Ripple to Offer a “New Standard” for Remittances in Brazil & Entertainment Industry

Published February 6, 2019 | Updated February 6, 2019


Ripple to Offer a “New Standard” for Remittances in Brazil & Entertainment Industry

Ramessa Online has announced a partnership with Ripple which is currently live on xCurrent and will be expanding to XRP in the near future. Meanwhile, Ripple and XRP have entered the music industry via Xpring.

Ramessa Online Live on xCurrent, Plans to Expand to XRP in Near Future

Ripple has added another partner to its list in the form of Sao Paulo-based company Ramessa Online. Founded in 2016, the company is currently live on xCurrent but will expand to XRP in future as it stated,

“We are live on xCurrent, but we do plan to expand to XRP some time in the near future.”

Ramessa Online is already using RippleNet and waiting for XRP to be regulated as the company “need to be compliant with legislation.”

According to Money Times, Remessa Online which is created by BeeTech, another partner of Ripple for cross border transfers joined online credit platform Creditas.

Targeting the Entertainment Industry

In another event, Ripple has now moved on to the music industry. Former BMG president, Zach Katz’s investment group Raised in Space Enterprises has announced a partnership with Scooter Braun’s Ithaca Holdings and Ripple’s Xpring.

Ethan Beard who is leading Xpring at Ripple shared,


Raised in Space will fund entrepreneurs with tech solutions in music space and will leverage Ripple’s Xpring to integrate “blockchain and the digital asset XRP when applicable,” reported Billboard.

Braun who has managed Ariana Grande and Justin Bieber and is also known for his investments in startups said,

“The relationship between music and tech has massive untapped potential.  I’m excited to launch a company focused on bridging these two industries in a transformative and actionable manner that raises the value of music.”

Talking about the investment aspect, Katz stated, “We plan to make six-to-10 very well thought-out investments per year in the range of $500,000 to $5 million and we are completely prepared financially to do that for the next five years or more.”

This has certainly got the XRP community excited as one enthusiast commented,

“Scooter Braun is a proven investor and manager. Also, Ethan Beard is a proven business & app developer. If they think XRP is going to have major potential, you better listen and watch out to these mastermind of the game!”

While another one stated, “Wow! XRP is taking over the entertainment industry!!

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Anjali Tyagi 440 Articles
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.
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