Ripple

Cross-border CBDC payments could soon be a reality. This follows the announcement by The central banks of Hong Kong and Thailand that they were on the cusp of jointly implementing a similar payments system. In an official communique released on 22 January, the two banks disclosed the results of Project Inthanon-Lionrock, a CBDC research project the two are cooperating in. The banks issued a joint press release and availed a 90-page report detailing the pros and cons of CBDC on…

The XRP/USD price rose over the barrier at $0.2450. The topping of the price happened close to $0.2540 and started correction to the downside. Recently, there was a robust increment in the price over the barriers at $0.2400 and $0.2450. Further, the price moved to the upside over $0.2500 and settled over 100 hourly SMA. However, the sellers successfully protected the gains over $0.2540 and $0.2550. The price formed a high close to $0.2540, and it began to retrace to…

BitPay is about to launch new support for XRPA, and the plan got revealed in a tweet by the firm’s founder, Tonny Gallippi. According to Gallippi, the option will allow the purchase of gift cards with XRP starting next week. Nevertheless, the new developer first got realized by some XRP supporters. Cryptocurrency holders will have the opportunity to use the gift cards effortlessly in spending their cryptos at several retailers and restaurants, including Amazon, Burger King, DoorDash, Domino’s, GameStop, and…

The classification of XRP has presented various issues, bringing about the class action suit employed in determining the digital asset category. Ripple's CEO, Brad Gradlinghouse, recently confirmed the story, sharing his concerns on the matter. He went on to guarantee that XRP cannot be under the classification of asset security. The primary reason for this followed the lawsuit initially filed against the firm due to its involvement in selling unregistered tokens in 2018. As a result, the Ripple firm's motion…

A rejection approximated at about $0.2250 was reflected on the XRP/USD pair prices, leading to a downward movement under the $0.2150 and $0.2100 zones. Although there was a significant upsurge in its price, the initial value was maintained at levels, not beyond the $0.2250 zone. It further encouraged the decrease reported to hold at the level of $0.2150 support.  Following this analysis, a downward trend was recorded that illustrated price maintenance below support levels of $0.2100 considered at the 100 hourly…

At the start of the year 2020, Ripple unlocked funds valued at $192 million from its escrow. Whale Alert caught the recent XRP tokens consignment by scanning data from the XRP. Consignment refers to an installment of a pre-planned release plan that Ripple started in 2017. Ripple officials revealed in a blog post that the firm’s plan to lock up 55 million XRP, releasing funds every month within 55 months. The plan aims at incentivizing investors to maintain interest and…

On the 20th of December 2019, Ripple raised 200 million USD in yet another funding round. Tetragon, SBI holdings, and Route 66 ventures were part of the funding round process. The acquired funds’ objective is to assist Ripple in improving its international payments network and utilizing the XRP cryptocurrency and the XRP ledger. The year 2019 is remarkable for Ripple as regards investment, as it is supposedly the strongest year of growth to date. Brad Garlinghouse, the Ripple CEO, pointed…

In a blog post published on December 12, SendFriend noted it uses the technology of Ripple in saving up to 80 percent in remittance fees. SendFriend is a startup into money transfer based on blockchain. It utilizes xRapid, a product of Ripple. The product provides cross-border payments, converts between the USD, XRP, and Philippine pesos, and prevents conventional banking systems' time-consuming process. The focus of the startup's money transfer app is the reduction in yearly remittance fees for cross-border Filipino…

The date was December 22, 2017, when the inevitable happened. Bitcoin’s value suddenly dropped by 45% from its peak after soaring for an entire year. The bubble burst and the doom had come. The dream of a new era financially dominated by cryptocurrency was put on hold. Today, we look back at what led to the Great Crypto Crash two years ago. Then, we try to find out how it changed the market and answer one of the questions that…