Ripple Payments expands its business to 70 markets

Ripple, a blockchain company, has expanded the coverage of its Ripple Payments payment network to 70 markets.

According to the blog, with the expansion, Ripple will further optimize the efficiency of cross-border payments using the blockchain. Moreover, the service will facilitate the transition to digital assets by optimizing cross-border payments using the blockchain.

Ripple has partnered with fintech company Onafriq to open new remittance corridors between Africa and the Gulf Cooperation Council, the UK, and Australia. The partnership uses Ripple Payments technology to solve common cross-border payment problems such as transfer delays and high costs, potentially improving the remittance process in Africa.

You might also like: Ripple expected to shave off SEC’s $770m claim

Onafriq plans to use Ripple’s technology to connect its vast mobile money network, which includes more than 500 million mobile wallets across Africa. The partnership will also help make payments more efficient and less costly to the 27 countries on the Onafriq network.

Over the past week, the Ripple cryptocurrency (XRP) has seen gains, rising nearly 10% overall. Since August, the coin’s value has hovered around the $0.46 to $0.55 range.

Ripple Payments expands its business to 70 markets - 1
XRP price in October and November | Source: CoinMarketCap

After XRP found support at the 200-day moving average, it broke above that mark.

You might also like: Crypto lawyer predicts Ripple legal triumph as token gains 6%
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Internet Computer (ICP) Price Prediction, What Do the Charts Suggest Today?

Image
Join Our Telegram channel to stay up to date on breaking news coverage ICP is currently down by 7.89% within 24 hours, trading at $7.26 today, February 20. Last month, the Internet Computer token traded at $4.60 on January 14 before closing the market the same day at $5.05.  From January 15 to 26, ICP traded between $4 and $5 until January 27, when it rose to $6.05. From that day, the token recorded little rallies and pullbacks until February 17, when the price rose to $7.32. It has maintained this price level till today, February 20.  Also, ICP reached an intraday high of $8.17 on February 19 before closing at $7.33. Even though the bearish pressure today has pushed the price down by 11%, the ICP community is optimistic about its potential to gain.  Internet Computer Price Prediction  Source: Tradingview.com Internet Computer (ICP) price is recording a slight pullback in the market today. After it traded at $7.32 on February 17, forming a long green candle on the daily ch
Read more

Bitcoin dominance hits 6-month lows as metric proclaims new 'alt season'

Image
BTC currently makes up 41% of the total crypto market cap — its smallest market share since January. Bitcoin (BTC) is facing fresh competition from altcoins this month as data shows that — technically — it is already "alt season." Figures from CoinMarketCap and TradingView show that BTC currently makes up around 41% of the overall crypto market capitalization — its lowest since the start of 2022. Bitcoin sheds market cap prowess After suffering at the hands of the Terra LUNA collapse, altcoin markets have rallied considerably in recent months.  Alongside Bitcoin's return from 18-month lows of $17,600 in June, altcoins have enjoyed their own renaissance, one which is now giving Bitcoin bulls a run for their money.  According to CoinMarketCap, Bitcoin's market cap share is now at its lowest since mid-January, with largest altcoin Ether (ETH) in particular stealing the limelight in recent weeks. From lows of 14.3% on June 19, Ethereum's market cap dominance now stan
Read more

Nic Carter Ranks Exchange Attestations And Proof-of-Reserves

Image
The top two crypto trading platforms by the proof-of-reserves score were Kraken and BitMEX, whereas Binance scored poorly due to its shortcomings. Bitcoin supporter Nic Carter has ranked the attestations supplied by some of the most well-known crypto trading platforms and published an in-depth review of centralized exchange proof-of-reserves. Carter thoroughly analyzed the proof-of-reserves from various exchanges (PoR). The cryptocurrency executive employed criteria including attestation to assets held and a declaration of liabilities, incorporation of a third-party auditor, establishing credibility by taking a PoR for all purchases, and commitment to a continuous process to identify which PoRs are of the highest quality. PoR scores of crypto exchanges. Source: Medium The top two cryptocurrency trading platforms were BitMEX and Kraken. Carter claims that Kraken, which used Armanino for its proof-of-reserves, provides clients with a “good level of confidence tha
Read more