Ripple has been responding to the challenges of the current cross-border payment system with its blockchain-based solutions like RippleNet. This platform offers real-time payments and remittance services along with advanced cross-border payment solutions. XRP Ledger, which uses the XRP crypto for instant cross-border settlements, has already partnered with over 100 financial institutions in 55 countries.Crypto influencer BitBoy recently delved into the potential and significance of XRP beyond Ripple’s banking-related initiatives. He discussed applications of XRP beyond the banking domain which includes governance, accounts, tokenization, decentralized finance (DeFi), and NFTs. BitBoy also commended the XRP community for their contributions to establishing captivating initiatives on the XRP Ledger (XRPL).BitBoy highlighted the distinctive regulatory stance of XRP within the United States, asserting its status as the sole altcoin with well-defined regulatory clarity in the American market. He counseled the XRP community to stay informed, attentively track market progress, and maintain resilience in the face of challenges stemming from the SEC case. Despite these difficulties, BitBoy holds the belief that XRP is well-positioned to attain substantial growth during the upcoming bullish phase.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
9 |
| People |
Ben Armstrong, BitBoy, XPUNKS, Sologenic, Crypto News Flash |
| Companies |
Ripple, SWIFT, XRP Ledger, xSPECTAR, XPUNKS, Sologenic, SEC |
| Currencies |
XRP, Bitcoin, Ethereum, USD, SWIFT |
| Securities |
None |
