|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Ripple (XRP) Adoption Continues to Rise Globally, Despite Ongoing SEC Challenges
Oct 15, 2024 at 09:03 pm
Since the BRICS and Japan have pushed for XRP adoption, as reported by a recent CNF updates, despite ongoing regulatory challenges in the U.S
Amidst the ongoing regulatory challenges in the United States, Japan and the BRICS alliance continue to embrace Ripple (XRP) and its infrastructure, according to recent CNF updates. Notably, 80% of Japanese banks are now working with Ripple to enhance international payments, showcasing how far blockchain technology has advanced in traditional finance.
However, the SEC’s appeal against Ripple has not deterred Japan and the BRICS nations from adopting XRP, emphasizing its role in the global financial system, renowned analyst Crypto Tank pointed out.
In another CNF post, Ripple’s XRPL Japan and Korea Fund opened for applications, supporting blockchain innovation and community growth. Notably, Ripple has already processed over 20 million transactions totaling $30 billion, further boosting investor confidence.
Moreover, as discussions unfold, analysts believe XRP could eventually compete with SWIFT, which handles over $5 trillion in daily transactions, although Ripple still has a long way to go in catching up with SWIFT’s established global network.
Key Points:
• Despite ongoing regulatory challenges in the U.S., Japan and the BRICS alliance push for XRP adoption.
• 80% of Japanese banks are now working with Ripple to enhance international payments
• The SEC’s appeal against Ripple has not deterred Japan and the BRICS nations from adopting XRP
• Vladimir Putin recently announced a blockchain-based payment system for BRICS
• XRPL Japan and Korea Fund opens for applications, having processed over 20 million transactions totaling $30 billion
• Analysts believe XRP could eventually compete with SWIFT in the payments market
• XRP’s potential price trajectory is influenced by its growing global adoption, especially by institutional investors and major financial institutions
• Many experts argue that the SEC case is “irrelevant” for the global adoption of XRP
• With XRP's proven utility in cross-border payments, analysts foresee significant growth potential
• Discussions suggest that the token is undervalued compared to its current market prices
• As XRP captures more of the payments market, it could pose a viable alternative to SWIFT
• Overcoming SWIFT’s established trust and vast network remains a long-term challenge for Ripple
• As of today, Ripple (XRP) is trading at $0.5404, having surged by 0.35% in the past day and 2.15% in the past week.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Which Altcoin Is Set for Big Gains This October? Kaspa (KAS), Solana (SOL), or JetBolt (JBOLT)?
- Oct 16, 2024 at 12:20 am
- As we progress through October, many crypto enthusiasts are eagerly watching to see which altcoin is set for big gains. Could Kaspa (KAS) recover from its 23.3% drop last month? Will Solana (SOL) be able to sustain a steady pace amid criticisms? Or is JetBolt (JBOLT) set to be the next big thing with its stellar performance, having sold over 40 million tokens after only being in presale since August 2024?
-
- Ethereum (ETH) Welcomes Uniswap Chain To Improve Decentralization, Polygon (POL) Rebrand Disappoints As Holders Buy The Dip, Rollblock (RBLK) Bringing Transparency To The Gaming Masses With Blockchain Guarantees
- Oct 16, 2024 at 12:20 am
- Ethereum has outperformed Bitcoin during the last day of trading, as it is up 1.7% to reach $2.4k. Ethereum held up remarkably well during the recent Bitcoin dip
-
- Crypto Whales Target New Altcoin JetBolt (JBOLT) as Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE) Experience Price Swings
- Oct 16, 2024 at 12:20 am
- Billionaires have earned massive gains from buying Solana, Ethereum, and Dogecoin at the height of their early days. As these once-crypto giants experience price swings and mixed market sentiments today, a new player rises as the next big coin and target of whales: JetBolt (JBOLT).
-
- Bonk (BONK) Whales Are Betting Big on Mpeppe (MPEPE) Ahead of Bitmart Listing
- Oct 16, 2024 at 12:20 am
- Mpeppe (MPEPE) combines sports fandom, AI technology, and decentralized gambling into a single platform. This innovative approach has attracted a loyal community and raised over $3.19 million in its presale.
-
- DTX Exchange (DTX): The Next Big Thing?
- Oct 16, 2024 at 12:20 am
- DTX Exchange (DTX), listed among the most promising altcoins on the investment block, is an exchange-based cryptocurrency. That isn't all: it is set to make its mark in the crypto scene and the wider financial market, given its blend of TradFi and DeFi.