KFH Launches Cross-border Payment Services on RippleNet

Kuwait Financial House (KFH) has launched a cross-border payment service using RippleNet technology. This, according to the bank is part of its commitment towards adopting the latest financial technology to enhance customer banking experience.  As per the report, the cross-border payment service was developed to perform instant transfers to KFH-Turkey. KFH revealed that customers would be able to perform instant transfers to Turkey with zero transaction fees. Besides, KFH also plans to roll out the payment service to other countries…

Dutch Central Bank Hails Ripple’s Capacity For Real-Time Payments

De Nederlandsche Bank (DNB), which is Netherlands' central bank, has shown interest in Ripple's payment protocol. The bank hailed Ripple's network as an excellent infrastructure that can boost the Dutch payment system's efficiency and speed. DNB referenced research conducted by the National Forum on innovative ways to improve the Dutch retail payment system. The study found that Ripple could offer financial institutions such as banks the infrastructure needed to facilitate real-time payments. As per the research, Ripple's fast blockchain technology…

Lulu Exchange UAE Airs Its Partnership With Ripple and Federal Bank

Lulu Exchange UAE announced a partnership between Ripple and the Federal Bank of India to increase faster and cheaper real-time payments from the UAE to India. Since Ripple’s lawsuit led to big losses, these newsstands as a good shot for the company’s progress, the UAE is one of the world's leading countries in integrated communications technology. It is constantly advancing its telecommunication infrastructure to allow for greater Internet penetration, closing the gap between physical and digital solutions. UAE Is Innovating…

Ripple Is Thriving In South Korea Amid Its Legal Woes

Crypto data aggregator and research platform, Messari said that BTC & XRP are South Korea's most famous holdings.  The research derives its data from Bithumb, Coinone, and Corbit from the financial year 2019.  Ripple, the San Francisco-based blockchain service provider, has had a record-breaking 2020 with significant RippleNet transactions growth. The technology firm also reported the signing of 15 new RippleNet customers to close out 2020 despite the SEC's lawsuit. Ripple's CEO, Brad Garlinghouse, recently said  RippleX has now reached…

Ripple And Binance.US Transact 51.4 Million XRP, Despite Delisting XRP

According to data from Whale Alert, the blockchain decacorn Ripple, along with several Binance branches transacted more than 51 million XRP. XRP's downfall started when the SEC filed a lawsuit against Ripple. Meanwhile, Ripple called the allegations unfounded and vowed to respond to them in court in the coming weeks. The San Francisco-based company has repeatedly referred to the US SEC's claim as an attack on crypto. Ripple CEO Garlinghouse claimed the agency's actions directly benefited China. $13 million in…

Polkadot Becomes fourth-largest Cryptocurrency after Displacing XRP

Polkadot (DOT) has witnessed a massive bull run in recent weeks, and now the cryptocurrency has achieved a new milestone. Polkadot has managed to surpass Ripple and is now the fourth-largest cryptocurrency based on market capitalization. DOT price explodes and hits new all-time high The last few weeks have benefited all major altcoins, but some are doing better than others.  Polkadot (DOT) is one of the few that has recorded notable progress in setting new price records in recent days.…

SEC Director Enforcing Lawsuit Against Ripple’s XRP Resigns

Marc Berger, who served as acting Director of the Division of Enforcement at the Securities and Exchange Commission (SEC) for a short time, will conclude his tenor by the end of this month. Berger, who replaced Stephanie Avakian as an acting director of the Division after she departed from the SEC in December, will be stepping down. Mr. Berger joined the Commission as Director of the New York Regional Office in Dec 2017 before being named Deputy Director of the…

XRP Drops To Fifth on Coin Rankings As More Exchanges Delist it

Embattled cryptocurrency Ripple (XRP) faces new problems in 2021 following its legal case with the SEC. The value of XRP has plummeted in recent weeks, and the coin has now dropped to fifth on the coin rankings. XRP Facing Problems on All Fronts It is worth noting that it was only a few weeks ago that Ripple Labs received a lawsuit from the SEC. The US regulatory body had alleged that XRP is unregistered security and deemed sales of XRP…

Ethereum (ETH) Exceeds $1,000 – Altcoin Season is Coming

Bitcoin (BTC) price has experienced a massive rise in recent weeks, leaving altcoins in the dust. However, leading altcoin Ethereum (ETH) leads the charge, suggesting that the Altcoin season is on the way. Ether (ETH) Exceeds $1,000 and Is Approaching ATH Bitcoin has broken all its records and is now aiming for $35,000, with indicators suggesting further bullish movements. The interest of institutional investors has majorly been the driving force in the recent rise of BTC. The latter is also…

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