XRP News: Ripple Labs is on a global expansion spree despite facing legal troubles from the U.S. Securities and Exchange Commission (SEC). As the blockchain firm is making a move to spread in Europe, a major bank acknowledged its XRP Ledger (XRPL) as a game changer.
Also Read: US SEC Replaces Introductory Disclaimer; Another Win For Ripple?
HSBC, one of the world’s largest banks issued a report on Distributed Ledger Technology (DLT) in the Captial Markets. It highlighted the game changers and future trends in Securities Services. In the report, the bank cited how Ripple’s XRP Ledger is solving the problem of real-time cross-border settlements.
However, HSBC mentioned that its foreign exchange tool has handled more than 3 million inter company transactions in the first 6 years. These transactions are worth around $250 billion. HSBC reportedly holds around $3 trillion of assets under management. XRPL receiving a mention by such a big banking institution suggests the global adoption of Ripple’s technology. Read More XRP News Here…
Also Read: XRP Gains Outperforms BTC, ETH; Ripple Moves 900 Million XRP Back To Escrow
Ripple’s native crypto is on a whopping surge recovering from the decline caused the legal uncertainty in the United States. XRP price is up by 55% on the year to date (YTD) basis. However, most of the gain registered by the token comes in the last 2-3 months as Ripple Labs, defendants in the SEC lawsuit bagged several judgments in their favor.
XRP price jumped by more than 40% in the last 90 days. It is being reported as the biggest gain among the top 50 cryptos in the mentioned time period. It is trading at an average price of $0.52, at the press time.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The entire “command and control” apparatus for the ransomware group LockBit is now in possession of law enforcement, the UK’s National Crime Agency has re
European Union sanctions envoys met with counterparts from the US, UK and other countries to discuss additional ways of disrupting Russia’s
InnoScot Health will deliver a further three days of free personalised guidance for those looking to achieve regulatory approval for a medical dev
A landmark trial in the blockchain space is about to kick off in the U.K. high court, where a collective of U.S. big tech interests has taken action against a B