SCB Thailand Launches Ripple Transfer Service, Is XRP Adoption on the Way?

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SCB Thailand Launches Ripple Transfer Service, Is XRP Adoption on the Way?
SCB Thailand bank was noticed to use Ripple service for transferring money. The bank acknowledged that and asked to wait for further announcements.
SCB Thailand Launches Ripple Transfer Service, Is XRP Adoption on the Way?

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Source: CoinSpeaker

Ripple: Cryptocurrencies can reduce friction in global commerce, claims CEO Brad Garlinghouse

Given the constant disregard for cryptocurrency and blockchain by financial institutions, prominent crypto-leaders have personally been preaching the technology for furthering global adoption. One such figure is Ripple’s CEO, Brad Garlinghouse.
Ripple’s Garlinghouse has always made an effort to minimize the common man’s speculation around tokens. Recently, he made headlines for sharing similar views on Recode Decode, where he said,
“You went from illicit activity to speculation, and today you’re going from speculation to utility.”
While exhibiting his support for cryptocurrency adoption, Garlinghouse made it clear to viewers that he did not expect banks and governments to “be obliterated by the new technology”. He also shared his vision for the future, stating that the system can be changed only by working with the system.
The Vox interview also touched upon Garlinghouse’s claim that crypto-adoption would result in the direct reduction of friction in global markets. He said,
“These are profound technologies that can really benefit society in lots of ways. We can reduce the friction of global commerce, we can allow people globally more access to the economies around the world to compete. I think that’s actually a really good thing.”
He further argued that different currencies, including fiat and crypto, could find specialized use-cases for different things. Along the same lines, he also supported Bitcoin [BTC] investments alongside developments in the XRP ecosystem, as he believed that both work best owing to their unique use-cases. The interview finally ended with Garlinghouse mentioning this on a cautious note:
“Focus on the substance, not the hype. It’s going to impact lots of parts of lots of industries in the same way the internet impacted lots of industries.”
The post Ripple: Cryptocurrencies can reduce friction in global commerce, claims CEO Brad Garlinghouse appeared first on AMBCrypto.
Source: AMB Crypto

Banks Love Ripple (XRP), Demand Could Drive Prices $0.80

Ripple (XRP) up 27.3 percent
Brad Garlinghouse says Ripple ready to work with banks and regulators

In an interview with Recode Decode podcast, Brad Garlinghouse once again reiterated their will of working with regulators and not against them. Meanwhile, prices are stable with XRP trading below Q1 2019 lows.
Ripple Price Analysis
Fundamentals
By design, Ripple Inc solutions are meant to meet the demands of Banks and financial institutions. That is a goal Brad Garlinghouse is working towards achieving. Although there are regulatory challenges, especially on the interpretation of whether Ripple (XRP) is a security or a utility, supporters are of the view that the asset is a utility.
However, the silence of the US SEC is deafening despite other jurisdictions allowing firms to roll out XRP derivatives. In an interview with Recode Decode podcast with Kara Swisher, Brad Garlinghouse expressed his deep desire of working with regulators and banks.
“I don’t think banks […] governments will go away. Banks are applying a very important regulatory framework that I actually think is important for society. I personally believe that banks will continue to serve that role; they’re good at it […] I think this is a new set of technologies that they can benefit from to grow their business.”
Adding that,
“99 percent of banks love what we’re doing because we’re democratizing something that’s controlled by a small number of banks, their competitors.”
Candlestick Arrangement

At the time of press, Ripple (XRP) is up 27.3 percent from last week’s close but down 2.7 percent in the previous day. All the same, the trend is up and at a vantage point are bulls aiming for 40 cents and higher in days ahead.
Guiding our stance are fundamentals in the last few weeks. Aside from Garlinghouse comments, adoption is picking up, and it’s only a matter of time before banks connected with the RippleNet upgrade to xCurrent version 4. That will push demand.
Once prices break above Q1 2019 highs, as bulls snap back to trend after late last week’s correction of May 15th and 16th overvaluation, odds are XRP will rally to our first targets of 60 cents in a trend continuation phase confirming demand of Sep 2018. Meanwhile, risk-off, aggressive traders can load up on dips with tight stops at around 34-36 cents.
Technical Indicator
Momentum is building up, and our reference bar is May 14th bull bar. It is wide-ranging with high volumes of 187 million. Any break above May 15th high ought to be with high transaction volumes above recent averages of 68 million and ideally, above 187 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post Banks Love Ripple (XRP), Demand Could Drive Prices $0.80 appeared first on NewsBTC.
Source: New feedNewsBTC.com

Banks Love Ripple (XRP), Will Demand Drive Prices to 80 Cents

Ripple (XRP) up 27.3 percent
Brad Garlinghouse says Ripple ready to work with banks and regulators

In an interview with Recode Decode podcast, Brad Garlinghouse once again reiterated their will of working with regulators and not against them. Meanwhile, prices are stable with XRP trading below Q1 2019 lows.
Ripple Price Analysis
Fundamentals
By design, Ripple Inc solutions are meant to meet the demands of Banks and financial institutions. That is a goal Brad Garlinghouse is working towards achieving. Although there are regulatory challenges, especially on the interpretation of whether Ripple (XRP) is a security or a utility, supporters are of the view that the asset is a utility.
However, the silence of the US SEC is deafening despite other jurisdictions allowing firms to roll out XRP derivatives. In an interview with Recode Decode podcast with Kara Swisher, Brad Garlinghouse expressed his deep desire of working with regulators and banks.
“I don’t think banks […] governments will go away. Banks are applying a very important regulatory framework that I actually think is important for society. I personally believe that banks will continue to serve that role; they’re good at it […] I think this is a new set of technologies that they can benefit from to grow their business.”
Adding that,
“99 percent of banks love what we’re doing because we’re democratizing something that’s controlled by a small number of banks, their competitors.”
Candlestick Arrangement

At the time of press, Ripple (XRP) is up 27.3 percent from last week’s close but down 2.7 percent in the previous day. All the same, the trend is up and at a vantage point are bulls aiming for 40 cents and higher in days ahead.
Guiding our stance are fundamentals in the last few weeks. Aside from Garlinghouse comments, adoption is picking up, and it’s only a matter of time before banks connected with the RippleNet upgrade to xCurrent version 4. That will push demand.
Once prices break above Q1 2019 highs, as bulls snap back to trend after late last week’s correction of May 15th and 16th overvaluation, odds are XRP will rally to our first targets of 60 cents in a trend continuation phase confirming demand of Sep 2018. Meanwhile, risk-off, aggressive traders can load up on dips with tight stops at around 34-36 cents.
Technical Indicator
Momentum is building up, and our reference bar is May 14th bull bar. It is wide-ranging with high volumes of 187 million. Any break above May 15th high ought to be with high transaction volumes above recent averages of 68 million and ideally, above 187 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Source: New feedNewsBTC.com

Ripple Pushes Its XRP-Powered xRapid Solution to Argentina and Brazil

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Ripple Pushes Its XRP-Powered xRapid Solution to Argentina and Brazil
Ripple’s xRapid, cross-border payment solution powered by XRP, forays into the new markets: Brazil and Argentina are now in its list.
Ripple Pushes Its XRP-Powered xRapid Solution to Argentina and Brazil

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Source: CoinSpeaker

Ripple (XRP) Soar, Up 44.2 Percent and $7 Billion Away from Flipping ETH

Ripple (XRP) rally, add 44.2 percent
An Ethereum (ETH)—Ripple (XRP) flip could happen in days

After a six-month consolidation, the stage is ready for Ripple (XRP). Up 44.2 percent at the time of press, XRP is closing in on Ethereum (ETH) and could flip the asset if there is a ballpark 25 percent price increment. At this pace, bulls should set their targets at 80 cents and even $1.40.
Ripple Price Analysis
Fundamentals
Before May-14, Ripple (XRP) performance had been lackluster. Underperforming Bitcoin (BTC) and other top-10 liquid assets, observers said the XRP was decoupling to the delight of Brad Garlinghouse, the CEO of Ripple Inc. In his view, the final decoupling from Bitcoin would be mainly because of the “investor rationale.” That will be when investors would appreciate what each project brings to the table. While talking to CNBC, the crypto leader said:
“There’s a very high correlation between the price of XRP and the price of Bitcoin, but ultimately these are independent open-sourced technologies. It’s early, over time you’ll see a more rational market and behaviors that reflect that.”
He further adds that most crypto assets will “disappear” in a decade because the sphere “is still a nascent industry, the speculation in the market dominates the trading activity. I think it’s a matter of time until people better understand the different use cases.”
However, with CoinBase Pro decision to support XRP trading in the stringent, compliance demanding state of New York is a big boost for the asset. To some extent, it does clear XRP of the “security” tag, allowing for unbridled investment in the world’s third most liquid asset.
Candlestick Arrangement

 
At spot rates, XRP is trading above 40 cents with a market cap of $18,076million,up 44.2 percent in the last week and closing on the ETH gap. Besides the injection of buy pressure, what’s worth noting is that prices are now trading above two critical resistance levels at the back of high participation levels.
Because of this sharp spike, all our XRP/USD trade conditions are right. As a result, the best course of action is to fine-tune entries in smaller time frames with the first modest target at 60 cents and later 80 cents.
On the flip side, in case there is a correction, ideal buy zones will be anywhere between 35 cents and 40 cents in a retest trade.
Technical Indicators
Since Sep 2018 bulls are back—analysis from an effort versus result point of view, supportive of buyers as prices are still consolidating inside Sep 2018 high low. Anchoring our trade is May-14 wide-ranging, bull bar with 187 million against 35 million. In a trend continuation, we expect XRP to close higher with equally high volumes ideally above 100 million.
Chart courtesy of Trading View
The post Ripple (XRP) Soar, Up 44.2 Percent and $7 Billion Away from Flipping ETH appeared first on NewsBTC.
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Multibillion Banking Giant SABB Launches Cross-Border Transfers with Ripple’s XRP

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Multibillion Banking Giant SABB Launches Cross-Border Transfers with Ripple’s XRP
SABB notes that the instant cross-border payment service powered by the Ripple blockchain network will help to bring digital transformation and better customer experience.
Multibillion Banking Giant SABB Launches Cross-Border Transfers with Ripple’s XRP

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Source: CoinSpeaker

Ripple joins International Association for Trusted Blockchain Applications as founding member

Ripple, the cross-border payments giant spearheaded by the San Francisco-based technology company Ripple Labs, is set to have a say in Europe’s blockchain aspirations. The International Association for Trusted Blockchain Applications [INATBA], has announced that Ripple will be included as a founding member of its organization.
The INATBA is a body of small and medium enterprises [SMEs], policy-makers, regulators and civil-standard setting organizations that have joined forces to build effective regulation within the blockchain and cryptocurrency industries. It allows notable voices in the virtual currency field to effectively communicate with each other and further adoption, both at the corporate level and at the sovereign level.
Brad Garlinghouse, the CEO of Ripple called the inclusion an “honor,” and a “privilege,” adding that regulators, governments, and the cryptocurrency industry must come together for effective financial governance. He stated,
“This really is a pivotal time for the distributed ledger technology industry. It’s critical that as an industry we come together and engage with regulators and governments globally. The work we are seeing with the European Commission is pivotal and can be leading in this effort. We’re thrilled to be involved and look forward to being a leading participant.”
Formed by the European Union in November 2018, initial members of the INATBA included ConsenSys, IOTA, UniBright, RoyaltyRange and STOKR, among others. Since then, new members such as Ledger, R3, IBM Belgium, Guard Time, Swift, Barclays, BBVA, Accenture and the Cardano Foundation have joined the association. In fact, the Cardano Foundation’s addition contributed to ADA’ recent price surge.
Further, IOTA’s Director of Social Impact and Public Regulatory Affairs, Julie Maupin, will serve as a board member of the association.
The key focus areas spelled out by the European Commission include, allowing dialogue with regulators, promoting a transparent and inclusive model of blockchain governance, creating global and sector-specific guidelines for DLT applications, and developing standards for interoperability among participants.
The post Ripple joins International Association for Trusted Blockchain Applications as founding member appeared first on AMBCrypto.
Source: AMB Crypto

Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Ripple-Powered XRPL Labs Set to Launch New XRP Payments App
XRPL Labs, a startup backed by Ripple, wants to make the process of accepting XRP easier for merchants as a mainstream option. The company has designed a payments app that will act as the transition that they need as a point-of-sale system.
Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Source: CoinSpeaker

Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?

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Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?
IBM announced that two major US banks may soon offer their own cryptos on the IBM World Wire amidst growing concerns that Ripple’s dominance in this global remittance space may be under threat.
Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?

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Source: CoinSpeaker

Ripple CEO Brad Garlinghouse talks about JPM Coin’s lack of interoperability

Ripple has been commenting on JP Morgan Coin [JPM]’s lack of usefulness since it was launched. Recently, the Chief Executive Officer [CEO] of Ripple, Brad Garlinghouse, shared his opinion of the coin, while questioning its usability factor and adoption by other banks.
During an interview at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse started by appreciating JPM Coin and said that it was “great” to have a major financial player like JP Morgan in the crypto market.
During the fireside chat, Garlinghouse said that he thought it was “great” for the crypto industry to have major financial players like JP Morgan “leaning in.” However, the CEO quipped,
“That’s the only nice thing I’m going to say about this.”
Ripple has been promoting its Distributed Ledger Technology [DLT] to financial institutions for payments, along with other products that make use of XRP. Ever since the launch of the JP Morgan cryptocurrency, the company has been doubting its validity in the real world. Garlinghouse recollected another conference he attended in the last week and recalled,
“This guy from Morgan Stanley was interviewing me, I said ‘So, is Morgan Stanley going to use the JPM Coin?’ And he said ‘probably not.’ So, well is Citi going to use the JPM Coin? Is BBVA? Is PNC? And the answer is no.”
He reasoned, saying that a bank creating its own stablecoin raises the same problems that DLT is supposed to solve.
“So, does that mean we’re going to have all these different coins? Are we back to where we are with lack of interoperability? I don’t get it.”
Garlinghouse questioned the point of tokenizing fiat currencies when it remained in the books of the single entry. He also raised an issue, querying that if the bank offered a JPM coin in replacement of a dollar, which an individual will be able to move within the JPM ledger, then why not use the dollar, instead of getting it exchanged for JPM token.
“I don’t understand. If you’re just moving within the JPM ledger, and it has to be dollar-to-dollar, one-to-one backing, I don’t understand what problem that solves.”
Ripple CEO concluded by re-visiting his point that if the JPM Coin solved any problems, it would be great.
The post Ripple CEO Brad Garlinghouse talks about JPM Coin’s lack of interoperability appeared first on AMBCrypto.
Source: AMB Crypto

Ripple’s Brad Garlinghouse Mocks at JPM Coin Quoting ‘Other Banks Won’t Use it’

JP Morgan’s entry in crypto space with the launch its own stablecoin, JPM Coin was quite surprising and led to the increasing debate. Since the announcement rolled, rumors called it out as a direct threat to Ripple’s native token, XRP. However, in the opinion of Brad Garlinghouse, CEO of Ripple – so-called, JPM Coin is missing the point.
However, during a discussion with Nasdaq’s reporter Jill Malandrino at the Chamber of Digital Commerce’s D.C. Blockchain summit in Washington, Brad Garlinghouse answered to a quick question on JP Morgan’s JPM Coin. Although he immediately admired JP Morgan’s initiative to lean in – but immediately mocked by stating ‘that’s the only nice thing. In his words;
It’s great to have major financial players like JP Morgan to lean. That’s the only nice thing I’m going to say about this, Brad Laughed.

DC Blockchain Summit March 6th 2019Brad Garlinghouse talking about JPM Coin#xrp #ripple #xrpcommunity #crypto #blockchain #xrpthestandard #0doubt #xrparmy pic.twitter.com/J2H1FZh2wu
— ༜༝🅂🅃🅄🄰🅁🅃🅇🅁🄿💧⚡ (@stuart_xrp) March 6, 2019

Soon after this, he reminds himself of one occasion where he got to ask about the JMP Coin and its use cases – he continued stating;
“OK, so I got asked this last week. I was speaking at a Morgan Stanley conference, and someone asked me…there was this headline about JPM Coin. This guy was from Morgan Stanley who was interviewing me. So, I asked him ‘Is Morgan Stanley going to use the JPM Coin?’. He said ‘probably not’. Or is Citi going to use the JPM Coin? Is BBVA? Is PNC? And the answer is no. And so does that we’re going to have all these different coins, and does that mean we’re back to where we are with lack of interoperability? I don’t get it.”
As said earlier, Brad Garlinghouse doesn’t necessarily think JP Morgan as the threat to Ripple or its JPM Coin a rival to XRP either- However, he thinks the utility of JP Morgan’s coin is only for books. In contrast, Ripple, a San Francisco based Blockchain firm is reaching an enjoying a wider-scope with blockchain – having worldwide partners that are already utilizing its underlying products.
He further elaborates his stance on JMP Coin;
If you give them a dollar for deposits, they’ll give you a JPM Coin that you can then move within the JPM ledger. Wait a minute, just use the dollar! I don’t understand. If you’re just moving within the JPM ledger, and it has to be dollar-to-dollar, one-to-one backing, I don’t understand what problem that solves.
The post Ripple’s Brad Garlinghouse Mocks at JPM Coin Quoting ‘Other Banks Won’t Use it’ appeared first on Coingape.
Source: CoinGape

Ripple CEO: I Don’t Know What Problems Does JPMorgan Coin Solve

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Ripple CEO: I Don’t Know What Problems Does JPMorgan Coin Solve

Brad Garlinghouse, the CEO of cross-border payment giant Ripple, has weighed in on JP Morgan’s USD-pegged stablecoin, again.

Ripple CEO: I Don’t Know What Problems Does JPMorgan Coin Solve

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Source: CoinSpeaker

SBI Holdings Lays Faith In XRP, Says Get Ready For Bull Run In 2019

One of the most prominent and firsts conglomerate to have shown interest in cryptocurrencies has been the SBI holdings of Japan. From launching a few businesses around cryptos and being a strong partner to companies like Ripple, SBI holdings have made its mark in the crypto world. Hence its predictions on crypto markets can’t be left unheard where the CEO of the company has been bullish in regards to a $10 Ripple throughout the entire year.
Can Ripple be a top coin for 2019?
Yoshitaka Kitao – the President and Representative Director of SBI Holdings, has been a real supporter of Ripple and has spoken publicly a few times that how the coin is much better than many other frontline cryptos when it comes to value forecasting of the coin.
In its recent Q&A with media, Yoshitaka Kitao said XRP is dominating international expansion and will become global in the future.
SBI Holdings is a great partner of Ripple (XRP). It has Laos been in a joint venture with the US-based distributed ledger technology company R3 to establish SBI R3 Japan. This company also plans to use XRP to be utilized for international remittances via its Settler platform.
A few days back Kitao was also reported saying that he believes that in 2019, Ripple (XRP) will exceed the market cap of Bitcoin (BTC).
“Because XRP is already beginning to become international, xRapid will be used for fund transfers in 2019. By increasing the so-called XRP’s plastic use, we anticipate that the [Ripple] market capitalization will easily exceed the market capitalization of Bitcoin (BTC).”
Great Partnership the ladder for success for XRP
While SBI has reasons to be bullish, Ripple in itself has been progressing great with its partnerships with leading financial institutions. The coins real-time use is something that makes SBI Holdings even more confident on the coin. The recent affirmation of Ripple CEO’ Brad Garlinghouse, that a ton of banks will use the products of Ripple by 2019 shows the partnership strengths and the prowess the coin commands which could make XRP a preferred partner for settlement specialist co-ops and monetary establishments.
Apart from the leading banks in the advanced nations such as the US, Japan, and Europe, Ripple has been able to make inroads in the Middle Eastern banks and financial institutions as well. The company has partners like National Bank of Kuwait and Saudi Arabia’s largest Islamic bank Al-Rajhi along with Kuwait Finance House. It has also formed great partnerships in Israel with the largest financial services firm there called GMT and has also with AkBank and Turkey.
With all fundamentally in favor of XRP, the question still lies in the minds of investors, is what would be the inflection point when the coin will start rising again. Will it be 2019?
Will 2019 be the year for rising of XRP? Do let us know your views on the same.
The post SBI Holdings Lays Faith In XRP, Says Get Ready For Bull Run In 2019 appeared first on Coingape.
Source: CoinGape

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

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Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

XRP enthusiasts can now store the digital asset as well as spend it using Spend Visa Debit Card in 180 countries.

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

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Source: CoinSpeaker