SBI Remit has processed over $15 billion in international money transfers, leveraging Ripple's XRP-powered blockchain technology to enable faster, cheaper cross-border payments. This milestone highlights the growing real-world use of digital assets in financial services, especially for expatriates and migrant workers in Japan. The platform's use of On-Demand Liquidity (ODL) allows near-instant settlement without pre-funding accounts, improving efficiency and reducing costs. SBI Remit's success signals broader adoption of blockchain in Japan's banking sector and the evolving role of digital assets in global remittances.
The upcoming US Senate vote on the CLARITY Act, which aims to clarify regulatory authority over cryptocurrencies, threatens a $9.46 million short squeeze in XRP if the price rises just 5% to $1.4644. Currently trading around $1.40, XRP is near a tech...
XRP is maintaining its key support level around $1.30 following a strong rally in August, indicating the recent price correction has not turned bearish. The cryptocurrency is trading near $1.38, with buyers defending the $1.30-$1.35 zone and preventi...
Bitcoin climbed nearly 2% to over $78,000 as the broader cryptocurrency market advanced, defying losses in technology stocks and rising oil prices. Ether and XRP also saw notable gains, while traditional markets like Nasdaq futures and gold declined....
The XRP Ledger processed a record 3,254 transactions in a single block, marking a new high as XRP's price rose nearly 4%. Most transactions were small XRP payments, likely part of a throughput test, according to XRPL validator Vet. Unlike Bitcoin's f...
Bitcoin recovered to about $78,100 as markets anticipate interest rate decisions from the Federal Reserve, Bank of England, and Bank of Japan this week. Traders expect an 87% chance of a 0.25% rate hike by the Fed on Wednesday, with the BOE likely to...
