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 Buys $46 Million XRP to Support ‘Healthy Markets’

The United States – Before 2020 ends, Ripple decided to buy $46 million XRP for the first time, despite owning nearly half of the currency’s supply. According to Ripple executives, this purchase aims to support “healthy markets” and attract more investors. A Ripple spokesperson confirmed that the company would continue to purchase XRP to support new projects, including the On-Demand Liquidity (ODL). The ODL solution utilizes XRP for fund transfers.

Although Bitcoin has the strongest correlation with other cryptocurrency assets, XRP has managed to bounce back and take off higher. Ripple believes that purchasing the $46 million XRP can help the digital asset and lean towards XRP’s dull price.

According to the executives, the $46 million can help Ripple’s new product, Line of Credit, in attracting more customers to buy XRP on credit. With this strategy, it is clear that Ripple is building new ODL capabilities to use XRP liquidity in long-term use dynamically.

Despite holding nearly half of XRP’s supply, Ripple still actively works to bridge cross-border payments and help more global banks in different countries. Despite the coronavirus pandemic, Ripple has impressively maintained its stance on programmatic sales and did sell XRP very well.

This fourth most valuable cryptocurrency has indeed experienced huge transactions this 2020. Large investors are keenly rushing to purchase the undervalued crypto. Thousands of people believe that Ripple’s XRP will surely become better than Ethereum and Bitcoin in 2021.

Since Ripple plays dual roles, it is cheaper and faster than other altcoins as a currency and a payment platform. Unlike its crypto rival, Bitcoin, Ripple has gained plenty of attention from the most prominent global banks, including Standard Chartered and Barclays, for cross-border transactions.

Last quarter, Ripple announced its new beta service called Lie of Credit, which allows more customers to purchase XRP on credit directly from Ripple. With this project, more customers can use this digital asset and accelerate their business performances and scales. Line of Credit aims to reach new customers and enter new markets. According to Ripple, ODL customers have piloted this project, and the initial reviews are overwhelmingly positive.

With the latest “Line of Credit” beta service, Ripple will start buying XRP to reduce supply. Many in the community worries about oversupply that might lead to poor price performance throughout 2021. However, Ripple assured that they will prevent it from happening and will continue to support healthy markets.

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’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.

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.

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 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.