Dubai-Based Currency Exchange Signs up with Ripple - XRP Latest News
UAE Exchange has now adopted Ripple to facilitate its cross-border payments – as Arabian Business reported back in August - making it the largest UAE-based exchange to incorporate blockchain technology into its daily operations.RippleNet, Ripple's enterprise blockchain network with over 100-member banks and financial institutions, enabled instant, seamless and transparent payments, and is increasingly seen by the financial industry as the optimum platform for such transfers.
UAE exchange has sought to position itself at the forefront of fintech in the region with a number of investments in and collaborations with start-ups and technology specialists, including Souqamal.com."It's one of a litany of bills that we're running that is sending a signal to everyone in the United States, and possibly throughout the world, that Arizona is going to be the place to be for blockchain and digital currency technology in the future."The Arizona Senate passed a bill on Feb. 8 to allow residents in the state to pay their taxes with cryptocurrencies, public records indicate.Department of Revenue.
THE Arizona Senate passed a bill early this week which could allow its residents in the state to use bitcoin and other cryptocurrencies to pay their taxes.The team at Zebpay is excited to add one more cryptocurrency for its users to buy and sell. XRP/USD recorded an all-time high of $3.3 on 4th January 2018. Consequently, not long ago, the cryptocurrency exchange site had added Litecoin and Bitcoin Cash to the growing number of virtual currencies traded on the platform.
The news for Ripple and Zebpay come almost a week after the Indian Finance Minister, Arum Jaitley announced that the government was going to ban all cryptocurrencies.Zebpay, one of the leading cryptocurrency exchange in India, is now supporting XRP. So, after Bitcoin, Bitcoin Cash and Litecoin, the exchange with more the 3 million customers chose the next cryptocurrency to add to their offer.The indian cryptocurrency market has been growing really fast, despite all the talked regulations in the country. Subhash Chandra Garg, secretary at the department of economic affairs, said that the government is set to regulate cryptocurrencies in India.
“We hope that within this year, the committee would finalize its recommendations and then it would require legal changes, regulatory assignments, but certainly there will be regulations by the end of this financial year,” said Mr. Garg at the CNBC TV18-Mint event.here are few people who can generate the amount of excitement among the cryptocurrency community as Ripple chief Brad Garlinghouse.
In front of a packed house at the Yahoo Finance All Markets Summit for Crypto in New York on Wednesday, Garlinghouse spoke with his former employer about his payments startup Ripple and XRP, the digital coin in which Ripple holds a 61% stake and which advanced a whopping 32,000% in 2017. He also revealed he is long BTC.Garlinghouse used the forum to announce that payments startup Ripple just signed LianLian, Chain’s No. 4 payments provider, to its blockchain-fueled xCurrent platform for cross-border real-time e-commerce payments.Chinese e-commerce market and provide a superior customer experience, LianLian International — a leading Chinese money service company licensed in Hong Kong with 150 million registered users in the region — has joined RippleNet to receive real-time, cross-border remittances, invoice payments and e-commerce payments.LianLian will use xCurrent — Ripple’s settlement solution that offers end-to-end tracking — to power cross-border transactions between China, the U.S., and Europe.
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