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Ripple News
Crypto-News-Flash
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UN Endorses Ripple and Stellar as Pillars of Future Global Payments Network
- The United Nations (UN) has endorsed Ripple and Stellar as crucial elements in the future global payment network.
- According to a video report, a three-phase model was outlined to integrate global payment networks.
- Ripple and Stellar would play a significant role in this future payment structure, connecting existing networks such as Swift, Visa, Mastercard, and Celo.
- The model includes phases like creating a globally distributed directory, tokenized compliance, and instant clearing and settlement using distributed ledger technologies.
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Crypto-News-Flash
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XRP Excitement Builds for Japan’s 2030 CBDC Amid Fears of Government Oversight
- Japan is expected to embrace Central Bank Digital Currency (CBDC) by 2030.
- Ripple, with its relationship with Japanese banks, could play a crucial role in this initiative.
- The movement towards CBDCs is unstoppable worldwide and Japan is likely to introduce it in the future.
- Concerns have been raised regarding economic privacy and the authoritarian element of CBDCs.
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Crypto-News-Flash
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Russia Central Bank Paper Highlights Ripple and XRP for Cross-Border Payment Solutions
- Russia’s Central Bank has highlighted Ripple and XRP for cross-border payments, indicating Ripple's increasing role in global financial systems.
- The report titled 'Digitalization of Payments and Implementation of Innovations in the Payment Market (2024)' emphasizes Ripple's prominence in global financial systems.
- While there is no confirmation of XRP adoption, the recognition by the Central Bank of Russia signifies Ripple's potential influence in international markets.
- Ripple's technology offers advantages such as cost savings and faster processing times, positioning Ripple to lead in the digital payments space.
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Crypto-News-Flash
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Ripple News: XRP Soars as Investors Question the Status of the SEC Appeal Deadline
- The SEC appears to have missed the October 16 deadline for Form C submission after appealing the ruling on XRP.
- The XRP community debates whether the deadline is on October 16 or 17.
- Ripple CLO Stuart Alderoty estimated October 16 as the deadline, while attorney Jeremy Hogan suggests it could be 24 hours from the filing date.
- Failure to meet the Form C deadline could have implications for the SEC's appeal, but XRP investors remain optimistic, leading to a 3% price increase.
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Crypto-News-Flash
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MoonPay Integrates Ripple to Boost XRP Token Functionality Amid Ongoing SEC Battle
- MoonPay has integrated with Ripple to boost accessibility and functionality of XRP despite Ripple's ongoing legal battles with the SEC.
- The partnership allows MoonPay's global user base to seamlessly buy, store, and manage XRP within the MoonPay ecosystem.
- This integration aligns with MoonPay's mission of making cryptocurrency more accessible and establishes them as a leader in the space.
- Despite legal challenges, MoonPay's partnership with Ripple demonstrates confidence in XRP's relevance and future prospects.
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Cryptonews
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Ripple to Revolutionise Crisis Relief with RLUSD Stablecoin and Blockchain Technology
- Ripple has partnered with the International Rescue Committee (IRC) in a $1 million, multi-year partnership to explore the use of blockchain technology in improving crisis relief.
- The partnership aims to leverage Ripple's cross-border payments solution and upcoming stablecoin, RLUSD, to enhance the speed and efficiency of aid distribution.
- Ripple's commitment will help the IRC explore direct cash relief programs and cross-border fund transfers, potentially transforming aid delivery at scale.
- The partnership comes after Ripple announced initial exchange partners for RLUSD and is awaiting regulatory approval for its global launch.
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Bitcoinist
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$7.5 Million In Bitcoin, ETH, XRP Powers Trump’s Latest Campaign Efforts
- A political action committee supporting former President Donald Trump has raised approximately $7.5 million in crypto donations since early June.
- Donations were received in Bitcoin, Ether, XRP, Tether, and USD Coin.
- Trump's acceptance of crypto donations marks a shift in his stance on cryptocurrencies.
- Major contributors include Coinbase, Ripple, and venture capital firm Andreessen Horowitz.
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Bitcoinist
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Ripple Vs. SEC Lawsuit Intensifies: Why Today Is Important And Could Affect XRP Price
- The legal battle between Ripple and the SEC continues to intensify.
- Today is an important date, as it is the final deadline for the SEC to file a Form C, outlining their appeal.
- Ripple will file its own Form C, presenting counterarguments, within seven days of the SEC's filing.
- The extended legal battle could have a significant impact on the price of XRP.
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Pymnts
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This Week in Web3: Usability and Network Expansion Drive Stablecoin Momentum
- Crypto is circling back to try its hand at payments again.
- The surging utility of stablecoins and advances in digital asset usability make merchant acceptance easier.
- Efforts to simplify blockchain processes improve Web3 usability.
- Stablecoins secure a central role in crypto's future as a bridge between fiat and digital assets.
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Crypto-News-Flash
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Ripple and International Rescue Committee Innovate Cash Relief and Cross-Border Aid with XRP Ledger
- Ripple Labs partners with the International Rescue Committee (IRC) to explore how XRP Ledger and RLUSD can facilitate humanitarian aid.
- Ripple commits a multi-year $1 million aid to support IRC's humanitarian efforts.
- The partnership aims to leverage blockchain technology in cross-border funds transfers and cash relief initiatives.
- Ripple has been actively contributing to charity, supporting financial inclusion initiatives and donating to relief efforts.
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Cryptoslate
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Ripple commits $1M to boost crisis aid with blockchain and RLUSD stablecoin
- Ripple has committed $1 million to enhance crisis aid and fund transfers using its RLUSD stablecoin and blockchain solutions.
- The partnership with the International Rescue Committee aims to leverage blockchain technology for humanitarian aid delivery.
- Ripple plans to focus on supporting cash relief programs and cross-border transfers in crisis zones.
- The RLUSD stablecoin will be backed by USD deposits and issued on the Ethereum and XRP Ledger networks.
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Bitcoinist
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Ripple CLO Predicts Timeline For SEC Appeal Resolution
- Stuart Alderoty, CLO of Ripple, predicts the timeline for SEC appeal resolution.
- The briefing process could extend until July 2025.
- SEC must submit Form C by October 16 to outline the aspects of the case it intends to challenge on appeal.
- Ripple will file a cross-appeal to ensure all arguments are presented.
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Bravenewcoin
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Ripple Secures 7 Major Partnerships Ahead of RLUSD Stablecoin Launch
- Digital asset companies Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish join Ripple as initial collaborators in supporting RLUSD stablecoin.
- B2C2 and Keyrock also on board to support RLUSD's liquidity as market makers.
- Ripple CEO Brad Garlinghouse expresses confidence in the stablecoin's potential and emphasizes its use in facilitating cross-border payments.
- RLUSD to be launched on XRP Ledger and Ethereum blockchains, backed by USD deposits and assets, with an advisory board including former FDIC Chair Sheila Bair and Ripple co-founder Chris Larsen.
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Crypto-News-Flash
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Bitnomial’s Botanical Platform Debuts With Ripple $25M Support
- Bitnomial has launched its Botanical platform, offering regulated crypto futures trading with support from a $25 million funding round led by Ripple.
- Ripple's RLUSD stablecoin will be used for settling perpetual futures on Botanical, enhancing trading stability within a compliant U.S. market.
- Bitnomial aims to provide a compliant and safe space for trading regular futures, options, and perpetual futures in the U.S. market, unlike decentralized exchanges.
- Botanical is currently in beta phase and offers early access to selected users, utilizing Bitnomial's CFTC-approved infrastructure for exchange and clearinghouse capabilities.
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Crypto-News-Flash
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BRICS Nations’ Move Away from U.S. Dollar Could Boost XRP, Says Expert
- The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, has agreed to reduce its reliance on the US dollar.
- Experts suggest that XRP, the digital asset associated with Ripple Labs Inc., could be a leading candidate for the BRICS if they decide to implement a digital currency as their payment system.
- XRP is known for its fast and low-cost international payments, making it suitable for streamlining transactions between member countries' diverse currencies.
- Other international organizations, such as the Commonwealth of Independent States (CIS), are also working towards reducing their dependency on the US dollar.
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