As seen on CoinMarketCap, Bitcoin (BTC) has decreased by 0.80 percent. Ether (ETH) still maintains its “second in command” status, and it’s currently losing by 0.06 percent. Ripple’s XRP maintains the number three position, and it has decreased by 0.95 percent. Now, if I scroll down to the top 20, we’re also having a minor bloodbath across the board.
Now onto the news! The Saudi British Bank has announced the launch of its Ripple-powered cross-border payments platform. Interestingly, the highly reputed lender has reportedly declared that the move is part of a larger strategic plan towards digital transformation and enriching customer experience. The Deputy Managing Director and Institutional Banking Head at SABB, Majed Najm has made it clear that the latest initiative is a strong indication that the bank remains dedicated to offering its customers state-of-the-art banking services.
Now, onto the second news item for today! These are exciting times indeed for IOTA (MIOTA) and its supporters, as Luxury car brands, Jaguar and Land Rover have integrated IOTA’s technology into their processes, to enable drivers of both cars to earn free MIOTA tokens on the go.
Now, onto the third news item for today! Iranians will be able to start transacting with cryptos in three to four months, as financial authorities in Iran are putting the finishing touches to the rules that would make cryptocurrencies legal tender in the state. Fundel has hinted that the approval of bitcoin and altcoins as a legal means of payment by the Iranian central bank will throw the gates open for Swiss-based fintech firms interested in facilitating money transfers between Switzerland and Iran.
So what are your thoughts on this situation?
Do you think Ripple’s blockchain solutions for cross-border payments will attract more financial institutions to it this year? If yes, will Ripple’s success boost the price of XRP?
What are your thoughts concerning the latest adoption of IOTA (MIOTA) by Jaguar Land Rover? Will it spur other leading organizations to join the IOTA bandwagon?
And what do you think about Iran’s liberal stance towards cryptos? Will the nation succeed in circumventing U.S. sanctions through cryptocurrencies?
Let me know what you guys think below, If you liked the content please subscribe and watch our latest videos. It’s Cindy with CryptoPig, Catch you guys around!
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