Ripple & PayPal: Why PayPal Is Not Supporting Ripple’s XRP

United States – As the famous US global payment service PayPal has entered the world of cryptocurrency, many customers are asking why it does not accept Ripple’s XRP. Currently, PayPal accepts over 26 million merchants and the leading digital asset with the best mainstream exposure is Bitcoin.

Over 346 million PayPal users now have the option to use Bitcoin in trading. Despite Ripple’s recent growth, the company needs to catch up to receive recognition from PayPal.

Currently, PayPal users can only hold Bitcoin and Litecoin cryptocurrencies. However, they cannot transfer it to other accounts on and off PayPal. Many critics claim that the company will remain tight-lipped on the matter.

Crypto enthusiasts wonder why PayPal has skipped the fourth largest cryptocurrency now that it accepts other virtual currencies, such as Ethereum, Bitcoin Cash, Litecoin, and Bitcoin.

According to the latest interview, PayPal relies on the Securities and Exchange Commission (SEC) to determine which virtual assets to support. PayPal is looking for custody and trade additional tokens. Since the global payment service provider needs to expand more products to customers, they need to stay customer-driven, especially when it comes to security.

For instance, controversy circles around Ripple’s XRP after the US regulatory system consider the digital asset a threat to security. Unlike XRP, Bitcoin, Bitcoin Cash, Litecoi, and Ethereum have essential differences from XRP.

Will this restriction be relaxed in the future? According to some crypto critics, there’s a huge possibility that PayPal will support XRP in transactions and withdrawals anytime soon. The reaction of crypto enthusiasts has been mixed since some have publicly bashed PayPal for not giving users access to XRP.

In terms of services, PayPal and cryptocurrencies mirror features available on the rival platforms RobihHood and Square. These two companies are one of the most prominent advocates of cryptocurrencies.

In 2019, Square already supported cryptocurrency and allowed users to withdraw Bitcoins. Regarding RobinHood, its headquarters confirmed that they would soon send a green signal for Bitcoin withdrawals.

Fundamentally, Ripple’s XRP and PayPal sound more conflicting than its partnership with Bitcoin. Once Ripple gained recognition from PayPal, it can be a giant leap in Ripple breaking out of its niche. Despite many concerns, it appears that PayPal will only support XRP if it is considered a currency, not security, in the United States.

Many businesses have been somewhat anticipating PayPal’s approval of Ripple since many global banks are now using XRP for cross-border money transfers.

Ripple CEO: How the US Regulatory Uncertainty Affected Ripple

The United States – This 2020, Ripple has been poised with a challenging year. The company CEO Brad Garlinghouse shared that they are still considering leaving the US due to the United States’ strict regulations regarding XRP.

Countries like the United Kingdom, Japan, and Singapore have clear regulatory dynamics for digital assets, unlike in the United States. According to Garlinghouse, the US Regulatory system lacks cohesion and clarity.

The Ripple CEO also shared that in the US, crypto companies are competing with different regulatory environments. Some would say cryptocurrency is a commodity, while others will consider it as a virtual currency alone. However, many critics say XRP is connected to security. This claim makes it difficult for Ripple since it makes the regulatory confusing.

According to Garlinghouse, Ripple’s headquarters will stay in the US if it becomes clearer and solid. This way, they can continue to grow and invest in more businesses in the country. Currently, the US government is still not assuring to crypto businesses than Japan and the United Kingdom authorities. The US Regulatory uncertainly will affect Ripple since it is one of XRP’s strongest markets.

Nevertheless, countries like Japan, Singapore, and the United Kingdom give Ripple enough clarity about the firm’s safety. Also, Japan has Ripple’s major investor, namely SBI Group, one of the most prominent companies that utilize XRP for cross-border money transfers. Garlinghouse confirmed that they would soon relocate if the regulations will stay the same in the US. Ripple has many potential destinations since many governments have created assurance and clarity about how they will consider XRP.

Garlinghouse criticized the US regulators for being undecided on XRP, making it difficult for Ripple to operate better in the US. According to the CEO, the US regulation should not be a guessing game, where authorities cannot conclude cryptocurrencies as property, security, currency, or commodity.

In contrast, Asia countries are very clear about their stance on digital assets for over five years. Although Ripple resides in San Francisco, it still provides cross-border payment services for various financial partners worldwide. The company currently holds billions of dollars’ worth of XRP.

If the US government does not make any changes, digital assets like XRP can underperform, according to Garlinghouse. Unfortunately, Bitcoin is the only virtual currency with the hall pass. This situation creates an atmosphere where big banks might stop partnering with Ripple and stop using XRP-based ledgers.

Ripple Builds New Product With PayString Trademark

United States – Ripple Labs Inc. has confirmed its new trademark with PayString. PayString trademark registration is essential for electronic financial services, such as disbursing and receiving monetary gifts and remittances. Ripple uses PayString for transferring fiat and virtual currencies over a computer network.

Since the launch of XRP Ledger in 2020, the San Francisco-based firm has already established dozens of partnerships with prominent banks worldwide. Following the recent launch of Line of Credit, Ripple has announced its new PayString trademark that was submitted last November 6, 2020.

Many XRP enthusiasts believe that Ripple is currently developing new technology or product that might be suitable for e-commerce. Currently, Ripple’s XRP has overcome many obstacles and enables the company to raise new capital quickly through the XRP Ledger.

In the past weeks, Ripple released several headlines, including the massive increase of the average daily XRP volume. The headlines show a significant boost in Ripple’s sales, especially in adopting the On-Demand Liquidity.

Many critics speculate that Ripple is again working on a new interesting product. Since “PayString” has similarities to “PayID,” the trademark might also act as a universal payment identifier with a free standard. PayString’s goal might focus on increasing interoperability between different networks. Some claim that PayString can function like PayID, a standardized format that supports over 40 globally active companies, especially in e-commerce.

Currently, Ripple is the fourth most valuable Fintech company worldwide. The firm recently launched a new product called “Line of Credit,” which allows ODL customers to take out credits using XRP. This new product can help hundreds of companies overcome financial obstacles and raise better capital more conveniently using the XRP Ledger.

News reports yesterday confirmed that Ripple would continue to rise in the next months. The company is currently worth $10 billion, which is $2 billion ahead of Coinbase and $2.4 billion ahead of Robinhood. The latest release of several Ripple products enables RippleNet customers to raise capital on demand. Many critics claim that the community has a huge impact on XRP’s excellent performance.

Ripple assures the public that they will soon expand more services to more markets and customers worldwide. Through the latest Line of Credit, more people can manage their day-to-day businesses and reach more customers quickly.

With PayString, Ripple can release a reliable payment service that is essential for receiving and transferring remittances and exchanging fiat currencies and virtual currencies in real-time.

Ripple’s XRP Could Surpass Bitcoin in 2021

United States – Although the cryptocurrency market is slowly moving due to the coronavirus pandemic, Ripple’s XRP has still sustained the uptrend. The world saw XRP’s comeback in September when the government started to reopen the economy. Following its impressive weeks, where XRP achieved a new yearly high, many critics claim that this digital asset can outperform Bitcoin in 2021.

Everyone knows that Ripple ad Bitcoin and two of the most prominent cryptocurrencies in this decade. Though Bitcoin has been known for international bank payments, Ripple outperformed it in peer-to-peer payments and cross-border money transfers. More people from different countries prefer Ripple’s XRP since it is cheaper and faster than Bitcoin and other banks.

Indeed, Ripple is more affordable and accessible to people who want to move money around internationally. Bank transactions are often costly since the funds pass through various intermediaries. On the other hand, Ripple transactions cost cheaper and only cost at an average of $.0001 or 1/100th of a penny.

Regarding Bitcoin, the transaction fees usually cost $0.50, which is higher than Ripple. During these trying times, Bitcoin’s average fees have gotten as high as $55.16 per transaction.

Regarding the transaction speed, Ripple is also the winner. This year, Bitcoin transactions take about ten minutes, while Ripple’s only takes a minute or less. Again, Ripple has shown more convenience to its customers. When it comes to price, Ripple has over 100 billion XRP, while Bitcoin only has 21 million BTC. This situation means that XRP’s market capitalization spreads 4,761.9 faster than BTC.

XRP’s low price is more appealing to investors since it offers more room to grow than BTC. Although Bitcoin has a better decentralization, Ripple performs better in terms of speed and affordability. With Ripple’s XRP, more people can move money across borders quicker and cheaper. The company also shows a promising future in the years to come.

Many crypto enthusiasts have strong beliefs that Ripple can outperform Bitcoin in 2021. Currently, many startups are developing systems that can help people use XRP in transferring funds.

Additionally, more banking institutions, such as the Japan Consortium Banks, adopt Ripple’s payment technology to offer Blockchain-based solutions. Recently, Ripple confirmed that some Gulf banks in Saudi Arabia and the UAE had adopted its system to support cross-border payment transfers in the Middle East.

Indeed, Ripple is not an average currency. It offers something unique to other altcoins. It is vital to understand Ripple’s capabilities since it presents a solid investment opportunity for different companies worldwide.

Ripple Starts Dubai Headquarters Amid Rumors of Relocation

Dubai, UAE – Blockchain company Ripple has revealed that it will open its new regional headquarters in the Dubai International Financial Centre (DFIC). The DIFC is a well-known and reputable financial hub in the MENA region that promotes a tax-free economic one with an English-language law system. It also does not impose any restrictions on cryptocurrency and foreign ownership.

Ripple CEO, Brad Garlinghouse, announced that the San Francisco-based firm would relocate its headquarters overseas due to the United States’ new regulatory regarding XRP. Fortunately, Dubai is a clear taxonomy, and the country does not consider XRP as a threat to security. With this clarity, it would be advantageous for the company to operate in the United Arab Emirates.

Since October, Ripple has been busy with its legal battle with many cryptocurrency investors that accuse XRP as an unregistered security. The company disputed all allegations and proved that all misleading statements about XRP are wrong.

Meanwhile, the US Securities and Exchange Commission claimed that XRP comes with many uncertainties than Bitcoin and Ethereum. The “security” label matters to XRP since it does not operate the same way as other altcoins. If Ripple does not do something about this issue, it could heavily impact the digital asset. Although Ripple claims to be independent, it owns 55 billion of the total 100 billion XRP worldwide.

Because of Dubai’s unique regulatory environment, Ripple decided to build its regional headquarters in DIFC. Currently, this area already registered over 100 fintech firms and more than 400 startups. Fortunately, the DIFC Authority, Arif Amiri, considers Ripple an exciting and reliable addition in Dubai this 2020. The CEO also claimed that Ripple would surely enhance its development in Dubai.

Since Ripple is well-regarded globally for innovation, it can be a perfect partner and client for DIFC, given its vision to drive the future of finance. Together, Ripple and DIFC can expand blockchain finance in Dubai, UAE, and other regions.

Currently, the San Francisco-based firm already built strong connections with oil-rich Middle Eastern countries. The executives also have a significant client based in the MENA region, and the opportunity to expand its business made DIFC an excellent choice. As reported today, the UAE is one of the options for relocating Ripple’s main headquarters.

Aside from UAE, Ripple also considers Japan, the United Kingdom, Switzerland, and Singapore as possible destinations for Ripple’s main headquarters. These countries have been showing support to the company since 2019.

Ripple’s XRP Just Reached Its Pivotal Level

United States – Ripple’s XRP sets to close the October month, with over 25% gains in volume. Ripple’s latest announcement has boosted the digital asset price and other cryptocurrencies, including Chainlink, Litecoin, and Ethereum. The XRP price surged after tons of massive XRP transactions worth over $100 million. The company has seen a strong rebound this month that executives have revealed some gains.

Despite seeing a difficult climb during the coronavirus pandemic, Ripple’s XRP remains to excel at almost $0.30, despite its competitors’ strength across the aggregated market. As XRP continues its journey towards $0.30, it seems that some altcoins are striving to catch up. Bitcoin runs closely to its critical resistance level, and Ethereum has boosted its price by 3%.

Currently, XRP is trading around $0.25, which is 5% higher than its original price last October 1. According to critics, this price is slightly positive for the embattled token holders.

Ripple executives assure the public that they are engaging in new efforts to drive better utility to the token. There is also a strong possibility that it will come closer to other altcoins’ values. One analyst explained that although Ripple’s XRP is progressing slower than Bitcoin, there is a strong chance that it will soon reverse and reach a pivotal point.

Thanks to the overall market strength, Ripple’s XRP has managed to recover from the economic crisis due to the coronavirus pandemic and cracked its pivotal level, turning it into a support level. Furthermore, the increased XRP adoption is getting more fulfilled with increased acceptance due to Ripple’s marketing strategies in partnering with leading global banks.

Although Ripple has faced tons of obstacles this 2020, the company remains encouraged in developing innovations. Ripple’s CTO, Schwartz, commented on JPMorgan’s official launch that XRP aims to serve as an instrument to boost and enhance international payment capabilities.

Ripple’s XRP and other cryptocurrencies have been braced for volatility this 2020. However, the digital asset is about to reach its price target for this year. Although XRP slipped sharply last April, buyers still strived to wrest back control and push the price up again. It may not all be sunshine and roses for the buyers and traders, but its chart is an excellent signal that Ripple’s XRP will surely exceed its pivotal level.

For most of the pandemic, Ripple’s XRP remained competitive in the crypto industry. Although it led the company to decouple for weeks, XRP’s uphill climb increases the belief that this digital asset will hedge against inflation’s tidal wave.

Ripple XRP Volume Increased by Over 10% This 2020

United States – Sine the world is walking closer at the end of 2020, cryptocurrencies worldwide are striving to hit their highest points. One of the most successful digital assets that hit the highest is Ripple, which reached its all-time high of $3.65. With the year drawing to an end, many critics predicted that XRP’s price would go even higher by December 2020. This prediction caused many investors to buy more tokens and trust Ripple.

According to the recent report, the average daily XRP volume has increased by more than 107% in the third quarter. The total XRP revenue for the second quarter is $35.85 million, and it increased by more than 10% this month.

Currently, the average daily XRP volume increased to $403.58 million in Q3 from $196.28 million in Q2, which is great news for the XRP holders and investors. Thanks to Ripple’s new payment solution called the On-Demand Liquidity (ODL), the San Francisco-based firm earned a significant increase in network usage.

Furthermore, Ripple also revealed that the total XRP sales net is now at $35.84 million, which is way higher than last year’s $32.55 million. The company stated that they remain focused on over-the-counter leases and sales to provide sufficient liquidity to certain ODL customers. Since Ripple has now earned 3 billion XRP, they returned the 2.4 billion to the escrow account.

According to Ripple’s executives, they will freeze 55 billion XRP in escrow and release one billion XRP every month. Although this measure received some backlashes, it still resulted in XRP’s excellent performance this 2020.

A report states that Ripple is one of the most productive digital assets that made gains between 5% and 14%. Therefore, some critics are warning Bitcoin to overcome its resistance area near $12,000. Although Bitcoin has doubled its price this year, finding support from the investors is still difficult.

Unlike Bitcoin, XRP has proven its extreme resilience and come to the fore during the pandemic. Ripple’s representatives stated that they would continue to help customers raise capital on demand and soon expand the company’s services to other markets and customers in different countries.

For healthy market growth, Ripple has been repurchasing large quantities of XRP. According to the executives, this strategy helps the company promote adaptation and growth and continuously stimulate the market.

More investors are getting interested in Ripple’s XRP due to its lower fees and faster transaction times for arbitrage trading. According to experts, this digital asset will soon become the fastest and more efficient cryptocurrency than Bitcoin and Ethereum.

Ripple’s Latest XRP Ledger Upgrade Is a Gamechanger

United States – Ripple’s XRP remains the next reliable cryptocurrency to Bitcoin and Ethereum. The digital asset continues to climb higher and build stronger momentum. According to Ripple’s CEO, David Schwartz, the network strives to build new partnerships with global banks and other payment providers to enable more people worldwide to transfer money instantly.

Currently, over 300 financial institutions from different countries use Ripple’s XRP in facilitating international money transfers. Although the digital asset’s value is not an all-time high, Ripple continuously performs very well this 2020.

A recent report revealed that David Schwartz confirmed the latest game-changing XRP Ledger feature that expands the network’s decentralization. However, the upgrade is still limited to Rippled 1.6.0, so it can still conveniently check bugs.

According to Ripple’s CTO, this latest XRPL update is an absolute gamechanger. The system now uses the so-called “Unique Node List” or UNL containing all participating validators. The update primarily targets malfunctioning and offline validators due to external circumstances, such as internet problems, hardware maintenance, or attacks.

According to Schwartz, the developers are still checking the latest update for further possible errors; that is why it is not yet available live. With the recent XRP Ledger upgrade, it will be easier to find validators based on various criteria and connect them to the network. When choosing a validator in XRPL, performance isn’t the only criterion. Some of the factors that Ripple consider are network redundancy, institutional commitment, jurisdiction, and commitment to the network.

The biggest advantage of this game-changing update is it will be more accessible to say ‘yes’ to a wide variety and diverse validators, even when they are only running a tiny machine on a single residential connection.

Furthermore, David Schwartz also confirmed that the latest XRP Ledger upgrade could minimize the risk of integrating new validators with the network.

At the time of writing, Ripple has gone up more than 20% in 2020. Earlier this year, the digital asset has hit an all-time high of $3.84, attracting more investors to share some money to Ripple. The Ripple community is also talking about the long-anticipated Ripple-Apple partnership.

Many people think integrating Ripple’s technology to Apple Pay can make fund transfer faster and more convenient. Some critics claimed that there is no doubt that Ripple can be very beneficial to Apple. However, the San Francisco-based firm has not confirmed anything yet.

Does Ripple Make XRP Holders Rich Like MoneyGram?

United States – This year, Ripple has been building stronger relationships with remittances firm like MoneyGram. According to the recent report, MoneyGram holds $9.3 million in XRP incentives during 2020’s third quarter. On Wednesday, the company revealed that Ripple paid $9.3 million, but the $400,000 has been used for trading and transaction expenses.

The partnership between Ripple and MoneyGram attracts more investors as the crypto firm continuously pumps millions of dollars into the remittance firm. Over the past few months, Ripple has shown evidence that it is heading for greener pastures.

According to Ripple, they will continue to do everything to maintain an excellent and productive partnership with MoneyGram. Since the San Francisco-based firm handed over $9 million to the remittance firm, Ripple is surely a part of MoneyGram’s success for its success this 2020.

Brad Garlinghouse, Ripple’s CEO, congratulated MoneyGram for its digital growth transformation, and he claimed that the company would surely bring more benefits for consumers in the next years.

While everything is good for MoneyGram, Ripple’s XRP fell more than 30% this year due to the coronavirus pandemic, making some XRP holders worry. However, critics said that XRP is now facing an uphill battle, and the cryptocurrency is on its way to greener pastures.

Investors and other XRP holders don’t have to worry since the demand continuously get stronger and might even start a new upward countdown. Some reports also claimed that the XRP price could gain more strength in slicing through the overhead resistance, especially this month, when the government is opening up the economy.

Ripple uses a unique Interledger protocol, which routes payments faster and more cost-effective. It attracts more global banks and remittance companies in supporting XRP. Ripple’s overall system increases transaction processing speed for more convenient cross-border transactions.

According to Ripple, three out of five money transfer agencies worldwide are now considering XRP as a liquidity solution to provide faster money transfers for the consumers. MoneyGram and Western Union are two of the clear evidence that Ripple will continue to expand.

Investing in Ripple’s XRP may be risky and speculative, but its supply and demand this 2020 proved that Ripple continuously strives to provide a better future for its investors and partners. The company’s mission is to help all international transactions worldwide and make everything more convenient. It may be pretty ambitious, but many critics claimed that this currency exchange would not disappear in a few years.

XRP Accumulation Builds Enormous Breakout Against Bitcoin

United States – Ripple’s XRP and Bitcoin are two of the most trusted cryptocurrencies in the United States. Although XRP has barely increased in the few months, this digital asset has received more hype than Bitcoin.

While Bitcoin remains a digital currency for purchasing goods and services, Ripple improves its service as currency exchange, remittance system, and payment settling. Ripple’s mission is to provide a better and more convenient system for direct transfer of assets, such as money and gold, almost real-time.

According to the recent report, Ripple whale continues to accumulate large XRP supplies while XRP is bleeding out against BTC. It is hard to imagine Bitcoin when it is currently falling, but sometimes, there’s something more behind the scenes that the company plans for a massive move and change.

At the time of writing, Ripple has spent almost three years staying behind Bitcoin. Since mid-2019, XRP has done a lower trade while grinding lower. The silent XRP accumulation of whales matches the same scenario as Bitcoin did before its most recent breakout. Tons of whale-sized BTC wallets continuously increased until the supply was not enough to go around. Now, it could be Ripple’s turn.

According to some reports, one million or more Ripple XRP wallets have increased by at least 20%, while wallets with over ten million grew by 10%. With these percentages, prices rapidly increased, and thousands of investors worldwide tried to catch the breakout. When Ripple’s XRP broke out, the moves became very substantial, and the digital asset outperformed Bitcoin.

In the past few weeks, the public saw a sharp increase in Ripple’s resistance area. XRP price surged above the $0.25 level and settled very well. Indeed, Ripple has carved out a reliable niche in hosting cross-border payment than Bitcoin.

One of the prominent companies that partnered with Ripple is American Express, which moves corporate funds between the United Kingdom and the United States through Ripple’s remittance system. Millions of people will continue to consider XRP since it erases the inconvenience of transferring money across borders.

Currently, Ripple is the most highly adopted cross-border transfer payments. It enables customers to settle, clear, and message fund transactions quickly, unlike PayPal and Swift.

Undoubtedly, Ripple has plenty of potential in expanding easier banking access through efficient cross-border transfers. Since millions of people are still relying on cash to purchase and sell goods and services, Ripple strives to give more banking access to the unbanked population. Since Ripple offers a more accessible platform, it continues to attract more investors and smart investment decisions.