the “King of the Disruptors”, Brett King, as advisor and shareholder.
Nebeus’ ICO, due to close on January 10th 2018, is unlike many other initial coin offerings (ICOs) because the company is already well-established and has been servicing customers and generating revenue for several years.
Raising funds for a fully-regulated CryptoBank with its Nebeus tokens (NBTK), Nebeus is set to be one of the first platforms to provide MasterCards linked directly to its crypto-currency accounts. Allowing for fiat ATM cash withdrawals and fiat payments in the retail environment and enabling token-holders to receive a fair distribution of a 20% share of Platform commissions.
