hello folks you have reached the cryptocurrency portal and today we’re going to go over a little information about ripple because they just sent out some information kind of highlighting their end of your report and they’ve kinda they’ve highlighted five articles that they thought were the best in their determination in 2019 and their quote is as we stand on the doorstep of a new year and a new decade we reflect on the steps along the companies journey enabling payments for everyone everywhere and below and following we list the five most popular ripple insights posts of the past year so it’s a good way to reflect on what they thought was the most important things that happen and they were in in the ripple insights and their post throughout the year so the first one is ripple announced the strategic partnership with money transfer giant MoneyGram we did a couple videos about this partnership and this you know this is a great first step for them obviously MoneyGram is starting to use their odl their on-demand liquidity product which used to be called their ex rapid product before they’ve rebranded to odl and they’re are starting to use in their quarters will actually go ahead and put a link in the comment section below on the Articles that we did or the videos that we did about MoneyGram in the partnership with ripples so this first one says ripple has agreed to enter into a strategic partnership with MoneyGram one of the world’s largest money transfer companies through this partnership which will have an initial term of two years ripple would become money Gramsci partners for cross-border payment in foreign exchange settlement using digital assets in conjunction with the partnership a ripple has agreed to provide a capital commitment to MoneyGram which enables the company to drop to 50 million in exchange for equity over a two-year period and they’ve actually went ahead and drew that and they exchanged it for equity which we did the video on the partnership with ripple will focus on the ex rapid product which is now called odl it’s a solution for on-demand liquidity which reduces reliance is on pre-funding my neighbor money to be sent from one crime scene instantly settled in the destination currency so this is the whole no stroll and Vostro accounts it leverages xrp the native digital asset of the xrp ledger as a real-time bridge between the sending and receiving currencies XRP remains the most efficient digital asset for settlement with transaction fees at just fractions of a penny compared to other digital asset fees of about $30 per transaction similarly the average transaction time for ex RP is 2 to 3 seconds with other topple top digital assets ranging from 15 minutes to an hour as the payments industry evolves and matures it is imperative that we continue to improve our platform and provide the most cost effective solution to get funds from point A to point B said Alex Holmes monograms chairman and CEO through ripples X rapid product again now Nate her name odl we will have the ability to settle instantly settle funds from US dollars to destination currencies on a 24 by 7 basis which has the potential to revolutionize our operations and dramatically streamline our global liquidity management Monogram operates globally in the six hundred billion dollar global remittance market serving millions of customers in more than 200 countries and territories supporting multiple currencies today MoneyGram relies on traditional foreign exchange markets to meet settlement obligations which require advanced purchases of most currencies through this strategic partnership monogram will be able to settle key currencies and match the timing of funding with its settlement requirements reducing costs improving its balance sheet efficiency and reducing risk and Brad Garlin house goes on to say this strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency this is a huge milestone and helping to transform cross-border payments and I look forward to a long term very strategic partnership between our companies said Brad Garland house CEO of now second article that ripple highlighted from their ripple insights articles over the past year was this open letter to Congress that Brad Garlin housed their CEO sent out a few months back and it said dear Congress please do not paint us with a broad brush that’s so true because we need regulatory certainty in the marketplace however you don’t want them to go out and have a rash of regulations that’s one-size-fits-all there are different ways to kind of analyze this and have the appropriate regulation so while we need regulations for regulatory clarity United States so the United States does not get left behind with innovation and companies leave you need to do it right as well so continuing it says many in the blockchain and digital currency industry are responsible actors we’re responsible to the United States and international law we are responsible to serving the greater good we don’t take for granted the vital rule of central banks and issuing currencies and setting monetary policy in concert with the complex dynamics of economies around the world for centuries governments have been well suited for the job because paramount to the acceptance of any currency is trust companies like ours in the United States and others abroad employed these innovations in partnership with regulated financial institutions to enable the world to move money across borders like it already moves information efficiently reliably inexpensively in our view digital currencies have the opportunity to complement existing currencies like the US dollar not replace them without a doubt blockchain and digital currencies will engender greater financial inclusion and economic growth not unlike the Internet’s historic impact as it did with the internet the United States has the chance to lead the way nurturing the economic opportunity will continue or tech privacy and stability that’s so true United States was definitely the leader we urge you to support regulation that does not disadvantage US companies using these technologies to innovate responsibly and classifies digital currencies in a way that recognizes their fundamental differences not painting them with a broad brush without regulatory clarity we risk pushing innovation tax revenue and jobs that these technologies create overseas you have the world’s attention let’s come together and seize the moment respectfully bread garlic house CEO of ripple and Chris Larson executive chairman and co-founder of ripple that’s so true the United States you know was the leader when it came to the Internet and the United States has the opportunity to be the leader in blockchain and crypto currencies so hopefully they don’t mess this up the third article that ripple highlighted in the ripple insights for the year was this one where it says announcing next chapter of Springs ripples developer platform so let’s go through this as a triple weren’t able in the world to move value like information moves today it’s the vision known as the internet of value that drives everything we do for building our global payments Network ripple net to establishing initiatives like spring which is helping scale innovative blockchain projects through partnership and investment today we are thrilled to announce the next evolution of spring now the open developer platform for money similar to how ripple net is growing the global network for financial institutions spring will become a global network for developers this new platform offers a set of tools services and programs that makes it easier for developers to send and receive payments in any currency across any network using the XRP ledger and Inter ledger protocol in short spring removes the pain and friction from integrating money into apps unlocking economic value payments today are antiquated that can take days to arrive and operate in a maze of siloed networks traditional traditional payment rails were built decades ago and do not meet today’s business and consumer demands for reliable fast convenient and low-cost payments the time for now is changes now in the same way the internet unlocked economic growth through democratization of information the internet of value will unlock economic value through global access to and digitization of money over the past five years the internet accounted for 21% of the GDP growth in mature economies any given country each 1% increase of electronic payments creates 100 billion additional GDP we believe that the ongoing transformation of the global payments industry will represent opportunities to create similarly large and impactful businesses as we saw during the growth of the internet the internet of value has the opportunity to enable billions of people around the world to instantly make transactions increase financial inclusions for millions of unbanked consumers and give rise to entirely new businesses and industries again to bring the internet of value to life the developer community needs more so realize the internet of value 3 developer ecosystem with spring we are arming developers with easy access to technology proven to move money instantly across any payment networks XRP has the fastest and most scalable settlement of any top digital asset and has a proven use case beyond the alternative store of value cross-border payments via ripple net when paired with ILP XRP bridges the gap between fiat or digital asset and forms a university the universal ubiquitous way to make payments developers who build with ILP experience infinite scalability are not and are not locked into a single crypto ledger together ILP and XRP enable trading in cross blockchain transactions micro payments and web monetization for an array of industries like media and gambling this is just the beginning spring will further improve and build out these technologies and offer developer support advocacy and partnerships to help them solve problems real fast only by growing the developer ecosystem around fast and low payment low-cost payment technology will the real power of the XRP and ILP be realized so that’s that one so this is also we’re not gonna go through this cuz we actually did a video about this and says ripple net growth announcing more than 300 customers so they talked about you know and go Lance and V America is the CEO of flash FX and then the last article which we just recently did a video on so link in the subject or in the comment section below the video about ripple caps year in with a $200,000,000 Series C funding round which actually brought them to a valuation of ten billion dollars so those were the top articles through it ripple insights that ripple the company highlighted here recently so we just want to do a little article about it kind of overview all these articles they wanted us to kind of highlight so thank you for tuning in the cryptocurrency portal we deeply appreciate it if you’re already subscribed to the channel thank you thank you thank you and Happy New Year if you’re not a subscriber to the channel we would be honored with your subscription of channel hope you gained your trust with this video if you like this video please smash that thumbs up button really helps out the channel and if you have a comment about this video or anything about the crypto space please leave in the comment section below we deeply appreciate because what it was like discussions here in the crypto space so thank you again for tuning in to the cryptocurrency portal [Music]