Tag: Ripple (XRP)

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Crypto Finance

Ripple (XRP) Might Be Adopted By American Express For Cross-Border Payments

American Express (AMEX) is a global financial services firm that provides its clients with banking and payment services. Overall, AMEX is valued at about $33 billion in income and an overall staff count of over 50,000 people. In the end, they’re an enormous international company. Now, some rumors suggest that American Express thinks of implementing Ripple (XRP) for cross-border payments.

Intriguingly enough, Ripple company itself has mentioned American Express and not just in a solitary tweet but also in a full news article the company posted it in the news section of Ripple’s site.

American Express clearly understands the problems that SMEs face with traditional banking, from cross-border payments to access to credit. The company’s “Open Forum” is a popular and highly respected platform of resources and support to help small and medium-sized businesses grow.

Ripple

Will indeed American Express (AMEX) adopt Ripple (XRP) for cross-border payments?

The news released by Ripple mentions the problems the companies offering cross-border payments have to conquer in the nowadays financial system and how expansive and slow are the current systems that conduct international transactions.

In fact, AMEX is own of these businesses and its representatives already admitted that there is a need for faster and cheaper systems to conduct cross-border payments.

As we speak, American Express makes use of the Ripple’s xCurrent platform for just a few of its transactions but, as Ripple reported, AMEX would like to extend its anti-fraud prevention measures regarding cross-border transactions and would love to do that using the Ripple (XRP) blockchain.

With Ripple blockchain helping to facilitate behind-the-scenes transactions, American Express customers in the US are already seeing faster payments. Ripple (XRP) and American Express have also aligned themselves from a fraud perspective.

Ripple

Will this signify that we might get to see Ripple (XRP) adopted by American Express for its cross-border payments? It might indeed be so, first because AMEX is looking for more secure transactions and secondly because they’re already successfully collaborating with Ripple.

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Crypto

Ripple (XRP) Might Get On Coinbase, As The Renowned Cryptocurrency Exchange Plan On Moving To Japan

According to news releases this morning, Coinbase, the cryptocurrencies market leader in cryptocurrency exchange platform, will relocate to Japan to commence expanded activities in the Asian country. Naturally, Japan is widely regarded as the homeland of cryptocurrencies and blockchain technology, mostly via the huge volume of investors and crypto enthusiasts living in Japan. Even though this information is not unexpected, a sudden move like this one would have huge repercussions for most of the cryptocurrencies communities. Even more, Ripple (XRP) might indeed reach Coinbase thanks to this move.

Like we are aware already, cryptocurrency exchange platforms operating on the Japanese territory must be licensed and obey a series of crypto regulations designed to protect security and integrity of both cryptocurrencies and investors. Thus, the Japanese regulations are not at all created to hinder the operations of cryptocurrency exchange platforms.

Thus, before moving its activity on Japanese soil, Coinbase cryptocurrency exchange must work to obtain a valid license and once it has been acquired Coinbase operations must comply with the Japanese crypto regulations.

Ripple (XRP) might eventually get on Coinbase cryptocurrency exchange, as the latter plans on moving to Japan

This recent news that Coinbase cryptocurrency exchange will move to Japan has ignited many speculations. Among them, however, one is quite plausible, namely, Ripple (XRP) might now get on Coinbase.

Above all, Ripple (XRP) is a very appreciated coin in Japan where it is, at the same time, the most used cryptocurrency, therefore, would be a smart move from Coinbase to list XRP, as soon as it moves its operations on Japanese soil.

From Ripple’s point of view, however, Ripple (XRP) addition on Coinbase would significantly surge XRP’s price against the USD, as well as its adoption. In the meantime, Ripple (XRP) won’t get on Coinbase as long as Coinbase keeps its business in the US and XRP is considered a security by the US regulators.

Therefore, as soon as Coinbase cryptocurrency exchange moves its operations to Japan, Ripple (XRP), the most used crypto coin on Japanese territory, might be listed.

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Crypto Markets

SBI Holdings Launched VCTRADE, Its Own Cryptocurrency Exchange Platform, With Ripple (XRP) As The Main Asset

SBI Holdings has officially announced the launch of its own cryptocurrency exchange platform called VCTRADE, which is, in fact, the first cryptocurrency exchange platform provided by a bank. The platform will start trading with the 20,000 customers who registered in October last year, who will be able to trade with Ripple (XRP) in exchange for JPY in VCTRADE.

The company plans to extend its services to more customers from July and include other cryptocurrencies such as Bitcoin (BTC) or Bitcoin Cash (BCH).

According to the statement, the company completed the registration and fees required to operate this type of business on Japanese territory since September 2017 and has since worked to prepare for the launch of VCTRADE.

In October 2017, SBI Holdings allowed customers interested in crypto trading to register and, not surprisingly, more than 20,000 applications have been submitted.

SBI Holdings launched VCTRADE, its own cryptocurrency exchange platform, with 0 fees for XRP/JYP trading

For the XRP/JPY exchange, there will be no commissions as the SBI Holdings’ statement said. Also, fees for withdrawals will be charged at the time of making these types of transactions.

In terms of security and safety, the company will be backed by the Japanese Secom Trust Systems and both companies will collaborate for the management of the wallets for the VCTRADE exchange platform.

SBI Holdings had connections with the cryptocurrencies market before

In early March, the company sealed the purchase of 40% of CoolBitX, a Taiwanese company that owns the CoolWallet Bitcoin (BTC) wallet.

In addition, also in early March, the bank has canceled its collaboration with the Chinese startup Huobi, which, at first, announced they’d support SBI in launching its SBI Virtual Currencies.

On the other hand, SBI has been working with Ripple (XRP) since January 2016 to meet the growing demand for cryptocurrencies market services in Asia and put the basis a new company called SBI Ripple Asia which operates in Japan, China, Taiwan, Korea and the countries of the Association of Southeast Asian Nations (ASEAN).

Now, with the launch of its own cryptocurrency exchange platform, VCTRADE, SBI Holdings secures its position as a leader in the Asian cryptocurrencies market

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Crypto News

Ripple (XRP): Ripple Company To Allocate $50 Million To 17 Universities For Blockchain And Cryptocurrency Study

Ripple is one of the largest blockchain companies in the world and its currency, Ripple (XRP), is the closest crypto coin to become a centralized cryptocurrency. In any case, Ripple (XRP) is one of the strongest cryptos on the cryptocurrencies market and the only one which managed to deal with big financial institutions such as Western Union and Banco Santander. Now, Ripple, the owner of the XRP crypto coin allocated about $50 million for cryptocurrencies study to 17 universities, as part of its University Blockchain Research Initiative (UBRI).

Ripple has donated more than $50 million to 17 universities to be invested in studying the world of cryptocurrencies and blockchain. This is not Ripple’s first massive donation, however, as the company has already spent $29 million on public education in the United States.

The new initiative is called the University Blockchain Research Initiative (UBRI) and will provide funding for research programs related to the blockchain, cryptocurrency, and digital payment systems.

In addition to the money, the company will also contribute with its expertise and resources to the research.

Ripple (XRP) will finance the blockchain and cryptocurrency study at 17 universities

For the time being, there are already 17 universities that will participate in Ripple’s UBRI project. Among them, there are some prestigious ones, such as Princeton or MIT, in the USA, while the others are in countries such as Australia, Luxembourg, or South Korea.

The universities’ dedication to the cryptocurrency and blockchain ecosystems will create new job profiles, while the aim of UBRI is precisely to encourage students to pursue a line of research in these fields. Universities may carry out the work and research they deem appropriate in any way they wish.

Besides Ripple (XRP) UBRI project, there are even more prestigious universities that are going to carry out research on cryptocurrency, a fact which says a lot about this digital financial ecosystem.

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Crypto

Ripple (XRP) Aims A Re-branding That Could Help XRP Boost By 200%

We were able to watch a Ripple (XRP) community event which culminated with a Snoop Dogg concert. But, that wasn’t the most significant aspect of the event. More interesting was the rebranding of Ripple and, as everybody knows, a change in a brand doesn’t occur without a good reason behind it. In Ripple (XRP) case, might be the desire to get on Coinbase cryptocurrency exchange. However, Ripple wants to rebrand itself, a fact which could boost XRP by 200%.

Ripple (XRP) & Coinbase

As we speak, the authorities are struggling to claim XRP as a security and some investors support the officials in this action.

Thus, Ripple team knows that the XRP will only be able to boost its value against the USD if it will get listed on big cryptocurrency exchange platforms. And, as it has been revealed in the latest news, Ripple is actually going after Coinbase.

But Coinbase cryptocurrency exchange and other major ones will not be interested in Ripple (XRP) as long as XRP has no legal status and is surrounded by turmoil.

This is why Ripple team re-thought its business and started to rebrand itself in order to increase the interest of big cryptocurrency exchange platforms in Ripple (XRP).

Ripple rebrand can help XRP boost by 200%

As reported on Bitcoin.com, Ripple wants to dissociate itself from its homonymous cryptocurrency in order to “de-securitize” the Ripple (XRP) crypto token.

The odds that XRP to be claimed as a security, in the conditions that Ripple holds the largest amounts of its crypto, are really big, thus, such a classification would have a substantial impact on the XRP price and its performance on the US stock exchanges. In this regard, Ripple would like to separate from XRP but could bump into more trouble in convincing people about the reliability of such a measure.

But, as XRP would become an asset on its own, a listing on one of the major cryptocurrency exchanges such as Coinbase, as well as on the US stock exchange, would bring more transactions, market cap, and value against the USD for the XRP. Thus, Ripple rebrand can help XRP boost by 200% only in the before-mentioned conditions.

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