#Ripple is hiring a Senior Policy Director in the US to lead government relations and strategic counsel on regulatory matters.

Read more on: https://thecryptobasic.com/2023/08/04/ripple-aims-for-growth-in-us-market-searches-for-senior-policy-director/

#XRP #RippleNews #crypto #crypto2023

#BinanceUS has added a new Convert pair for #XRP, essentially expanding its support for the asset shortly after relisting in the wake of the SEC lawsuit victory.

#RippleNews #crypto #crypto2023

El Salvador has approved #SpendTheBits’ application to operate as a #Bitcoin Service provider in the country.   

Read more on: https://thecryptobasic.com/2023/08/05/xrp-ledger-powered-company-obtains-bitcoin-service-provider-license-in-el-salvador/

#RippleNews #XRP #crypto

Hong Kong-based Fubon Bank has revealed plans to launch the pilot real estate tokenization program on #Ripple’s #CBDC platform in Q3 2023.

Read more on: https://thecryptobasic.com/2023/07/29/fubon-bank-to-use-ripple-platform-for-testing-digital-hong-kong-dollars/

#RippleNews #crypto #crypto2023

XRP (Ripple) is not just another crypto coin; this is an entity that brings various innovations and significant changes in the digital financial ecosystem. Let's examine some of the aspects that make XRP different and more than just a regular crypto coin.1. Focus on Traditional Banking and Finance: XRP was designed with a strong focus on improving the efficiency of traditional banking and finance systems. Compared to other cryptocurrencies that may emphasize anonymity or complete decentralization, XRP aims to integrate with global financial institutions.2. RippleNet Technology: RippleNet, the platform that supports XRP, is a global network that connects various financial institutions. This allows them to make cross-border payments quickly and at low cost using XRP as a bridge.3. High Scalability: One of the advantages of XRP is its ability to handle high transaction volumes quickly. This provides advantages in terms of scalability, making it an attractive option for financial institutions that require instant transaction settlement.4. Strategic Partnerships: Ripple has established strategic partnerships with major financial institutions around the world. This creates legitimacy and builds the way for XRP adoption on a larger scale.5. Focus On Cross-Border Payments: XRP offers a solution to slow and expensive cross-border payments by leveraging blockchain technology. Its practical approach to this issue makes it relevant in the context of globalization of business and trade.6. Regulation and Compliance: In an effort to work alongside regulations, Ripple has understood the importance of compliance and worked to build a solution that meets industry standards and applicable laws. Conclusion:XRP is not just a crypto coin; it is the embodiment of how blockchain technology can touch and change the way the global financial system operates. With a focus on real solutions and collaboration with key stakeholders, XRP plays a distinct role in the cryptocurrency evolution journey.

Renowned crypto analyst Ali Martinez highlights an intriguing correlation between the surge in XRP's price and the number of active XRP addresses. Recent on-chain data from Santiment suggests that this pattern could potentially lead to a price rally for XRP. While caution is advised and relying solely on this data is not recommended, historical trends have shown a rise in XRP's price by over 25% when on-chain activity exceeds certain thresholds. If this trend were to apply to the present scenario, it could indicate a potential rise to $0.6 per XRP, coinciding with a strong resistance level. However, the crypto market's unpredictability and various factors at play must be considered. The correlation between network activity and price movements offers an intriguing perspective on market dynamics. Check out the full article for more insights. #XRP #RippleNews #XRPPricePrediction

#Ripple CEO laments SEC’s use of Ripple transparency report against the firm; pro-#XRP lawyer supports transparency efforts.

Read more on: https://thecryptobasic.com/2023/08/02/ripple-ceo-says-our-commitment-to-transparency-in-xrp-reporting-remains-strong/

#RippleNews #crypto #crypto2023

Ripple partnered with the Republic of Palau on a U.S. dollar-backed stablecoin pilot.

The stablecoin will be minted on the XRP Ledger and will be distributed first to Palau government employees. "Partnering with Ripple to help create our national digital currency is part of our commitment to lead in financial innovation and technologies, which will provide the citizens of Palau with greater financial access," Palau President Surangel Whipps Jr said, according to a press release. Palau's pilot project involves an initial distribution of the U.S. Dollar-backed Palau Stablecoin (PSC) to government employees.

The PSC has been nicknamed 'Kluk' and will be deployed on the XRP Ledger (XRPL), using Ripple's Central Bank Digital Currency (CBDC) Platform.  "The Republic of Palau Stablecoin (PSC) aka 'Kluk' is a prototype digitization of the US Dollar under development in partnership with Ripple, using the XRPL blockchain. If successful, the PSC limited and controlled pilot could revolutionize the way goods and services are paid for in Palau," Palau ministry of finance Jay Hunter Anson said on Tuesday.

Ripple Labs and the Republic of Palau are scheduled to issue a joint press release about the pilot on Thursday, 9:00 a.m. Palau Time (PWT).

#ripplexrp #XRP #cbdcs #RippleNews

The feud between Ripple Labs, the company behind XRP, and the United States Securities and Exchange Commission (SEC) has created a wave of controversy in the crypto world. Here are the details regarding this feud: 1. Background: - Ripple Labs was charged by the SEC in [year] for allegedly selling illegal securities in the form of XRP tokens. - XRP is the third largest cryptocurrency by market capitalization, so this legal action has a major impact on the crypto market.2. SEC Claims: - The SEC stated that Ripple's offering of XRP should be considered an offering of securities and that Ripple did not register the sale. - This claim creates legal uncertainty surrounding the status of XRP.3. Ripple Response: - Ripple denied the allegations and claimed that XRP is not a security. - Their arguments focus on the fact that XRP operates separately from the company and is not an investment in the success of Ripple Labs.4. Impact on Prices and Markets: - The SEC announcement caused a sharp drop in the price of XRP, and leading crypto exchanges, including some large ones, stopped trading XRP. - The crypto community speculates about the long-term impact if the SEC succeeds in proving that XRP is a security.5. Legal Proceedings and Future Prospects: - Legal proceedings are still ongoing, and many parties are watching developments to determine the future direction of XRP. - The final decision could have major implications for the way crypto is regulated in the United States and around the world. It is important to remember that this situation is continually evolving, and further updates could impact the dynamics of this feud.

Prominent blockchain company #Ripple has addressed six misconceptions about Judge Torres’ #XRP ruling in the #SEC lawsuit.

Read more on: https://thecryptobasic.com/2023/08/02/ripple-addresses-6-misconceptions-about-xrp-ruling-in-q2-report/

#RippleNews #RippleSEC

#Ripple joins industry giants BlackRock and JPMorgan at the trade association #ISDA, signaling a strategic move into derivatives and blockchain integration in TradFi.

Read more on: https://thecryptobasic.com/2023/08/05/ripple-joins-blackrock-and-jpmorgan-as-member-of-leading-trade-association-isda/

#RippleNews #XRP #cryptonews

The Chamber of Digital Commerce has released an impact and analysis report on the SEC v. #Ripple ruling, highlighting the decision’s relevance to the industry.

Read more on: https://thecryptobasic.com/2023/08/03/chamber-of-digital-commerce-highlights-impact-of-ripple-ruling-for-crypto/

#XRP #RippleNews #cryptonews #crypto2023

#Ripple CEO laments SEC’s use of Ripple transparency report against the firm; pro-#XRP lawyer supports transparency efforts.

Read more on: https://thecryptobasic.com/2023/08/02/ripple-ceo-says-our-commitment-to-transparency-in-xrp-reporting-remains-strong/

#crypto #crypto2023 #RippleNews