Tag: ripple

Ripple

CoinPayments

RIPPLE (XRP): An Enterprise Blockchain Solution for Global Payments RIPPLE QUICK STATS Ripple (XRP) payment processing is a transformational new way for businesses to handle global payments.  Ripple connects banks, payment providers, digital asset exchanges and corporate headquarters via RippleNet. Thus creating a seamless experience for companies sending money globally. Released in 2012, the overarching goal of the Ripple system is to open doors to the Internet of Value (IoV). Already, Ripple’s global payments network has grown to 90+ customers and 75+ banks, including RBC, BMO, and American Express. “We are…

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Official CoinPayments Ripple Theft Statement

CoinPayments

On June 5th, 2017 a Ripple theft occurred on the CoinPayments platform due to an error that allowed a few users to withdraw excessive XRP from hot wallet XRP accounts. Due to the rarity of the circumstances, this issue was difficult to detect. CoinPayments has done a full review of our systems and added additional checks and protections to ensure similar issues do not occur again in the future. This isolated incident was the first of its kind on our platform and affected only ripple wallets which were not taking…

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