Tag: XRP

Ripple Labs, Inc., the United States-based Fintech firm and creators of the ripple (XRP) altcoin is formulating a sure-fire strategy to make the native token a popular choice amongst the populace of India. XRP to the Moon? According to an Express report, officials at Ripple have revealed their fail-proof plan to end bitcoin’s dominance in the cryptocurrency ecosystem. Asheesh Birla,…

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On July 5, 2018, Australian cryptocurrency exchange Independent Reserve announced to list the world’s third-largest cryptocurrency by market cap Ripple (XRP) on its platform. Ripple will be the exchange’s fifth token – the other four being Bitcoin, Ethereum, Bitcoin Cash and Litecoin. XRP Meets Listing Criteria Australia’s first regulated crypto exchange divulged adding support for XRP and began trading Ripple’s…

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For several months, the Thai government has been hard at work formulating amenable laws for its cryptospace. In what seems like a flawless victory for cryptocurrency investors in the country, authorities have now officially confirmed that the previously stated ICO regulation takes effect on July 16, 2018. ICOs to be Thoroughly Screened According to the Thai SEC statement, there will…

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In June 2018, Santander Bank, one of the largest banks in the world, announced that it would be deploying a Ripple-powered remittance app in various parts of the world. The app which is operated using Ripple Labs product called XCurrent will allow for same day settlements. Increasing Trust in Ripple The program, called OnePay FX, does not make use of…

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Dutch banking giant ING has released an economic report that shows more than a third of people (of those surveyed) think cryptocurrency is the future of online commerce, with a similar proportion indicating that they also think it is the future of investing. ING’s Bitcoin Optimism The report found one in ten Europeans are currently in possession of cryptocurrency, and…

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The management of the Western Union Co. seems to believe that cryptocurrency transfers are not part of its near future, according to a statement expressed by its Chief Executive Officer, Hikmet Ersek. Despite the increasing global popularity of the use of digital currencies, the CEO of the American financial giant that provides services of sending and receiving funds across the…

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After Brad Garlinghouse took the stage for an interview with  Stifel Tech Analyst Lee Simpson, the CEO of blockchain-based payments platform Ripple (XRP) voiced his thoughts on bitcoin (BTC) and blockchain, stating the latter “will not disrupt banks.” Ripple CEO States Blockchain not Confined to Banks A report by The Street revealed the startling opinion of blockchain technology Garlinghouse holds,…

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South Korea’s dominance in the traditional finance sector has been much less pronounced than its neighboring economies of Japan and China. However, the country is surging ahead with the world’s new cryptographic financial system catalyzed by the government’s forbearing stance on the digital asset class. Korea’s Cryptocurrency Influence In the cryptocurrency sector, Korea’s influence is remarkably observable, as the country…

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In the United States digital assets ecosystem, the Securities and Exchange Commission (SEC) exhibits the most significant regulatory influence. In the latest development, SEC Chairman Jay Clayton made it clear that bitcoin (BTC) is the only cryptocurrency that does not fall under the securities category since the pioneer cryptocurrency can function as an alternative to sovereign fiat currencies. ICO-Generated Altcoins…

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The Japanese financial services behemoth, SBI Group, announced the launch of its in-house cryptocurrency exchange on June 4, 2018, following months of anticipation and delays. Delayed Plans In May 2018, BTCManager reported that SBI was looking to open Japan’s first banked-owned cryptocurrency exchange. Delays slowed plans due to security concerns following the loss of $432 million by Coincheck when it…

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