Tag: Ripple

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

boss

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

boss

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…

Ripple gains 6%, crypto lawyer predicts legal triumph

Crypto attorney John Deaton has offered insights into the ongoing Securities and Exchange Commission (SEC) vs. Ripple lawsuit, suggesting a favorable outcome for the latter. Deaton has predicted a “99.9% legal victory” for Ripple in its ongoing case versus the SEC. Deaton’s comments were prompted by a post from Ripple Chief Legal Officer Stuart Alderoty, indicating a strong belief that the outcome of the lawsuit weighs heavily in Ripple’s favor. The people who’ve argued that the SEC got a 50-50 victory in the @Ripple case are 💯 wrong. It was…

Crypto lawyer says $20M settlement is 99.9% win for Ripple

boss

Prominent cryptocurrency attorney John E. Deaton has offered insights into the Ripple Labs XRP lawsuit against the Securities and Exchange Commission (SEC). He contends that a settlement valued at $20 million or less would constitute a significant legal triumph for the company. In a recent X social media post, Deaton strongly refuted the idea that the lawsuit’s result was an even 50-50 outcome for the SEC, asserting that it leaned closer to a 90-10 advantage in favor of Ripple. Deaton’s remarks were prompted by a post from Stuart Alderoty, Ripple’s…

XRP Unlikely to Suffer from Ripple IPO, Says Crypto Expert

boss

Amid multiple speculations on the effects of Ripple potentially launching an initial public offering (IPO), popular crypto author Panos Mekras has come out to dispel concerns about this development, yielding a negative effect on the XRP token. Ripple IPO Will Lead To More Exposure For XRP, Mekras Says On Friday, November 3, crypto analyst and trader Mason Versluis shared a screenshot on X in which a crypto enthusiast argued that a Ripple IPO would result in the “death of XRP.” Although the enthusiast did admit that XRP may initially experience…

Ripple Achieves Regulatory Approval To Offer XRP Services

boss

Ripple grabs yet another achievement with its recent legal and regulatory approval which will basically grant crypto-related firms within the Dubai International Financial Center (DIFC) the right to offer XRP services. Latest Approval Sparks Broader XRP Adoption According to a recent announcement, XRP was recently approved under the digital asset regime of the Dubai independent financial services regulatory body within the DIFC, Dubai Financial Services Authority (DFSA). This achievement appears to be more significant than it seems. This is due to the position held by the DIFC as the top…

Legal Expert Explains Why Ripple Will Always Back XRP

A pro-XRP lawyer known for advocating for the cryptocurrency has outlined reasons why he believes Ripple would not abandon the XRP token.  Lawyer Proclaims That Ripple Is Committed To XRP Pro-XRP lawyer and Managing Partner of the Deaton Firm, John E. Deaton has taken to X (formerly Twitter) to assuage concerns raised about Ripple’s commitment and plans for the XRP token.  Following the recent announcement of XRP’s expansion into Dubai after gaining approval from the Dubai Financial Services Authority (DFSA), Deaton boldly stated in his post that Ripple was not…