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Report: aya Ripple Ready to Revolution in Cross-Border Payments Rapor

A new report from Malaysia and Singapore-based trading center Edge Markets said Ripple would revolutionize the world of cross-border payments.

According to the report, RippleXRP based software solution xrapidcriticized because their transfers are generally slow and expensive Swiftis challenging.

Daha Better liquidity in terms of large financial institutions is a key advantage. Payments to parties in emerging markets, in particular, require globally pre-funded local currency accounts, resulting in high liquidity costs. With XRapid, payment providers and financial institutions use XRP to provide liquidity on demand, they can significantly reduce their capital requirements for liquidity. Ap

The report also emphasizes McKinsey & Company's research, which states that fintech companies have a transformative impact on the status quo of cross-border payments.

Inanıy McKinsey believes that continuous development in the open banking and e-commerce ecosystem will bring about a serious change in the coming years. Therefore, financial institutions have no choice but to fintech. "

According to Ripple's chief market strategist Cory Johnson, xRapid's speed and reliability are only a part of the equation.

R It takes only a few seconds for a single transaction in XRapid to complete, regardless of the origin or amount of the fund. Transaction fees are also quite low. Using the Ripple software, you only use the XRP for a few seconds, and the volatility in this few seconds is too small. Compared to traditional remittance, your money is held for days and you are more likely to face volatility. Geleneksel

The Belgium-based network Swift, which facilitates cross-border payments to 11,000 financial institutions in more than 200 countries, is working to improve its technology. The payment giant is launching a major update to the banking system. This shows us the competitiveness of competition. SWIFT might not have made such a move if Ripple had never been.

Or To be sure, Swift doesn't just stand up for them. On September 12, 2018, it provided a preliminary verification service based on secure application programming interfaces (APIs), predictive analyzes and artificial intelligence, which allowed customers to identify and resolve errors that delayed sending and activating banks. 201

To the full report from here You can reach.

Related Topics:finance kriptokılavuz cryptocurrency ripple XRP

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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.

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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.

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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.

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Source: Cointelegraph