Japan-based financial services firm SBI Holdings launches a cryptocurrency fund with major domiciliation of 50% in XRP.
Ripple is moving its wheels faster than the prior years in increasing XRP adoption and also onboarding more customers on its ODL services and the Asian market will be one of the priorities for the company in the nearest future.
Bitcoin has successfully managed to flip its popularity among Japanese investors over the last two years and dethroning XRP by a large margin. Bitcoin now leads a 51.36% market share in Japan against XRP with 27.54%.
As part of its expansion of global customer-base, Ripple Labs has added five new clients to its RippleNet Cloud solutions which give banks and financial institutions a possibility to offer payment services using the RippleNet network.
Chris Giancarlo, who as a CFTC chairman decreed that both Bitcoin and Ether were not securities, has argued the same for XRP.
Condé Nast enables monetization for all its websites with XRP-supported platform Coil in a limited test of the service. Meanwhile, Ripple Labs is listed as number 28 on CNBC’s Disruptor 50.
Brad Garlinghouse shared his views on the role of crypto and XRP in particular under the current circumstances during Ripple’s “all-hands” virtual meeting on YouTube.
Brazilian Banco Rendimento has joined RippleNet cloud. Cloud services are supposed to bring a lot of benefits to the financial institution like agility, transparency, and reduced cost.
Ripple lawyers have asked the court to dismiss all allegations by plaintiff Bradley Sostack on the company and CEO Brad Garlinhouse on account of failing to provide enough proof of his accusations.
Ripple CTO David Schwartz has debunked all the talks about the company’s plans to replace XRP with Ripple Stablecoin (XRPSC).
Checks is one of the amendments on the XRP Ledger Protocol that have been around for long but is yet to achieve a majority vote to become functional on the Ripple network.
Ripple had a closed-door meeting with the central bank of Brazil on May 30 to discuss “institutional matters”. According to the financial institution’s website, its president Roberto Campos Neto had a video conference with Ripple CEO Brad Garlinghouse and three other representatives of the crypto firm.
It has become known that two securities lawsuits previously filed against Ripple Labs have been consolidated by the court in California.
Through a series of tweets Ripple CEO, Brad Garlinghouse, urged the U.S. regulators to swiftly step up and lean into digital currencies to keep the dollar market dominance high, citing the Chinese quest to develop its central bank-backed digital currency.
U.S.-Mexico remittances are tilting towards the crypto space. This comes as Ripple indicates that XRP transfers account for about 10% of these cash flows.