Ripple Presses XRP For Central Bank Digital Currencies; Revoluts Bank expands

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Central block

Ripple is testing a version of its central bank distributed ledger for digital currencies, claiming its technology can increase the scale and speed of mass emission.

The blockchain company says XRP can act as a bridge between CDBCs and other digital currencies, reports Finextra. The claim is a potential source of controversy as the Securities and Exchange Commission is suing Ripple, pushing for XRP to be regulated as an investment.

Other companies like Visa and BNY Mellon are working to support CDBCs in the private sector, which are expected to roll out in several countries over the next few years.

Bit button

Bitfinex offers a gateway designed to reduce navigation by creating a direct connection to the company’s cryptocurrency exchange.

Merchants are creating a widget on their websites to accept payments in Ethereum and Bitcoin, TechCrunch explains. Consumers click a Bitfinex Pay button and are then redirected to the Bitfinex website. After the payment is approved, the consumer is directed back to the merchant’s website. Bitfinex also accepts tether, a stable coin designed to offset the volatility of crypto.

Consumers pay fees to send crypto tokens and merchants pay a fee to convert crypto to traditional currencies on the Bitfinex exchange.

Doge’s Palace

BitPay introduced Dogecoin payments for merchants and selected the Dallas Mavericks as an early adopter.

With the NBA franchise, which also supports Bitcoin and several other cryptocurrencies, Dogecoin can be used to pay for tickets and goods. The Mavericks and BitPay see the provision as an opportunity to expand the basketball team’s brand to international markets where card payments are not as common.

Dogecoin has its roots in internet memes, but has reached more than $ 10 billion in market cap after several high profile investments.

To the bank

Revolut launched its bank in 10 new markets, mainly in Eastern Europe, following previous rollouts in Poland and Lithuania.

The London fintech has its roots as a mobile payment company, but has gradually added financial services and markets over the past few years. Partnerships such as the collaboration with Visa were used to build a merchant base and support faster transaction processing in Europe, Asia and North America.

More recently, Revolut has obtained banking licenses in several countries to hedge against Brexit.

From the web

The blockchain company Ripple sees no effects of the SEC lawsuit in the Asia-Pacific region
REUTERS | Friday March 5th 2021
The blockchain payment company Ripple has had no impact on its business in the Asia-Pacific region following its lawsuit filed by the US Securities and Exchange Commission, the company’s chief executive officer said on Friday.

Exclusive: Instacart is considering whether IPOs should be listed directly in the Snub
REUTERS | Friday March 5th 2021
U.S. grocery delivery app Instacart is considering going public via a direct listing and fears that a traditional IPO could keep money on the table, according to people familiar with the matter.

This pan-African freelance platform is the first Zimbabwean startup to be supported by Techstars
TECHCRUNCH | Thursday March 4th 2021
AfriBlocks is a global pan-African marketplace for verified African freelance professionals. The startup was founded in July 2020 by Tongayi Choto and Roger Roman and has offices in Harare and Los Angeles.

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