The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ripple Doubles Down in Asia, Explores New Corridors for XRP-Powered xRapid and Pushes Crypto Integration

by Daily Hodl Staff
April 9, 2019
in Altcoins

Ripple is expanding its presence in Asia. The blockchain startup is doubling the number of staff at its headquarters in Singapore, from 12 to 24 employees, reports The Business Times and Finews.Asia.

Senior vice-president of global operations Eric van Miltenburg says Ripple is working to catch up with demand in the fintech-friendly region of Southeast Asia.

“[It’s an] incredibly important market for the company, given interest from regional banks in using blockchain for payments.

The demand here is significant, so it’s an easy decision for us to continue to invest in this market and make sure that we can… also seek out new customers, new partners and new ways that we can work with the market.”

About half of Ripple’s clients are located in Asia, including InstaReM, CIMB Bank, SCB and BDO. The company also has a longstanding relationship with the Japanese financial giant SBI, which invested in Ripple back in 2016.

In addition to boosting its blockchain-based payment solution xCurrent, Ripple is looking to expand its cross-border payment solution xRapid across the region. Ripple recently hired a new business development lead for xRapid, who will head the firm’s APAC (Asia Pacific) efforts.

https://twitter.com/EDadoun/status/1113452575800537090

The Philippines-based crypto exchange Coins.ph has confirmed it’s adopting xRapid, which is designed to give banks and financial institutions a way to move money around the world using XRP as a bridge currency.

Crypto exchanges are central to Ripple’s rollout of the XRP-based solution, and will accept fiat from financial institutions, convert it to XRP, and send it to a corresponding crypto exchange in another country, where it is instantly converted back to fiat.

The head of regulatory relations for Asia-Pacific and the Middle East at Ripple, Sagar Sarbhai, told CNBC the company is working to bring xRapid to countries that are already crypto-friendly, while informing lawmakers elsewhere about the benefits of relaxing regulations.

“A couple of years ago the narrative was: blockchain good, crypto bad. What we’re now seeing is more and more regulators, policymakers taking the whole space in one conjunction.

So, I think that narrative, thankfully, is now changing because policymakers, regulators are seeing that there is a strong benefit that digital assets, cryptocurrencies bring in.”

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,708.81
$118,708.81
1.07%
Ethereum
$2,984.25
$2,984.25
1.61%
BNB
$690.32
$690.32
0.61%
Solana
$161.27
$161.27
1%
XRP
$2.82
$2.82
3.32%

Spotlight

  • Hot FOMO Bull Market for Bitcoin Likely Approaching As BTC Indicator Begins To Inch Upward: PlanB
    July 6, 2025
  • Marathon Digital CEO Fred Thiel Warns Bitcoin Treasury Companies Becoming ‘Saturated’ – Here’s His Forecast
    July 6, 2025
  • $3,300 Drained From Wells Fargo Account After 72-Year-Old Falls for Notorious Scam – Why the Lender Is Refusing To Reimburse
    July 6, 2025
  • Fraud Mastermind Carries Out Slew of Inheritance Scams Targeting Elderly and Vulnerable Americans: DOJ
    July 6, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl