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World Bank Classifies XRP as Stablecoin for Cross-Border Payments !!!

Notably, the classification came in a November 2021 research paper titled “Central Bank Digital Currencies for Cross-Border Payments.”

The report considered the endeavors undertaken at the time to streamline cross-border payments for efficiency and cost-effectiveness.

It recognized stablecoins as a digital currency category that provides instantaneous processing and secure payments. In particular, the report laid emphasis on their stability concerning parity with fiat currencies.

Based on this premise, the World Bank identified two virtual assets that they believe fall into the stablecoin category: Ripple’s cross-border payment currency, XRP, and the native asset of the Stellar network, XLM.

The World Bank report also emphasized that XRP and XLM enable faster and more efficient cross-border payments than traditional correspondent banking methods.

Sean McBride, a former director of Global Talent Acquisition at Ripple, recently brought the crypto community’s attention to this World Bank’s classification of XRP #DYOR。

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First half of 2024
Stake products: reduce token circulation
Web wallet integration VITE Passport
Vite iOS App rebrand
Update ERC20 & Bep20 vite brand
New SBP Incentive Program Released: More SBP and voting
Vite Android App rebrand
ViteX gateway migration：community gateway
VITE ecosystem program to incentivize community projects
VITE DAO second stage
Hackathon Season 1: Inspiring Community Developers
Vite listed on exchanges
Vite App Dark theme
Release VITE connect SDK: build your dapp or wallet
New Partnerships

Second half of 2024
Vite listed on new exchanges (part 2)
Vite Passport Rebrand
The mainnet upgrade of 2024: “Neptune”
App and web wallet will be upgraded in conjunction with the mainnet
The app cooperates with the web wallet to upgrade the main network for forced update.
Web wallet and vitex service separated
DAO treasury: Establish DAO treasury and community manage it
Solidity++ VSCode Extension: Syntax highlighting and Code completion
Vite listed on exchanges
Vite Bridge DAO: Community Management Bridge
Hackathon Season 2: Inspiring Community Developers
VITE wallet revision 5.0.0 version
AirDrop to VITE holder
New Partnerships
Vitasensus adds multi-chain management

XRP Whale Shuffles 203 Mln Tokens, Will Price Hit $0.58?

In a whirlwind of twists witnessed recently, XRP, a cryptocurrency backed by Ripple Labs, curated quite the buzz following the noting down of a significant whale transaction recently. As per on-chain insights offered by Whale Alert, a blockchain tracking platform, a whopping 203.10 million XRP, worth $112.20 million, on the move caught the eyes of crypto market enthusiasts.

Meanwhile, the XRP price today noted a substantial pump, nearing the $0.58 mark, sparking curiosity among crypto market traders and investors. The derivatives data for the Ripple-backed token further propelled bullish sentiments across the crypto market, coinciding with the surge in price witnessed today.

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