An announcement has been made by a Japanese bank, Resona regarding their collaboration with Ripple, along with the app named Money Tap by SBI Holdings. The collaboration made with the important key players in the blockchain industry and financial services company aims to provide the customers with a reliable payment solution instead of relying on the platform established by startups.
A swiftly growing cryptocurrency company, Ripple have shared their plan to expands their business and services to more countries located in Southeast Asia. The senior VP of global operations Ripple, Eric Van Miltenburg explained: “Southeast Asia, in particular, is an incredibly important market for the company, given interest from regional banks in using blockchain for payments.”
Xago (a money transfer operator based in South Africa) has planned to apply Ripple blockchain powered RippleNet to boost financial inclusion by providing fiat and digital assets transfer both locally and globally. In its Statement, “The potency of Ripple as an enterprise blockchain solution that breaks barriers like low speed, inefficacy and high transaction cost,”
The International Association of Trusted Blockchain Applications (INATBA, an European Union Blockchain group) was launched in Brussels, Belgium along with SWIFT, IBM, Ripple and around 100 other firms and organizations. The main aim of the initiative is to boost blockchain adoption and developing blockchain best practices and standards in 28 EU member nations.
A Canadian cryptocurrency exchange, CoinField have shared that they have chosen Ripple(XRP) to become its base pair for over 130 cryptocurrencies. In their social media account, “We’re glad to announce 130+ new coins have been successfully integrated to our TESTNET and will be added to CoinFieldEX eventually once our legal evaluation & security review is done. We will offer these new coins in both fiat & XRP.”
A cryptocurrency wallet backed by Binance, Trust Wallet has recently shared that they will begin supporting ripple XRP in the platform as per mention in its official blog reports. The official announcement made by Trust Wallet then explained, “To fund a new address, you must send enough XRP to meet the reserve requirement. The current minimum reserve requirement is 20 XRP.”
A crypto exchange, Huobi Global announced that it will be adding Ripple (XRP) trading to its peer-to-peer over-the-counter (OTC) trading platform. XRP will be the sixth cryptocurrency listed on Huobi OTC along with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), EOS (EOS) and Huobi Token (HT). Huobi OTC provides a secure bridge between fiat currencies and digital assets between two parties.
The CEO, Strategic Business Innovator Group (SBI), Yoshitaka Kitao has made his prediction regarding the adoption of Ripple’s XRP. Kitao referring to Ripple’s XRP said, “Therefore, in such a meaning, it seems that the use of Ripple ‘s technology will gradually become used in the form of using “XRP” in the international money transfer field.”
An international currency exchange provider, Mercury FX have shared that they’re implementing the technology offered by Ripple’s XRP, xRapid to expand to ten new payment corridors. Their plans for the Middle East and Canada, imminently. They think that xRapid and Ripple brings is access to new markets that perhaps aren’t actually accessible now.
A cryptocurrency start-up based in Israel has revealed possible partnership could be established between eToro and Ripple. The CEO of eToro, Yoni Assia then commented, “I think as a fintech company it’s very important for us to foster relationships with other fintech companies. Obviously, as we’re one of the largest trading platforms on Ripple.”