Sweeping Changes Coming to Finance, Ripple CTO Believes XRP Can Benefit
Ripple CTO David Schwartz weighs in on discussions of a “Great Financial Reset” by saying talk of a one-world currency is premature. However, Schwartz acknowledges that a global network of central bank digital currencies (CBDCs) is coming soon. With that, he believes XRP, as a “neutral, jurisdictionless asset,” can benefit by acting as a bridge […]
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Ripple doesn’t stand a chance against the Securities and Exchange Commission in its ongoing court battle, this US congressman says. U.S. Representative Brad Sherman stated in a recent FOX Business interview that he believes the SEC would prevail in its legal fight against Ripple because XRP, the native cryptocurrency on the Ripple network, is a security. […]
Rumors of a Ripple IPO have been swirling the crypto community for quite some time now and industry leaders are beginning to join in on the conversation. The latest comments come from Lint’s Community Director Ray Fuentes, who believes an Initial Public Offering (IPO) could be on the way. Ripple IPO Might Happen In 2024 […]
Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while only “using a tiny fraction of the energy.” Ripple Cofounder Believes Crypto Networks Leveraging Proof-of-Work Should Consider Alternatives While the global economy struggles after a year of Covid-19 lockdowns and....
Payment solutions provider AstroPay has launched Ripple LatAm, Latin America's first licensed money service business to use the payment network established by Ripple Labs. Ripple LatAm will serve consumers and developers in seven markets, including: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay. The service aims to help consumers sending payments across borders, while also allowing developers to build remittance platforms using Ripple's technology. Andres Bzurovski, founder of Ripple LatAm and recent Bitcoin Foundation board member candidate, told CoinDesk he believes the....
"Due to the uncertainty concerning their ongoing litigation with the SEC, the company has suspended trading on Ripple's platform," says MoneyGram's quarterly outlook. Global money transfer service MoneyGram says it has changed its relationship with blockchain payments firm Ripple amid the latter's litigation with the Securities and Exchange Commission.According to MoneyGram's quarterly outlook, the company is "not planning for any benefit from Ripple market development fees" for the first quarter of 2021. MoneyGram said it had a more than $12 million net expense benefit from Ripple in the....