Ripple : The Ripple Connection

Ripple update: The Ripple Connection

* Update, looks like Standard Chartered has cleared up the muddy water

Standard Chartered Verified account


Replying to @RipplePandaXRP
Hi, there. The blockchain technology used is developed by Ant Financial and Alipay. It has no links to Ripple or any of its solutions. Thank you. – Angela

Here is some research about the Ripple connection with the Alipay, Ant, Standard Charter:

From Standard Charter Website: “Our strategy is to select the right fintech partners to help us advance financial inclusion, fintech innovation and client experience in Hong Kong. Already, we’re collaborating with the likes of Paykey, Alipay, Wechat and Ripple, and are connected to big players such as Apply Pay and Samsung Pay.”

Standard Charter also started a Ripple pilot in May

Douglas Feagin, who is VP of Ant Financial. Says, “And so here’s how the blockchain works. It’s what we call a consortium blockchain and there are four parties to this; there’s AliPay Hong Kong, Standard Chartered, “who’s helping us with the clearance and settlement”, and then G-cash in the Philippines who receive the money and ANT Financial is providing the technology solution.”

FIs are currently engaging and implementing pilots with Ripple
Ripple is especially appealing to multinational FIs who want to lower the risks, costs, and delays of payments.
FIs and MMs engaging with Ripple Labs include:
• Top-20 global, EU, and US banks
• Consortiums of EU and US banks
• Multibillion-dollar hedge funds and quantitative trading firms
• Top-10 global remittance operators
• Top-15 global telecoms (mobile money)

Bottom of page 6 – Reference:

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About Ripple (XRP)

Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.

Author: kingblue_xrp

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