In a statement on Friday, a spokesperson for UK FCA said that WCS has been suspended from all regulated financial activities.
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.
There are indications surrounding the exigent move by PayPal to go bullish on cryptocurrency-related services as it has announced vacancies for cryptocurrency engineers.
As per the latest development, PayPal is likely to offer crypto trading services through its Venmo subsidiary. This will give PayPal’s 300 million-plus customers a direct exposure to crypto assets.
As technology advances, businesses that are aligned with tech innovations are reaping massively. Checkout.com, a London-based payment software service provider, has secured $150 million from its Series B funding boosting its valuation.
A coalition of 40 blockchain-based companies including Ripple, Brave and Huobi joined forces to develop and expand PayID, an email-style money transfer system that will redefine the future of borderless and secure money transfer.
Upgrade has seen a major rise in its customer-base availing its personal loan and credit card services. The neobank specializes in offering lower rate credit to its customers with preset repayment periods.
Starting from July 27, the clients of Revolut will have legal control of their cryptocurrencies.
Brazil is the first country where WhatsApp digital payments are starting to be introduced.
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.
Following a strategic post COVID-19 initiative by officials of the New York Department of Financial Services and France’s Autorité de Contrôle Prudentiel et de Résolution, the two regions signed a Memorandum of Understanding,
Since COVID-19 first broke out, Revolut has reportedly asked over 50 Poland and Portugal-based workers to quit. Meanwhile, the company revealed a new version of its app that is aimed at enhancing user experience.
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.
Currently, Western Union and MoneyGram are in talks on the buy offer, but no decision has been made yet. Following the rumors, both Western Union and MoneyGram stocks have soared. WU stock is over 8% up while MGI has managed to gain over 38% in the pre-market.
It has become known that two securities lawsuits previously filed against Ripple Labs have been consolidated by the court in California.