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Ripple XRP | SWIFT Announced EVERYTHING! đšPay Attentionđš
Ripple ($XRP ) and SWIFT: Major Developments You Should Know
Ripple's native cryptocurrency, **$XRP **, is back in the spotlight following a significant announcement from SWIFT, the global financial messaging network. SWIFT has revealed plans to upgrade its payment systems, focusing on speeding up transactions and improving overall efficiency. These enhancements align closely with Rippleâs goal of revolutionizing cross-border payments, potentially positioning blockchain technology as a key player in the future of traditional finance.
This development is particularly noteworthy, as it highlights the growing competition between traditional payment systems like SWIFT and blockchain-based solutions such as RippleNet. Rippleâs blockchain technology offers real-time, low-cost transactionsâadvantages that could pressure SWIFT to accelerate its transformation or even consider adopting blockchain in the future.
With SWIFTâs announcement, the conversation has shifted to how Ripple's solutions could play a larger role in reshaping the financial landscape. Experts believe that this increasing competition might boost $XRP 'S value in the long run as more institutions begin to appreciate the advantages of decentralized technology for international transactions.
While this news may cause volatility for $XRP in the short term, it could also open doors for significant adoption and growth as traditional financial systems evolve.
Stay updated, and letâs dive deeper into how this could impact the future of Ripple and blockchain in finance.
$XRP
#Ripple #XRP #SWIFTUpdate #BlockchainRevolution" #CryptoAnalysis
Ripple's native cryptocurrency, **$XRP **, is back in the spotlight following a significant announcement from SWIFT, the global financial messaging network. SWIFT has revealed plans to upgrade its payment systems, focusing on speeding up transactions and improving overall efficiency. These enhancements align closely with Rippleâs goal of revolutionizing cross-border payments, potentially positioning blockchain technology as a key player in the future of traditional finance.
This development is particularly noteworthy, as it highlights the growing competition between traditional payment systems like SWIFT and blockchain-based solutions such as RippleNet. Rippleâs blockchain technology offers real-time, low-cost transactionsâadvantages that could pressure SWIFT to accelerate its transformation or even consider adopting blockchain in the future.
With SWIFTâs announcement, the conversation has shifted to how Ripple's solutions could play a larger role in reshaping the financial landscape. Experts believe that this increasing competition might boost $XRP 'S value in the long run as more institutions begin to appreciate the advantages of decentralized technology for international transactions.
While this news may cause volatility for $XRP in the short term, it could also open doors for significant adoption and growth as traditional financial systems evolve.
Stay updated, and letâs dive deeper into how this could impact the future of Ripple and blockchain in finance.
$XRP
#Ripple #XRP #SWIFTUpdate #BlockchainRevolution" #CryptoAnalysis
âïž $XRP Lawsuit: Why #Ripple CEO Brad Garlinghouse & Chris Larsen Named In #SEC Appealâ
The US SEC has included Ripple executives Brad Garlinghouse and Chris Larsen in the latest official appeal in the #XRPlawsuit , raising eyebrows in the crypto market. This development comes after the original trial, where the agency failed to prove its claims against the two executives. Besides, it also comes just after US SEC has filed a notice of appeal recently.
The US SEC has included Ripple executives Brad Garlinghouse and Chris Larsen in the latest official appeal in the #XRPlawsuit , raising eyebrows in the crypto market. This development comes after the original trial, where the agency failed to prove its claims against the two executives. Besides, it also comes just after US SEC has filed a notice of appeal recently.
Breaking News: XRP Holders Rally Against SEC - The Impact on the Lawsuit and XRPâs Future
With over 5,000 $XRP holders signing a petition to protest against the SECâs actions, the Ripple vs. SEC legal battle is facing increased public pressure. The petition highlights growing frustrations, as many investors feel the SECâs lawsuit has unjustly devalued $XRP and harmed retail investors by limiting the tokenâs availability on exchanges. This show of support could influence how the legal proceedings unfold, potentially leading to quicker resolutions that favor Ripple.
Impact on the Lawsuit:
The rising public outcry may prompt regulators or the court to reassess their stance. Ripple has already secured some key legal wins, such as the ruling that XRP is not a security in programmatic sales. The petition adds further momentum to Rippleâs case by signaling that retail investors are feeling the brunt of the SECâs actions. While the SECâs appeals continue, public pressure could encourage a more favorable outcome for Ripple and XRP holdersâ.
$XRP Price Outlook:
The price of XRP has been volatile due to the ongoing lawsuit. Should Ripple emerge victorious, there is potential for a price surge, especially if XRP regains its listings on major exchanges. Currently, XRP is struggling to break past resistance at $0.54, but a legal win could pave the way for a more bullish run. However, with the appeals process still ongoing, the market remains cautious, and any adverse ruling could put downward pressure on the price.
Looking Forward:
The future of XRP largely depends on the resolution of the Ripple lawsuit and broader regulatory clarity. If Ripple continues to win legal battles and XRP sees wider adoption in cross-border payments, its long-term potential remains strong. However, as with all investments, the outcome is uncertain, and investors are encouraged to Do Your Own Research (DYOR) before making any decisions.
With the crypto space constantly evolving, it's crucial to stay informed and cautious while navigating market changes.
#SEC #Ripple #Xrpđ„đ„
Impact on the Lawsuit:
The rising public outcry may prompt regulators or the court to reassess their stance. Ripple has already secured some key legal wins, such as the ruling that XRP is not a security in programmatic sales. The petition adds further momentum to Rippleâs case by signaling that retail investors are feeling the brunt of the SECâs actions. While the SECâs appeals continue, public pressure could encourage a more favorable outcome for Ripple and XRP holdersâ.
$XRP Price Outlook:
The price of XRP has been volatile due to the ongoing lawsuit. Should Ripple emerge victorious, there is potential for a price surge, especially if XRP regains its listings on major exchanges. Currently, XRP is struggling to break past resistance at $0.54, but a legal win could pave the way for a more bullish run. However, with the appeals process still ongoing, the market remains cautious, and any adverse ruling could put downward pressure on the price.
Looking Forward:
The future of XRP largely depends on the resolution of the Ripple lawsuit and broader regulatory clarity. If Ripple continues to win legal battles and XRP sees wider adoption in cross-border payments, its long-term potential remains strong. However, as with all investments, the outcome is uncertain, and investors are encouraged to Do Your Own Research (DYOR) before making any decisions.
With the crypto space constantly evolving, it's crucial to stay informed and cautious while navigating market changes.
#SEC #Ripple #Xrpđ„đ„
SECâs Battle Against Ripple: A Crucial Moment for $XRP Holders âïž
SECâs Battle Against Ripple: A Crucial Moment for $XRP Holders âïž
As the legal showdown between the SEC and Ripple continues to unfold, attorney Fred Rispoli has shared some key insights that could determine the future of $XRP. Appearing on the "Thinking Crypto" podcast, Rispoli revealed what could make or break the SECâs chances of winning the case. According to him, the outcome may depend largely on the panel of judges that gets assigned to handle the appeal. đ
He emphasized, âIf the panel has a track record of siding with the government, the SEC's odds could skyrocketâpossibly giving them a 70-80% chance of winning." This puts Ripple and $XRP holders on edge, as the panelâs composition might tilt the scales in favor of the SEC. đš
However, Rispoli believes Ripple has the tools to fight back. Despite the risks on both sides, Ripple's chances could improve in certain areas of the case, particularly in programmatic sales, which he sees as the most dangerous aspect for $XRP holders. This part of the appeal will likely be the SECâs key target, and if they succeed, it could spell trouble not only for Ripple but also for other major players like Coinbase and Kraken. đ„
Rispoli also anticipates that the SEC will push for higher penalties in the final judgment, making it even more crucial for Ripple to maintain the confidence of its institutional investors throughout the appeal process. With so much at stake, this battle could define the future of $XRP and the wider crypto market. đ
#Ripple #XRP #CryptoLaw #SECvsRippleAppeal #BinanceLaunchpoolView
L
As the legal showdown between the SEC and Ripple continues to unfold, attorney Fred Rispoli has shared some key insights that could determine the future of $XRP. Appearing on the "Thinking Crypto" podcast, Rispoli revealed what could make or break the SECâs chances of winning the case. According to him, the outcome may depend largely on the panel of judges that gets assigned to handle the appeal. đ
He emphasized, âIf the panel has a track record of siding with the government, the SEC's odds could skyrocketâpossibly giving them a 70-80% chance of winning." This puts Ripple and $XRP holders on edge, as the panelâs composition might tilt the scales in favor of the SEC. đš
However, Rispoli believes Ripple has the tools to fight back. Despite the risks on both sides, Ripple's chances could improve in certain areas of the case, particularly in programmatic sales, which he sees as the most dangerous aspect for $XRP holders. This part of the appeal will likely be the SECâs key target, and if they succeed, it could spell trouble not only for Ripple but also for other major players like Coinbase and Kraken. đ„
Rispoli also anticipates that the SEC will push for higher penalties in the final judgment, making it even more crucial for Ripple to maintain the confidence of its institutional investors throughout the appeal process. With so much at stake, this battle could define the future of $XRP and the wider crypto market. đ
#Ripple #XRP #CryptoLaw #SECvsRippleAppeal #BinanceLaunchpoolView
L
"Ripple's Crucial Deadline for Counter Appeal Revealed as SEC Lags on Form C Submission!"
Ripple has 14 days from October 3 to file a counter-appeal following the US Securities and Exchange Commissionâs (SEC) decision to appeal the case.
Read more on: https://thecryptobasic.com/2024/10/04/heres-the-deadline-for-ripple-to-file-a-counter-appeal-as-sec-yet-to-file-form-c-detailing-appeal/
#Ripple #Crypto #CryptoNewsâ #CryptoNewssCommunity #CryptoNewsUSA
Read more on: https://thecryptobasic.com/2024/10/04/heres-the-deadline-for-ripple-to-file-a-counter-appeal-as-sec-yet-to-file-form-c-detailing-appeal/
#Ripple #Crypto #CryptoNewsâ #CryptoNewssCommunity #CryptoNewsUSA
It's totally OK if you think I'm crazy but the 589 in $XRP is not just a figment of my imagination. It is the logical goal of an A,B,C,D movement.
#XRPHolders #XRPcommunity #XRPLedger #Ripple #RLUSD
#XRPHolders #XRPcommunity #XRPLedger #Ripple #RLUSD
đŁ An Unknown Detail Emerges in the XRP-SEC Case: SEC Still Hasnât Done Whatâs Expected, What Does It Intend?
Fox Business crypto journalist Eleanor Terrett has revealed that the U.S. Securities and Exchange Commission (SEC) has yet to file Form C with the Second Circuit Court of Appeals, a crucial step in specifying which aspects of the Ripple case it plans to appeal.
đž This form is needed for Ripple to respond and time is of the essence.
âThe SEC has not yet filed Form C with the Second Circuit, which would detail exactly what they are objecting to. They need to do that soon so Ripple can respond,â Terrett reported.
Ripple has 14 days from today to file a cross-appeal. The SECâs notice of appeal lists August 7 as the date the case reaches a âfinal decision,â but the regulator has not yet indicated whether it will appeal the ruling on programmatic sales from July 2023, the amount Ripple was ordered to pay for institutional sales on August 7, or both.
Ripple Chief Legal Officer Stuart Alderoty said the company is considering its own cross-appeal, potentially challenging Judge Torresâ ruling on the institutional sales or the $125 million penalty. If Ripple moves forward, both the SECâs appeal and Rippleâs cross-appeal will be heard as a single case by the Second Circuit Court of Appeals.
#XRP #SEC #Ripple
Fox Business crypto journalist Eleanor Terrett has revealed that the U.S. Securities and Exchange Commission (SEC) has yet to file Form C with the Second Circuit Court of Appeals, a crucial step in specifying which aspects of the Ripple case it plans to appeal.
đž This form is needed for Ripple to respond and time is of the essence.
âThe SEC has not yet filed Form C with the Second Circuit, which would detail exactly what they are objecting to. They need to do that soon so Ripple can respond,â Terrett reported.
Ripple has 14 days from today to file a cross-appeal. The SECâs notice of appeal lists August 7 as the date the case reaches a âfinal decision,â but the regulator has not yet indicated whether it will appeal the ruling on programmatic sales from July 2023, the amount Ripple was ordered to pay for institutional sales on August 7, or both.
Ripple Chief Legal Officer Stuart Alderoty said the company is considering its own cross-appeal, potentially challenging Judge Torresâ ruling on the institutional sales or the $125 million penalty. If Ripple moves forward, both the SECâs appeal and Rippleâs cross-appeal will be heard as a single case by the Second Circuit Court of Appeals.
#XRP #SEC #Ripple
đ„ Big Week for #Ripple ! đ„
Despite the SEC's appeal, $XRP is holding strong, with bullish traders eyeing a rebound! đ
đ Ripple's expansion into Brazil through Mercado Bitcoin is adding serious momentum to the mix! đ§đ·đ„
Key resistance at $0.60âcould we see a breakout soon? đđ„
#Crypto #XRP #Ripple #Brazil #Blockchain #CryptoNews
Despite the SEC's appeal, $XRP is holding strong, with bullish traders eyeing a rebound! đ
đ Ripple's expansion into Brazil through Mercado Bitcoin is adding serious momentum to the mix! đ§đ·đ„
Key resistance at $0.60âcould we see a breakout soon? đđ„
#Crypto #XRP #Ripple #Brazil #Blockchain #CryptoNews
See original
About XRP: don't be naive enough to think that there are banks filling their carts with #Ripple at risk because of the SEC's "unexpected" appeal. Everything is perfectly planned.
It's obvious that the SEC would appeal so as not to be seen as incompetent.
Rich people don't buy expensive. The price is being brought down so that someone big can get in.
Take note.
The train has already left the station.
#HODLXRP
$XRP
It's obvious that the SEC would appeal so as not to be seen as incompetent.
Rich people don't buy expensive. The price is being brought down so that someone big can get in.
Take note.
The train has already left the station.
#HODLXRP
$XRP
Crypto Analyst Keeps XRP at $7.50 Despite SEC Appeal
Yesterday, Wednesday, the SEC filed a Notice of Appeal about Judge Torres's order, extending the XRP litigation against Ripple.
Why XRP Could Reach $7.5
Despite external constraints, Egrag's study, released via X, stresses XRP price resiliency. I know the SEC appeal seems like the end of the world, but guess what? The chart predicted a retest! My post yesterday was spot-on. I responded, "I know you're tired of hearing âretest, retest,â but LISTEN UP: the range of $0.5428 â $0.5375 is STILL in play!"
With his chart analysis, Egrag reassures investors that legal noise should not affect fundamental trading tactics. The analyst describes two key trend lines: the âAtlas Lineâ and the âGenuine Wake-Up Line.â
Both trendlines have dominated XRP for over four years. The optimistic prognosis remains as long as the price does not dip below the âAtlas Lineâ support level. To turn bullish, break the âGenuine Wake-Up Lineâ.
Analyst admits that prices might fluctuate below or above trend lines. âOur game plan is still solid from a TA perspective. As long as XRP doesn't lose $0.28, we're OK.
XRP price analysis
In unpredictable times, the analyst says, âSo, whatâs next? Nothing has changed: XRP is not a security.â Technical indications are more important than regulatory-driven market emotions, he says.
His forecasted âCritical Target Levelâ of $7.50 shows significant confidence in the crypto asset's upward direction despite market setbacks. This objective exceeds current prices audaciously. The price must rise beyond 1,300%.
#XRP #Ripple $XRP
Yesterday, Wednesday, the SEC filed a Notice of Appeal about Judge Torres's order, extending the XRP litigation against Ripple.
Why XRP Could Reach $7.5
Despite external constraints, Egrag's study, released via X, stresses XRP price resiliency. I know the SEC appeal seems like the end of the world, but guess what? The chart predicted a retest! My post yesterday was spot-on. I responded, "I know you're tired of hearing âretest, retest,â but LISTEN UP: the range of $0.5428 â $0.5375 is STILL in play!"
With his chart analysis, Egrag reassures investors that legal noise should not affect fundamental trading tactics. The analyst describes two key trend lines: the âAtlas Lineâ and the âGenuine Wake-Up Line.â
Both trendlines have dominated XRP for over four years. The optimistic prognosis remains as long as the price does not dip below the âAtlas Lineâ support level. To turn bullish, break the âGenuine Wake-Up Lineâ.
Analyst admits that prices might fluctuate below or above trend lines. âOur game plan is still solid from a TA perspective. As long as XRP doesn't lose $0.28, we're OK.
XRP price analysis
In unpredictable times, the analyst says, âSo, whatâs next? Nothing has changed: XRP is not a security.â Technical indications are more important than regulatory-driven market emotions, he says.
His forecasted âCritical Target Levelâ of $7.50 shows significant confidence in the crypto asset's upward direction despite market setbacks. This objective exceeds current prices audaciously. The price must rise beyond 1,300%.
#XRP #Ripple $XRP
You can understand how important a stablecoin USTC is by looking at the #CoinMarketCap data dated April 12, 2022.
#USTC is the 14th largest cryptocurrency and the market is $16.8 billion.
Daily trading volume reached $756 million.
Its supply at that time was 16.8 billion units.
Add #LUNA to this. (Current #LUNC)
Who can call the Terra Classic chain worthless? If the collapse had not come; LUNA and UST would rock crypto.
He was attacked and brought to his knees. Now trying to get back on its feet as $LUNC and $USTC. Do you think it will rise?
#Binance #Promotion #Advertising #Crypto #Bitcoin #Stablecoin #Ripple
#USTC is the 14th largest cryptocurrency and the market is $16.8 billion.
Daily trading volume reached $756 million.
Its supply at that time was 16.8 billion units.
Add #LUNA to this. (Current #LUNC)
Who can call the Terra Classic chain worthless? If the collapse had not come; LUNA and UST would rock crypto.
He was attacked and brought to his knees. Now trying to get back on its feet as $LUNC and $USTC. Do you think it will rise?
#Binance #Promotion #Advertising #Crypto #Bitcoin #Stablecoin #Ripple
Ripple has partnered with Mercado Bitcoin, Latin America's largest cryptocurrency exchange, to launch a new cross-border payment solution in Brazil. This collaboration aims to enhance the efficiency of international transactions, initially focusing on operations between Brazil and Portugal. By leveraging Ripple's blockchain technology, businesses can expect faster, cheaper, and more secure payments, with settlements occurring in minutes.
Jordan Abud, Head of Banking at Mercado Bitcoin, highlighted that this partnership marks a significant step towards internationalizing their services and expanding their product offerings. Ripple's solution will first cater to institutional clients but is expected to extend to corporate and retail users in the future.
This initiative underscores Brazil's growing importance in the crypto market and Ripple's commitment to expanding its presence in Latin America.
#Ripple #MercadoBitcoin #CrossBorderPayments #Blockchain #CryptoInnovation
Jordan Abud, Head of Banking at Mercado Bitcoin, highlighted that this partnership marks a significant step towards internationalizing their services and expanding their product offerings. Ripple's solution will first cater to institutional clients but is expected to extend to corporate and retail users in the future.
This initiative underscores Brazil's growing importance in the crypto market and Ripple's commitment to expanding its presence in Latin America.
#Ripple #MercadoBitcoin #CrossBorderPayments #Blockchain #CryptoInnovation
đšBREAKING: SEC Files Appeal in Ripple Lawsuit!
The SEC has officially filed an appeal in its long-standing case against Ripple Labs, seeking to overturn the pivotal 2023 ruling that declared secondary sales of XRP do not constitute securities. This move comes as no surprise to legal experts who expected the SEC to challenge Judge Analisa Torres' decision, which was a landmark victory for Ripple and the entire crypto industry.
Whatâs at Stake? In her ruling, Judge Torres determined that XRP itself is not a security, as it failed to meet all the conditions under the Howey Test. However, early institutional sales by Rippleâs founders were deemed securities sales, which created a mixed result. Now, the SEC is aiming to overturn the decision on secondary market sales, a critical point for Rippleâs broader market presence.
Rippleâs Winâand Whatâs Next The initial ruling was celebrated across the crypto space as a major win, particularly for projects under regulatory scrutiny. But with the SECâs appeal, the next phase of this legal saga will shape the future of crypto regulation in the U.S. Big Changes at the SEC On the same day as the appeal, Gubir Grewal, the SECâs controversial chief enforcement officer, announced his resignation, set for Oct. 11. Known for his aggressive enforcement in the crypto sector, his departure could signal potential shifts in the SECâs strategy moving forward. Sanjay Wadhwa, the current deputy, will step in as the interim chief.
XRP ETF on the Horizon? Meanwhile, Bitwise has filed for an XRP ETF trust in Delaware, hinting at growing institutional interest in the token. However, the SECâs legal appeal could delay its approval, leaving the XRP ETF in limbo.
Follow @Professor Mende - Bonuz Ecosystem Founder for more updates!
#SECFilesAppealRipple #SECAppealRipple #Ripple #XRP #BTCUptober  $XRP
The SEC has officially filed an appeal in its long-standing case against Ripple Labs, seeking to overturn the pivotal 2023 ruling that declared secondary sales of XRP do not constitute securities. This move comes as no surprise to legal experts who expected the SEC to challenge Judge Analisa Torres' decision, which was a landmark victory for Ripple and the entire crypto industry.
Whatâs at Stake? In her ruling, Judge Torres determined that XRP itself is not a security, as it failed to meet all the conditions under the Howey Test. However, early institutional sales by Rippleâs founders were deemed securities sales, which created a mixed result. Now, the SEC is aiming to overturn the decision on secondary market sales, a critical point for Rippleâs broader market presence.
Rippleâs Winâand Whatâs Next The initial ruling was celebrated across the crypto space as a major win, particularly for projects under regulatory scrutiny. But with the SECâs appeal, the next phase of this legal saga will shape the future of crypto regulation in the U.S. Big Changes at the SEC On the same day as the appeal, Gubir Grewal, the SECâs controversial chief enforcement officer, announced his resignation, set for Oct. 11. Known for his aggressive enforcement in the crypto sector, his departure could signal potential shifts in the SECâs strategy moving forward. Sanjay Wadhwa, the current deputy, will step in as the interim chief.
XRP ETF on the Horizon? Meanwhile, Bitwise has filed for an XRP ETF trust in Delaware, hinting at growing institutional interest in the token. However, the SECâs legal appeal could delay its approval, leaving the XRP ETF in limbo.
Follow @Professor Mende - Bonuz Ecosystem Founder for more updates!
#SECFilesAppealRipple #SECAppealRipple #Ripple #XRP #BTCUptober  $XRP
âĄ
For the #XRPHolders , here is the #SEC v. #Ripple XRP appellate timeline:
1. #SECG brief likely due 12/2/24. #SEC likely to seek permissible 30 day extension, so will be due shortly after 1/1/25.
2. @Ripple will cross appeal. It's opening brief will be due around the same time.
3. The opposition briefs will be due around 2/2/25. Ripple will likely take its extension, taking that to 3/2/25
4. Reply briefs will be due end of March 2025.
5. An oral argument will be scheduled for some time September - October 2025.
6. A ruling will be handed down from the 2nd Cir in January 2026 at the earliest, likely March or April though.
How this will impact the $XRP price
â
For the #XRPHolders , here is the #SEC v. #Ripple XRP appellate timeline:
1. #SECG brief likely due 12/2/24. #SEC likely to seek permissible 30 day extension, so will be due shortly after 1/1/25.
2. @Ripple will cross appeal. It's opening brief will be due around the same time.
3. The opposition briefs will be due around 2/2/25. Ripple will likely take its extension, taking that to 3/2/25
4. Reply briefs will be due end of March 2025.
5. An oral argument will be scheduled for some time September - October 2025.
6. A ruling will be handed down from the 2nd Cir in January 2026 at the earliest, likely March or April though.
How this will impact the $XRP price
â
đš XRP BREAKING NEWS! đš
đ„ Ripple's XRP is making waves after a huge legal victory! A U.S. court has ruled that XRP is NOT a security in most cases, sending ripples through the entire crypto industry. This is BIGâinstitutions may now feel more confident jumping in, boosting Rippleâs global adoption. đđ„
The SEC has one week left to appeal. If they don't act by October 5, 2024, we could see XRP skyrocket! đ However, short-term dips are adding some suspense as the market waits to see what happens next.
Rippleâs win could set a game-changing precedent for the whole crypto industry, putting pressure on regulators worldwide. đđŒ
#Ripple #CryptoAlertX #BreakingNews #XRPArmy #Binance
The SEC has one week left to appeal. If they don't act by October 5, 2024, we could see XRP skyrocket! đ However, short-term dips are adding some suspense as the market waits to see what happens next.
Rippleâs win could set a game-changing precedent for the whole crypto industry, putting pressure on regulators worldwide. đđŒ
#Ripple #CryptoAlertX #BreakingNews #XRPArmy #Binance
đšđšđš Breaking News: Ripple and Mercado Bitcoin Team Up for Crypto-Enabled Payments in Brazil đšđšđš
đ„ Big News for Crypto Enthusiasts in Latin America! đ„
Mercado Bitcoin, one of the largest crypto exchanges in the region and a partner of Mastercard, is now collaborating with Ripple to revolutionize international payments in Brazil!
đ Key Highlights:
New Partnership: Mercado Bitcoin teams up with Ripple to offer simplified, crypto-enabled international payments, boosting efficiency and reducing costs.
Streamlined Transfers: Rippleâs expertise will enhance the speed and security of cross-border transactions, making it easier for users to send and receive money internationally.
Expanded Services: Jordan Abud, Head of Banking at Mercado Bitcoin, said this collaboration marks a major step in internationalizing their services, providing customers with a broader portfolio of offerings.
Customer Benefits: Lower transfer costs, faster transactions, and a more comprehensive platform for users in Brazil and beyond.
đĄ What Does This Mean?
Enhanced access to global payments with reduced fees.
A smoother, faster transfer experience powered by Rippleâs cutting-edge blockchain technology.
Expansion of Mercado Bitcoinâs service portfolio, increasing its presence in the international market.
â Stay tuned for more updates as this groundbreaking partnership reshapes the future of cross-border payments in Brazil!
#EIGENonBinance #BinanceLaunchpoolHMSTR #CryptoNews #Ripple #Blockchain
đ„ Big News for Crypto Enthusiasts in Latin America! đ„
Mercado Bitcoin, one of the largest crypto exchanges in the region and a partner of Mastercard, is now collaborating with Ripple to revolutionize international payments in Brazil!
đ Key Highlights:
New Partnership: Mercado Bitcoin teams up with Ripple to offer simplified, crypto-enabled international payments, boosting efficiency and reducing costs.
Streamlined Transfers: Rippleâs expertise will enhance the speed and security of cross-border transactions, making it easier for users to send and receive money internationally.
Expanded Services: Jordan Abud, Head of Banking at Mercado Bitcoin, said this collaboration marks a major step in internationalizing their services, providing customers with a broader portfolio of offerings.
Customer Benefits: Lower transfer costs, faster transactions, and a more comprehensive platform for users in Brazil and beyond.
đĄ What Does This Mean?
Enhanced access to global payments with reduced fees.
A smoother, faster transfer experience powered by Rippleâs cutting-edge blockchain technology.
Expansion of Mercado Bitcoinâs service portfolio, increasing its presence in the international market.
â Stay tuned for more updates as this groundbreaking partnership reshapes the future of cross-border payments in Brazil!
#EIGENonBinance #BinanceLaunchpoolHMSTR #CryptoNews #Ripple #Blockchain
đ Will XRP Spot ETF Be Approved? Analyst Reveals the Condition
Cryptocurrency fund manager Bitwise Asset Management has filed for an XRP Spot ETF in the United States, in a move that Ripple supporters see as a significant development.
The filing comes amid Rippleâs ongoing legal battles with the U.S. Securities and Exchange Commission (SEC), which has accused the company of raising $1.3 billion through unregistered XRP sales.
đž XRP Spot ETF Application Is a Prep for Trumpâs Possible Victory, According to Analyst
In 2023, a court ruling found that XRP is not a security when traded on public exchanges. However, institutional sales of XRP were deemed to violate securities laws because they are considered investment contracts under U.S. law and require proper registration. The legal dispute resulted in Ripple being ordered to pay a $125 million fine. Despite the ruling on secondary sales, it remains unclear whether this will affect the SECâs decision on Bitwiseâs ETF application.
Katalin Tischhauser, head of investment research at Sygnum, explained that Bitwiseâs XRP Spot ETF application may not hinge on whether the SEC considers XRP a security. Instead, it focuses on the SECâs requirements for a âregulatory market.â Currently, only Bitcoin and Ethereum have regulated futures markets on the Chicago Mercantile Exchange (CME), which has been a key factor in securing ETF approvals for these assets.
Tischhauser suggested that Bitwise may have filed the XRP Spot ETF application to âstart the clockâ in anticipation of a possible change in SEC policy after the 2024 US presidential election if Trump wins.
Ripple CEO Brad Garlinghouse has previously stated that XRP and other cryptocurrency ETFs are âinevitableâ following the approval of Ethereum ETFs earlier this year. While Bitcoin ETFs have attracted significant interest, attracting $18 billion in fresh capital, it remains unclear whether demand for an XRP ETF will reach that level.
#XRP #Ripple
Cryptocurrency fund manager Bitwise Asset Management has filed for an XRP Spot ETF in the United States, in a move that Ripple supporters see as a significant development.
The filing comes amid Rippleâs ongoing legal battles with the U.S. Securities and Exchange Commission (SEC), which has accused the company of raising $1.3 billion through unregistered XRP sales.
đž XRP Spot ETF Application Is a Prep for Trumpâs Possible Victory, According to Analyst
In 2023, a court ruling found that XRP is not a security when traded on public exchanges. However, institutional sales of XRP were deemed to violate securities laws because they are considered investment contracts under U.S. law and require proper registration. The legal dispute resulted in Ripple being ordered to pay a $125 million fine. Despite the ruling on secondary sales, it remains unclear whether this will affect the SECâs decision on Bitwiseâs ETF application.
Katalin Tischhauser, head of investment research at Sygnum, explained that Bitwiseâs XRP Spot ETF application may not hinge on whether the SEC considers XRP a security. Instead, it focuses on the SECâs requirements for a âregulatory market.â Currently, only Bitcoin and Ethereum have regulated futures markets on the Chicago Mercantile Exchange (CME), which has been a key factor in securing ETF approvals for these assets.
Tischhauser suggested that Bitwise may have filed the XRP Spot ETF application to âstart the clockâ in anticipation of a possible change in SEC policy after the 2024 US presidential election if Trump wins.
Ripple CEO Brad Garlinghouse has previously stated that XRP and other cryptocurrency ETFs are âinevitableâ following the approval of Ethereum ETFs earlier this year. While Bitcoin ETFs have attracted significant interest, attracting $18 billion in fresh capital, it remains unclear whether demand for an XRP ETF will reach that level.
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