Tag: Ripple

Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price

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Ripple Labs has announced plans to integrate Automated Market Makers (AMMs) into the XRP ledger. The decision has left the XRP community feeling uneasy, as they ponder the potential long-term effects of AMMs on the XRP price.  AMMs To Be Integrated Into XRP Ledger Ripple, a global payments network provider has stated its intentions to incorporate AMMs into the XRP Ledger to help improve liquidity. The introduction of AMMs into the XRP Ledger is expected to further develop the Ripple ecosystem by providing enhanced trading efficiency and liquidity. The initiative…

Ripple exec reiterates need for tech-neutral crypto regulations

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A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules. At the recent Ripple Swell 2023 event, Navin Gupta, managing director of South Asia, Middle East and North Africa at Ripple, told Cointelegraph that the industry should be regulated based on activity rather than the technology used. He said: “We don’t want people to think about regulating the technology… We want regulators, or anybody for that matter, to be technology-neutral. It doesn’t matter if the…

Ripple CEO Criticizes SEC for Losing Focus on Investor Protection

Garlinghouse emphasized the need for the SEC to reassess its regulatory approach, moving away from a pattern of enforcement through lawsuits. During the just-concluded Ripple’s Swell conference in Dubai, the company’s CEO Brad Garlinghouse shared his views regarding the United States Securities and Exchange Commission’s (SEC) role in protecting consumers against bad actors. In an interview with CNBC’s Dan Murphy, Garlinghouse stated that, in his opinion, the SEC has strayed from its commitment to investor protection, questioning the agency’s priorities in the process. “I think the SEC, in my opinion,…

Ripple faces slim odds of $770M disgorgement

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Attorney John Deaton, representing XRP holders, has made a persuasive case in the Ripple vs. SEC legal saga, suggesting that the anticipated $770 million disgorgement for Ripple is improbable. He grounds his prediction on various influential factors that could sway the court’s judgment. Deaton underscores the significance of the Supreme Court’s Morrison ruling, which effectively limits the SEC’s jurisdiction to sales within the United States. This gains relevance as Ripple’s XRP sales in the United Kingdom, Japan, Switzerland, and other areas face scrutiny. Additionally, the legal standing of XRP in…

RocketFuel and Ripple Join Forces to Revolutionize Cross-border Settlements

Some of the products that would utilize Ripple Payments are RocketFuel Pay-In Commerce, RocketFuel Mass Pay-Out and RocketFuel Cross border B2B. Cryptocurrency payment company Ripple Labs has bagged a strategic partnership with RocketFuel, a global crypto payment solutions provider. Ripple and RocketFuel: The Benefits Based on the terms of their agreement, RocketFuel, recognized for its comprehensive range of payment solutions including ACH bank transfers, Bitcoin (BTC), and other cryptocurrencies, will adopt the fintech firm’s new blockchain-based payment corridor dubbed Ripple Payments into its already existing suite of payment products. The…

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…