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And Ripple continues to grow
Ripple to set up payments corridor between Europe and Mexico
Through this collaboration, Ripple intends to improve business-to-business payments using RippleNet's ODL—a liquidity platform fueled by the XRP cryptocurrency.
FINCI has become the first customer of Ripple in Lithuania, a leading fintech hub in Europe that has been growing fast as of late.
Thanks to this collaboration, FINCI intends to facilitate fast and low cost payments between Europe and Mexico for its clients.
FINCI boss Mihails Kuznecovs said in an interview that the goal of his company is to eliminate hidden obstacles and inefficiencies that hinder seamless cross-border payments, and here their goals match with those of Ripple.
He added that the use of Ripple's ODL (On-Demand Liquidity) service will enable the FINCI to make lots of operational improvements and savings, which will later be put back into the business in order to improve it in general.
Ripple already has several ODL corridors running in various regions, which includes Europe, Japan, the Philippines, Australia and Mexico. In Mexico, it uses local crypto exchange Bitso as an ODL service provider. As per data shared by Ripple recently, ODL is now present in 22 destination markets.
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ODL's popularity in EU on the rise, Ripple says
Ripple has been spreading the word that, recently, the popularity of its products and services has risen significantly in Europe as blockchain is becoming used more and more often for payments in the EU.
As per recent research done by Ripple, in the near future, almost 60% of financial institutions in Europe intend to leverage blockchain to conduct payments.
I feel XRP has to win the lawsuit before the BIG crash happens. I bet we see $10 after lawsuit ends soon, then down to 0 when the big crash happens, which will be Tether “breaking” or being hacked like Terra just did, that will take down Binance and Ethereum, btc, US$ and all stocks.. then the Phoenix rises, XRP explosion to the hundreds or thousands. BUT, XRP has to be proven in court as a winner, that it passed SEC investigation/regulations before it can be implemented as the solution to world currency, banks, etc. when the “reset” happens. when everything & XRP Goes to 0 in the big crash, people will not be able to buy XRP because nothing will be worth anything at that time. Then the “phoenix rises”
I feel like I just cracked the code.
Its simple math. Present government is deliberately attacking its own country in an effort to breakdown America through a Pandemic followed by an inflationary bomb and a war we have no business sponsoring. Why on earth in times when Americans need help is this administration capitulating the economy? Its akin to how a communist regime works. By commanding and demanding how and what we do with our lives and crippling us financially they are stongarming us into submission. Get vaxed, do not disagree with us or we will fire, shame and call you a racist. Its appalling, disgraceful and downright disgusting what the present administration has done to our Great America. So put you blinders on and turn an eye or speak out and defend your rights and freedom to be what we all are or were, proud Americans.
D J D
Coinbase is a public traded company. Filed with Sec. They make these statements about bankruptcy that they could use your crypto for the bankruptcy proceedings. Lawful or unlawful, where is The Sec at for protecting people. They are worried about Xrp being a security, what about protecting us if Coinbase files bankruptcy
Just bought 5000 more XRP.
who knows what the crypto world has in store.
But now i'm happy with my position.
that is all.
It's all part of the bigger plan.. the SEC lawsuit is a smoke and mirrors play... XRP will be the "only" US backed crypto! You shall see.. no case in SEC history has been stalled like this one... 2yrs.. c'mon.. "Open Your Mind"
I got nothing... just felt like posting a meme...
Protest SEC Corruption
Justice Delayed is Justice Denied - Gary Gensler
Is this declining another 50% from this moment?
I'm a long-term holder that has been accumulating for 4+ years now. Never sold a single XRP and don't care to day trade (although there is a ton of opportunity and risk to do so, just not interested). The fact that the SEC is beefing up their enforcement staff tells me the case is 'close' to an end and they will be on attack. The closing of this case will set precedent and they will be going after all the crud-coins. Doge and Shiba beware. They may even go after Eth. Only a matter of time people. Light at the end of the tunnel.
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The only thing that keeps me sane at moments like this, is that I’m not in this alone. We going to HOLD!! And add more
Once again for the fourth time, the SEC tries to hide this from the public, even after Empower has found definitely conflicts of interest with Hinman. Corruption within the SEC is a making buyers/public of XRP to pay a huge price domestically and internationally not to say the effect it is having on Ripple and our roll out making cheaper movement of money? IS the SEC protecting banks for higher transaction costs or the consumer as they are supposed to be. Another example of corruption with the SEC?
Why would they just acquire a new headquarters building in San Francisco?
SEC and US Regulators are manipulating all equities. Good search AMC NY Fed Short Selling. Wild times. 1929 forever.
Be patient with XRP and it will reward long term holders just like how BTC was used to buy two pizzas in 2010! 😄
not worried at all. youtube guy say $589.
Hold this 10 years for 30x
Garlinghouse speaks to Bloomberg:
“I think that the Howey Test is being stretched beyond recognition again… So, the idea that XRP, which we use as a currency, is a security, I think is, you know, just misguided.
“But look, unfortunately, Ripple is already operating in a world where it’s as if we have lost, right? So, in the United States, XRP has all for all intents and purposes, there’s no liquidity. It’s been halted and frozen on most US based exchanges.
“Despite that fact, Ripple had a record year last year. We continued to grow very quickly across our major product groups. Even Q1 was a record for us. Now, unfortunately, that growth is almost all coming from outside the United States, and we are in hiring more and more people outside the United States, but our customer base now is about 95% non US payment companies.”
The Ripple CEO was also asked how those customers outside the U.S. are using digital asset XRP.
“The demand for our core product, which uses XRP to facilitate these cross-border payments, grew 8X year over year. So, from Q1 last year to Q1 this year, it grew 8X, and that’s off a base already, measured in the billions. So, from our point of view, demand has skyrocketed.“
WOOHOO Only $588.62 shy of our target ... Let's Go!
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