News

Ripple Will Now Be Used in More Than 200 Companies

Ripple Artık 200'den Fazla Şirkette Kullanılmaya Başlanacak

Banks Switch to Ripple

Euro Exim Bank, a London-based bank focusing primarily on providing financial services to export and import companies, XRP it will be the first bank to publicly announce the use of crypto currency for cross-border payments.

Ripple Tuesday his statementJNFX, SendFriend, Transpaygo and FTCS will benefit from the XRP for cross-border transactions, along with Euro Exim Bank's payment initiations. In addition, Kuwait Bank, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual / USEND and Rendimento, RippleNet signed.

As a result

Initially, according to Tuesday's statement, there are more than 200 customers worldwide.

Ripple CEO Brad Garlinghouse said the company is currently signing two to three customers a week, and customers who pay with Ripple last year saw an increase of 350 percent.

”We're starting to see more customers willing to do this and benefit from the XRP for liquidity on demand.“

she added.

Director of Euro Exim Bank Kaushik Punjani

Bank's customers have traditionally performed transactions quickly and cost-effectively. This problem goes back to both large companies and individual senders, he said:

Meslek Working in collaboration with Ripple and his distinguished colleagues in record time, both xCurrent and xrapidWe've designed, tested and implemented, and we're waiting for the benefits that they can bring to our customers. '

David Lighton, co-founder of SendFriend, likewise began to focus on cheap cross-border payments as the main benefit of using xRapid.

Ripple Will Now Be Used in More Than 200 Companies

Le A distributed notebook-based solution that takes advantage of Ripple's XRP presence allows us to edit transactions in real time with lower capital requirements and lower costs. We are proud to partner with Ripple to offer our customers cheaper, faster payments to the developing world. M

Many other companies have started using xRapid, which uses the XRP encryption currency for international payments, including MercuryFX, Cuallix and Catalyst Corporate Credit Union. However, while three companies offer financial services, none have a banking license such as Euro Exim.

In the past, other companies such as Western Union, MoneyGram, Viamercias, and IDT have tried xRapid, but the platform is not being used.

Source: Coindesk

Related Topics:blockchain news heading ripple ripple news XRP

Up Next

ETC's 51% Attack Sent $ 100,000 to the Gate.io Stock Exchange

Don't Miss

1. The Place Preferred by Crypto Paraclar

Oğuzhan Gökduman

Click to comment

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph