Finastra, the Third Largest FinTech Firm in the World, Joins RippleNet

Ripple announced on Wednesday (October 9) a collaboration with UK-based Finastra, reportedly the third-largest FinTech firm in the world, to allow Finastra's customers (financial institutions) access to RippleNet, Ripple's global payment network, for faster, cheaper, and more reliable cross-border payments.

In case you have not heard about Finastra, here are a few facts about the company:

  • It was formed in 2017 as the result of the merger of Misys and D+H; (this merger came after the March 2017 acquisition of D+H by Vista Equity Partners, which already owned Misys)
  • It's global head office is in London, but it has over 60 offices located around the world; and
  • the company has an annual revneue of around $1.9 billion, around 10,000 employees focused on financial software, and over 9000 banks and other financial institutions worldwide  ("including 90 of the top 100 banks globally").

According to Ripple's blog post, this partnership will allow Finastra's customers to do business with the over 200 members of RippleNet, and it gives Ripple's customers access to "Finastra’s vast global footprint."

Marcus Treacher, SVP of Customer Success at Ripple, had this to say:

We’re thrilled to be partnering with a forward-thinking company like Finastra to bring Ripple’s technology to their many customers. Finastra is an established fintech player and works with a majority of the world’s top banks. This partnership will enable Ripple to expand the reach and solutions for our partners, and the footprint of RippleNet while allowing customers to transact directly with each other.

And Riteesh Singh, Senior Vice President, FMS, at Finastra, stated:

Finastra’s collaboration with Ripple is another strong example of Finastra’s belief that the future of finance is open, and it demonstrates our commitment to bringing the latest innovations and choices to our customers. Collaborating with a company like Ripple that harnesses innovative blockchain technology to provide fast and reliable cross-border payments is particularly beneficial for our customers in geographies where cost of correspondent banking is high.

 

Featured Image Courtesy of Ripple

Roger Ver Shows Interest in Buying Satoshi Nakamoto's Original Bitcoin Website

Bitcoin.com founder Roger Ver has shown interest in buying the Bitcoin.org website, which was originally registered by Bitcoin creator Satoshi Nakamoto and developer Martii Malmi.

As CryptoGlobe reported, on a GitHub post Cobra Bitcoin, the pseudonymous co-owner of Bitcoin.org, has announced he will be gradually reducing his involvement with the website and leave it “in trusted hands.”

In his original post Cobra noted he had some people in mind, but asked for individuals or organizations that could be a good fit to maintain the website, which is currently being used to onboard new users into the flagship cryptocurrency and ranks highly for the term “bitcoin” on search engines.

Cobra has been widely criticized in the cryptocurrency community proposing changes to Satoshi Nakamoto’s original Bitcoin whitepaper, and has seen mixed reactions to his announcement of reducing his involvement in the website. On Reddit, one user asked whether he would sell the website to Roger Ver.

Roger, taking advantage of the opportunity, responded via his MemoryDealers handle to say he has “cash in hand,” showing interest in acquiring the domain. Ver is well-known for running Bitcoin.com and campaign in favor of bigger blocks on the Bitcoin blockchain. In August 2017, he moved his support to Bitcoin Cash (BCH).

Speaking to CoinTelegraph, Ver noted he would “gladly buy” the Bitcoin.org website, but does not expect Cobra to sell it to him. He added he hasn’t made any efforts outside of that comment to buy the domain. As to who would be best suited to take over Bitcoin.org, he said:

Maybe a Bitcoin Foundation-like organization that is made up of the businesses building on crypto. The [Electronic Frontier Foundation] EFF might not be bad either. Anyone who supports free expression of ideas would be better than the current group.

When asked what he would use the domain for, he said it would be used to promote “peer-to-peer electronic cash systems.” Ver asserted, however, he hasn’t put much thought into it as he doesn’t expect to be given a chance to buy the website.

Featured image via Bitcoin.org.