Ripple CLO Says Crypto Is Becoming Part Of America’s Financial Default Setting
Ripple Chief Legal Officer Stuart Alderoty said crypto is moving deeper into mainstream American finance, citing a new National Cryptocurrency Association report that found 67 million Americans now own or use digital assets. Speaking with NYSE on May 28, Alderoty, who also serves as president of the National Cryptocurrency Association, framed crypto adoption as increasingly […]
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Presidential candidate Donald Trump claimed that the US is incapable of defaulting on its debt because of the Federal Reserve’s ability to “print money.” The Republican Party’s presumptive presidential nominee attempted to clarify previous statements that he could persuade America’s creditors to accept less than full payment for the national debt, which was construed by some publications to mean he intended to default. Trump insisted that he meant that the US could simply buy back debt at a discounted rate. “You know, I’m the king of debt. I understand debt probably better than anybody. I....
Crypto pundit Chad has drawn a connection between Ripple and XRP with SWIFT. This comes as Ripple continues to expand its payment services and other operations, further integrating XRP and RLUSD into traditional finance (TradFi). Pundit Draws Attention To The Connection Between Ripple And XRP In an X post, Chad noted that Ripple Treasury and XRP are now connected directly to SWIFT. This came as he highlighted Ripple’s listing of SWIFT as one of its connectivity partners for payments. The treasury management firm stated that it is part of the SWIFT Certified Partner Program. Related....
Mizuho Financial to start trials of its new blockchain based Ripple application for cross-currency settlements. Financial service company Mizuho Financial Group (NYSE:MFG) has confirmed partnering with Ripple Labs to try out the latter’s blockchain-based solution for cross-currency settlements. The Japan-based finance giant, which is also a part of the R3 led international banking consortium, plans to utilize Ripple Protocol’s proprietary blockchain protocol – known as Ripple – to implement speedy and cheap cross-border settlements. SBI Holdings (TYO:8473), another Japanese financial....
On this July 4th, let’s remember that America’s founding fathers wanted to create a republic based on sound money like Bitcoin.
Ripple has released a crypto survey that sought the opinions of over 1,000 financial world leaders on their crypto market outlook. Notably, most of these leaders suggested that institutions must look to embrace crypto or risk losing their competitiveness in the market. Ripple Study Shows Finance Leaders View Crypto as Now Important Ripple noted that […]