During an interview at the WEF 2020 event in Davos, Garlinghouse said that more crypto companies will plan to go for an IPO in 2020. The Ripple CEO is confident about the company’s position in the evolution of the payments industry.
Despite a growing interest by global organizations and government institutions for the blockchain technology, the industry saw a drop in new funds raised. Ripple managed to steal the show with over $200 million raised in Series C funding.
BitMEX has announced that it will launch the XRP/USD quanto product while the platform’s UP and DOWN contracts will be delisted.
Ripple experienced a massive 80% drop in its total sales of XRP in Q4 2019. The figures in the recent report are the lowest in the past 36 months.
Two new partners, Bottomline Technologies and Tranglo, are currently working on integrating Ripple’s technology for their cross-border payments. The U.S. Treasury might also be supportive.
As BitPay officially launched support for XRP, eGifter and CareUSA were announced among the first merchants to accept XRP as a payment method.
MoneyGram has unveiled its strategic partnership with UAE-based Lulu Exchange in a move that will enable it to gain ground in the Oman and Asian-Pacific markets.
During the first day of WEF 2020 at Davos, the U.S. Treasury Secretary acknowledged the demand for faster cross-border payment solutions and said that the U.S. will support companies like Ripple offering such services.
XRP/USD is now testing the $0.231 level as support. Leaving the zone may lead to the fact that traders may place a short position concerning the $0.176 level.
As Ripple is often accused of the unreasonable monthly distribution of XRP in large numbers, its CTO David Schwartz provided his own vision on the issue and explained why it is necessary.
In recent days, the Swiss Franc (CHF) is surging against the U.S. Dollar. Goldman Sachs believes that it could be being used as a proxy for gold.
Business leaders and politicians from around the world are gearing up to attend another session of the World Economic Forum (WEF), in Davos. Ripple CEO may be one of the guests.
Ripple has highlighted the poor state of the remittance market in the Asia-Pacific region. The company has announced that it will spread there in 2020 beginning with Thailand.
Now Amazon, Burger King, GameStop, DoorDash, Domino’s, and Home Depot will support gift cards purchased on BitPay using XRP.
Crypto startup FinNexus is contemplating to use XRP Ledger to build a tokenized asset platform expected to be rolled in the last quarter of this year.