0
📰 News
2335 views

Ripple Gets 2 New Banks to Expand Adoption and Publishes List of Its XRP Customers

  • Yuri Molchan
    📰 News

    Ripple is taking another step to promote its xRapid tool for transnational fund transfers that do not require prepayments and reveals two new partners

Ripple Gets 2 New Banks to Expand Adoption and Publishes List of Its XRP Customers
Cover image via www.123rf.com
Contents

Ripple may be one of the most rapidly expanding ecosystems and one of those that often make their new steps public. Recently, the crypto giant has published a document with a list of its xRapid users that include the recently acquired MoneyGram.

The list includes six payment providers: MoneyGram, TransferGo, goLance, InstaReM, SendFriend and Mercury FX. These companies are using XRP for fast overseas payments and as a means for ensuring instant liquidity.

Besides, on the Ripple’s updated website there are two new banks that have joined its network recently.

Ripple’s partners
Image by www.ripple.com

Ripple adds two new partners

On the Ripple website that has been recently updated, there are two new institutions on the list of the partners that have joined RippleNet.

Interbank from Peru and Vitesse, based in the UK. Both these institutions are highly likely to start using Ripple’s xCurrent system for international payments. xCurrent is a rival system to SWIFT and does not utilize XRP.

Who runs on ripple

👉MUST READ

Bitcoin Price Bound to Surge Soon, Experts Say, as Fed Reserve to Print $75 Bln More Today

Bitcoin Price Bound to Surge Soon, Experts Say, as Fed Reserve to Print $75 Bln More Today

Ripple keeps fighting off its XRP security lawsuit

Earlier on Friday, U.Today reported that Ripple had appealed to the federal court that the judge should dismiss a legal class action against it.

The complaint was filed last year, claiming that XRP tokens bought on the sale in 2013 were unregistered securities. The Ripple’s legal team states that legal complaints of this kind can only be filed within three years after the sale.

Since investors pressed charges only in 2018, the lawsuit has expired Ripple’s lawyers say.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles
0
📰 News
188 views

Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
    📰 News

    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings