Tag: Ripple

Axelar price surges amid new Ripple partnership

Ripple’s XRP Ledger has announced a new collaboration effort with Axelar, a programmable blockchain interoperability platform. AXL price surged on Wednesday as Ripple will use Axelar as the exclusive bridge for its XRPL EVM sidechain. Per data from CoinMarketCap, AXL shot up from below key resistance at $0.76 as Bitcoin and the rest of the altcoin market reacted to US CPI data. The token’s price reached highs of $0.81 and was up 6% at the time of writing. The XRPL EVM sidechain Ripple developers announced Axelar’s partnership for the Ethereum…

Ripple Teams Up With Clear Junction for GBP and EUR Payouts

Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple Payments provides faster, cheaper cross-border payment infrastructure, serving customers in over 55 countries. Clear Junction, established in 2016, offers multi-currency payment […] Source CryptoX Portal

Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year

Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after losing court battles. XRP ETFs Likely Approved Next Year, Ripple’s CEO Says Ripple CEO Brad […] Source CryptoX Portal

XRP Price Set For Colossal 63,000% Breakout As Ripple Secures Crucial Partnership In Europe

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In a market witnessing a strong bullish momentum with several cryptos reaching new all-time highs and experiencing price recoveries, the XRP price has remained in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430.  However, recent positive developments and announcements surrounding Ripple, the blockchain payment company associated with XRP, coupled with an intriguing bullish pattern, have sparked speculation of a potential massive uptrend for the XRP price. Ripple Expands With Clear Junction Partnership Ripple recently revealed…

Ripple president: Stablecoin likely this year

Ripple president Monica Long said the XRP issuer is likely to enter the $161 billion stablecoin market before the end of the year.  The stablecoin market is growing in leaps and bounds as experts predict a multi-trillion ecosystem for U.S. dollar-pegged tokens in the next three to five years, Ripple’s Long stated in an interview with CNBC at Money 20/20 in Amsterdam.  According to Ripple’s president, the stablecoin market is primarily driven by demand for access to U.S. dollars and an efficient global fiat-denominated payment system powered by blockchain technology. …

Ripple CEO Says XRP, Solana, Cardano ETFs Are ‘Inevitable’

Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the Consensus 2024 event, he stated: “I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ripple (XRP) Transforms Cross-Border Payments with Blockchain Technology

Ripple is making significant strides in revolutionizing cross-border payments by leveraging the power of blockchain technology and its native digital asset, XRP. According to Ripple Blog, trillions of dollars are sent across borders annually, but traditional mechanisms remain slow, expensive, and prone to errors. Ripple aims to address these inefficiencies by creating a seamless, cost-effective, and reliable payment solution. How Ripple Payments Work Traditional cross-border payment systems rely heavily on a shrinking network of correspondent banks, resulting in slow settlement times, lack of transparency, and…

Ripple Report: Crypto and CBDCs Transforming Global Payments

Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability, […] Source CryptoX Portal