Latest news with #RipplePayments
Yahoo
03-07-2025
- Business
- Yahoo
OpenPayd, Ripple forge stablecoin payments alliance
Financial infrastructure provider OpenPayd and Ripple have formed an alliance to enhance payment solutions for enterprise clients. The partnership will integrate OpenPayd's global fiat infrastructure, which includes real-time payment rails, multi-currency accounts, and virtual IBANs, into Ripple Payments, facilitating transactions in EUR and GBP. Ripple Payments, which employs blockchain and digital assets, aims to streamline cross-border payments and provide on/off ramps for financial institutions globally. It is also a part of the OpenPayd's stablecoin infrastructure expansion. OpenPayd will now offer direct minting and burning of Ripple USD (RLUSD), a USD-denominated stablecoin developed by Ripple. Enterprises can convert between fiat currencies and RLUSD while utilising OpenPayd's services, including account management, payments, and trading via a single API. Ripple Stablecoins SVP Jack McDonald said: 'Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need. This is how we accelerate real-world adoption of stablecoins at scale.' The stablecoin RLUSD is designed to support multiple use cases such as cross-border payments, global treasury management, and access to US dollar liquidity. The partnership aims to provide enterprises with the necessary tools to conduct and manage international monetary transactions effectively. OpenPayd CEO Iana Dimitrova stated: 'By combining Ripple Payments with OpenPayd's rail agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain. 'This partnership enables businesses to move and manage money globally, access stablecoin liquidity at scale, and simplify cross border payments, treasury flows and dollar-based operations.' Last month, OpenPayd partnered with Circle, the issuer of the USDC stablecoin, to combine traditional banking systems with blockchain technology, facilitating global business transactions. "OpenPayd, Ripple forge stablecoin payments alliance " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
12-06-2025
- Business
- Yahoo
Should You Buy XRP (Ripple) While It's Under $2.50? A Wall Street Analyst Says It Could Soar 150%
Geoff Kendrick at Standard Chartered thinks XRP will overtake Ethereum in terms of market value by 2028, implying nearly 150% upside in XRP at current prices. Guggenheim recently launched digital commercial paper on the XPR Ledger, a move that could make the blockchain a larger player in the tokenized assets market. The potential approval of spot XRP ETFs could unlock demand for the cryptocurrency among retail and institutional investors, driving its price higher. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) has advanced 13% year to date. It currently trades at $2.30 and has a market value of $135 billion as of June 10. But at least one Wall Street analyst thinks the cryptocurrency will be worth much more in three years. Geoff Kendrick at Standard Chartered recently predicted XRP would overtake Ethereum by 2028. To put that in context, Ethereum currently has a market value of $335 billion, so XRP must increase nearly 150% to reach the same level. That would bring its price to $5.70. Here's what investors should know. XRP is the native digital asset on the XRP Ledger, the blockchain developed by technology company Ripple to simplify cross-border transactions. Traditionally, banks have used the SWIFT (Society for Worldwide Interbank Financial Telecommunications) system to move money across borders, but transactions can be expensive and costly. The XRP Ledger is a faster and cheaper alternative to SWIFT. Ripple Payments lets financial institutions use the blockchain (with XRP as a bridge currency) to send cross-border payments. If banks and payment service providers adopt Ripple products, demand for XRP will increase and the token could become more valuable. However, the particular tailwind will likely be modest at best. In my opinion, the more likely catalyst is increased capital inflows as more retail investors and institutional investors buy the cryptocurrency for their portfolios. Asset manager Guggenheim recently tapped the XRP Ledger to issue digital commercial paper, a fixed-income asset backed by U.S. Treasuries. The XRP Ledger currently accounts for a small percentage of tokenized real-world assets -- which are forecast to hit $19 trillion by 2033 -- but the addition of tokenized debt to the platform is a positive development that could lead to more transactions on the network. However, not many financial institutions use XRP as a bridge currency, and I doubt that will change. Price volatility makes cryptocurrency a risky way to move money. Ripple has addressed that problem by creating a stablecoin called Ripple USD. Yet, while payments made in Ripple USD incur transaction fees denominated in XRP, those fees are small and the incremental demand for the cryptocurrency is negligible. For that reason, financial institutions using Ripple Payments are unlikely to be a material catalyst for XRP. The Chicago Mercantile Exchange, the largest derivatives marketplace in the United States, introduced XRP futures trading in May. Meanwhile, a few asset managers have rolled out XRP futures ETFs. Both create new ways for investors to trade XRP, but the most important potential catalyst is the pending approval of several applications for spot XRP ETFs. Spot XRP ETFs would own the crytocurrency and track its price, rather than trading futures contracts. In other words, spot XRP ETFs would give investors direct exposure to the cryptocurrency through traditional brokerage accounts, without the high fees associated with cryptocurrency exchanges. By reducing friction, spot ETFs could unlock demand among retail and institutional investors. Indeed, Bitcoin's price has skyrocketed 136% since spot Bitcoin ETFs were approved in January 2024. I think approval of spot XRP ETFs could lead to similar price appreciation, such that XRP could potentially overtake Ethereum by 2028. That makes XRP a compelling investment option. That said, I would rather own a spot XRP ETF than the cryptocurrency, so I plan to wait until those investment vehicles win SEC approval. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and XRP. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Should You Buy XRP (Ripple) While It's Under $2.50? A Wall Street Analyst Says It Could Soar 150% was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
21-05-2025
- Business
- Zawya
Ripple builds on Dubai regulatory license to announce Zand Bank and Mamo as first blockchain-enabled payments clients in the UAE
Dubai – Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced two new customers in the UAE utilizing Ripple Payments. Ripple Payments employs blockchain, digital assets, and a global network of payout partners to deliver fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide. Since becoming the first blockchain-enabled payments provider to be licensed by the Dubai Financial Services Authority (DFSA), Ripple has established partnerships with Zand Bankand Mamo who will utilize Ripple's blockchain-enabled cross-border payments solution. This functionality, paired with the new DFSA license, enables Ripple to manage payments end-to-end on behalf of its customers, moving funds across the globe 24/7/365, and settling payments in a matter of minutes – reducing time and friction, and making the movement of value in and out of the UAE dramatically more efficient. 'Securing our DFSA license enables Ripple to better serve the demand for solutions to the inefficiencies of traditional cross-border payments, such as high fees, long settlement times, and lack of transparency, in one of the world's largest cross-border payments hubs. Our new partnerships with Zand Bank and Mamo are testament to the momentum that the license has created for our business,' said Reece Merrick, Managing Director, Middle East and Africa, at Ripple. 'As the global cross-border payments market grows, the leadership demonstrated by authorities in the UAE to create a supportive environment for crypto innovation has positioned the nation and its native companies to benefit from the transformative power of blockchain technology to drive efficiency and innovation in payments." Ripple is seeing increasing demand for its payments solution across the Middle East from both crypto-native firms and traditional financial institutions. According to Ripple's 2025 New Value Report, 64% of Middle East and Africa (MEA) finance leaders see faster payments and settlement times as the biggest impetus for incorporating blockchain-based currencies into their cross-border payments flows. 'As a pioneering financial institution with a full-fledged banking license, Zand Bank is paving the way for a stronger digital economy by offering innovative financial products as well as AI and blockchain solutions alongside our institutional-grade digital asset custodial services,' commented Chirag Sampat, Head of Treasury and Markets at Zand Bank. 'Our collaboration with Ripple highlights our commitment to empowering global payment solutions through blockchain technology. Moreover, we are excited to soon launch an AED-backed stablecoin, designed to further enhance seamless and efficient transactions in the rapidly evolving digital economy.' 'The UAE is on an incredible growth path, with over a million businesses expected to call it home by 2030. At Mamo, we're proud to be at the forefront of this journey making global payments simpler and more accessible for everyone,' said Imad Gharazeddine, CEO and co-founder of Mamo. 'Our partnership with Ripple is a big step forward. It allows us to offer faster, more reliable cross-border payments for both businesses and consumers, helping companies across the UAE scale with confidence.' Ripple's simple, secure, compliant digital asset infrastructure means it is well-positioned to provide the core services that financial institutions need to tokenize, store, exchange and move digital assets. Ripple Payments has near-global coverage with 90+ payout markets representing more than 90% coverage of the daily FX markets, processing more than $70 billion in volume. Ripple's licensed payments solution is now available in Dubai, the U.S., Brazil, Mexico, Australia and Switzerland. Ripple has over a decade of experience in the digital asset space and holds 60+ regulatory licenses and registrations in various jurisdictions, including its DFSA license, which was granted in March 2025. About Ripple Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple's solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple's payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world tokenizes, stores, exchanges, and moves value. About Zand Bank Licensed by the Central Bank of the UAE, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy. Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank. Zand, the AI-powered bank for the digital economy. For more information, please visit About Mamo Mamo is a UAE-based fintech company that helps hundreds of businesses save time and costs by automating payment collection and corporate expense management through a single platform. In 2022, Mamo became the first fintech startup licensed by the DFSA with a Category 3C Providing Money Services license. For more information about Mamo and its services, visit
Fintech News ME
20-05-2025
- Business
- Fintech News ME
Ripple Secures UAE Partnerships with Zand Bank and Mamo for Blockchain Payments
Ripple has announced two new partnerships in the UAE for its Ripple Payments service. The cross-border payments platform, which uses blockchain technology and a network of global payout partners, will now be used by Zand Bank and Mamo. The development follows Ripple's recent approval by the Dubai Financial Services Authority (DFSA), making it the first blockchain-based payments firm to be licensed by the regulator. The DFSA license enables Ripple to offer end-to-end payment services in and out of the UAE, operating continuously and settling transactions within minutes. 'With the DFSA license, Ripple can address inefficiencies in traditional cross-border payments, including high fees, long settlement times, and limited transparency,' said Reece Merrick, Managing Director, Middle East and Africa at Ripple. 'Our partnerships with Zand Bank and Mamo reflect the momentum created by the licence. As the global cross-border payments market expands, the UAE's regulatory support for crypto innovation positions the country and its companies to benefit from blockchain technology.' Ripple noted that demand for its payments platform is growing across the Middle East, from both crypto-native firms and traditional financial institutions. The company's 2025 New Value Report found that 64% of financial leaders in the Middle East and Africa identified faster payment and settlement times as the main reason to incorporate blockchain-based currencies into cross-border transactions. Chirag Sampat, Head of Treasury and Markets at Zand Bank, said the institution is focused on supporting the UAE's digital economy through a combination of AI, blockchain services, and digital asset custody. 'Our collaboration with Ripple highlights our commitment to enabling global payments through blockchain. We also plan to launch an AED-backed stablecoin to facilitate more efficient digital transactions.' Ripple Payments currently supports more than 90 payout markets, covering over 90% of the global daily FX market and processing more than US$70 billion in volume. The service is available in Dubai, the United States, Brazil, Mexico, Australia, and Switzerland. Ripple holds over 60 regulatory licenses and registrations globally, including the DFSA license granted in March 2025.
Yahoo
13-05-2025
- Business
- Yahoo
XRP (Ripple) Investors Just Received Fantastic News From the Securities and Exchange Commission
XRP creator Ripple has faced scrutiny from the U.S. Securities and Exchange Commission since 2020. The SEC just agreed to settle its case against Ripple and reduced the proposed financial penalty significantly. This is great news, but it won't necessarily lead to sustainable upside for XRP. 10 stocks we like better than XRP › Many top cryptocurrencies are obtained through a process called mining, which involves using powerful computers to solve complex mathematical problems to help validate transactions on the blockchain. Miners play an important role in guaranteeing the security of the network, and they earn new coins for doing so. But the XRP (CRYPTO: XRP) cryptocurrency is different, because it's issued directly by Ripple, the company that created it. In other words, it's far from decentralized. This structure raised red flags at the U.S. Securities and Exchange Commission (SEC), and the agency ultimately decided to sue Ripple in 2020 alleging it was in breach of financial securities laws. The legal battle was ongoing until last week, when the SEC agreed to settle the case in line with President Donald Trump's promise to run a pro-crypto administration. With this huge burden lifted off of Ripple's shoulders, is XRP poised for significant upside? Sending money to banks in other countries can be a slow and expensive process. Not all of them use the same payment infrastructure, so they often need intermediaries to help them settle each transfer, which can add days to the process. Ripple developed the Ripple Payments network to solve that problem -- it allows banks to settle transactions between one another directly, which means they are basically instantaneous. Ripple created the XRP cryptocurrency to standardize each transaction and reduce costs. Banks in two different countries can incur substantial foreign exchange fees when they send payments in their domestic currencies, so they might choose to send XRP to one another instead. Each cross-border transfer incurs just 0.00001 XRP in fees, which comes out to a fraction of a cent. Therefore, unlike most other cryptocurrencies, XRP has a true use case in the real world -- but this was also the source of its regulatory troubles. XRP has a total supply of 100 billion tokens, but Ripple still controls 41.4 billion of them and issues them to institutions as needed to meet demand. Therefore, in its 2020 lawsuit, the SEC argued XRP should be classified as a financial security (like a stock or a bond), and thus subject to registration and disclosure requirements. Had the regulator won the case, it would have forced Ripple to operate under a strict set of rules, adding significant compliance costs to its business. In August 2024, a judge ruled that XRP might only be a security when it's issued to institutions, but not when it's used in transactions or traded on crypto exchanges. Ripple was hit with a fine of $125 million, but investors viewed the outcome as a win. The SEC appealed the decision, which threatened to tie the matter up in court for even longer, but that all changed after Trump took office. Trump nominated Paul Atkins to lead the SEC shortly after his election win. Atkins is a big supporter of the industry, having served as co-chairman of the Token Alliance (an advocacy organization), and also as an advisory board member of blockchain company Securitize. Atkins was sworn in on April 21 after his confirmation by the Senate, but the agency was already changing its approach toward the crypto industry in anticipation of his arrival. It initially paused or withdrew active legal cases against crypto exchanges like Binance and Coinbase, and investors speculated that Ripple's case could be next. The SEC decided to put its case against Ripple on hold in April, and the two parties entered settlement talks. Then on May 8, the regulator announced a reduction in Ripple's $125 million fine to just $50 million, and effectively extinguished the rest of the case. XRP has soared by 370% since Trump's election win last November, but it still hasn't reclaimed its record high from 2018. In fact, its momentum appears to have stalled, because the token is down more than 25% from its recent 52-week high. The continued growth of the Ripple Payments network would, in theory, boost demand for XRP and increase its value. However, banks don't have to use XRP -- they can still benefit from instant cross-border transfers within the Ripple Payments network even if they use fiat currencies. Therefore, the value of XRP is determined more by the sentiment of speculative investors rather than by organic demand. The resolution of the SEC's case against Ripple is certainly a big positive for its business, but it won't necessarily translate into sustainable upside for XRP. As a result, investors might want to exercise caution before investing in this speculative token. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $614,911!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $714,958!* Now, it's worth noting Stock Advisor's total average return is 907% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Coinbase Global and XRP. The Motley Fool has a disclosure policy. XRP (Ripple) Investors Just Received Fantastic News From the Securities and Exchange Commission was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
