Tag: Ripple

Ripple Announces Initial Exchange Partners for Ripple USD (RLUSD) Stablecoin Launch

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Payments firm Ripple is announcing exchange partners for the launch of RLUSD, the company’s new dollar-pegged stablecoin. According to a new press release, Ripple Labs is collaborating with crypto platforms Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish to launch Ripple USD. Beta testing for RLUSD rolled out on the Ethereum (ETH) mainnet and the XRP Ledger (XRPL) two months ago. Ripple first announced plans for RLUSD in April 2024. In a court filing in May, the U.S. Securities and Exchange Commission (SEC) argued that the planned stablecoin represented an “unregistered crypto asset.”…

Ripple Steps Toward RLUSD Launch By Announcing Exchange Partners for Its Stablecoin, Awaits Approval From NYDFS

MIAMI, U.S. – Ripple named exchange and market maker partners for its upcoming dollar-pegged stablecoin, RLUSD, on Tuesday at the Ripple Swell 2024 conference in Miami, Florida. The firm also added ex-Federal Deposit Insurance Corporation (FDIC) chair, Sheila Bair, and David Puth, the former CEO of Centre, a consortium which set standards for USD Coin (USDC), to the advisory board for its stablecoin. Source

Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority

Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ripple Co-Founder Chris Larsen Sends $1 Million XRP Donation To Kamala Harris

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Este artículo también está disponible en español. As the US presidential election approaches, the crypto industry has emerged as a focal point of political debate, with key figures from blockchain payments company Ripple expressing divided support for leading candidates Vice President Kamala Harris and former President Donald Trump.  This division comes amid ongoing debates about regulatory frameworks, particularly concerning the US Securities and Exchange Commission (SEC) and its enforcement actions against the cryptocurrency sector. Ripple Larsen’s $1 Million XRP Donation  Christian Larsen, co-founder of Ripple, has made headlines by making…

Ripple Plans ‘Cross-Appeal’ in SEC Case to Preserve Its Arguments

“I don’t think that folks who are paying attention should be much distracted by these efforts to create confusion, because I think the judge got it right, and I think they should welcome the opportunity for the court of appeals to roll on this issue and finally, bring the clarity that we need,” Alderoty said about the appeals court taking up the case – though, he added, the U.S. “really needs a policy solution” from legislators rather than court rulings. Source

Ripple debuts crypto custody solutions to support banks in managing crypto: report

Ripple is entering the custodian space, unveiling a range of new services to assist financial institutions in managing crypto for their clients. According to a CNBC report on Oct. 10, the San Francisco-based blockchain firm wants to position its recently formed Ripple Custody division as a new player in the growing crypto custody market. The new offerings reportedly include pre-configured operational and policy settings, integration with Ripple’s XRP Ledger platform, and tools for monitoring anti-money laundering risks to ensure regulatory compliance. In a bid to enhance its custody capabilities, Ripple…

Ripple Wins Platinum for Best Cross-Border Payments Platform at Future Digital Awards 2024

Ripple has been named a Platinum Winner for Best Cross-Border Payments Platform in Juniper Research’s 2024 Future Digital Awards for Fintech & Payments. Other winners included Huawei for mobile money, SAP Fioneer for banking-as-a-service, and Paymentology for embedded finance, highlighting a year of varied fintech advancements. Ripple Wins at 2024 Future Digital Awards Juniper Research […] Source CryptoX Portal

Analyst Keeps $7.50 XRP Target Despite SEC Appeal Vs. Ripple

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Este artículo también está disponible en español. Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres’s ruling. Following this news, the price of XRP plunged by more than 10%. However, crypto analyst Egrag Crypto (@egragcrypto) maintains that the bullish setup remains unchanged, with a target of $7.50 still in place for this bull run. Why $7.5 Is Still Possible For XRP Price Egrag’s analysis, shared via X, emphasizes resilience in the XRP pricing…

Ripple partners with Mercado Bitcoin to launch payments solution in Brazil

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Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider’s partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct. 3, Mercado Bitcoin will be the first platform to tap into Ripple Payments, a solution that allows businesses to benefit from faster and cheaper cross-border payments.   Mercado Bitcoin users will also benefit from enhanced security, global access, and deeper liquidity. Direct cross-border payments in Reais Brazil is the first country in Latin America that the company behind XRP…