Ripple CTO David Schwartz Clarifies XRP Prefunding Strategy Amid Debates
Ripple CTO David Schwartz has clarified the company's prefunding strategy for XRP, explaining that customers can prefund in just one account and make payments to any On-Demand Liquidity (ODL) destination market. He also highlighted the flexibility of Ripple's system, stating that customers can hold their funds in their preferred asset and pay in a different one. Schwartz confirmed that Ripple can prefund accounts using their own XRP at very near zero cost, but the company does take on some credit risk and must charge for that accordingly. There is a non-zero risk that the customer will not pay the company back for the XRP, particularly if a customer's funds are held in a bank that fails or goes bankrupt for some reason.
Ripple Plans to Help 3.7 Billion People
Ripple plans to help over 3.7 billion unbanked or underbanked people worldwide through blockchain innovation in carbon markets. The initiative, which has already provided $150 million in donations, aims to increase economic participation, opportunity, and sustainability through low-cost and always-on money transfers in emerging markets and a central bank digital currency platform for governments working to improve financial inclusion. Ripple aims to promote a sustainable future for the cryptocurrency industry by reducing emissions, using green energy, and investing in carbon removal projects to achieve carbon neutrality by 2030. The company believes its XRPL is the world's first blockchain to be carbon neutral and has the potential to provide green cryptocurrency solutions and more productive carbon markets.
XRP Healthcare Teams with FasterCapital to Fund African Acquisition Plans
XRP Healthcare Africa, a subsidiary of XRP Healthcare, has partnered with FasterCapital, a venture capital enterprise overseen by the esteemed financial guru Hesham Zreik, to source capital for the procurement of private medical institutions spanning the African continent.
Coinbase CEO: US Crypto Policy Threat to National Security, Ripple Exec Reacts
Brian Armstrong, CEO at Coinbase, recently held a Twitter Spaces session in which he and three other speakers analyzed how the unfavorable policy surrounding crypto in the United States could threaten the country’s national security.
Ripple’s $XRP-Powered Solution Surpasses $30 Billion in Transactions Processed Since Launch
In a recent publication, California-based fintech firm Ripple has revealed that its global $XRP-powered global proprietary payments solution, RippleNet, has processed nearly $30 billion across approximately 20 million transactions since launch.
Biggest Movers: XRP, ADA Drop to Multi-Week Lows on Friday
Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low.
Ripple CTO Stresses Importance of De-risking Amid XRP Slump
Schwartz’s statement came in response to a tweet from an XRP investor undertaking a month-long de-risking strategy.
Crypto Evening Briefing: Ukraine Plans to Adopt EU’s New Cryptocurrency Regulations
Ukrainian regulators have announced their intention to adopt the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Parliament.
Ripple Processes $30B in 20M Transactions Within 70 Payout Markets
Ripple has processed nearly $30 billion in up to 20 million transactions using its global proprietary payments solution, RippleNet, since its launch. This was disclosed in a quick guide on how companies can streamline Treasury payments with RippleNet. Ripple's payments solution promises a broad range of offerings to help facilitate more efficient treasury flows for businesses, including access to Ripple's extensive global network. The solution has expanded to almost 70 payout markets globally, with recent additions such as Brazil, Singapore, Malaysia, France and Sweden, representing up to 90% of the global foreign exchange market. Ripple seeks to address issues with treasury flows with its payments solution, and Pyypl is one platform that leverages the solution to streamline its treasury flows.
Ripple Survey Shows Payment Leaders Recognize Crypto Benefits, Cite Regulations as Barrier
According to a recent report by Ripple, key payment industry leaders believe that blockchain and cryptocurrency can enhance the payment sector, but regulatory ambiguity is the primary impediment to crypto adoption. The report is based on a survey conducted by Ripple and the US Faster Payments Council, which gathered the opinions of up to 300 payment leaders on the benefits and challenges of blockchain and cryptocurrency in the payment sector. 97% of respondents agreed that blockchain and cryptocurrency could improve the speed of payments in the next three years. However, only 17% of respondents are presently in favor of crypto payments, with 89% identifying regulatory uncertainty as the primary obstacle to widespread adoption. Respondents also expressed concerns about the environmental impact of cryptocurrencies. Despite the regulatory uncertainties, some regions, such as Hong Kong and the EU, are making strides to address this issue.
Ripple Exec Opts For EU’s Progressive Crypto Laws As XRP Case Verdict Closes In
In a major development for the crypto industry, the European Parliament has approved the first comprehensive set of rules for the market, while U.S. financial regulators continue to struggle with providing clear regulations. Ripple Labs, which has been seeking clarity in the U.S., has praised the EU's move and expressed their intention to build and grow in the European marketplace. The new set of rules, known as MiCA, was approved by 517 European lawmakers, with 38 against it. The rules aim to reduce risks for market participants and hold providers liable if they lose investors' digital crypto assets. This progressive approach to crypto regulation has been hailed by Ripple's International Policy Counsel as a sensible and positive step forward.
Ripple, FTX, Tezos Leaders Affected by Twitter’s Blue Checkmark Removals
A number of crypto leaders appear to have lost their “blue checkmark” status following changes to Twitter’s identity verification model on April 20.
Proponents Suggest Incentives for XRPL Validators, Ripple CTO Responds
One individual suggested that validators receive a portion of XRP Ledger (XRPL) transaction fees as incentives instead of getting funds from Ripple.
Crypto Market Declines as Bitcoin Falls Below $30,000 Alongside Equities and Blockchain Stocks
Bitcoin and other cryptocurrencies experienced a decline in early U.S. trading, with the leading cryptocurrency falling 3.8% to trade at $29,282 according to Binance data via TradingView. Ether also slipped below $2,000, with altcoins such as Binance's BNB, Ripple's XRP, and Cardano's ADA also experiencing losses over the past day.
XRP Price Prediction: Ripple Bulls Aim For $0.60 or Higher
Ripple's XRP is trading above $0.510 and the 100 simple moving average (4 hours), with a major bullish trend line forming with support near $0.5100 on the 4-hours chart of the XRP/USD pair. XRP started a fresh increase from the $0.500 zone against the US Dollar, climbing above the $0.525 resistance but facing resistance at the $0.535 zone. Initial resistance is near the $0.5320 zone, with the first major resistance near the $0.535 level. A successful break above the $0.535 resistance might send the price toward the $0.5475 resistance and the $0.600 level. On the downside, initial support is near the $0.522 zone, with the next major support near $0.519 or the 61.8% Fib retracement level. Technical indicators show bullish momentum gaining pace in the MACD and the RSI above the 50 level. If XRP fails to clear the $0.535 resistance zone, it could test the $0.488 support zone. (newsbtc)
