Tag: Ripple (XRP)

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Crypto News

Ripple (XRP) xRapid Platform Was Successfully Tested By The UK Currencies Direct Forex Broker And Remittances Service

Currencies Direct, a European Forex broker and remittances service, has reported the completion of a very successful test for Ripple (XRP) xRapid platform and described the XRP cryptocurrency as a “game changer”.

Just to be clear, Ripple’s xRapid is the platform that uses Ripple (XRP) cryptocurrencies for its operations, while the other major platform, xCurrent, is employing the use of Ripple network to handle instantaneous and safe cross-border payments.

It might look like xRapid is not used by many banks and financial institutions but, in reality, it is tested by some big names in the financial industry and is even up and running for others. The best example is the successful implementation of the Ripple (XRP) xRapid system within the US-Mexico cross-border payments.

This is the very first time a European remittances service has ever tested the Ripple (XRP) xRapid platform

Currencies Direct, a company which was the #1 money transfer service in Europe in 1996, traded approximately 4.5 billion GBP (about $6 billion) in Forex in the past year and is, thus, a quite big player in this sector on the European market.

The Currencies Direct xRapid trial was performed with a number of cross-border payments across a selection of institutions. Each of these transactions was conducted via the xRapid platform and was completed in a matter of seconds instead of the usual 3 to 5 days which characterizes the international remittances.

How does Ripple (XRP) xRapid work?

To put it in a simple manner, xRapid employes Ripple (XRP) use as an exchange currency to diminish the fees related to Forex, while, at the same time, the network handles the transaction in XRP almost instantaneous.

Ripple explains is as such:

A payment journey with xRapid looks like this: a financial institution connects directly to digital asset exchanges in both the originating and destination corridors. The originating currency is exchanged into XRP which provides the necessary liquidity to power the final payment, and then in seconds that XRP is exchanged into the destination currency in the second digital asset exchange.

Also, as xRapid directly employes the use of Ripple (XRP) cryptocurrency, the more remittances services such as Currencies Direct accepts xRapid, the more the value of Ripple (XRP) will increase, as the applicability and the acceptance of this crypto will increase.

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Crypto Real Estate

Ripple (XRP) Accepted As Cryptocurrency Payment Method On Propy For A $16 Million Property In Silicon Valley

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are the most popular among crypto enthusiasts and now they are all accepted as payment methods for the acquisition of 27 acres of land in Los Gatos, in California, as recently Ripple (XRP) has been accepted by Propy Inc as a cryptocurrency payment method.

Any announcements with regard to the adoption of cryptocurrency are particularly appreciated in this period of turmoil in the cryptocurrency market that has witnessed Bitcoin (BTC) drop to its current record low of $7,000. BTC is now trading at $7,241, at the time of this article. On the other hand, Ethereum (ETH) is currently traded at $533 and Ripple (XRP) is down to levels under 60 cents and quoted at $0.57.

Via Propy Inc, a real estate business committed to addressing cross-border real estate purchase challenges, a property appraised at $16 million may be acquired with BTC, ETH or XRP.

Propy Inc accepted Ripple (XRP) as a new cryptocurrency payment method for a $16 million property

The announcement has been made via a tweet on the official Propy Inc page on the social networks, which reads:

Great news! We added XRP as a cryptocurrency accepted at Propy, starting with a rare investment opportunity to acquire one of the last large pieces of city land in Silicon Valley! $, BTC, ETH and now #XRP are accepted. The offer is exclusive on #propy:

The property listed on the Propy Inc’s website features a thorough description of what it offers and also admits the acceptance of Ripple (XRP) as a cryptocurrency payment method, along with Bitcoin (BTC) and Ethereum (ETH).

BITCOIN & ETHER and XRP ACCEPTED! Welcome to Los Gatos! Located on Shannon Road, this rare 27-acre site near the top of Los Gatos is now for sale.

This property is the first on Propy to accept cryptocurrency payment in Ripple (XRP) but the real estate company is optimistic other properties will follow.

According to the current XRP value against the USD, one would need around 27,9 million Ripple (XRP) to acquire the property.

Categories
Crypto

Ripple (XRP) Adoption Increased Even More As Kuwait Finance House Announced They’ll Use RippleNet

Yesterday, May 26th, Kuwait’s leading Islamic lender unveiled its plans to affiliate with RippleNet. Kuwait Finance House (KFH) will partner with Ripple’s network dedicated to banks and other financial institutions and will use Ripple (XRP) blockchain to cut down on transactions fees and boost the pace of cross-border payments. Definitely, this is another good news regarding Ripple (XRP) adoption.

KFH is the first bank in Kuwait to join RippleNet for cross-border instant payments using blocking technology.

Kuwait Finance House

The announcement is the newest in a string of high-level news reports regarding the Ripple (XRP) adoption. Earlier this week, Ripple stormed into conventional and social media as Ashton Kutcher went to The Ellen DeGeneres Show and donated $4 million in XRP for the Ellen’s Wildlife Fund in Rwanda during an instant cross-border payment which has been conducted live during the show.

Ripple (XRP) adoption process had a great period characterized by many interesting partnerships

Soon after the Ashton Kutcher event, Propy, a worldwide real estate broker, declared that it is now able to buy and sells homes in Ripple (XRP).

Besides, the Uphold digital payment platform fulfilled its XRP implementation, permitting its clients to buy Ripple (XRP) using US Dollars but also to make deposits, transactions, and withdrawals.

Also noteworthy, the Revolut mobile banking application has successfully concluded its XRP implementation, allowing its about 2 million users to purchase and sell Ripple (XRP).

Additionally, the online private jet booking service TapJets announced that it intends to adopt Ripple (XRP) as a new payment method starting with June 1st.

Ultimately, the social trading network and multiple asset trading firm eToro posted a review of its clientele, disclosing that XRP is among the most sought-after assets on eToro’s trading platform.

Besides Ripple (XRP) adoption news, Ripple team has announced its intentions of changing XRP symbol and the community is free to come up with ideas. Also, at the moment of this article, XRP is traded at $0.60, recording a 2.06% loss in the last 24 hours.

Categories
Crypto

Ripple (XRP) And Bitcoin Cash (BCH) Has Been Adopted By The Revolut Cryptocurrency Trading App

Today, May 24th, the UK-based digital banking platform Revolut introduced Ripple (XRP) and Bitcoin Cash (BCH) to its cryptocurrency trading platform via its App. This facility permits customers to convert their fiat currency into cryptocurrency, to leverage their investments with immediate exchanges between fiat, Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), and, from now on, Ripple (XRP) and Bitcoin Cash (BCH).

“We have been asking the Revolut community what cryptocurrencies they would like to see next and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming.”

Vlad Yatsenko, CTO of Revolut

Cryptocurrency is on track to be the primary banking asset of the future with the rising demands of its customers. Approximately 20 percent of the Revolut users have tried the company’s cryptocurrency facility by now. The company trades more than 100,000 Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH), on a daily basis.

Ripple (XRP) and Bitcoin Cash (BCH) have been added by Revolut on its cryptocurrency trading platform

The Revolut App is intended to definitively boost the number of clients with the recent implementation of Ripple (XRP) and Bitcoin Cash (BCH), two of the most appreciated and popular crypto coins of the moment.

The Revolut App, a cryptocurrency trading platform, is intended to definitively boost the number of clients with the recent implementation of Ripple (XRP) and Bitcoin Cash (BCH), two of the most appreciated and popular crypto coins of the moment. So by including more popular cryptocurrencies, businesses from the FinTech sector, such as Revolut, will become more reluctant to embrace the blockchain and tokens/coins linked to cryptocurrencies.

At the moment, Revolut has teamed up with Bitstamp, a Bitcoin (BTC) trading operator based in Luxembourg, in order to execute cryptocurrency transactions at a fee of only 1.5% out of the total amount of the transactions to be conducted.

At the moment of this article, Ripple (XRP) is traded at $0.62, increasing by 3.42%, while Bitcoin Cash (BCH) is traded at $1,029, recording a slight increase of 1.69%.

Categories
Crypto

Ripple (XRP) And Litecoin (LTC) Might Get Accepted On TapJets Private Airlines Booking Platform

A survey carried out by a US private airlines booking company, TapJets, indicates a high interest in customers who would like to pay airfares using cryptocurrency. The survey allowed customers to vote for which crypto they’d like to use between Ripple (XRP), Liteceoin (LTC), and Verge (XVG).

The first place was secured by Ripple (XRP) with 44%, while the second spot went to Litecoin (LTC) with 35%. As it is clear now, Verge (XVG) lost the battle, ranking the last with only 21%.

TapJets will add Ripple (XRP) and Litecoin (LTC) as its cryptocurrency payment method

“People have voted, and we have listened to your comments. TapJets will perform the technical evaluation of Ripple (XRP) and Litecoin (LTC),” announced the company’s representatives.

This announce is obviously showing that Verge (XVG) has been completely ejected from the options list. On the other hand, it is still not clear yet if TapJets plans on adding both the remaining cryptos, XRP and LTC, or they will only opt for one of them.

Part of this activity will depend on how agile the XRP and LTC development teams are in responding to our requests. Our goal is to enable TapJets customers to use these alternative currencies on June 1, 2018. We have already been in contact with the LTC team and will contact the XRP team on Monday.

TapJets Team

On the other hand, among Ripple (XRP) and Litecoin (LTC), LTC would be more suitable for such a project, at the first glimpse.

What would this action mean for Ripple (XRP), Litecoin (LTC), and TapJets?

With several millions of people flying throughout the United States on a daily basis and a significant proportion of them supporting the work of private airlines booking platforms such as TapJets, both Ripple (XRP) and Litecoin (LTC) will be on the brink of a massive adoption that many crypto enthusiasts long-awaited.

Surely, for XRP and LTC, the addition to the TapJets private airlines booking platform will return higher demands.

On the other hand, for TapJets, adding Ripple (XRP) and Litecoin (LTC) would mean bigger profits as there are many XRP and LTC holders which would have a new way and platform to spend their cryptocurrency.

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