RippleNet supports currencies that were previously inaccessible to the remittance firm. So called “smaller currencies,” including the Malaysian ringgit or Bangladeshi taka, formerly required Xendpay to form local banking partnerships.
Fed announced creating a system that would allow consumers and businesses to send and receive money instantaneously allowing any U.S. bank to immediately complete debits, virtual transfers and checks.
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Amidst the current increase in the involvement of institutional corporations with cryptocurrency, Ripple reportedly sold out an excess of $250 million in XRP with about 40% of these sales been in favor of the institutional investors.
After a long time waiting, Coinbase finally decided to add support for XRP on Coinbase Pro. This decision tackled the euphoria of many, sparking an increase in trading volume and of course a peak in the price of the Ripple’s token.
XRPL Labs, the creation of Wietse Wind, the avid XRP developer, will gain an undisclosed amount of investments from Ripple to develop applications for the XRP ledger.
One of the world’s leading payments providers, Western Union says that it is working on cryptocurrency gateways and other related corridors trialing Ripple techs.
Ripple says that the lawsuit also involves plaintiffs from international geographical locations like Israel and hence it should be dealt with in the federal court.
American tech-company Ripple reported more than a double increase in revenue collected from XPR tokens sales, thus shattering the crypto-community to their ground.
Cryptocurrencies are continuing their way to mass adoption. Now it can take only a few seconds to convert XRP to cash with the help of ATMs.