Ripple/XRP-FedNow,BRICS & Saudi Arabia Heat Up, SEC Vs Ripple Case "It`s Over"? (2024)

HomeRipple/XRP-FedNow,BRICS & Saudi Arabia Heat Up, SEC vs Ripple Case “It`s Over”?

As the world of cryptocurrency continues to heat up, all eyes are on Ripple/XRP as the company prepares to go head-to-head with the SEC in what may be a make or break moment for the industry. Meanwhile, Ripple’s partnership with FedNow, as well as their recent moves in Saudi Arabia and the BRICS nations, are sending shockwaves throughout the financial world. In this blog post, we’ll take a closer look at the latest developments surrounding Ripple/XRP and what they may mean for the future of digital currencies.

Introduction

The digital payment space has been a hotbed of activity in the past few months with exciting developments and monumental changes. This article will focus on the latest news regarding Ripple/XRP-FedNow, BRICS & Saudi Arabia, and the SEC vs Ripple case.

There are new digital platforms such as Glint, Linqto, and iTrustCapital.com that are offering various services to people looking for investment opportunities. Additionally, services such as Flare Naming Service and UPHOLD Vault are also making headlines in the crypto space. There are also interesting bits of news about the Debt ceiling bill, and the potential of the crypto space as the next big thing.

Let’s dive into the latest developments in the digital payment sector.

Glint Allows Buying, Saving, and Spending Real Gold and US Dollars Digitally

Glint, a fintech company based in London, UK, is solving the problem of purchasing and using gold as a currency. Glint enables users to buy, save, and spend real gold and US dollars digitally. The company has announced the launch of its mobile app for Android and iOS devices.

The app allows users to buy, save and spend both gold and dollars with a Mastercard debit card. This is a significant step for the company as it allows easy access to users who want to invest in gold as a currency.

Linqto Offers an Easy Way to Invest in Private Equity

Linqto, a Silicon Valley-based startup, is making it easier for people to invest in private equity. The company has developed a platform that connects accredited investors with private companies.

The platform is easy to use, and investors can monitor their investments in real-time. What makes this platform unique is that it offers a secondary market for private equity, similar to stock trading.

Digital Perspectives Mastermind Group Offers a 3-Day Free Trial

The Digital Perspectives Mastermind Group offers a 3-day free trial to its new members. The group is aimed at people looking to gain knowledge on trading and investing in cryptocurrencies.

Members can gain access to educational videos, trading strategies, and other resources that would help them gain insights into the crypto space. This is a great opportunity for those who want to start investing in digital assets and need some guidance.

Flare Naming Service Offers Early Launch Reservation for .FLR Domain Names/Payment Pointer

Flare Naming Service, a blockchain-based domain service, is offering its early launch reservation for .FLR domain names/payment pointers. The service will allow users to secure a premium domain name/payment pointer on the Flare network.

By reserving a name now, users can ensure they get their preferred name when the mainnet goes live.

UPHOLD Vault Gives XRP Holders Early Access

UPHOLD, a digital asset platform, is giving XRP holders early access to its new product, UPHOLD Vault. UPHOLD Vault is a secure and insured way of storing digital assets offline.

This service is beneficial for those who want to secure their digital assets for the long term. As the platform is insured, investors can be confident that their assets are protected.

iTrustCapital.com Allows Opening an IRA with Them

iTrustCapital.com is a digital platform that offers users the opportunity to open an IRA with them. The platform allows users to invest in cryptocurrencies using their retirement accounts.

This is a great opportunity for those who want to include digital assets in their retirement portfolio. The platform offers a wide range of digital assets to choose from, and the account can be managed easily via an online dashboard.

ProCoinNews Daily Provides Free Membership and Features Digital Perspectives

ProCoinNews Daily, a digital media company, is offering free membership to its users. The company features various news, articles, and trading insights on digital assets.

One of the company’s features is Digital Perspectives, which is a series of webinars where experts discuss various topics related to the crypto space. The webinars are informative and provide users with valuable insights.

Debt Ceiling Bill Language Released, Suggests Suspension Until January 1st, 2025

The U.S. government has released the language for the Debt Ceiling Bill, which suggests that the debt ceiling will be suspended until January 1st, 2025. This decision has significant implications for the economy and the country’s finances.

The suspension will allow the government to continue its fiscal programs without worrying about the debt ceiling. The bill has not yet been passed, but if it does, it will be good news for the country’s economy.

Crypto Space Is the Next Internet Boom; Media Initially Bad-Mouthed the Internet Too

The crypto space is poised to be the next internet boom. While there is still skepticism from some, it’s important to remember that the internet was initially bad-mouthed too.

Now, the internet has transformed the world, and the crypto space has the potential to do the same. Innovation and progress are the main drivers of technological advancements, and the crypto space has no shortage of that.

Judge Ordered Unsealing of Hinman Documents, Even if SEC Settles with Ripple

There is exciting news regarding the SEC vs Ripple case. A Judge has ordered the unsealing of the Hinman documents, even if the SEC settles with Ripple. This is significant as the Hinman documents would provide insights into the SEC’s views on cryptocurrencies and whether XRP is a security or not.

This development could potentially change the course of the case and provide some clarity on the regulation of digital assets.

Conclusion

The digital payment space is rapidly changing, and there is no shortage of exciting news. With the development of new platforms such as Glint, Linqto, and iTrustCapital.com, users now have more options when it comes to investing in digital assets. The crypto space is also showing enormous potential, and with innovative solutions such as Flare Naming Service and UPHOLD Vault, investors can be confident that their digital assets are secure.

The news of the unsealing of the Hinman documents is a significant development in the SEC vs Ripple case. It could potentially change the course of the case and provide clarity on the regulation of digital assets.

As the digital payment space continues to evolve, it’s essential to stay informed and educated on the latest developments.

FAQs

  1. What is Glint?
    Glint is a London-based fintech company that allows users to buy, save, and spend real gold and US dollars digitally.

  2. What is Linqto?
    Linqto is a Silicon Valley-based startup that connects accredited investors with private companies, making it easier for people to invest in private equity.

  3. What is UPHOLD Vault?
    UPHOLD Vault is a secure and insured way of storing digital assets offline. The platform is beneficial for those who want to secure their digital assets for the long term.

  4. What is the Debt Ceiling Bill?
    It is a bill proposed by the U.S. government that suggests the debt ceiling will be suspended until January 1st, 2025.

  5. What are the Hinman documents?
    They are documents that provide insights into the SEC’s views on cryptocurrencies, and whether XRP is a security or not. A Judge has ordered the unsealing of the documents, even if the SEC settles with Ripple.

Ripple/XRP-FedNow,BRICS & Saudi Arabia Heat Up, SEC Vs Ripple Case "It`s Over"? (2024)

FAQs

Is XRP a buy? ›

If you believe in the long-term potential of Ripple's cross-border payment system and expect a favourable resolution, XRP might present a buying opportunity. However, always consider the inherent volatility of the cryptocurrency market and the possibility of further price fluctuations.

Is there an ETF for XRP? ›

The AXRP Exchange Traded Product (ETP) is provided by 21Shares. It is built to track an index: CoinMarketCap Ripple XRP Price Index.

Who owns XRP? ›

Unlike most cryptocurrencies, which are decentralised and therefore not run by a single entity, the cryptocurrency XRP is controlled by a company called Ripple.

How much XRP does Ripple own? ›

To provide additional predictability to the XRP supply, Ripple has locked 55 billion XRP (55% of the total possible supply) into a series of escrows. These escrows are on the ledger itself and the ledger mechanics, enforced by consensus, control the release of the XRP.

Can XRP reach $100? ›

This means that XRP holders might have to wait a while to see if the crypto token hits $100 based on JackTheRippler's prediction. If the case is prolonged beyond this year, XRP could miss out on achieving its true potential in this bull run if the lawsuit is indeed acting as a stumbling block to its progress.

Can XRP reach $20? ›

Analyst Pantoja predicts Ripple(XRP) price to reach $20 by 2026, citing five key factors supporting his bullish outlook. XRP would need to witness a 15x surge to reach the lower end of Pantoja's projection and a 3,959% growth to achieve the $20 target.

What is XRP stock called? ›

Ripple and XRP are two distinct entities. Ripple is a fintech company that builds global payment systems, while XRP is an independent digital asset that can be used by anyone for a variety of reasons including to send remittances or make online payments.

Which exchange is XRP listed? ›

You can purchase XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase. XRP remains one of the top-traded cryptocurrencies by market cap. XRP is the native token for the XRP ledger, which was designed as a payment system for business purposes.

What is 21 shares XRP? ›

The 21Shares Ripple XRP ETP is the largest ETN that tracks the Ripple (XRP) index. The ETN replicates the performance of the underlying index with a collateralised debt obligation which is.

Will Brics use XRP? ›

Russian President Putin confirms BRICS is developing its own independent payment system! And according to a document about the Central of Bank of Russia they will most likely use #XRP for cross-border payments!

Are banks using XRP? ›

Ripple (XRP) is a popular choice among banks worldwide. The network's fast transaction speeds, low gas fees, and energy-efficient consensus make it an ideal cryptocurrency for traditional financial institutions.

What does Forbes say about XRP? ›

Forbes has labeled Ripple Labs as a "crypto zombie," citing its low active user base and speculative nature of its XRP token.

Will Ripple make me a millionaire? ›

Cryptonewsz.com is even more bullish: it believes XRP will rise to $9.81 by 2030, which would turn a $10,000 investment into more than $196,000. But for XRP to turn a $10,000 investment into over $1 million, it would need to generate a 100-bagger gain. Even the most bullish forecasts fall short of those expectations.

How many XRP does the average holder have? ›

The data Swift provided indicates that out of the 4.8 million XRP wallets, a substantial 77% of them hold under 500 XRP.

Can Ripple be next Bitcoin? ›

Crypto analyst JackTheRippler and Ripple CEO Brad Garlinghouse recently shared their very optimistic predictions for XRP's future. Garlinghouse even suggested XRP could replace Bitcoin if certain challenges are addressed. Ripple's Q1 2024 report also revealed a 108% increase in XRP Ledger transactions.

Is there a future in XRP? ›

XRP price forecasts for 2030

Techopedia also sees potential for growth, estimating XRP could reach a maximum of $9 by 2030, potentially becoming a bridge currency due to its near-zero settlement times and the rise of central bank digital currencies.

Will XRP ever be worth anything? ›

Crypto analysts expect that at the end of summer 2023, the XRP price will be around $$0.637. In October 2024, the XRP cost may drop to a minimum of $$0.605. The expected peak value might be $$0.668 in October 2024.

How much will 1 XRP be worth in 2030? ›

Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.

Could Ripple reach $500? ›

Can XRP Reach 500 Dollars? For XRP to achieve a price of $500, it would necessitate an increase of over 1,000 times its current value. While theoretically possible in the dynamic world of digital assets, this scenario faces significant practical hurdles.

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