Mass crypto adoption tipping point is here at last


Crypto and blockchain have been searching for a real leader to drive mass public awareness and mass adoption. Where Bitcoin has failed to see much adoption over its decade long lifespan, XRP on the other hand has been signing up partners and customers at light speed. But having hundreds and hundreds of banks and financial institutions in your rolodex means nothing if your product is not being used.

Those worries seem to be over now though with XRP utility gaining a lot of traction in 2020 already and Ripple have stated that we are very close to a major Tipping Point. And trying to track down all the news that has been announced and leaked this month alone shows just how close we really are!

Below is just some of the many many news stories that we have found breaking this year and this is by no means comprehensive but should give you some idea of where we are at as an industry right now.

MoneyGram expanding at a rapid rate

MoneyGram partners with banks in Ukraine, Egypt, India and Asia-Pacific:

Industrialbank board chair Mykhailo Bukreev said the partnership with MoneyGram would provide account deposit services services in Ukraine that would greatly benefit residents.

MoneyGram’s services are available at more than 400 banks across the globe, and customers can access it easily — they just have to enter information for the sender and receiver at the point of sale, and then select the bank deposit option. MoneyGram provides its services in 200 countries, with 65 of them having digital capabilities.

MoneyGram has a track record of partnering with entities to empower finances in various countries. They teamed with the Suez Canal Bank to provide services in Egypt, with Lulu Money to make sure residents in the Asia-Pacific had access to financial transferring services, and with EbixCash to bring their services to India.

“After forming a strategic partnership with EbixCash, MoneyGram will aim to grab the biggest market share in India” – The Hindu Business Line.

Cheers to XRP, everyone knows your name

We all know about the close relationship between Ripple and the Bank of England, the IMF (International Monetary Fund) and the ECB (European Central Bank) and it is now common knowledge that XRP and Ripple have been mentioned in writing in documents from the US Federal Reserve, the WEF and the US government as well as the multiple hints from members of the Trump administration. Now from a recent hearing on Blockchain and Regulatory Clarity has shown that cryptocurrency, XRP and Ripple are all very much common knowledge with the decision makers.

BitPay adds XRP for thousands of online merchants

“BitPay used libraries maintained by the Xpring team to integrate XRP into their platform, which in addition to its online merchant processing platform, also supports brick-and-mortar retail payments and global payments for billing. Each use case combines the speed, security and low cost of using XRP to settle payments. We look forward to supporting BitPay as a partner as they continue to grow with XRP.” – Xpring

PolySign readying for launch

PolySign is in early beta and will launch in 2020. PolySign is an institutional grade crypto custody solution being lead by Ripple legends David Schwartz and Arthur Britto.

Refundo accepting XRP, ETH and BCH for tax refunds

On 28th January 2020, Refundo announced that they had added Ripple’s XRP, Ethereum (ETH), and Bitcoin Cash (BCH) as payment options for federal and state tax refunds through their coinRT service in their continued effort to become champions for the low-income taxpayer.

goLance utilizing XRP for 500,000 workers

The global freelance marketplace goLance says it is now utilizing XRP to power payments on its network for more than 500,000 users across the globe!

“I get on planes to places like the Philippines and meet these people face-to-face. That’s helped me see first-hand why freelancers are hyper-sensitive about the cost and time it takes to be paid. RippleNet’s On-Demand Liquidity gives us the ability to make hyper-efficient, low-cost payments that make our customers happy and drive growth for our business.” – goLance CEO Michael Brooks

SMBC invests in Ripple powered MoneyTap

Japan’s second-biggest banking institution Sumitomo Mitsui Banking Corporation (SMBC) is to invest in MoneyTap, the payments platform powered by RippleNet technology.

XRP powered banking app creating waves

XRP powered XUMM banking app is ready for launch and XRPL Labs announced plans to separate into a free version and a Pro version for institutional grade users.

XUMM will allow users to store fiat and digital currencies in the wallet account, without any intervention from banks, thusly Xumm offers banking services without traditional banks ever getting involved!

Alloy Networks shared a video of an XRP and XUMM powered soda machine to showcase the potential:

Binance US and XRP

Binance US has been promoting XRP recently:

“Access the Internet of Value! $XRP/USD and more available on . Trade on the go with the App”

With Ex Ripple lieutenant Catherine Coley having been chosen as CEO of Binance USA, there are also the inevitable rumours circulation that Binance US will be an XRP ODL partner soon.

ODL Liquidity breaking all records in 2020

XRP and ODL Liquidity sky rocketing in 2019 as can be seen in the following 3 charts for XRP to MXN, for XRP to AUD  and for XRP to PHP.

XRP to MXN liquidity index:


XRP to PHP liquidity index:


XRP to AUD liquidity index:


RippleNet customer wins award

Head of Compliance at Euro Exim Bank, Graham Bright Wins Global Corporate Excellence Award with Business Worldwide Magazine,

“We are seeing the dawn of a new financial area, and Euro Exim Bank is the world’s first regulated bank to adopt and use exciting new technologies, namely Ripple On-Demand Liquidity and xCurrent providing our customers with unparalleled speed, reach, reliability, cost control and security.” – Graham Bright

CurrencyCloud backed by Ripple partners

The cross border payments startup has just raised $80 million from a group of new investors including Visa, International Finance Corp, BNP Paribas, the SBI Group, and Siam Commercial Bank. This latest Series E round brings CurrencyCloud’s total funding to date over $140 million.

Ripple partner TransferGo teams up with CurrencyCloud to access 14 new markets

“Our mission is to create financial options and access for hardworking migrant communities around the world. At the same time, we recognise that our customers the world over have unique money transfer needs. Our partnership with Currencycloud will help us meet these varying needs with further scale and reach.

Currencycloud was launched with the intention of democratising cross-border payments. Working with TransferGo is a perfect example of how we envisaged helping to make the complicated, opaque and expensive process of sending money overseas far more simple.” – CEO and Co-Founder of TransferGo, Daumantas Dvilinskas

Coinbase and Ripple Unveil New Push to Advance Cryptocurrency Adoption in the USA

“To improve market integrity and provide consumers the confidence they deserve, Congress may need to enact legislation to support the orderly and secure functioning of crypto markets.

Such legislation could expand the Commodity Futures Trading Commission’s (CFTC) authority to include the regulation and oversight of digital commodity exchange markets.”

“Consumers and cryptocurrency exchanges deserve a clear regulatory framework, the establishment of which would ultimately enhance market integrity and drive consumer adoption of cryptocurrencies.”

Ripple teases IPO

Nothing firm has been announced, however should the worlds largest blockchain company Ripple launch an IPO, the knock on effect of the global media attention and the stock market getting involved would be tremendous for crypto and for XRP.

Bitmex Exchange Launching XRP swaps

Cryptocurrency and derivatives trading platform BitMEX is set to launch the XRP-US dollar (XRP/USD) quanto swap.

Ripple Confirms They Are Massively Expanding Their Payments Network In 2020

Ripple is working on expanding the XRP derivatives markets in 2020 considering there is a general crypto derivative boom in the market. It is expected for this sector to outpace spot volume in the future. At the moment, there are XRP derivatives in several exchanges, including Binance, Huobi, OkeX, AAX and FTX.

This is an important step in the maturation of digital assets considering they help improve efficiency, liquidity and robustness of markets.

The XRP Liquidity tool that was launched back in 2018 is a very important part of the whole XRP market. Indeed, it is allowing clients to perform cross border transactions in a fast and easy way. In the last quarter, the number of these transactions surged by almost 300%. This would help banks and enterprises free up capital they have in nostro and vostro accounts in a wide range of countries.

Himalayan Bank becomes a Ripple customer

“We are also proud that we are among the major remittance service providers in the country. The remittance business is growing day by day with exploration of new avenues of business in the Korean Peninsula, Japan and other countries. We have also tied up with Ripple and expect to start our services through them very soon.“

BitUBU exchange lists XRP

According to an announcement, Turkish exchange BitUBU listed XRP on January 29th. BitUBU users can trade XRP with Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) pairs.

Bitstorage, LBank and HitMex are among the other exchanges to have added XRP pairs this year.

Kuveyt Türk Bank joins RippleNet according to Kuwait shareholders

“KFH has started operating an instant cross-border remittance service using Ripple’s blockchain technology. The zero fees “Instant International Transfer” service is available now in Saudi Riyal SAR where customers can make remittance transactions to beneficiaries at Al Rajhi Bank” – Kuwait Finance House

Bac Florida Bank a Ripple customer since 2019

“In 2019, we will continue our digitalization efforts through our association with Ripple, a financial technology company that utilizes blockchain technology, providing safer and quicker options for USD payment settlement and currency exchange. The implementation of Ripple illustrates our commitment in finding innovative solutions and driving quality service for our clients.“

After partnering with Alipay, Tranglo is now integrating RippleNet

Tranglo attended Swell in November with 4 employees: Darren Koh (Senior Software Developer), Shah Qays (iOS Developer), Alex Pee (Technology Specialist) and Marcus Tan (VP of Product). However, it is Estee Lau’s Linkedin profile (Project Manager at Tranglo Sdn Bhd) that revealed that Tranglo is working on integrating RippleNet.

“Tranglo enters global cross-border remittance partnership with Alipay” – Tranglo

Brazilian bank Banco Topazio also have a RippleNet test section on their website and also recently attended the Swell by Ripple conference.

Indonesian money transfer company revealed itself to be a Ripple customer

“Yesterday, Top Remit was invited to attend the Ripple Regional Meeting. Well, what is the purpose for? So, Top Remit will work with Ripple which is a blockchain technology, so that friends can send money abroad faster and choose more destination countries.“ – Top Remit

PayPal and TransferWise partner Nubi to help open up XRP Argentine corridor

This is just a rumour based on the Linkedin profile of Nubi employees mentioning Ripple integration.

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