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Blog URL: https://xrpcommunity.blog/xrp-news-update-may-30th-2019/ As we near the beginning of June, keep up to date on the latest XRP developments! I cover the high points in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The SEC will be holding the 2nd 'Distributed Ledger Technology (DLT) and Digital Assets' tomorrow. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Dan Morgan attends a World Bank FinSac meeting; Marjan Delatinne attends the European Blockchain Convention; Breanne Madigan, a former Goldman Sachs employee, decides to work for Ripple; Simple, a new remittance platform, was build in partnership with Ripple; Money Tap announces a new merchant program; and Interledger releases videos from the April Interledger Summit in San Francisco. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Two videos are released from the latest XRP Meetup in The Netherlands showing presentations from Wietse Wind and Bitrue; The design for Xign is shown by Wietse Wind; Taotao adds support for XRP; and imove adds wallet support for XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
A clear signal that XRP is getting ready for mass adoption: The World Bank, through its senior finance specialist Marco Nicolli, praised distributed ledger technology and zoned in on Ripple’s xRapid as the transformational technology for future banking. In a report done collaborated by the Better than Cash Alliance, the World Bank said: "“In 2018, Ripple, piloted xRapid, a DLT-based cross-border payment solution, along the very competitive U.S-Mexico corridor and financial institutions involved in the pilot saved 40-70 percent in foreign exchange costs. The average payment times were just over two minutes while transfer of funds on xRapid took two to three seconds, with most of the processing time explained by domestic payment rails and intermediary digital asset exchanges.” A quote from Brad Garlinghouse: "XRP had a slow start, but once there is regulatory approval, and there is clarification that the asset is not a security but a utility, we shall begin seeing movements in price as banks rush to utilize the network pumping prices as a result." Source: https://ethereumworldnews.com/banks-will-never-disappear-ripple-xrp-in-a-pole-position/
"I also believe central banks may include cyber-currencies (such as bitcoin) in their reserves. If you think that’s mad, consider that mankind has long sought scarcity – be it with shells, stones or metallic elements – to store wealth. Now the money-printing taboo has been broken by yet another generation, it makes sense to use complex computer algorithms to ensure that only a certain amount of a particular currency unit can ever exist." http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html