BITGO BUILDS BUSINESS WALLET FOR XRP, KEEP THE GOOD NEWS TO RIPPLE
BitGo and Ripple come together to make it easier for companies to use XRP in your global payments. BitGo announced last week that will be soon offering a Wallet with security multi-firma for the management of advanced cash and additional business functionality for XRP, which this year will be integrated on the platform BitGo.
BitGo mission is to empower companies to integrate digital currencies into your existing financial systems safely and climbing form. This integration will be available to companies that process more than USD1 billion dollars in transactions per month and will allow its customers to include the higher rates of exchanges of digital currency and applications in the world, to add a versatility in its unprecedented payments platforms.
For those who still don't know, the XRPProtocol, although it is based on the Bitcoinof Satoshi Nakamoto, was created specifically to be an institutional solution which could be deployed in financial organizations and trades, in order to send and receive payments in a matter of seconds, as shown by the most recent analysis of R3CEV on trials of cross-border interbank payments with XRP, of date on October 20, 2016, where it was evaluated the use and performance of XRP, coming to the conclusion that the Ripple Protocol can allow large revenue opportunities and reduced costs for the participating institutions.
What is Bitgo?
Bitgo is a security company Blockchain, which is located in Palo Alto, California, which was founded in 2013 by Mike Belshé and Ben Davenport both ex-empleados Google. Bitgo offers its services through your Wallet BitcoinMultiSignature (multiple signature) and its API, which allows developers around the world use BitGo enterprise-grade security features in its commercial Web sites and applications.
What is Ripple/XRP?
Ripple , is a protocol created initially by the OpenCoinstartup, founded in 2012, product of the union of ideas between Ryan Fugger (who conceived Ripple in 2004, when it was built RipplePay.com), Jed McCaleb and Chris Larsen. OpenCoindevelopment protocol Ripple (RTXP) and payment network and Exchange was supported by that Protocol. But then that in 2013, OpenCoin closed its first round of funding with angel investors and venture capital companies, has acquired SimpleHoney, to move to its second round of financing, in which Jed McCaleb separated from the Group and OpenCoin became officially known as Ripple Labs, Inc. Later in the year 2015, the company received a sentence of USD700.000 by the Financial Crimes Enforcement Network (FinCEN), (in Spanish Control of financial crimes network) an office of the u. S. Department of the Treasury , (in Spanish, Department of the Treasury of the United States) on the grounds that he had committed "voluntary violations" against the Bank Secrecy Act (BSA), (in Spanish the bank secrecy Act) and for failing to implemented proper procedures of Anti-money laundering (AML), (in Spanish procedures against money laundering), within the framework of its operation as a company money services business (MSB) , (in Spanish money services business). Given the progress of the development of its Protocol and the commitment of major financial institutions in the payment network, took that in that same year Ripple Labs, Inc., changed its name to just Ripple.
Ripple that it currently has offices in San Francisco, New York, London, Luxembourg and Sydney, has designed a payment network inspired by the Bitcoin allowing financial institutions to carry out interbank money transfer and transboundary (International) with cost close to 0, without the intermediation of the big banks of Wall Street as correspondent banks, nor of the Swiftnetwork, but a comparable to the Bitcoinsafe. Ripple, although it is a development designed to lower the costs of banking, continues to maintain the spirit of the first cryptocurrency, well designed Open Source (in Spanish open source), operates under the consensus of its nodes and has its own cryptocurrency, called XRP. Ripple works as a defender of the industry for the Internet's value, so it has a place in the Federal Reserve completo Faster Payments Task Force Steering Committee, (in Spanish Steering Committee of the task force of payments) More rapid Federal Reserve) and in the W3C completo Web Payments Working Group, (in Spanish the payments website of W3C Working Group).
Ripple , already achieved a group of banks globally to do tests of the Protocol, to experiment with the power of the Ripple, which offers transfers in 10 seconds between equidistant points the planet, to provide a transfer experience value in real time. Several of them have already implemented solutions which are operational at this time, that expected that in the near future you can speed up money transfers effected with any currency around the world and at very low cost.
What is Ripple/XRP?
Ripple , is a protocol created initially by the OpenCoinstartup, founded in 2012, product of the union of ideas between Ryan Fugger (who conceived Ripple in 2004, when it was built RipplePay.com), Jed McCaleb and Chris Larsen. OpenCoindevelopment protocol Ripple (RTXP) and payment network and Exchange was supported by that Protocol. But then that in 2013, OpenCoin closed its first round of funding with angel investors and venture capital companies, has acquired SimpleHoney, to move to its second round of financing, in which Jed McCaleb separated from the Group and OpenCoin became officially known as Ripple Labs, Inc. Later in the year 2015, the company received a sentence of USD700.000 by the Financial Crimes Enforcement Network (FinCEN), (in Spanish Control of financial crimes network) an office of the u. S. Department of the Treasury , (in Spanish, Department of the Treasury of the United States) on the grounds that he had committed "voluntary violations" against the Bank Secrecy Act (BSA), (in Spanish the bank secrecy Act) and for failing to implemented proper procedures of Anti-money laundering (AML), (in Spanish procedures against money laundering), within the framework of its operation as a company money services business (MSB) , (in Spanish money services business). Given the progress of the development of its Protocol and the commitment of major financial institutions in the payment network, took that in that same year Ripple Labs, Inc., changed its name to just Ripple.
Ripple that it currently has offices in San Francisco, New York, London, Luxembourg and Sydney, has designed a payment network inspired by the Bitcoin allowing financial institutions to carry out interbank money transfer and transboundary (International) with cost close to 0, without the intermediation of the big banks of Wall Street as correspondent banks, nor of the Swiftnetwork, but a comparable to the Bitcoinsafe. Ripple, although it is a development designed to lower the costs of banking, continues to maintain the spirit of the first cryptocurrency, well designed Open Source (in Spanish open source), operates under the consensus of its nodes and has its own cryptocurrency, called XRP. Ripple works as a defender of the industry for the Internet's value, so it has a place in the Federal Reserve completo Faster Payments Task Force Steering Committee, (in Spanish Steering Committee of the task force of payments) More rapid Federal Reserve) and in the W3C completo Web Payments Working Group, (in Spanish the payments website of W3C Working Group).
Ripple , already achieved a group of banks globally to do tests of the Protocol, to experiment with the power of the Ripple, which offers transfers in 10 seconds between equidistant points the planet, to provide a transfer experience value in real time. Several of them have already implemented solutions which are operational at this time, because it is expected that in the near future you can speed up money transfers effected with any currency around the world and at very low cost.
