Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go?
A debate over the XRP Ledger’s (XRPL) economy model has ignited after Ripple’s Chief Technology Officer (CTO), David Schwartz, directly addressed questions about taxation on the blockchain. Critics have suggested that if XRP holders do not earn from the ecosystem, someone must be collecting a tax. Schwartz’s response challenges this assumption, framing the XRP Ledger as a public utility rather than a profit-generating mechanism for token holders. The debate has since sparked broader conversations about real-world use cases, passive income expectations, and the underlying purpose of the....
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The government of Colombia announced a new system that will allow it to use the Ripple Ledger to store and authenticate property titles. The system, which was developed by a third-party company called Peersyst Technology, aims to allow the National Land Agency to issue a record number of land adjudications for citizens.
Colombia to Register Land Titles on the Ripple Ledger
While the main uses of blockchain technology are currently linked to assets with transactional value, like cryptocurrencies, there are companies and governments leveraging it for other uses. The government of....
New updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also a positive for XRP, which serves as the network’s bridge currency. Ripple’s XRP Ledger Gets A New Update In an X post, XRP validator Vet revealed that the credentials amendment on the XRP Ledger is now active. He explained that credentials can be applied to attest to compliance requirements, such as KYC and AML, for a user or institution and issued to their decentralized identity. This helps to further build trust in the network. Related Reading: Ripple Vs.....
In an interview on BFM Business, Ripple’s Managing Director for the UK & Europe, Cassie Craddock, lifted the veil on how the blockchain company intends to weave the XRP Ledger into the fabric of prime brokerage. Speaking about Ripple’s $1.25 billion acquisition of London‑headquartered Hidden Road, Craddock confirmed that the forthcoming Ripple USD‑backed stablecoin, RLUSD, […]
Ripple and SWIFT’s battle for dominance is heating up, with an executive at the latter taking a dig at XRP, the bridge currency for the crypto firm’s payment service. The executive also explained why businesses are unlikely to trust Ripple despite the conclusion of the SEC lawsuit. SWIFT Executive Makes Criticism Against Ripple and XRP […]
XRP has always been subject to claims of centralization by Ripple. The payment company, however, has always rejected this claim, citing the open-source and decentralized nature of the XRP Ledger. Recent court documents have provided clarity on the confusion to clear doubts about XRP’s centralization. Who Owns The XRP Ledger? A federal judge in the […]