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XRP Is The Most Important Means of Bridging Boundaries: Xpring VP of Engineering

  • Alex Dovbnya
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    Doug Purdy that states that the XRP token is the most effective tool when it comes to bridging geographical boundaries

XRP Is The Most Important Means of Bridging Boundaries: Xpring VP of Engineering
Cover image via www.123rf.com

During the very first annual academic convening of the University Blockchain Research Initiative (UBRI), VP of Engineering Doug Purdy showcased the power of the new platform that allows developers to integrate XRP and fiat payments.

During his presentation, he called Ripple’s native token “the most important” means to bridge boundaries.

We think that XRP will play a very important role in a federated heterogeneous world that we all know we live in.

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

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

Earlier this week, Ripple’s investment arm Xpring presented a software development kit for easily adding cryptocurrency payments to different apps.

On top of that, Ripple made an announcement about its partnership with payment processing giant Bitpay, thus letting thousands of merchants and developers accept XRP by the end of 2020.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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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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