Tag: Ripple

Georgia preparing limited live CBDC pilot, considering Ripple among tech providers

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The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies, including Ripple Labs, will take part in the project, and one of them will be selected to move forward to the next stage of testing. In a paper released in February, the NBG stated that it was considering a two-tier design for its CBDC, with wallets provided by a third party. It would be programmable and support asset tokenization.…

Ripple Walks Away from Deal to Acquire Fortress Trust Only a Few Weeks after Announcement

For reasons best known to Ripple and CEO Garlinghouse, the deal to acquire Fortress Trust is now off despite enthusiasm shown weeks ago. Barely three weeks after announcing its decision to acquire regulatory and tech infrastructure company Fortress Trust, Ripple is no longer interested in the deal. Ripple CEO Brad Garlinghouse made the announcement on X (formerly Twitter), specifying that the company will remain an investor in Fortress Trust. A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since made the decision not to move…

Ripple CTO Addresses Bitcoin Adviser’s Claims That XRP Is Centralized

Ripple CTO David Schwartz has addressed claims made by El Salvador Advisor Max Keiser that the XRP token is a “centralized” cryptocurrency. Schwartz took to X (formerly Twitter) to clear the air, stating that the Bitcoin Adviser’s opinion of XRP was too ignorant to warrant a proper reciprocation.  Ripple CTO Criticizes Centralization Claims On September 24, Co-founder of Volcano Energy and Bitcoin Advisor to El Salvador’s President, Max Keiser made a controversial statement about the XRP token. In an X (formerly Twitter) post, Keiser stated that Ripple’s native token, XRP…

Ripple pulls back from Fortress acquisition 20 days after announcement

Within 20 days of announcing the acquisition of Fortress Trust to allegedly expand its pool of licenses in the United States, financial technology firm Ripple is pulling out of the deal.  Ripple’s CEO Brad Garlinghouse made the announcement on X (formerly Twitter) on Sept. 28, saying that “we’ve since made the decision not to move forward with an outright acquisition,” although Ripple will remain a shareholder in Fortress Trust’s parent company Fortress Blockchain Technologies. Ripple first announced the acquisition on Sept. 8, surprising even company insiders with the news, Cointelegraph…

Fortress Trust Sale to Ripple is Canceled

“The Fortress team is incredibly talented, and has built products solving real customer problems. While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future,” Garlinghouse added. Source

What Happens To XRP Price If Ripple Stock Climbs To $600?

One thing that has emerged that could influence the XRP price has been the possibility of Ripple carrying out an Initial Public Offering (IPO). This would mean that shares of the crypto firm would become publicly tradable like that of Coinbase’s COIN stock. However, even more prominent among investors is the possibility of how high the price of the shares could trade. Financial Expert’s Ripple Video Resurfaces The rumors had first begun with some members of the XRP community talking about a possible IPO. Like rumors are wont to do,…

Ripple Plans to Expand Workforce beyond US Borders to Asia and Europe

Ripple’s expansion plans come months after its partial victory in its ongoing legal battle with the US SEC. In a strategic move aimed at addressing ongoing regulatory issues in the United States, Ripple, a blockchain payment company, is gearing up to significantly expand its workforce in international markets. In an interview with CNBC on September 13, Ripple CEO Brad Garlinghouse said without revealing the actual locations that over 80% of the company’s new hires for the year will be directed to nations where governments actively support the blockchain industry and…

Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?

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Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer volume but also the repetitive nature and targeted destinations. Ripple Transaction Breakdown Between the end of August and mid-September, a total of 15 significant XRP transactions were initiated by two Ripple-controlled addresses. These transfers were…

Ripple CTO Explains Company’s Stance On Debunking Outrageous XRP Price Predictions

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Over the last few months, there have been a number of XRP price predictions that have taken the crypto market by surprise. While some of these have looked to be attainable, others have carried price ranges that seem impossible for the current vantage point. A s a result of community members questioning what Ripple can do about these predictions, Ripple CTO David Schwartz has come forward to explain why the company is not debunking the predictions. Ripple CTO Says It’s Hard An X (formerly Twitter) user drew the attention of…

Ripple Explains Why It Fast-Tracked Fortress Trust Acquisition

A multimillion-dollar security incident involving a Fortress third-party vendor took place in the hours leading to the takeover by Ripple. Ripple has shared the reason behind its accelerated acquisition of Fortress Trust which took place on September 8. According to the financial technology company, the deal was already on the table, albeit without any urgency to it. However, a multimillion-dollar security incident involving a Fortress third-party vendor took place in the hours leading to the takeover by Ripple. That was what necessitated the need to speed up things as it…