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💰 Ripple runs CBDC pilot with Pacific island nation of Palau
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 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
Ripple's XRP, a cryptocurrency used for cross-border money transfers, faced a significant setback when the U.S. Securities and Exchange Commission (SEC) alleged that XRP was a security, not a commodity. Ripple vehemently denied this claim, asserting that XRP should be treated as a commodity. Despite their defense, Ripple suffered losses, losing a major customer and investors. MoneyGram, a prominent U.S. money transfer giant, terminated its partnership with Ripple in March 2021.
As a result, Ripple has shifted its focus to international markets, with the majority of its business now operating outside the United States. The company, employing over 900 people globally, maintains approximately half of its workforce in the U.S.
#dyor #XRP #ripplexrp #news
As a result, Ripple has shifted its focus to international markets, with the majority of its business now operating outside the United States. The company, employing over 900 people globally, maintains approximately half of its workforce in the U.S.
#dyor #XRP #ripplexrp #news
After the major legal triumph in its homeland, Ripple continuing its expansion plans for the U.K. and European markets.
$XRP #ripplexrp
$XRP #ripplexrp
▪️ Stellar, Ripple and Solana-Based Investment Funds See AUM Spike in July 2023 #stellar #ripplexrp #solana #crypto2023
Gary Gensler, the chair of the Securities and Exchange Commission (SEC), has expressed his disappointment at the recent Ripple (XRP).
Recently Ripple scored a partial victory in the long fight with the SEC, but it seems it’s not ended. Who will have the last say? What do you think about it?
$XRP #ripplexrp #SEC #secnews #securitytoken
Recently Ripple scored a partial victory in the long fight with the SEC, but it seems it’s not ended. Who will have the last say? What do you think about it?
$XRP #ripplexrp #SEC #secnews #securitytoken
A new study by payments firm Ripple says that financial institutions could save astronomical amounts of money by switching their systems over to blockchain-based rails.
The study, which was conducted by Ripple in collaboration with US Faster Payments Council, polled 300 leaders working in the payments industry across 45 countries.
The poll reveals that 97% of the respondents believe that blockchain technology and cryptocurrency will have a significant or very significant role in enabling faster payments within the next three years.
#blockchain #bullish #institutions #ripplexrp #cryptoonindia
The study, which was conducted by Ripple in collaboration with US Faster Payments Council, polled 300 leaders working in the payments industry across 45 countries.
The poll reveals that 97% of the respondents believe that blockchain technology and cryptocurrency will have a significant or very significant role in enabling faster payments within the next three years.
#blockchain #bullish #institutions #ripplexrp #cryptoonindia
In the wake of a significant legal victory against the SEC, Ripple, the renowned crypto payments giant, has set its sights on securing coveted spots on the U.K.'s crypto company register.
The firm's European Managing Director, Sendi Young, revealed to DL News that they have recently submitted applications for crypto asset firm registration with the U.K.'s Financial Conduct Authority (FCA), along with a payment institution license in Ireland.
Despite this major legal triumph in its homeland, Ripple remains steadfast in its expansion plans for the U.K. and European markets.
#ripplexrp #cryptolisense #unitedkindom #ireland #cryptoonindia
The firm's European Managing Director, Sendi Young, revealed to DL News that they have recently submitted applications for crypto asset firm registration with the U.K.'s Financial Conduct Authority (FCA), along with a payment institution license in Ireland.
Despite this major legal triumph in its homeland, Ripple remains steadfast in its expansion plans for the U.K. and European markets.
#ripplexrp #cryptolisense #unitedkindom #ireland #cryptoonindia
Ripple v. SEC Case: 3 August 2023 Update
CryptosHeadlines.com - The Leading Crypto Research Network:
Blockchain company Ripple has achieved a significant, albeit partial, victory in its lengthy legal battle against the United States Securities and Exchange Commission (SEC).
However, the company’s challenges are not yet resolved, as the federal judge overseeing the case against Terraform Labs has rejected the previously set precedent.
Ripple CEO Criticizes SEC’s Use of XRP Reports in Lawsuit
District Judge Jed Rakoff of the Southern District of New York (SDNY) has raised doubts about Judge Analisa Torres’ ruling that deemed some XRP sales as non-security offers. Ripple’s CEO, Brad Garlinghouse, has now attacked the SEC’s utilization of XRP reports in the ongoing lawsuit.
Following the release of the XRP Markets Report for the second quarter of 2023, which included details about Ripple’s XRP holdings, Garlinghouse stated that his team had voluntarily published these reports. However, he expressed frustration as the SEC used the same reports against Ripple in the legal proceedings. Garlinghouse voiced his concerns on August 2.
Ripple’s Transparency Questioned in SEC Lawsuit
Legal expert and amicus curiae on the case, John E. Deaton, supported Garlinghouse’s claim, stating that the SEC utilized the transparency of the reports against Ripple and its two executives, Brad Garlinghouse and Chris Larsen.
According to legal expert John E. Deaton, Ripple’s decision to share information through reports, despite not being obligated as a private company, has played a crucial role in their defense against the SEC.
Deaton pointed out that the transparency prevented the SEC from accusing Ripple of fraudulent activities, misrepresentation, or manipulation, which they might have done if Ripple had been less open.
Meanwhile, the XRP token, at the center of the case, was trading at $0.66, marking a 4.35% drop for the day and a 7.38% decline for the week.
However, it had still gained 36.82% in the previous month. Some indicators suggest that a favorable outcome for Ripple in the lawsuit could potentially drive the XRP token’s price towards $10.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #Ripple #ripplexrp $XRP
Blockchain company Ripple has achieved a significant, albeit partial, victory in its lengthy legal battle against the United States Securities and Exchange Commission (SEC).
However, the company’s challenges are not yet resolved, as the federal judge overseeing the case against Terraform Labs has rejected the previously set precedent.
Ripple CEO Criticizes SEC’s Use of XRP Reports in Lawsuit
District Judge Jed Rakoff of the Southern District of New York (SDNY) has raised doubts about Judge Analisa Torres’ ruling that deemed some XRP sales as non-security offers. Ripple’s CEO, Brad Garlinghouse, has now attacked the SEC’s utilization of XRP reports in the ongoing lawsuit.
Following the release of the XRP Markets Report for the second quarter of 2023, which included details about Ripple’s XRP holdings, Garlinghouse stated that his team had voluntarily published these reports. However, he expressed frustration as the SEC used the same reports against Ripple in the legal proceedings. Garlinghouse voiced his concerns on August 2.
Ripple’s Transparency Questioned in SEC Lawsuit
Legal expert and amicus curiae on the case, John E. Deaton, supported Garlinghouse’s claim, stating that the SEC utilized the transparency of the reports against Ripple and its two executives, Brad Garlinghouse and Chris Larsen.
According to legal expert John E. Deaton, Ripple’s decision to share information through reports, despite not being obligated as a private company, has played a crucial role in their defense against the SEC.
Deaton pointed out that the transparency prevented the SEC from accusing Ripple of fraudulent activities, misrepresentation, or manipulation, which they might have done if Ripple had been less open.
Meanwhile, the XRP token, at the center of the case, was trading at $0.66, marking a 4.35% drop for the day and a 7.38% decline for the week.
However, it had still gained 36.82% in the previous month. Some indicators suggest that a favorable outcome for Ripple in the lawsuit could potentially drive the XRP token’s price towards $10.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #Ripple #ripplexrp $XRP
XRP Investors Worried About Plummeting Trading Volume
XRP, the cryptocurrency linked to Ripple, is at a crucial juncture as it enters Q4 following a recent legal win against the SEC. However, the coin’s market sentiment remains uncertain, and its trading volume has significantly declined.
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In a groundbreaking ruling, Judge Analisa Torres declared that XRP is not a security, providing Ripple with a major victory in its legal battle with the SEC. This has boosted the confidence of the XRP community, fostering hopes for a bullish period ahead.
Despite the positive legal outcome, XRP has been susceptible to market fluctuations. Over the past month, its price volatility peaked at $0.8206 and then dropped sharply to $0.6804 within a week. As of the latest data, XRP is trading at $0.7089, reflecting a slight 0.09% decline. Such unpredictability has left investors uneasy and contributed to a significant 44.00% decrease in trading volume, currently standing at $835,645,898.
Future Holds For XRP Investors!
Technical Indicators Raise Uncertainty: XRP’s 50-day moving average (50 SMA) teeters between bullish and bearish territory, posing a critical point for traders. The Relative Strength Index (RSI) at 59 indicates that XRP is approaching overbought levels, potentially signaling a price pullback.
Impact of Recent Palau Stablecoin Transaction: The recent news of a 25 billion Palau stablecoin trust line transaction on XRPL has stirred responses within the XRP community. Investors eagerly await the final judgment that could bring resolution to the SEC lawsuit.
Legal Clarity and Market Trends: With the legal cloud gradually lifting, XRP’s future is closely tied to regulatory clarity, ongoing market trends, and the repercussions of significant transactions. Investors remain cautious, closely monitoring developments at this crucial juncture.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Web3 #Blockchain #XRP #Ripple #ripplexrp $XRP
**List Your Social Profile Links On CryptosHeadlines.com Send us your name and social profile links, and we will add your name along with your profile links to the Supporter Page as a proud supporter of CryptosHeadlines.com. Supporter's Page**
In a groundbreaking ruling, Judge Analisa Torres declared that XRP is not a security, providing Ripple with a major victory in its legal battle with the SEC. This has boosted the confidence of the XRP community, fostering hopes for a bullish period ahead.
Despite the positive legal outcome, XRP has been susceptible to market fluctuations. Over the past month, its price volatility peaked at $0.8206 and then dropped sharply to $0.6804 within a week. As of the latest data, XRP is trading at $0.7089, reflecting a slight 0.09% decline. Such unpredictability has left investors uneasy and contributed to a significant 44.00% decrease in trading volume, currently standing at $835,645,898.
Future Holds For XRP Investors!
Technical Indicators Raise Uncertainty: XRP’s 50-day moving average (50 SMA) teeters between bullish and bearish territory, posing a critical point for traders. The Relative Strength Index (RSI) at 59 indicates that XRP is approaching overbought levels, potentially signaling a price pullback.
Impact of Recent Palau Stablecoin Transaction: The recent news of a 25 billion Palau stablecoin trust line transaction on XRPL has stirred responses within the XRP community. Investors eagerly await the final judgment that could bring resolution to the SEC lawsuit.
Legal Clarity and Market Trends: With the legal cloud gradually lifting, XRP’s future is closely tied to regulatory clarity, ongoing market trends, and the repercussions of significant transactions. Investors remain cautious, closely monitoring developments at this crucial juncture.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Web3 #Blockchain #XRP #Ripple #ripplexrp $XRP
✖️ Ripple shill own platform for cbdc and stablecoins
What is your max for $XRP in next bull run? #XRP #ripplexrp
What is your max for $XRP in next bull run? #XRP #ripplexrp
Ducati unveiled its first-ever NFT launch in partnership with XRP Ledger (XRPL).
Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day.
The first release is essentially a gift to Ducati fans as it pivots into the Web3 world and is scheduled to be launched on Wednesday, 26 July. Users are required to sign up within seven days of the release date.
#ducati #ripplexrp #partnership #crypto2023 #cryptoonindia
Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day.
The first release is essentially a gift to Ducati fans as it pivots into the Web3 world and is scheduled to be launched on Wednesday, 26 July. Users are required to sign up within seven days of the release date.
#ducati #ripplexrp #partnership #crypto2023 #cryptoonindia
▪️Ripple has partnered with numerous financial institutions and payment providers around the world, aiming to enhance the speed and cost-effectiveness of cross-border payments. By utilizing XRP as a settlement asset, these institutions can facilitate real-time money transfers and reduce the reliance on traditional correspondent banking systems. #ripplexrp #XRP #xrp #crypto2023
Ripple gives two cents on SEC ruling, locks new set of XRP
Ripple’s official response to the partial win against the SEC called the regulatory’s authority’s lawsuit nothing but a propaganda. Days after the win, XRP didn’t seem in the best of spirits.
The blockchain firm, Ripple, pointed out that both the judgment protects institutions and retailers.
Ripple sent 800 million XRP to its escrow wallet.
Ripple [XRP] finally gave an in-depth response to the partial win it had against the U.S. SEC on 13 July. Although the firm expressed its gladness shortly after the ruling, its latest Q2 market report provides a lot of clarity on certain misconceptions about the case. #dyor #ripplexrp
Ripple’s official response to the partial win against the SEC called the regulatory’s authority’s lawsuit nothing but a propaganda. Days after the win, XRP didn’t seem in the best of spirits.
The blockchain firm, Ripple, pointed out that both the judgment protects institutions and retailers.
Ripple sent 800 million XRP to its escrow wallet.
Ripple [XRP] finally gave an in-depth response to the partial win it had against the U.S. SEC on 13 July. Although the firm expressed its gladness shortly after the ruling, its latest Q2 market report provides a lot of clarity on certain misconceptions about the case. #dyor #ripplexrp
🔈🚨 Breaking: ⚖️ #Ripple CEO Garlinghouse And Deaton Condemn US SEC For Using XRP Report In Suit! 👀🤯
Ripple CEO Brad Garlinghouse And lawyer John Deaton condemn US SEC for using XRP Market Report in the lawsuit against Ripple.
#ripplexrp #Binance
Ripple CEO Brad Garlinghouse And lawyer John Deaton condemn US SEC for using XRP Market Report in the lawsuit against Ripple.
#ripplexrp #Binance