Generating

6169+ related results were found.   
Subscribe Query
Crypto News
Crypto News
Turkish Central Bank Releases First Phase of its CBDC Evaluation Report
5 days ago
CryptoPotato
CryptoPotato
followers

TL;DR One of the largest banks in Egypt collaborates with Ripple for blockchain-based cross-border payments and enters the NFT space. Ripple supports global CBDC initiatives and partners with banks worldwide, focusing on sustainable and efficient blockchain solutions. The Latest Bank to Collaborate With Ripple One of the biggest banks in Egypt – Commercial International Bank (CIB) – teamed up with Ripple “to implement blockchain technology, enhancing the efficiency of cross-border payments.” The financial institution also hopped on the non-fungible token field, allowing customers to create unique and collectible NFTs. “This initiative establishes a digital token ecosystem for the tourism industry, streamlining payments and offering loyalty rewards to travelers,” the bank emphasized. The CIB’s leap into crypto coincides with the Egyptian government’s intentions to actively explore the potential of blockchain technology and harness it for “innovative advancements across diverse sectors.” This is the second major local financial institution to announce a partnership with the American company, with the National Bank of Egypt doing so in 2021. Ripple has been eyeing global expansion in the past few years due to the regulatory uncertainty in the US and the ongoing lawsuit against the United States Securities and Exchange Commission (SEC). Other financial institutions that have inked deals with the company over the years include Thailand’s oldest bank – Siam Commercial Bank (SCB), and Morocco’s Attijariwafa Bank. Ripple and CBDCs Ripple has also supported the efforts of several countries to launch a central bank digital currency (CBDC). In 2021, it collaborated with the Royal Monetary Authority (Bhutan’s central bank) to create a digital version of the ngultrum. The small land-locked country in the Himalayas is known to be the only carbon-negative nation across the globe. Ripple explained that the CBDC would double down on that policy: “Ripple’s commitment to sustainability was important for Bhutan. The CBDC solution is carbon-neutral and, because it’s based on the public XRP Ledger, is 120,000x more energy efficient than proof-of-work blockchains.” Another institution that picked Ripple to introduce a CBDC plot project is the National Bank of Georgia (NBG). James Wallis (VP of Central Bank Engagements at the company) claimed the solution could drive transformative progress in the country’s public sector. The post Ripple Inks an Important Deal With a Major Bank: Details appeared first on CryptoPotato.

5 days ago
CryptoNewsLand
CryptoNewsLand
followers

The cryptocurrency market continues to offer opportunities for investors to grow their wealth exponentially, even amidst periods of volatility. With strategic investment choices and careful analysis, it’s possible to turn a modest sum into a substantial portfolio. In this article, we’ll explore how three promising cryptocurrencies—Retik Finance, Ripple, and Jupiter—have the potential to multiply your investment from $500 to $10,000 in the first quarter of 2024 while mitigating risks. Retik Finance (RETIK): Pioneering Decentralised Finance Retik Finance (RETIK) has emerged as a frontrunner in the decentralised finance (DeFi) space, captivating investors with its innovative approach and robust community engagement. The project, which debuted in December 2023, prioritises security, practicality, and community involvement, laying a solid foundation for sustainable growth. One of the key factors driving Retik Finance’s potential for growth is its community-driven success. The active engagement of the Retik community on social media platforms and forums has created significant buzz around the project, attracting more contributors and investors. This sense of community solidarity and enthusiasm has played a pivotal role in Retik Finance’s rapid ascent. The project’s presale stages have also been instrumental in its success. By providing early investors with the opportunity to acquire RETIK tokens at favourable prices, currently selling at $0.12, Retik Finance has generated substantial interest within the crypto community. The strong demand and contributions from investors have propelled the project forward, with each presale stage achieving impressive fill rates and fundraising milestones. Moreover, Retik Finance’s commitment to security has instilled confidence among investors. The successful completion of a Certik audit, renowned for its rigorous evaluation of smart contracts, has demonstrated the project’s dedication to protecting investors’ assets. This focus on security and trust further enhances Retik Finance’s potential for growth with minimal risk. Ripple (XRP): Transforming Cross-Border Payments Ripple, the company behind the XRP cryptocurrency, has been at the forefront of revolutionising cross-border payments with its innovative solutions. XRP offers fast and low-cost transfers, making it ideal for use cases such as remittances. Its unique consensus protocol, the XRP Ledger Consensus Protocol, ensures the integrity and efficiency of transactions on the network. Recent developments surrounding Ripple and XRP have fueled optimism among investors. The SEC’s dropping of claims against top Ripple executives in October signalled a positive turn of events for the company. Additionally, Ripple’s partnership with the National Bank of Georgia to pilot a central bank digital currency using the Ripple CBDC Platform demonstrates the utility and adoption potential of XRP. Furthermore, XRP’s recent recognition by regulatory authorities, such as the Dubai Financial Services Authority, and its approval for use in the Dubai International Financial Centre (DIFC), highlight the growing acceptance and legitimacy of the cryptocurrency. These positive developments, coupled with XRP’s strong fundamentals, position it for significant growth in the first quarter of 2024. Despite its recent rally and high market capitalization, XRP still offers ample room for growth, presenting an opportunity for investors to multiply their initial investment with minimal risk. The cryptocurrency’s utility in facilitating efficient cross-border money transfers and its expanding ecosystem contribute to its favourable outlook for the coming months. Jupiter (JUP): Expanding DeFi Opportunities Jupiter stands out as a promising cryptocurrency project that taps into multiple liquidity sources on the Solana blockchain to provide users with highly efficient token swaps. Beyond decentralised exchanges, Jupiter offers features such as limit orders and dollar-cost averaging, enhancing the user experience and accessibility of DeFi protocols. The introduction of perpetual contracts and the LFG Launchpad platform further diversifies Jupiter’s offerings, catering to the growing demand for decentralised trading products and investment opportunities in the cryptocurrency market. These new features expand Jupiter’s reach and appeal to a broader audience of investors seeking innovative financial solutions. While Jupiter initially launched without a native token, the introduction of the JUP governance token has empowered holders to participate in key decisions regarding the platform’s development and direction. The token’s distribution through an airdrop incentivizes community engagement and fosters a sense of ownership among users, contributing to Jupiter’s long-term sustainability and growth. Investing in Jupiter presents an opportunity for investors to capitalise on the expanding DeFi landscape while minimising risk. The project’s focus on efficiency, innovation, and community involvement positions it as a promising contender for growth in the cryptocurrency market. Conclusion: Maximising Returns with Minimal Risk Retik Finance, Ripple, and Jupiter offer compelling opportunities for investors to grow their wealth from $500 to $10,000 in the first quarter of 2024. Each cryptocurrency brings unique strengths and advantages to the table, from Retik Finance’s community-driven success to Ripple’s transformative impact on cross-border payments and Jupiter’s expansion of DeFi opportunities. By strategically diversifying investments across these promising projects and leveraging their respective growth potentials, investors can mitigate risks while maximising returns in the dynamic world of cryptocurrency. With careful consideration and prudent decision-making, investors can unlock the full potential of these cryptocurrencies and achieve significant financial gains in the months ahead. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance The post Which Three Cryptocurrencies Can Grow Your $500 to $10,000 in the First Quarter of 2024 With Minimal Risk? appeared first on Crypto News Land.

5 days ago
Crypto
ETH
Locus Chain(LOCUS)

$0.02

-0.71%

Market Cap
43.03m
 

-0.71%

Volume (24h)
450.87k
 

651.91%

Released on 20 May 2019

Loading...