Ripple

US-Senate-Elects-Ex-Ripple-Advisor-as-Fed-Vice-Chair-for-Supervision
US Senate Elects Ex-Ripple Advisor as Fed Vice Chair for Supervision

Michael Barr was confirmed by the US Senate as vice chairman for supervision at the Fed. Barr, who was President Biden’s pick for the position, was also an ex-Ripple advisor. Twitter users speculated Ripple’s XRP will moon after the announcement. Michael Barr, a law professor and former Ripple advisor, was appointed as vice chairman for supervision at the Federal Reserve by the US Senate on Wednesday. Barr, who was US President Joe Biden’s pick for the vice chair for supervision of the Federal Reserve System, was confirmed to sit in the position for four years. The US lawmakers voted 66-28

2 mins read
ecommended News :
Ripple CEO Says Coins Without Utility Will Disappear

Ripple CEO says only utility-based crypto tokens will prosper in the future.  He adds that tokens with no utility will eventually disappear.  The firm is eager to kick-off its Ripple CBDC Innovate challenge. The XRP community is abuzz on Twitter as a Ripple fan shares a video of Ripple CEO Brad Garlinghouse. The focus of the video clip is about how important utility in crypto tokens are to the CEO.  In fact, from the video clip, we can see that Garlinghouse clearly mentions how he believes that only tokens with utility will prosper. More so, he says that crypto tokens

2 mins read
Ripple-Opens-Crypto-Hub-in-Toronto,-Aims-to-Hire-Hundreds
Ripple Opens Crypto Hub in Toronto, Aims to Hire Hundreds

Ripple announces its intention to make Canada a crypto hub.  The company will hire hundreds amid global crypto layoffs.  It aims to open an engineering hub to drive innovation in the country. Ripple is opening an office in Toronto, Canada. The blockchain company is hoping to make Canada serve as a crypto hub. In fact, Ripple is planning on hiring 50 engineers to have the hub kick into full gear. As the year goes by, they plan to hire hundreds more.  As we can see from the tweet above, the announcement seems to be receiving a very warm reception from

2 mins read
Ripple Submits Crypto Regulation
Ripple Partners With Fluf World To Bring ‘Open Metaverse’ via the Root Network

Ripple and Fluf World announced partnership to launch ‘Open Metaverse’ via The Root Network. The Root Network will connect to the Global XRP community to grant access to NFTs over FLuf’s ecosystem. The Open Metaverse allows other projects to mint, buy, sell, or trade in-network tokens on The Root Network Ripple, the company behind XRP, has partnered with Fluf World to launch an ‘Open Metaverse’ via The Root Network. According to the Fluf world’s press release, the partnership claims to bring great possibilities to both of their communities by expanding the utility of XRP as its default gas token.  The

2 mins read
ecommended News :
Ripple Pledges $100M to Bolster Global Carbon Market

Ripple announced an allocation of $100 million for bolstering the global carbon market. The company is taking part in tokenizing carbon credits. In addition, Ripple is aiming to achieve a net-zero carbon footprint by 2030. Ripple has announced that it will be allocating up to $100 million to “scale and strengthen” global carbon markets.  According to the press release, the said amount will be used to invest in companies and startups that focus on this area. The funding will accelerate carbon removal activity and help modernize carbon markets through investments in innovative carbon removal companies and climate-focused fintechs. The company

1 min read
Republic of Palau to Create CBDC With Ripple
Republic of Palau to Create CBDC With Ripple

The Republic of Palau will develop its own CBDC in partnership with Ripple. The country will also explore other use cases with the XRP Ledger. Palau is a country in Oceania composed of 500 islands.  The Republic of Palau is one of the newest countries to join the fray in the creation of a central bank digital currency (CBDC). For this endeavor, the country has partnered with fintech firm Ripple. As part of the partnership, Ripple will aid Palau in creating a digital currency backed in US dollars. Also, the country will explore better infrastructure options for cross-border payments.  According

1 min read
Ripple Submits Crypto Regulation
Ripple Submits Crypto Regulation Proposal Amid New Bill

Ripple has submitted a crypto regulation proposal in conjunction with the Eliminate Barriers to Innovation Act. The proposal aims to include crypto companies in the decision-making process regarding crypto regulation. Recently, US President Joe Biden signed a new bill that affects US-based crypto exchanges. US-based Ripple recently submitted a new proposal in conjunction with the Eliminate Barriers to Innovation Act (H.R. 1602). Specifically, Ripple proposes that the government would form a working group regarding crypto regulations.   This group will be composed of government entities such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

1 min read
Ripple xrp exchange launch soon
Ripple Exchange Soon? Company to Launch Liquidity Hub

Ripple will be launching its Liquidity Hub. This hub will start operating in 2022. People consider Liquidity Hub as Ripple’s own version of a cryptocurrency exchange. San Francisco-based Ripple announced that it will be launching Ripple Liquidity Hub in 2022. According to a tweet, this platform will empower users to “source, trade, move, and manage” cryptocurrency assets. Ripple said that this hub will use “smart order routing” for enterprises to enable their customers to “buy, sell, and hold digital assets”. By and large, this will provide them additional revenue streams. Many in the crypto community interpret the platform as Ripple’s

1 min read
ripple launches first on demand liquidity
Ripple Launches First On-Demand Liquidity in Middle East

Ripple has partnered with Pyypl to provide the first ODL services in the Middle East. The partnership aims to significantly reduce costs for cross-border transactions. Ripple is already serving Middle East customers such as the Qatar National Bank and the UAE-based Al Ansari Exchange. Ripple has partnered with Pyypl (pronounced “people”), a blockchain-based fintech solutions provider that focuses on the Middle East region. The partnership will bring the first on-demand liquidity (ODL) in the region. According to an announcement, the ODL services will begin in the United Arab Emirates (UAE), with future plans including North Africa as well. Basically, the

1 min read
Ripple Invests $44M With Nelnet for a Greener Future

Ripple puts $44 million into Nelnet for a greener future.  Nelnet’s initiative focuses on powering the US with solar energy.  This clean energy fund hopes to give the world a more sustainable future. Ripple, the leading crypto and blockchain solutions provider has chosen to invest in Netnet Renewable Energy to bring forth a greener and more sustainable future. The latter is a Nelnet business focused on solar energy projects.  In detail, Ripple has put in $44 million in Nelnet’s solar energy investment fund. The clean energy brand is funding solar energy projects across the USA. Together, they hope to elevate

2 mins read
Ripple-Lawsuit
SEC Sunshine Act Meeting: Will Ripple Lawsuit Come to a Close?

The US SEC will hold a closed-door meeting on May 6. According to a document, the SEC will discuss resolution of litigation claims. The crypto community believes that the Ripple lawsuit is part of the discussion. The US Securities and Exchange Commission (SEC) is about to hold a closed-door meeting on May 6 to tackle various topics. Interestingly, many in the crypto community believe that the Ripple lawsuit settlement is not out of the window. According to an official document, the meeting, named Sunshine Act, will discuss the following topics: Institution and settlement of injunctive actions; Institution and settlement of

1 min read