TAGS  :  "ripple"

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The news of JP Morgan, the largest bank in the United States, releasing its own cryptocurrency called JPM Coin also created a massive splash in the cryptosphere.This news was met with trepidation and criticism by a lot of crypto-enthusiasts, with the latest one being Mark Yusko, the Chief Executive Officer of Morgan Creek Digital Capital.

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The company has now established a partnership with the R3 consortium which includes the testing of the Corda Settler platform for high-speed payments.The Corda Settler platform is an open-source decentralized application on the R3 network and it was designed to enable large corporations and companies to move virtual currencies and assist in trade settlements and payments.

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It is now planning to take new strides after the company hinted at a plan to disrupt the SMEs and industrial sector in Europe.The Ripple insight blog, Just-in-time, details the problems faced by a lot of industry players, including large-scale industries and small-to-medium enterprises [SMEs] with respect to simplified payment solutions and the efficient allocation of monetary resources.

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AMBCryptoCrypto News – 21st Feb – FairFX-BoE partnership, Ripple on problems faced by SMEs and more



Published 13 hours ago on February 21, 2019Follow us on Telegram | Twitter | Facebook
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Ketaki Dixit is a Journalism major from Jain University.She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

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Above this level, the BTC/USD pair will complete a double bottom pattern which has a target objective of $5,273.If that happens, the XRP/USD pair is likely to remain range bound for a few more days.

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Furthermore, the company’s direct connection to the Faster Payments Scheme has been enabled by the New Access Model that extended access to the RTGS accounts held at the Bank of England.FariFX’s CEO, Ian Strafford-Taylor said,“Obtaining direct membership of the Faster Payments Scheme together with settlement accounts at the Bank of England represents a major step in the progression of FairFX Group.

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According to a recent report, Remitly, an international payments company, is interested in Ripple’s XRP and is planning to integrate the cryptocurrency’s blockchain technology into their financial transaction services.In a recent media conference, Matthew Oppenheimer, CEO, and co-founder of Remitly, said that they are looking into the blockchain technology for improving global transactions via a peer-to-peer system, and indicated that a partnership with Ripple to enable smoother transactions could be a reality soon.

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As per Navin Gupta’s [Managing Director, South Asia and MENA at Ripple] tweet, Bank of Dohfar is now live on RippleNet.to Bank Dhofar – Live on Ripplenet.

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”Partnerships with universities under the UBRI focus on enabling students with the opportunities for research and development into blockchain technology and by extension, cryptocurrencies.This in turn, could add value to the global blockchain ecosystem, such as the fin-tech industry, said Director of IIT-B, Professor Devag V.

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Our bullish view will be negated if the ETH/USD pair turns down from the current levels and plunges back below $134.XRP/USDRipple (XRP) has broken out of the 20-day EMA and the 50-day SMA, which is a positive sign.

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AMBCryptoCrypto News – 16th Feb – Ripple partners with Kuwait bank, JP Morgan Chase shutdown and more



Published 1 day ago on February 16, 2019Follow us on Telegram | Twitter | Facebook
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Ketaki Dixit is a Journalism major from Jain University.She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

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Even so, the trial represents the first real-world use of a digital coin by a major US bank.The CEO of Ripple, Brad Garlinghouse, responded to the announcement on Twitter, saying that JP Morgan is missing the point with its new cryptocurrency.

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Current Value
Stellar Lumens is one of the top 10 most valuable altcoins.com
At the time of writing, the price of Stellar Lumens is at $0.

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Current Value
Stellar Lumens is one of the top 10 most valuable altcoins.com
At the time of writing, the price of Stellar Lumens is at $0.

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The company hopes that its clients soon use JPM coins for cross-border payments, which would pose serious competition for the more prominent blockchain company, Ripple.This new coin is a direct challenge to Ripple and its digital currency, as per Tom Shaughnessy, principal at Delphi Digital which is a crypto research boutique in New York.

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Al Ahli Bank of Kuwait [ABK] announced its partnership with Ripple on Thursday in order to enable instant cross-border payments for its customers in and out of Kuwait, reported Arabian Business.The bank will integrate Ripple’s enterprise blockchain technology into its existing services to offer its customers immediate confirmations.

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The XRP ledger is a decentralized cryptographic ledger that stores XRP and is powered by a network of peer-to-peer (P2P) servers.With the release of the Ripple’s blockchain upgrade, servers will be able to automatically detect transaction censorship attempts and issue warnings of increasing severity for transactions, the announcement says.

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Our view of a range bound trading action will be invalidated if the BTC/USD pair breaks out of the downtrend line.If the bears sink the digital currency below the 20-day EMA, a drop to $3,355 and below it to $3,236.

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As reported, JPMorgan Chase revealed its blockchain-powered JPM Coin yesterday, saying the asset will initially be used to increase settlement efficiency in select operations.Directly following the announcement, Garlinghouse responded on Twitter:“As predicted, banks are changing their tune on crypto.

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Brad Garlinghouse, CEO of payment network Ripple, likened JPM Coin to previous plans from banks elsewhere, arguing it was a case of ‘too little, too late’ in the age of public blockchains.“… [T]his JPM project misses the point – introducing a closed network today is like launching AOL after Netscape’s IPO,” he added in social media comments.