Feed-Creator-21d8f2679

Breaking News XRP futures contracts have been officially submitted to the U.S. Commodity Futures Trading Commission (CFTC)!
Bitnomial Exchange announced that it will launch XRP-US dollar futures (XUS) in accordance with CFTC regulations!
Here are the key details:
Regulatory progress: The futures contract has been filed with the CFTC. Trading time:
On August 13, 2024, XRP futures trading on Bitnomial will be launched!
Why is it so important?
A huge leap: This move is of great significance to the launch of XRP ETF in the United States! Chain reaction: The launch of XRP futures under CFTC supervision may bring more regulated XRP products to the US market, including the XRP ETF we are looking forward to!

$RP skyrocketed because it was officially launched on the Chicago Mercantile Exchange (CME)! A few weeks ago, the derivatives giant announced that it would do something new with XRP, and it didn't disappoint.
Do you remember that Crypto Basic reported that CME was going to set a benchmark for XRP so that traders could have a clearer idea of ​​how much this thing is worth? Now, it's come true! There are two more XRP-related benchmarks on the CME platform: one is the real-time price index of XRP against the US dollar (XRPUSD_RTI), and the other is the reference rate (XRPUSD_RR).
Simply put, the reference rate is like the "official price" of XRP every day. CME
will calculate it once a day based on data from some major exchanges (such as Bitstamp and Coinbase). The real-time index is the latest price that is updated at any time, which is similar to the real-time market in the stock market.
Interestingly, CME classified XRP in the category of "payment and value storage", which made XRP fans very happy because they have always said that XRP is used for payment.
By the way, last year a judge said that XRP is not a security, and XRP finally breathed a sigh of relief. Previously, the issue of whether it was a security caused a lot of controversy, and many platforms dared not get involved, fearing that they would get into trouble.
In the final analysis, if cryptocurrencies want to be popular, they must be visible and tangible.
This wave of operations by CME is a big advertisement for XRP, and it will be more convenient for everyone to check the price in the future. Although XRP has been around for many years, it is a milestone to be able to enter the CME hall this time.

The SEC closed-door meeting has confirmed that a resolution meeting on XRP will be held on August 1. Whether XRP can become great again depends on the final resolution!

XRP

The rescheduled SEC settlement conference regarding Ripple will be held on July 25 from 2:00 pm to 4:00 pm ET.

XRP
The future star of cross-border payments
I. Basic information
• Name: XRP, full name Ripple Credits, Chinese name is Ruibo Coin or Renpin Coin.
• Issuer: XRP is a virtual currency issued by Ripple (formerly OpenCoin).
• Total amount: The total amount of XRP is 100 billion, and this amount is fixed and will not increase.
• Features: XRP is the base currency based on the Ripple network, with the characteristics of decentralization, low transaction fees, and fast transfer.
II. Technical features
1. Fast transfer: XRP's transaction speed is extremely fast, generally only a few seconds to complete, much faster than Bitcoin (at least one hour) and Ethereum (2 minutes).
2. Low cost: Compared with traditional bank cross-border transfer fees, XRP's transaction fees are lower, almost zero.
3. Scalability: XRP's payment protocol is compatible with various currencies and digital assets. It is an ideal bridge currency that can be used for fast exchange between different currencies.
4. Security: XRP is a digital currency based on mathematics and cryptography. It has the function of ensuring the security of the Ripple system and is an indispensable core of the Ripple system security.

III. Application scenarios
• Cross-border payment: As a fast and low-cost international transfer solution, XRP can meet the needs of cross-border payments, especially for small payments and large-scale cross-border transfers, which can save a lot of costs.
• Financial institution cooperation: Ripple has established partnerships with many financial institutions around the world, and this partnership provides opportunities for XRP to expand the market.
• DeFi and NFT fields: Ripple continues to explore the fields of DeFi and NFT to expand new boundaries for XRP's application scenarios.
IV. Market performance
• Market value ranking: XRP is one of the cryptocurrencies with a higher market value ranking. Although the specific ranking will change with market fluctuations, it has always maintained a high level of market attention.
• Price fluctuations: The price of XRP is affected by many factors, including regulatory policies, market sentiment, technological progress, etc. Investors should view price fluctuations rationally and invest prudently.
V. Future Outlook
•Technological innovation: Ripple has been committed to technological innovation and continuously improving its payment protocols and networks, which will provide more opportunities for the future development of XRP.

Ripple's lawsuit against the SEC may be resolved at a closed-door meeting on July 25

Golden Finance reported that Ripple CEO Brad Garlinghouse hinted that Ripple's lawsuit against the SEC may be resolved and plans to hold an important meeting on July 25.

Ripple is a cryptocurrency that aims to provide a faster, more economical and more reliable way to make cross-border payments. The Ripple network provides solutions such as real-time remittances, international P2P payments, electronic invoicing and international supply chain payments through its RippleNet. Its fast (about 1,500 transactions per second) and low-cost global transaction capabilities make it competitive in the financial sector. XRP is the native cryptocurrency of the Ripple network and is mainly used to facilitate low-fee cross-border fund transfers. XRP's transaction confirmation time is only 3 to 5 seconds and its low transaction fees give it an advantage in cross-border payments. XRP has maintained a solid position in terms of market capitalization and is one of the most valuable currencies on the market. The Ripple team continuously upgrades its network, products and the underlying technology behind XRP to improve transaction speed, cost and security. These technological improvements may enhance the utility of XRP and have a positive impact on its price. XRP has high return potential and its market value is expected to grow as the promotion and adoption of the Ripple protocol increases. Ripple not only has a layout in the field of cross-border payments, but also hopes to expand into markets such as e-commerce loans, remittances and micropayments.
Ripple's cooperation with platforms such as Ecwid and Amazon shows its intention to expand in the field of e-commerce. Compared with other currencies, Ripple and XRP are innovative and have potential in the field of fintech!
#拜登退选 #比特币大会 #xrp新纪元

#MyFirstFeedPost Welcome to Binance Square!