The San Francisco based blockchain startup has more than 100 institutions using its RippleNet payment network “The technology we have, and the vision we have, is proven," Marcus Treacher, Ripple's global head of strategic accounts tells American Banker. "We've gone from theory to hard-nosed production, and that's a big event.”; the two way protocol allows for banks on both sides of the transaction to verify funds and fees. Source.
Get ready for MEMX, or Members Exchange, as a group of nine retail broker-dealers, banks, and financial services firms plan...
RiverNorth's total portfolio consisted of 10,173 loans with an average loan size of $10,176 at the end of July; in the note to investors RiverNorth shared that investors are becoming more comfortable with online lending assets with more awareness likely to drive further growth; highlights two recent positive events in the industry including Prosper's recent securitization and Lending Club's Q2 2017 results. Source
Brokerage app Robinhood is unveiling a new web based platform; the company currently has over 3 million opened accounts and is growing daily; Business Insider reports that co-founder Baiju Bhatt said, "When people are buying stocks, they are comparison shopping and they want an experience that's built for that."; the company has reached the size of Etrade and are working on building additional features. Source.
Only five days after announcing they would enable bitcoin and ethereum trading Robinhood saw more than one million signups; Robinhood has made its name on zero commission stock trading and plan to roll out the new feature in five states first; “We see millions of trades a day. In our brokerage industry there is no excuse for down time. We plan on bringing that mind-set to the crypto space,” said Robinhood Co-Founder Baiju Bhatt to Business Insider. Source.
Many were looking forward to Robinhood launching into the UK market as they would compete with companies like Freetrade and...
Robinhood has become a buzzword in fintech and even on cable news programs with more day traders taking to the...
According to The Information fintech startup Robinhood has big plans for fundraising rounds in the near future; the publication says...
Starting in February, Robinhood will allow users to buy and sell bitcoin and ethereum without any additional fees; they will compete directly with Coinbase who charge 1.5 - 4% in fees; users will also be able to track prices, news and set alerts on many top cryptocurrencies; the company plans to operate this part of the business on a break-even basis. Source
Yesterday, Robinhood reported another outage which comes after two outages the previous week; the markets remain volatile which has increased...