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Ripple’s New IT Team in Iceland to Focus on New XRP-Based Product

  • Yuri Molchan
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    After Ripple purchased startup Algrim, the crypto giant plans to concentrate on developing On-Demand Liquidity with its new division 

Ripple’s New IT Team in Iceland to Focus on New XRP-Based Product
Cover image via 123rf.com

A few days ago, Ripple purchased Algrim, a platform located in Iceland that specializes in digital trade and has highly skilled developers. The crypto behemoth hired its staff for its new ambitious project that would directly utilize XRP.

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A new XRP-based project

The new team will be engaged in building its new product dubbed On-Demand Liquidity (ODL).

The new product is going to utilize XRP for instant international payments.

As reported by U.Today recently, Ripple has updated its website and removed all links to its products – xCurrent, xRapid and xVia.

However, on the xRapid page there is now information about On-Demand Liquidity and a quote from Ripple’s partner MoneyGram about the usage of ODL. This made many believe that Ripple is conducting major rebranding, changing the name of xRapid to On-Demand-Liquidity.

Also, recently, Ripple bought the payment operator Logos, aiming to build the Internet of Value together with it.

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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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