XRP Could Be The Hidden Beneficiary Of FedNow Expansion — Here’s Why
A subtle shift in US payment infrastructure could be opening an unexpected door for XRP. The latest proposal from the Federal Reserve to expand FedNow capabilities is sparking new conversations across the digital asset space, and XRP may be quietly entering the spotlight. Ripple’s Vision Aligns With Evolving Payment Infrastructure A transformative shift is unfolding in the US payment infrastructure, one that could impact Ripple and the role of XRP. Analyst XFinanceBull has revealed on X that the Federal Reserve has proposed expanding FedNow to allow banks and credit unions to use....
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Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph. The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure.On Tuesday, the Fed officially launched the FedNow Service Provider Showcase, aiming to provide financial institutions and users with a range of services to help them implement FedNow Service, which launches in 2023.At launch, the showcase includes more than 70 profiles and service providers that support....
NairaEx, a Nigeria-based Bitcoin exchange has announced the launch of its bitcoin remittance service that will allow Nigerians to send and receive money with zero fees and great exchange rates. NairaEx Worldwide. According to a source at NairaEx, sending or receiving money with NairaEx is straightforward. The sender deposits local currency into the NairaEx platform, provides NairaEx with beneficiary’s bank details and NairaEx will pay into the beneficiary's local bank account. NairaEx claims to currently enable payment to China, India, Mexico and Europe with a service delivery time of....
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association presentation on combating fraud, Forbes reported. The long-time veteran of the IRS Criminal Investigation division explained that the office has put together a dedicated team of IRS....
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Ripple Labs has announced a major acquisition to shock the market out of an otherwise dreadful week. Taking to X (formerly Twitter), the crypto firm announced that it has acquired Hidden Road, a brokerage, clearing, and financing firm as it moves forward in its mission to become the leader for institutional investors moving into the digital assets space. Ripple Acquires Hidden Road For $1.25 Billion The Tuesday announcement by Ripple has further solidified the mission that the crypto firm has long put forward, and that is to provide instant and quick transfer of value for traditional and....