Ripple: SBI-Deal promises significant synergy effects for XRP
SBI VC Trade, a subsidiary of the long-standing Ripple partner SBI Group, has announced an exciting new partnership with Metaplanet. This collaboration aims to optimize Bitcoin transactions and custody management for business clients. The strategic alliance is expected to bring significant benefits not only to SBI but also potentially enhance Ripple's capabilities in cross-border payment solutions. According to Investing.com Deutsch (https://de.investing.com/news/cryptocurrency-news/ripple-sbideal-verspricht-bedeutende-synergieeffekte-fur-xrp-2697671), this development could lead to greater financial flexibility and tax efficiency for businesses using Bitcoin as collateral.
Ripple (XRP): XRP Ledger gets Smart Contracts
The company behind the cross-border payments solution, Ripple, has announced that it will introduce Smart Contracts into its XRP Ledger (XRPL). This move is aimed at attracting developers and expanding XRPL’s functionalities by enabling various use cases within its ecosystem. Cointelegraph Deutschland reports that these smart contracts are set to go live on the XRPL Ethereum Virtual Machine (EVM) Sidechain "in the coming months" (https://de.cointelegraph.com/news/ripple-xrp-ledger-smart-contracts-evm-sidechain). Additionally, they will eventually be available on the XRPL Mainnet once further research phases are completed.
The Best Mining Providers at a Glance
» Infinity HashFrom our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.
» Hashing24A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.
XRP: Ripple Whitepaper reveals powerful banking plan – Price increase inevitable?
A recent whitepaper released by Ripple Labs outlines ambitious plans aimed at revolutionizing traditional banking systems through blockchain technology. Published on August 30th, 2024, this document suggests making their efficient transaction technologies accessible even to small local banks. Wallstreet:online highlights how removing intermediaries can significantly reduce costs while speeding up processes like real-time gross settlement systems (RTGS) across continents (https://www.wallstreet-online.de/nachricht/18443523-xrp-ripple-whitepaper-enthuellt-maechtigen-bankenplan-preisanstieg-unvermeidbar).
Ripple (XRP) rejected again!
Despite multiple attempts for a breakout above resistance levels around $0.64- $0.66 USD, Ripple's price continues trending downward after another rejection from key zones recently tested earlier this month according to Krypto Guru analysis dated September 13, 2024 (https://krypto-guru.de/news/charts/ripple-xrp-erneut-abgelehnt/). Current trading volumes remain low, indicating insufficient liquidity to push prices in either direction until major support/resistance areas are retested again soon, potentially triggering trend reversal scenarios ahead depending upon prevailing market conditions.
Sources:
- Ripple: SBI-Deal verspricht bedeutende Synergieeffekte für XRP
- Ripple (XRP): XRP-Ledger bekommt Smart Contracts
- Ripple schüttet XRP aus: Was passiert als nächstes mit dem Kurs?
- XRP: Ripple-Whitepaper enthüllt mächtigen Bankenplan – Preisanstieg unvermeidbar?
- Ripple (XRP) erneut abgelehnt!
- Ripple führt Smart Contracts und NFT-Funktionen für den XRP-Ledger ein
