• Ripple(XRP) - The DepositAuth and fix1513 Amendments are Now Available

    The DepositAuth & fix1513 Amendments became available on the XRP Ledger in ledger sequence number 37,753,345 (2018-04-06T01:44:42Z).

    • The DepositAuth Amendment lets an account strictly reject any incoming money from transactions sent by other accounts.
    • The fix1513 Amendment fixes an issue where calculation switchovers were not implemented in the fee escalation queue.

    Action Required

    If you operate a rippled server, then you should upgrade to rippled version 0.90.1 immediately for service continuity.

    Impact of Not Upgrading

    If you operate a rippled server older than version 0.90.0, your server is amendment blocked. A server that is amendment blocked:

    • Cannot determine the validity of a ledger
    • Cannot submit or process transactions
    • Does not participate in the consensus process
    • Does not vote on future amendments
    • Could rely on potentially invalid data

    If you are using rippled version 0.90.0, your server is not amendment blocked but you should upgrade to rippled version 0.90.1 or higher to get important security fixes. rippled version 0.90.0 may stop or restart unexpectedly.

    For instructions on updating rippled on supported platforms, see Updating rippled on supported platforms.

    For other platforms, please compile version 0.90.1 from source. See the rippled GitHub repo for instructions by platform. For instructions building rippled from source on Ubuntu Linux, see Build and Run rippled on Ubuntu.

    Upcoming Features

    The previously announced Checks amendment has lost the support of a majority of trusted validators and is not expected to become enabled in the immediate future.

    Learn, ask questions, and discuss

    Related documentation is available in the Ripple Developer Portal, including detailed example API calls and web tools for API testing.

    To continue receiving updates about the rippled server, please subscribe to the Ripple Server Google Group:!forum/ripple-server

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  • Ripple Invests $25 Million to Drive Innovation in Blockchain and Digital Assets

    Ripple has invested $25 million in XRP to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space.

    The $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams that are building businesses using blockchain technology. The investment will also provide an opportunity to identify new use cases for the XRP Ledger and Interledger Protocol.

    As open source platforms, the XRP Ledger and Interledger Protocol provide an avenue for developers to work directly with the technology and build on it. While Ripple’s primary focus has been to remove friction from cross-border payments, the investment in Blockchain Capital’s fund provides an opportunity to support and develop additional use cases beyond payments.

    “As pioneers in the blockchain sector, we have been on the frontlines and in the trenches with our portfolio companies, like Ripple, building a new crypto ecosystem,” said Bart Stephens, co-founder and managing partner of Blockchain Capital. “There are entire verticals — such as healthcare or identity management — that could benefit from blockchain or distributed ledger technology.”

    “Whether it’s using XRP, bitcoin or just the underlying blockchain technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long term.”

    As the ecosystem around blockchain continues to expand and develop, Ripple will look to support new use cases of the technology including more investments in business use cases developed by entrepreneurial teams and funds.

    “Blockchain Capital is the premiere fund for any project looking to get off the ground in the blockchain space. They have a proven track record for finding and funding the projects that matter,” said Patrick Griffin, SVP of Strategic Growth at Ripple. “This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies.”

    Ripple believes in supporting the XRP Ledger and Interledger Protocol and will continue to look for opportunities to support entrepreneurs, companies and funds that share this vision.

    To learn more about the fund visit Blockchain Capital’s website.

  • Santander Launches First Mobile App for Global Payments Using Ripple’s xCurrent

    Santander One Pay FX — the first Ripple-enabled mobile app for cross-border payments using xCurrent — is now available to Santander’s retail customers in the U.K.

    One Pay FX gives Santander’s customers the ability to make EUR and USD payments to Euro Zone countries and the U.S, respectively. International payments made on the app reach their destination within one day, versus three to five days on average for traditional wire transfers.

    With the launch of the service, Santander will become the first bank to roll out a blockchain-based international payments service to retail customers in multiple countries simultaneously.

    The roll out of One Pay FX will also provide a critical service to the millions of Santander customers who depend on international payments services.

    “One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander, said Ana Botín, executive chairman of Banco Santander. “Transfers to Europe can be made on the same day and we are aiming to deliver instant transfers across several markets by the summer.”

    Ripple also supports cross-border payments for Santander in Spain, Brazil and Poland

    Ripple will also enable cross-border payments for Santander customers in Brazil, Spain and Poland using xCurrent. Customers in those countries will now see faster transaction times.

    “Ripple’s products, including xCurrent, help financial institutions across the globe enhance their customer experience by making the global movement of money more fluid,” said Marcus Treacher, Ripple’s SVP of customer success. “With One Pay FX, Santander customers in can now send payments across borders in a fast and simple way.”

    Santander is one of the largest banks in the world with over 133 million customers and nearly 14,000 retail branches. Santander plans to roll out the technology, to more countries and will eventually support instant payments.

    As more financial institutions like Santander adopt and build upon Ripple solutions, we can eliminate the friction in global payments, and will be one step closer to establishing an Internet of Value — where money moves as information does today.

    To learn how to use Ripple’s solutions or to become a member RippleNet contact us.

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