Tag: Ripple

Ripple CEO Declares Intent To Bring XRP Battle To Supreme Court

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In a recent speech at the DC Fintech Week conference, Ripple CEO Brad Garlinghouse addressed the company’s regulatory hurdles. He expressed his views on the cryptocurrency landscape in the United States.  Ripple CEO Warns Of US Risking Market Share Loss According to a Fortune Magazine report, Garlinghouse acknowledged during his speech that despite Ripple’s success in court against the SEC, some US banks must be more cautious about engaging meaningfully with cryptocurrencies.  Garlinghouse attributed this reluctance to the perception that the US government and the Office of the Comptroller of…

Ripple Partners Onafriq to Expand Cross-Border Payments between Africa, Gulf States, UK, Australia

Commenting on the partnership with Ripple, Dare Okoudjou, founder & CEO at Onafriq, said the deal is the first step towards the implementation of the company’s crypto strategy. The leading blockchain payment company Ripple has secured a partnership with Onafriq, one of the top mobile payments companies in Africa, to expand the capabilities of its remittance services and foster smoother cross-border transactions within 27 countries in the region. The collaboration between Ripple and Onafriq is expected to streamline cross-border transactions, providing a faster, more efficient, and cost-effective solution for international money…

Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa

Ripple, a frontrunner in blockchain and cryptocurrency solutions, has joined forces with Onafriq, a leading payments fintech, to revolutionize digital asset-enabled cross-border payments connecting Africa with the Gulf Cooperation Council (GCC), the UK, and Australia. The partnership marks a new era of efficiency for remittances and business payments across these regions, as Onafriq integrates Ripple’s crypto-enabled payment technology to establish new payment corridors. This collaboration is set to address the longstanding hurdles in cross-border payments, such as high costs, slow transfer times, and reliability issues, thereby accelerating financial inclusion across…

XRP Bulls Firmly Shield $0.60 before Ripple Swell 2023

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XRP, the cryptocurrency associated with Ripple, has been making headlines in recent trading sessions as it grapples with a critical support level and the challenges of overbought territory. Despite its struggles, XRP has managed to maintain its position above the $0.66 support level, reflecting its resilience in the face of market pressures. Overbought territory refers to a situation where an asset’s price has risen to such an extent that it is considered overvalued in the short term. This often leads to a correction or a pullback in the price as…

Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf

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Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq. Onafriq will use Ripple Payments’ blockchain technology along with with three partnering companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K. and Pyypl will serve GCC member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Remittances make up a large part of cross-border payments to Africa. Ripple senior vice president of…

Ripple CEO Teases Major Announcements At Swell Event

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Ripple CEO Brad Garlinghouse has expressed his anticipation for the upcoming DC Fintech week, dropping major hints and teasers about significant announcements and heated discussions slated for the event.  Ripple Swell Event Sparks Community Interest Chief Executive Officer of Ripple, Brad Garlinghouse has teased the X (formerly Twitter) community with hints of discussions and ideas about the upcoming Ripple Swell 2023 event scheduled for November 8th and 9th in Dubai.  Garlinghouse stated that he was always excited about the DC Fintech Week which occurred every year. He emphasized the importance…

DZ Bank partners with Ripple to launch blockchain custody service

DZ Bank launches a blockchain-based digital asset custody platform, advancing Germany’s crypto services for institutional and private clients. The second largest bank in Germany, DZ Bank, has unveiled a proprietary service for safeguarding crypto assets, targeting institutional clientele. This service will leverage the capabilities of Metaco Harmonize, a platform developed by the blockchain firm Ripple. The move signifies a merger of conventional banking and blockchain in Germany. The partnership also signifies an achievement for Ripple, as the blockchain’s integration across traditional banking continues to grow. Ripple has been on a…

XRP Price Jumps Over 10% as Ripple Facilitates Financial Services for Multiple Institutions

The price of XRP is responding positively to Ripple sealing agreements to several institutions who need varying services from the firm. The price of XRP has jumped considerably in the last 24 hours. XRP climbed 11% earlier on Monday, before falling to the current 10.13%, according to data from CoinMarketCap. XRP is now the fourth-largest cryptocurrency by market capitalization after replacing the BNB token. CoinGecko data also shows that XRP’s trading volume jumped from $1 billion on Sunday to $2 billion on Monday. While the actual cause of the spike…

Pro-XRP Lawyer Says $20M Settlement Would Be 99.9% Win for Ripple against SEC

Over the weekend, Jeremy Hogan, an attorney and partner at Hogan & Hogan, offered his perspective on the SEC vs Ripple case. Hogan focused on the issue of disgorgement, as the SEC aims for a substantial $770 million penalty for the illicit sale of XRP to institutional investors. Hogan emphasized that the law grants the SEC the authority to pursue disgorgement, interest, and penalties. The disgorgement matter arose in the wake of the court’s decision, which found that around $770 million in XRP sales to institutional investors were in violation…