Ripple’s XRP recognized for speed and low-cost settlement by IIF in BIS consultation feedback. Despite RLUSD not being in the IIF report, Ripple’s global payment expansion continues through real-world use. Ripple‘s XRP has been named by the Institute of International Finance (IIF) as a feasible choice for international payments in its recent response to a…
The native digital currency of Ripple and its cross-border payments network have started receiving global recognition after its win over the US Securities Exchange Commission. The Institute of International Finance (IIF) has mentioned XRP and Ripple in its response to BIS on cross-border payments. IIF Considers XRP Cheaper And Faster For Global Payments According to…
With a massive rise in the price value of XRP, the native digital currency of Ripple has also seen significant growth in its market capitalization jumping high to $153 billion slightly more than Tether’s market capitalization. This helped XRP overtake Tether’s USDT and take the third position in terms of market cap, as per data…
On December 17, 2024, Ripple introduced RLUSD, its own stablecoin project, into the stablecoin market. RLUSD highly prioritizes cross-border payments and regulatory compliance, making it a credible USDT competitor within the market. According to data from DeFiLlama, an open-source analytics platform, the stablecoin market’s total market capitalization is $242.93 billion. The market cap has risen by $1 billion in the last…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a vigorous dissent, US Securities and Exchange Commissioner (SEC) Caroline Crenshaw has publicly condemned the recent settlement agreement between the agency and Ripple Labs, along with its executives. Ripple’s Legal Victory The settlement, announced on Thursday, follows a lengthy legal battle…
A massive transaction involving XRP has just happened as per the famous blockchain transaction tracking platform Whale Alert. As per the report, a staggering amount of 20 million XRP has been transferred to the famous cryptocurrency exchange Bithumb from an unknown cryptocurrency wallet. Reportedly, the transaction occurred a few hours ago on the 13th of…
The futures open interest of XRP has risen high during the past week registering a gain of more than $1 billion in its value. The rise coincides with the price rally of the word’s fourth largest digital currency XRP which also occurred last week. Currently, the price value is trading successfully in the positive zone….
Ripple CTO David Schwartz detailed how XRPL’s payment engine prioritizes XRP liquidity during transactions and leverages auto-bridging to connect less liquid asset pairs. Schwartz noted XRP’s competitive edge in providing fast, cost-efficient settlements for financial institutions. David Schwartz, Ripple’s Chief Technology Officer (CTO), discussed what factors could help in the XRP price surge. To make…
Ripple’s XRP, trading at $2.57, is drawing attention from institutional and retail investors, fueled by its growing utility and widespread adoption. Crypto analysts predict significant upward potential, with key targets at $3.33, $5.85, and a long-term projection of $36. Integration of Ripple’s native cryptocurrency XRP into the global financial system is accelerating, with over 300…
SMQKE also revealed code snippets from the R3 Corda platform linking Ripple’s XRP and SWIFT protocols. While these findings hint at possible integration with traditional financial systems, their broader implications remain contested within the XRP community. An ongoing debate in the XRP community about ISO 20022 compatibility has gained renewed energy from a recent discovery…
