With Ripple’s acquisition of Metaco, Ripple Custody now serves a growing number of banking clients, bolstering the adoption of the XRP Ledger. SG-FORGE stands out due to its early adoption of public blockchains and flexibility, unlike traditional banks. In the latest development, Societe Generale-FORGE has chosen the XRP Ledger in order to launch its EURCV…
Societe Generale‘s crypto subsidiary, SG-FORGE, has announced plans to extend its EUR CoinVertible (EURCV) stablecoin to the Ripple-backed XRP Ledger (XRPL), according to a Nov. 14 statement. According to the lender, XRPL’s swift cross-border payments and efficient asset tokenization capabilities make it an ideal platform for EURCV’s continued growth. SG-FORGE explained that XRPL’s 3-5 seconds…
The recent launch of First Ledger is reported to have contributed to the highest single-day new token issuance of 213 on the XRP Ledger (XRPL), dwarfing the October 2021 record high. 1,564 new tokens have so far been created in the last eight days with only four of them surpassing a market cap of $1…
Korean blockchain software firm Peersyst Technology announced that MetaMask users can interact with XRP Ledger (XRPL) via XRPL Snap Integration. As MetaMask has more than 30 million users, this improvement is expected to help XRP bearers work with decentralized applications. Users will be equipped to develop tools for transferring tokens in the XRP network and…
A renowned journalist has disclosed that Japan could start a full implementation of its Central Bank Digital Currency (CBDC) by 2030. Reports also allege that Ripple could be at the center of this development as it has an extensive relationship with Japanese banks. Excitement builds around the XRP community as Japanese Journalist Shinichi Morikawa discloses…
If XRP captures a small fraction of SWIFT’s transaction volume, its price could surge significantly, potentially reaching $100. Widespread adoption and regulatory clarity remain critical challenges for XRP to rival SWIFT’s global dominance. In line with the development where Ripple enhanced the XRP Ledger (XRPL) with the launch of new Batch Devnet Servers, as CNF…
Ripple has announced updates to Ripple Custody, enhancing its “bank-grade” custody technology. The latest features include a transaction screening service integration, additional hardware security module (HSM) options, and an XRPL integration for tokenizing Real World Assets (RWA). Ripple Custody now supports the tokenization of various assets, enabling businesses to manage cryptocurrencies, fiat currencies, and real-world…
Ripple Labs, the San Francisco-based blockchain firm, has introduced new features and integrated compliance functionality that bring bank-grade custody technology to its crypto custodial services, according to an Oct. 10 statement. Ripple stated that the new features include hardware security module (HSM) options, pre-configured operational and policy settings, as well as advanced anti-money laundering (AML)…
XRP’s price fell over 4% to $0.5843 despite the positive Bitwise ETF filing news. Ripple’s unlocking of 1 billion XRP tokens from escrow has raised investor concerns about increased supply, putting downward pressure on the price. The price of XRP has slipped over 4% in the last 24 hours, despite a positive announcement regarding Bitwise…
October 1, 2024 at 01:42 PM GST updated: October 1, 2024 at 01:43 PM 2 mins read News Meld Gold and Ripple completed their first on-chain asset transaction on the XRP Ledger in September 2024. The partnership enhances institutional access to secure and scalable DeFi services on the XRP Ledger. Future upgrades include a patent-pending…
Analysts delve deep into the movement of XRP above a six-year symmetrical triangle pattern and other smaller triangles in the quest to set a new all-time-high price. Two different crypto analysts have tipped XRP to trade between the range of $7 and $20 in the next bullish cycle. Ripple’s XRP makes a significant move to…
Xaman Wallet’s version 3.0 introduces a revenue-sharing program to support developers and enhance the XRPL ecosystem. The new update offers a threshold-based model, universal transaction signing, and enhanced accessibility for developers and users. The XRPL-based wallet, Xaman Wallet, has released version 3.0, which marks a huge step forward by introducing a monetization model that splits…
September 16, 2024 at 12:50 PM GST updated: September 16, 2024 at 12:16 PM 2 mins read News Bitstamp will launch a crypto derivatives exchange, closely collaborating with Ripple, within the next few months. Ripple and Bitstamp have strengthened ties, following Ripple’s acquisition of a stake in Bitstamp from Pantera in 2023. Robinhood’s acquisition of…
Ripple’s introduction of the EVM sidechain aims to strengthen XRP Ledger’s ecosystem by attracting Ethereum developers and expanding cross-chain decentralized applications. The recent market cap drop highlights XRPL’s evolving landscape, with Ripple focusing on innovation through smart contracts and the RLUSD stablecoin. Ripple’s XRP Ledger (XRPL) ecosystem has lately experienced a dramatic collapse, with its…
The fixAMMv1_1 amendment on the XRPL has attained 82% consensus with 29 “yes” and six “no” after entering the 14-day activation window. If this level of consensus is maintained in the next two weeks, the amendment will be implemented, subjecting the Automated Market Maker (AMM) functions to changes. The latest report from the XRP Ledger’s…
September 11, 2024 at 03:45 AM GST updated: September 11, 2024 at 02:06 AM 2 mins read News XRPL’s fixAMMv1_1 gains 82.86% validator approval, refining AMM for deeper liquidity and better trading efficiency. With 29 of 35 validator votes, fixAMMv1_1 nears activation, set to enhance XRPL’s decentralized trading via improved AMM functionality. XRPL’s fixAMMv1_1 aims…
Ripple Labs’ XRP Ledger (XRPL) has set a key DeFi milestone as its Total Value Locked (TVL) rebounded from previous lows. Recent DefiLlama data shows that XRPL’s TVL now stands at $14.97 million. Though this figure pales compared to its rivals, it shows success considering its historical trends. XRPL DeFi TVL Grows from Previous Lows…
Yonsei University in South Korea has joined Ripple’s University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research across various disciplines, including artificial intelligence, finance, information systems, and management. Supported by Ripple’s funding and resources, Yonsei University will…
Ripple has minted the first 185 tokens of its RLUSD stablecoin on the XRP Ledger, just weeks after it first announced that it had started beta testing the project. The company also minted 200 stablecoin tokens on Ethereum, the other network where it’s set to launch the project. Ripple has minted the first tokens of…
Ripple is rapidly expanding its international footprint through global partnerships and focusing on expanding the use of the XRP Ledger. Ripple is advancing in South America with its CBDC platform, collaborating with the Bank of Colombia and Brazil’s Fenasbac. Blockchain startup Ripple has been making every possible effort lately to promote the adoption of its…
Ripple launches Batch-Devnet Servers, boosting XRPL’s development with enhanced testing capabilities. New Batch Transactions feature on XRPL streamlines complex operations, aiding NFT minting and more. Ripple Labs developers are taking significant steps to enhance the XRP Ledger (XRPL). Following the new era for XRPL we discussed earlier, Ripple and Archax are working to tokenize millions…