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Ripple clarifies their plan to have a ‘global footprint’ as a cross-border payments company

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Ripple clarifies their plan to have a 'global footprint' as a cross-border payments company
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Ripple is a payments company focused on facilitating cross-border payments with their innovative and proprietary products like xCurrent, xRapid, and xVia. In the recent episode of Ripple Drop, Ripple disclosed how they were planning to have a global footprint to understand the needs of their customers in different regions.

Jinal Surti, Ripple’s Director of Business Operations, spoke about expanding Ripple’s global presence. He said that they were hiring local team members as and when they opened new offices around the world. In addition, Surti said that they were also conducting regional events to facilitate the same.

Surti added:

“We are a cross-border payments company, by definition we have to be global because our customers are global, the regions behave slightly differently, so what we’re doing is we’re hiring teams that are closest to the customers in those regions to make sure that those regional differences are taken into account as we expand our presence.”

Apart from expanding their global presence, Ripple is also focusing on being more than “just a tech company”. Ken Weber, the Head of Social impact at Ripple, spoke about their $1 million donation to Tipping Point.

Weber stated:

“We recently announced a 1 million dollar gift a tipping point Tipping Point is a San Francisco based organization that works with a carefully selected portfolio of community-based organizations to help individuals and families in the Bay Area or are too poor to meet their basic needs.”

He added that Ripple was also concentrating on investing and engaging in initiatives that were creating a measurable social impact.

Ripple has become a leader in cross-border payment innovation due to massive partnerships with more than 250+ partners around the world. Furthermore, Ripple is setting a standard for other players in the same space.



@TonyVal76476318, a Twitter user, commented:

“Instead of wasting money on these crappy videos, give the money to crack heads in the bay area for charity. @ReinhardCate.”

@Sajjadc201, another Twitter user, commented:

“post some big news to recover the xrp market which already crashing and disturbed all xrp holders.”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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