The world of cryptocurrency has been buzzing with news of Ripple’s recent activation and some exciting developments within the company. With a new board member, a custody company, and a ruling in their favor by Judge Torres, Ripple and XRP are making waves in the industry. As a top-rated cryptocurrency that has consistently ranked high in market capitalization, the latest news about Ripple has far-reaching implications for the industry as a whole. In this blog post, we’ll delve into the latest developments and what they mean for Ripple and the broader cryptocurrency market.
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Introduction:
Ripple is a blockchain-based payment protocol used for transferring digital currencies, including XRP, across the internet. It connects banks, digital asset exchanges, and other financial institutions, providing them with fast and secure transactions. In this article, we will discuss some exciting updates in the Ripple community, including the activation of Ripple, the new Ripple board member, the new custody company, and the recent ruling of Judge Torres.
Activation of Ripple:
Ripple has been activated to allow its customers to purchase and use digital currencies without any limitations. This will allow Glint to provide its customers with the option of buying, saving, and spending real gold and US dollars digitally. It will also allow Linqto to offer its investors a private investing platform that enables them to invest in Ripple and other digital assets.
New Ripple Board Member:
Ripple has welcomed a new board member, Kristina Campbell, who brings her extensive experience in global payments, regulatory compliance and risk management to the company. She previously worked at JPMorgan Chase for over two decades, leading the development of its payment systems and regulatory compliance.
New Custody Co:
Ripple has partnered with an independent custody firm, Fidelity Digital Assets Services (FDAS), to provide secure and reliable custody services for institutional investors. This partnership will enhance the security and management of the digital asset holdings of Ripple’s institutional clients.
Judge Torres-GRANTED:
Judge Torres of the United States District Court for the Southern District of New York has granted Ripple’s motion to compel the United States Securities and Exchange Commission (SEC) to produce internal documents related to Bitcoin, Ethereum, and XRP. This is a major victory for Ripple in its ongoing legal battle against the SEC. This ruling will aid Ripple in proving that the SEC has inconsistently applied securities laws to the digital assets market.
Other Exciting Updates:
Apart from the above updates, there are several other exciting developments in the Ripple community, such as:
- Digital Perspectives Mastermind Group provides a learning community for those interested in the blockchain and cryptocurrency industry.
- Flare Naming Service enables early launch reservation for .FLR domain names/payment pointers, empowering users to have a unique payment address.
- CryptoTaxAudit offers membership for crypto tax protection, providing users with peace of mind during the tax season.
- iTrustCapital.com allows opening an IRA that invests in cryptocurrencies like Bitcoin, Ethereum, and XRP.
- ProCoinNews Daily offers digital perspectives for free, providing its readers with the latest news and insights on blockchain and cryptocurrency.
Conclusion:
Ripple is making incredible strides in the digital asset industry, with exciting new partnerships, board members, and legal victories. These updates demonstrate Ripple’s commitment to providing secure and reliable digital payment solutions to its customers.
FAQs:
- What is Ripple?
- Ripple is a blockchain-based payment protocol used for transferring digital currencies, including XRP, across the internet.
- What is the recent update on Ripple?
- Ripple has been activated to allow its customers to purchase and use digital currencies without any limitations.
- Who is the new Ripple board member?
- Kristina Campbell, who brings her extensive experience in global payments, regulatory compliance and risk management, is the new Ripple board member.
- What is the new custody company partnered with Ripple?
- Ripple has partnered with Fidelity Digital Assets Services (FDAS) to provide secure and reliable custody services for institutional investors.
- What is the recent ruling of Judge Torres?
- Judge Torres has granted Ripple’s motion to compel the United States Securities and Exchange Commission (SEC) to produce internal documents related to Bitcoin, Ethereum, and XRP.
