Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
  • Login
Buy crypto
Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
Newblock
Digital Acceleration, XRPL community and U.S. Policy

Digital Acceleration, XRPL community and U.S. Policy

January 12, 2022
in XRP News
418 4
0
Share on FacebookShare on Twitter


In this first Ripple Drop for 2021, we explore the power of RippleNet to transform businesses, how RippleX is contributing to the XRPL community and the latest on U.S. crypto regulations.  

Digital Acceleration in Pandemic Drives RippleNet Growth

Asheesh Birla, General Manager of RippleNet, stopped by to provide an update on the global growth of RippleNet over the past year. In 2020 alone, over three million transactions crossed the network, with Southeast Asia leading the charge. He says 2021 is already off to a roaring start, particularly across the Middle East and Latin America. 

Asheesh attributes much of this explosive growth to the acceleration of digital transformation due to the pandemic. Over the past year, RippleNet’s On-Demand Liquidity (ODL) service helped many customers navigate a COVID cash crunch while enabling others to grow and transform their businesses. 

Based on customer demand, he sees tremendous opportunity ahead for RippleNet to offer credit lines and to enable CFOs and Treasury teams to move money instantly around the world 365/24/7 through ODL.

“The digital acceleration caused by COVID is only going to continue in a post-COVID world, and RippleNet is going to be the technology to help you expand even further,” Asheesh says. 

Empowering Developers to Build the Internet of Value

RippleX General Manager Monica Long shares why she’s so excited about the team’s progress inspiring and enabling the global community of XRP developers to build the Internet of Value. 

Monica says the focus for 2021 is on contributing, with the broader XRPL developer community, to a fantastic building experience for developers, and on supporting developers with new programs, demonstrating real-world use cases for XRPL, and introducing key infrastructure elements that promote liquidity and help developer ideas come to life. 

She also highlights a number of exciting new community projects using the ledger, including a non-custodial wallet, an XRP toolkit, and an NFT art gallery. 

“NFTs are obviously a very big deal in crypto, and I think there is a lot of opportunity for developers to sink their teeth into NFT use cases on XRPL,” Monica says. 

Lack of Crypto Regulatory Framework in U.S. Stifles Innovation 

Stuart Alderoty, Ripple’s General Counsel, returns to give an update on crypto regulation in the United States. He is concerned that America’s regulation by enforcement strategy is already driving innovators away to countries like Japan, Singapore, the UK, and Switzerland that have established a clear regulatory framework for crypto. 

Stuart suggests that by issuing lawsuits rather than providing structure and transparent rules, the U.S. is creating uncertainty that hurts markets and consumers while hampering the drive for innovative new approaches to cross border payments, financial inclusion, and more. 

He likens it to driving on the highway without knowing the rules. Posted speed limits and clear guidance allow everyone to travel freely without fear of arbitrary enforcement.

Stuart argues that America would benefit from regulatory clarity: “What we are talking about here when we talk about blockchain and crypto is innovation – a new infrastructure that can improve people’s lives.”

To learn more about new use cases for ODL, Monica’s plans for supporting XRPL developers, or how the U.S. can retain its hold on crypto innovation, check out the latest episode of The Ripple Drop.



Source link

You might also like

LATAM: Low Interoperability Highlights Crypto’s Big Potential

LATAM: Low Interoperability Highlights Crypto’s Big Potential

April 24, 2022
For the Love of NFTs: VSA Partners and Rare Air Media Bring Jordan NFTs to the XRPL

For the Love of NFTs: VSA Partners and Rare Air Media Bring Jordan NFTs to the XRPL

April 20, 2022

Related News

LATAM: Low Interoperability Highlights Crypto’s Big Potential

LATAM: Low Interoperability Highlights Crypto’s Big Potential

by Editorial Team
April 24, 2022
0

Across Latin America, a fragmented payments landscape has resulted in low interoperability, often leading to high fees for both senders...

For the Love of NFTs: VSA Partners and Rare Air Media Bring Jordan NFTs to the XRPL

For the Love of NFTs: VSA Partners and Rare Air Media Bring Jordan NFTs to the XRPL

by Editorial Team
April 20, 2022
0

Non-Fungible Tokens, or NFTs, are creating tremendous opportunities for creators and collectors of art, memorabilia, and other digital assets. Since...

CBDCs: From the “Hype” to the “How” of Making Financial Inclusion a Reality – Part 2

CBDCs: From the “Hype” to the “How” of Making Financial Inclusion a Reality – Part 2

by Editorial Team
April 7, 2022
1

In our recent survey of over 1,600 financial leaders across 22 countries, we uncovered some pretty astounding insights: A whopping...

CBDCs: From the “Hype” to the “How” of Making Financial Inclusion a Reality – Part 1

CBDCs: From the “Hype” to the “How” of Making Financial Inclusion a Reality – Part 1

by Editorial Team
April 6, 2022
1

We recently surveyed over 1,600 financial leaders across 22 countries and discovered that 37% of senior financial institution executives around...

Next Post
How Environmentally Green is Solana Blockchain?

How Environmentally Green is Solana Blockchain?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get daily news updates to your inbox!

Popular

  • crypto price analysis

    BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

    21678 shares
    Share 8671 Tweet 5420
  • Google Launches Blockchain Division

    5331 shares
    Share 2131 Tweet 1332
  • Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse

    972 shares
    Share 389 Tweet 243
  • GAIMIN Brings Blockchain and NFTs to Minecraft – Press release Bitcoin News

    957 shares
    Share 383 Tweet 239
  • Coinbase exec says major Ethereum scaling improvements coming soon

    923 shares
    Share 369 Tweet 231

Recommended

UBRI On Campus: Rutgers Law School Looks to Reform Fintech Regulation

UBRI On Campus: Rutgers Law School Looks to Reform Fintech Regulation

January 13, 2022
Spain crypto tax

Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad

February 13, 2022
Newblock

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Navigate Site

  • Blockchain news
  • Crypto Analysis
  • Ranking
  • Media Partnerships
  • Privacy Center
  • Contact Us
  • Donate

Follow Us

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Cardano
    • Solana
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
  • Buy Crypto
  • Privacy Center
  • Contact Us
  • Donate

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.