Japan Is the Leading Candidate for Ripple’s New Headquarters

Japan – According to SBI Holdings CEO Yoshitaka Kitao, Japan is most likely the leading candidate for Ripple’s relocation. At an October 28 press briefing, Kitao claimed that the blockchain-based payment system has made Japan the perfect and most competitive candidate for Ripple. Since SBI Holdings is a Ripple investor, Japan has a higher chance than other countries, like Switzerland and the United Kingdom.

Both Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have expressed disappointment and frustration towards the United States’ new regulatory for cryptocurrencies.

According to the two executives, they are now planning to move to European countries, like Switzerland and the United Kingdom, or Asia countries, like Japan or Singapore. A recent report says that Garlinghouse has shortlisted Japan and Singapore for the potential Ripple’s new headquarters location. Since Japan is the faster-growing market that uses Ripple, they want to take advantage of the opportunity.

Last October 21, SBI Holdings announced Ripple’s investments in Japan’s popular payment company called MoneyTap. The partnership aims to integrate Ripple-powered settlements across ATMs in Japan. SBI claimed that this integration could help tons of consumers since it will give easier access to funds at any Japanese ATM, regardless of its banking affiliation.

The San Francisco-based firm’s CEO, Garlinghouse, says he visited Japan, which provided assurances for the company. Japan has a clear taxonomy and does not consider XRP as a security but as a currency. With that point-of-view, it would be advantageous for Ripple to operate in Japan.

Since the beginning of October, Ripple has been locked in a legal battle with many digital asset investors who accuse the company of selling unregistered securities and promoting misleading XRP statements. The issues frustrate the executives, and continue to dispute all allegations.

The “security” label matters since it could bring Ripple’s XRP under the strict US regulations, which will surely impact its reputation and investors. Though Ripple claims to be crypto independent, Ripple currently owns almost 55 billion of the 100 billion XRP tokens that exist. According to the company, they are not a threat to security. Instead, people can use Ripple’s XRP as a “bridge currency” for sending money overseas quickly and less costly.

Since 2019, the company has been working with some of the world’s largest financial institutions, and none of them encountered security issues. Garlinghouse shared that if the United States continues to implement Ripple’s unfavorable regulations, they will surely build Ripple’s new headquarters in another country, much likely Japan.

Ripple Plans to Invest in Japan’s SBI Subsidiary MoneyTap

Japan – Since 2016, Japan’s SBI Holdings has established a close partnership with Ripple. The two companies founded a joint venture called SBI Ripple Asia. According to the latest news, Ripple will start investing in SBI’s MoneyTap. This platform uses Ripple’s latest blockchain technology that process cross-border payments cost-effectively and quickly.

According to the executives, this investment aims to drive better adaptation and development. By using MoneyTap, consumers can process and confirm money transfers almost in real-time through a QR code. Although this system has been active since 2018, it continues to attract more investors.

Through this latest Ripple investment, MoneyTap can further strengthen its partnership with Ripple and develop better and unique functions to improve the corporate payment function and small-amount collection service. Since MoneyTap aims to deliver an overseas remittance service, Ripple can help this platform make new improvements.

The MoneyTap application aims to convince people to take advantage of new technologies and use them for their businesses. By forming an ecosystem with reliable financial institutions, MoneyTap aims to deliver a customer experience that promotes peace of mind, affordable rate, and convenience. Thanks to MoneyTap’s superior architecture, many customers in Japan can enjoy a faster and cheaper money transfer experience.

Ripple’s investment in MoneyTap is great news since it sees it as an opportunity to reach more “unbanked” people who are not familiar with the convenient way of moving money in different borders. Like other blockchain networks, Ripple promotes money remittances that do not depend on one central authority to secure and manage their transaction database.

By adopting MoneyTap, more people can save on high interbank fees very usual in Japan. This application creates a more budget-friendly ecosystem that can help the public, especially those who need money during an emergency. With MoneyTap, users can secure their funds for day-to-day needs. It guarantees quick access to money within 24 hours.

This application has gained thousands of customers quickly since it features instant approval and transfer in minutes. According to some critics, MoneyTap has one of the fastest app-based approval processes in the industry. In a few taps, you can immediately transfer as low as ₹ 3,000 to your registered bank account.

Faster and trusted transfers are only the beginning of what MoneyTap can offer the market. With the latest Ripple investment, the application will surely grow and revolutionize the way transfers happen across Japan.

Most Successful Bank in Singapore Starts Using Ripple (XRP)

United States – One of the largest banks in Singapore, the DBS Digital Exchange, will launch a crypto exchange platform that will accept different digital assets, including Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Bitcoin (BTC).

According to the report, the news spread out after the publication of the exchange’s website that is immediately deleted. However, evidence has verified that the Monetary Authority of Singapore has allowed and will support the platform.

DBS is one of the most successful banks in Southeast Asia. Fortunately, its executives decided to launch a first-to-cryptocurrency exchange called DBS Digital Exchange that will allow users to trade Singaporean dollars, Japanese yen, US dollars, and Hong Kong dollars to BTC, BCH, XRP, and ETH. The company also claimed that this exchange would conduct security token offerings to help small and medium-sized firms raise funds.

DBS Digital Exchange will use its parent DBS Bank for the services for the customers’ funds. The company has deployed a DBS Digital Custody, an institutional-grade custody solution that can keep digital assets hidden and safe.

After this announcement, DBS’ spokesperson told the media that its digital exchange plans are still a work-in-progress. They are still doing plenty of research and have not received the required regulatory approvals. Until such time once the approvals are in place, DBS will keep the public updated.

Some critics revealed that the DBS Digital Exchange would be available to institutional investors directly, including the professional market makers and financial institutions. On the other hand, the retail investors can access the platform after registering as a DBS member in DBS Vickers Securities and DBS Private Bank.

The published DBS website claims that many banks, businesses, and businesses will back this digital exchange since it allows people to take advantage of an integrated ecosystem of solutions through faster and cheaper cryptocurrency transactions.

Since DBS is the most prominent commercial and retail bank in Singapore, its soft crypto/fiat trading exchange will surely attract more customers. With the DBS Digital Exchange, more people can process cross-border trading or payment quickly and cost-effectively.

By using the DBS Digital Exchange, investors can execute and confirm trades almost in real-time. This project’s main long-term goal is to convince other banks that cryptocurrencies are some of the new financial resources people need to take advantage of every day. Through this latest DBS investment, the banking system will experience further strength, especially in partnership with tech companies, and accelerate their development of new functions and services.

Ripple Partners With Flare Finance For DeFi Market

The United States – During the first week of October, Flare Finance revealed that the company would launch the test phase for the first DeFi protocol, in partnership with Ripple’s XRP, based on Flare Networks. When they announced this project, the company launched a test on the Costco network.

Flare Finance is a DeFi protocol that the Flare network will deploy. According to the executives, this project will launch “six products in one” to benefit its customers. The first platform is the “FlareX,” which will operate and serve as a decentralized exchange in a multi-token ecosystem. According to Flare, this system will integrate swaps.

Furthermore, FlareFinance announced the FlareFarm Governance platform that allows yield farming. This project focuses on a stablecoin distribution platform called FlareUSD. The other three systems announced will offer risk-based mutual funds, loans, and a pool to provide liquidity called FlareMine.

Flare Finance claims that this project will give XRP holders and users of the network’s low cost “DeFi experience.” Even customers without technical or advanced knowledge can use this platform. Flare Finance developed this project intending to remove traditional intermediaries, such as banks and financial advisors.

This past week, the public saw a sharp increase in Ripple’s XRP price, and it even surged above the $0.2600 resistance. It means that Ripple is now starting to become better than most banks in the United States. According to critics, Ripple delivers a much better experience than old bank technologies. In terms of speed, pricing, and overall customer experience, Ripple is way more appealing.

Since cryptocurrencies have become an integral part of today’s financial market, Flare Finance’s decision to work with Ripple is a smart move. Ripple has long been in direct competition with MasterCard, SWIFT, and banks, but the company continues to outpace them.

Companies like Ripple make cross-border payments more accessible and hassle-free. The digitalization of all processes from transferring transactions to receiving has fundamentally improved to offer the best possible experience.

According to the executives, Flare Finance provides XRP and Spark uses the cheapest and faster experience thanks to Flare Network and XRP Ledger’s superior architecture. The company’s goal is to expand XRP uses cases by integrating new virtual machines to execute smart contracts. Flare Networks will do this through Xpring, Ripple’s investment arm. Since the first week of October, Flare has caused great hype in the crypto and XRP community for the launch of this project.

Ripple CEO: We Have Obligations in Solving Political Issues

United States -Ripple’s CEO, Brad Garlinghouse, announced that the company does not plan to follow Coinbase’s plan regarding banning politics from the workplace. Coinbase hit the headlines last month after writing a blog post announcing its rules and regulations of non-engagements on political and social issues.

According to Armstrong, he does not want to debate causes or political candidates internally or engage with unrelated situations to their goals and missions. Armstrong also added that the company would have an apolitical culture and focus more on making profits and advancing crypto and Coinbase’s services.

After rejecting a CNBC interview, Ripple CEO Brad Garlinghouse claimed that, in his opinion, tech companies have obligations toward solving societal and political issues. Ripple’s mission is to seek positive outcomes for society and bring better values to people. Companies that promote a better and convenient society should lean into being part of the solution.  However, Coinbase declined to comment on Garlinghouse’s opinion.

According to some reports, Coinbase has offered severance packages to its employees wanting to resign or quit the company over its new work culture. About 5% of Coinbase’s staff took the offer and quit jobs. On the other hand, Ripple continuously promotes corporate activism and offers employees paid time off to volunteer and vote in the upcoming presidential election.

With a strong commitment to a better future, Ripple’s XRP remains one of the market’s biggest cryptocurrencies. It paves a new way for millions of people to experience faster and safer money transfers. Since this digital platform is open-source, it enables quicker and cheaper processes compared to banks. According to Ripple’s CEO, they will continue to save time and cost issues with traditional settlement systems, such as SWIFT and PayPal.

Thanks to technology’s great scalability, Ripple can process up to 1,500 transactions per second. To prove this point, TechCrunch’s founder, Michael Arrington, reportedly sent $50m (£39m, €43m) in XRP, and the transfer time only took two seconds and only cost him 30 cents for the processing fee.

Indeed, Ripple’s primary objective is to create a payment system that can facilitate fund transfers in international and domestic markets. Although it is unclear what Ripple is working on for the next years, investors will surely run to exchanges and participate in Ripple’s mission towards a better future. Ripple assures the public that the company will continuously promote corporate activism and become a part of societal solutions.

XRP Will Experience a Parabolic Breakout Like Ethereum

United States – Since XRP’s cost action has been slightly dull at the beginning of 2020, many investors and purchasers had difficulty getting control of the currency. Although the absence of momentum is not new to the digital platform, the token has been stuck within a macro debt consolidation stage for many months.

Some reports also revealed that some of XRP’s neighborhood, including the so-called “XRP Army,” had dried up and carried on to other jobs. However, some critics claim that XRP still has enough development capacity since millions of traders only see this situation as a short-term lorry to supply higher gains and see parabolic relocations.

One expert claimed that XRP has some striking resemblances to Ethereum’s cost action. It insinuates that the platform might see some massive benefits that can level up XRP towards its resistance by the end of 2020.

As of October 25, 2020, XRP is trading up around 1%, and its existing cost is around $0.255 in between lows of $0.24 and highs of $0.26. Therefore, some sellers and purchasers are having a difficult time establishing or receiving their momentums.

If XRP continues breaking above the upper border of this trading variety, this digital asset can continue towards higher levels within the upper $0.30 area. Fortunately, the purchasing pressure is currently great and might stay constant while the broader market stays bullish.

Analyst claims XRP might be setting up for a big push. While sharing ideas, he discussed that the company anticipates some short-term benefits and follow Ethereum’s steps. If XRP tokens begin gaining some greater results through Ripple’s partnerships, the rice pumps will not feel and will surely be backed by more traders.

Since companies like Ripple outperform banks in pricing, speed, and overall customer experience, many critics said that it would surely deliver a much better performance in the next years than old bank technologies.

XRP runs with completely modernized core business processes and offers better operational efficiency. It is crucial to explore new ways to optimize Ripple’s XRP and attract more customers in this context.

To keep an excellent pace with the current trend, Ripple’s XRP strives to refresh its offerings and function flawlessly in Europe and Asia. The digitalization f money transfers should offer the end customer the best possible experience. Currently, Ripple is working successfully with plenty of banks, and most of them are processing almost 50% of their total transactions using XRP.

Ripple CTO Brad Garlinghouse Addresses XRP Concerns

United States – Ripple’s XRP has become an integral part of today’s financial market. According to Ripple CTO Brad Garlinghouse, the company continuously examines the advantages and disadvantages of this payment system and takes an in-depth look at better innovations. Since 2019, over 90% of XRP belongs to escrow accounts that the company is inspecting. This situation is one of the things that Ripple take very seriously.

As a company that solve cross-border payments, Ripple wants to deliver better services and understanding in the market. Garlinghouse said that Ripple currently sells XRP to fuel cross-border payments using the On-Demand Liquidity instead of selling it on crypto exchanges for cash.

Furthermore, Ripple CTO Brad Garlinghouse also confirmed its possible relocation outside the United States due to the new and unclear regulation regarding blockchain technology and cryptocurrency. Some of the countries that Ripple consider are the United Kingdom, Switzerland, the United Arab Emirates, Japan, and Singapore.

However, Garlinghouse revealed that Japan had been one of Ripple’s most prominent markets, and the company has a very successful partnership with SBI, one of Ripple’s largest outside investor. SBI’s CEO is a smart innovator and pioneer plenty of things about technology and finance. Therefore, there is clarity that Japan might be the next Ripple headquarters.

Regarding Ripple’s popularity, Garlinghouse claimed that the company continues to provide better services than most banks in the United States. Since blockchain technology is faster, XRP delivers better performance in many areas than the traditional bank services.

Companies like Ripple outperform many banks in terms of pricing, API integration, speed, and overall customer experience. Therefore, critics appeal to financial institutions to develop new solutions and strategies. Otherwise, young companies like Ripple can steal thousands of customers. To stay competitive, banks need to level up their approach and catch up with the latest innovations.

Since 2019, Ripple has been working successfully with various banks across the US and Europe. These financial institutions use XRP o process cross-border payments in real-time. According to Ana Botin, Santander Bank’s CEO, almost 50% of their total transactions used Ripple’s One Pay FX.

In the past year, XRP has paved the way for many exciting opportunities. It is currently the fourth-largest cryptocurrency, and many investors see the platform’s future potential. Ripple’s XRP has excellent scalability, and many believe that it’s just a matter of time until the global economic system switches to cryptocurrency, especially Ripple’s XRP.

Ripple Eyes Moving to London Over US New Regulation

London, United Kingdom – The $10 billion financial technology company, also known as Ripple, is considering a new location for its headquarters due to the United States’ new regulatory environment. Fortunately, many countries have provided support assurances, including countries in Asia and Europe.

According to the company’s CEO, Bard Garlinghouse, he already visited London last month, and he finds it more XRP-friendly than other cities. Besides that, the United Kingdom is a clear taxonomy, which is great news for Ripple. According to Garlinghouse, XRP will not act as a security but as a currency in London. With that clarity, London can be very advantageous for Ripple.

Aside from the United Kingdom, Garlinghouse revealed that they also put other countries, including Japan, Switzerland, Singapore, and the United Arab Emirates, under consideration. These nations give more potential for Ripple than in the United States.

For over five years, many Asian countries, especially Japan and Singapore, have been using cryptocurrencies. Unlike in the US, these countries allow cryptocurrency platforms to operate and don’t conduct strict digital assets regulations.

Currently, Ripple is based in San Francisco and provides various cross-border payment services for many companies and institutions. Since 2018, Ripple’s marketing, sales, and holdings have reached millions. Unfortunately, they have been put under the United States’ regulatory review for “potentially violating” security laws. However, Ripple confirmed that they want to avoid further regulatory disputes, pushing the company to consider relocation.

Among all the countries that Ripple consider, Japan and the United Kingdom are the top priorities. According to the Financial Instruments and Exchange Act, these countries do not consider virtual currencies as securities. This digital asset has been legalized in Japan as a payment form since 2017 under the Payment Services Act.

Furthermore, London works very closely with SBI Holdings. This city is one of Ripple’s fastest-growing markets, and Ripple is looking forward to discussing it with London’s leaders. Another aspect is its popularity in the United Kingdom. According to Garlinghouse, many crypto investors in London prefer XRP to any other digital asset.

Brad Garlinghouse has revealed tons of insights about the company’s relocation. This enterprise is no longer safe in the United States, and moving to London, where XRP is considered a currency, is crucial. Although Ripple is still legally fighting against investors that claim XRP is an illegal and unsafe platform, it is clear that the company will continue operating under a safer and more welcoming nation.

Ripple’s XRP Approaches the Critical Resistance Level

United States – Ripple’s XRP has enjoyed a great start this October. Last Monday, October 19, the platform received a 2.3% increase at it move towards the $0.255 level of resistance. Currently, Ripple’s XRP is the fourth-largest cryptocurrency behind Bitcoin, Ethereum, and Tether. It seems that this digital asset has risen from $0.242 to a high of $0.255, which is much closer now to bitcoin. If XRP continuously cracks this level, it can jump up to 15%.

Furthermore, the accounts that hold over one million XRP has increased in the past months. Most investors currently hold between $240,000 and $2.4 million in XRP each, which brought a significant increase and upward pressure on XRP’s price. After fairly uninspiring weeks, this digital asset has seen an excellent price rise, and investors with deep pockets believe that its price will continue to rise.

There may not be an obvious strategy behind XRP’s massive increase, but its reliability for cross-border payments surely helped. According to Ripple’s CTO, David Schwartz, any investors turn to Ripple’s XRP as a direct response to the post-pandemic inflation threats. Some people believed that the world would experience hyperinflation, forcing investors to bet on gold and digital asset safely.

Since 2019, Ripple has teamed up with many reputable banks in different parts of the world and merge their services. This company offers a premium and convenient experience to retail cryptocurrency investors, especially in the United States and the United Kingdom.

Ripple’s sudden gains have indeed brought a notable crypto asset to the industry. According to Coinmarketcap, Ripple’s XRP has seen a price rise in the last 14 days. Also, XRP stands very closely to Tether, making Ripple more committed to becoming the third most valuable crypto asset.

Consequently, wallets holding one to ten million XRP has been steadily increasing. Many institutions and companies have joined the platform, representing many percentages in a short period. Since Ripple’s XRP feature quicker and cheaper transactions, many people believe that this digital asset can be a reliable and long-term viable business model. It provides tangible services, including cross-border payments, that are essential in the world’s current situation.

Like Ethereum, XRP’s price will continuously ascend over the next months. While many whales have been loading up on this digital asset, the demand will still increase and reflect its prices. Despite some ambiguity that XRP presented last year, its market value still favours the industry.