Worldwide XRP Adoption: Institutions On All 7 Continents Embrace The Crypto
Ripple has been making great strides in expanding the utility of its digital asset, XRP, worldwide. A new report by Tokenicer shows that institutions are now deploying XRP on all seven continents. Related Reading: Crypto Recognition: China Acknowledges Digital Currency In Historic AML Law Overhaul This puts to rest the debate on the robustness, versatility, […]
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The world’s largest cryptocurrency exchange, Binance, has announced somewhat of an ambitious plan to hire 1,000 new employees this year, much of which will be driven by efforts to strengthen its compliance efforts. Related Reading: Worldwide XRP Adoption: Institutions On All 7 Continents Embrace The Crypto Facing rising regulatory scrutiny, especially from the United States, […]
The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments giant’s move will lead to greater adoption cryptocurrencies. Nevertheless, the analysts believe such a move will not lead an immediate improvement of the company’s bottom line. In a note, the analysts explain that the move “should expand crypto acceptance online, which to date....
A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while 40% still slightly favor fiat cash. The Impact of Money Creation The Satoshilabs survey, which assessed the awareness of cryptocurrencies among the different demographic groups, sought views from more than a thousand Americans across the country. Writing in a blog that explains the survey’s....
Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s sector will remain open to fraud. Kenya’s Embrace of Crypto Slow, Exchange Reps Point to Need for Legislation George Mwakisha, the business development manager at Binance Kenya, says the country can reap the full benefits of digital currencies if it moves to pass the relevant legislation, local....
This news comes at the time when experts assumed adoption of distributed ledgers was still five to ten years away. Once again, the so-called experts have been proven wrong, and it is not the last time that will happen. Blockchain adoption by traditional financial institutions will not happen anytime soon. At least, that is the message their official spokespeople are converting to the world. But according to IBM, there has been a rush to embrace distributed ledgers and integrate them into core systems. Things are looking positive for Bitcoin technology, even though banks will not embrace....