RippleNet Archives - Cryptolifedigital

Ripple’s Chief Legal Officer Responds to SEC Lawsuit Confusion, Invites Legal Experts for Analysis

1Aug

By Daniel AbangNo Comments

XRP News

Ripple’s Chief Legal Officer Responds to SEC Lawsuit Confusion, Invites Legal Experts for Analysis

In a recent tweet, Ripple's Chief Legal Officer, Stuart Alderoty, addressed the widespread confusion surrounding a recent ruling in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and TerraForm Labs. The lawsuit involved a legal dispute over the classification of cryptocurrencies, particularly Ripple's XRP. The confusion stems from a ruling made by U.S. District Judge Jed Rakoff, who rejected TerraForm Labs' attempt to use a previous decision by Judge Sarah Netburn Torres in the Ripple case as a legal precedent to dismiss the SEC's lawsuit against the company and its founder, Do Kwon. Read Also: Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool https://twitter.com/s_alderoty/status/1686161058770403328 Judge Torres' decision in...

FOMO Pay To Use Ripple’s On-Demand Liquidity (ODL) Technology To Enhance Its Treasury Payments

26Jul

By CryptolifedigitalNo Comments

Blockchain

FOMO Pay To Use Ripple’s On-Demand Liquidity (ODL) Technology To Enhance Its Treasury Payments

In a Monday update by Ripple, a blockchain company announced its partnership with FOMO pay, one of the leading payment institutions in Singapore. With this collaboration, FOMO Pay will be able to enhance its treasury remittances via Ripple’s On-Demand Liquidity (ODL) technology and gain persistent proximity to liquidity for the euro and the U.S. dollar. Long before the partnership of FOMO Pay with Ripple, the transaction of the company has to wait days to reach the destination account due to the inefficient mode of payments. Fortunately, the partnership has turned the table, FOMO Pay now has all-time access to the liquidity for euro and USD through their leveraging ODL for treasury payment. As stated by Louis Liu, the founder, and CEO of FOMO Pay: “As one of the leading payment i...

Ripple’s Partner, QNB is Connected With The China Bank Via RippleNet

25Jul

By CryptolifedigitalNo Comments

Ripple News

Ripple’s Partner, QNB is Connected With The China Bank Via RippleNet

As stated by a Twitter handler, Navin Gupta, a connection is established between Ripple Partner, QNB with the China Bank, on the top private universal banks in the Philippines via RippleNet. https://twitter.com/GulfTimes_QATAR/status/1551224422614302720 As stated by Gulf-Times, the new partnership will allow the bank’s users to have an easy remittance process as well as a fast and enhanced cross-border transfer option. Through this service, the Filipino people in Qatar would be able to send instant funds which are up to PHP50,000 to any bank within the Philippines. According to the Navin Gupta, the Managing Director, South Asia, and MENA, at Ripple: "QNB is our biggest partner in the MENA region and we are delighted to continuously strengthen this partnership on RippleNet to...

$XRP: RippleNet General Manager: We Have Bigger Ambitions Than Replacing SWIFT

30May

By Cryptolifedigital1 Comment

Cryptocurrency

$XRP: RippleNet General Manager: We Have Bigger Ambitions Than Replacing SWIFT

Lately, Asheesh Birla, General Manager of RippleNet, at Californian FinTech firm Ripple, spoke to journalist Kathy Chu, who is currently Senior Crypto Correspondent at news organization TruthDAO. In the course of the interview, which was released last Thursday (May 26), the RippleNet GM made several interesting comments. Below are a few highlights. Read Also: Hoskinson Points Out That Network Activity for Cardano Is Second Only to Bitcoin On U.S. SEC’s Lawsuit Against Ripple Labs “I think… the entire crypto industry is looking at this case to set precedence. So, I think it’s not important just for Ripple. I think it’s important for the entire crypto industry… “In terms of how it’s impacted us, we are coming off of record growth in our business and in Rip...