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Ripple Partners with Finastra Startup to Let It Use XRP and Access Global RippleNet Customers

  • Yuri Molchan
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    The cryptocurrency giant Ripple has teamed up with yet another payment startup to help it integrate its blockchain technology and XRP for instant transnational payments

Ripple Partners with Finastra Startup to Let It Use XRP and Access Global RippleNet Customers
Cover image via news.u.today

On October 9, Ripple shared news about its new collaboration. The new partner is Finastra company that provides payment services. Ripple will help it integrate its blockchain technology to accelerate transnational payments and will provide access to over 200 financial institutions around the world that work with RippleNet at the moment.

The companies and banks working with Ripple will also have access to the hundreds customers of Finastra around the world.

Ripple will enable Finastra’s customers to conduct overseas payments, track them on the end-to-end basis, see all the ongoing fees, status and time of delivery.

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Finastra’s clients will also have an optional access to using Ripple’s new product On-Demand Liquidity that utilizes XRP. A high-ranking Ripple executive says:

“We’re thrilled to be partnering with a forward-thinking company like Finastra to bring Ripple’s technology to their many customers.”

Feel free to share your opinion on this new Ripple collaboration in the comment section below!

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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.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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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.

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