XRP Holders Be Ready Ripple XRP Is Planning…Ripple XRP News Today | Ripple XRP Update Today | XRP

Over the next five years banks globally will migrate from legacy SWIFT MT financial messaging to the highly structured and data rich ISO 20022 standard. What does this mean for banks and how should they prepare for the transition? By November 2023 all banks in the Eurozone connected to EURO1, STEP1 and TARGET 2 will migrate to the new ISO standard. Initially all banks globally needed to accept this new standard from November 2023. But in March this year, SWIFT extended the deadline to November 2023.

The price of XRP reached an all-time high of $1.8 on April 16, just a few months ago. The cryptocurrency drop on May 19 nearly halved the price. XRP, or Ripple, has risen by as much as 50% lately, more than doubling its value. According to CoinMarketCap.com data, XRP has surpassed Ether as the second-largest cryptocurrency on the rise. In June 2012, XRP was released on a distributed ledger, with 100 billion XRP issued before Ripple was founded in September 2012. The inventors of XRP handed a significant portion of it to Ripple after the company was created.
According to information on the company’s website, Ripple possessed around 60 billion
XRP as of July, with the majority of it kept in escrow. Ripple is a real-time gross settlement system,
currency exchange, and remittance network developed by Ripple Labs Inc., a technology
company based in the United States. Ripple is a distributed open-source protocol that
supports tokens representing fiat currency, cryptocurrency, commodities, or other units
of value such as frequent flier miles or mobile minutes. It was launched in 2012 and is based
on a distributed open-source protocol. Ripple Labs, CEO Brad Garlinghouse, and co-founder
Chris Larsen were charged by the Securities and Exchange Commission for allegedly selling
unregistered securities. The SEC stated that XRP was security rather than a commodity since
it was created and distributed in a centralized manner by Ripple Labs and was not used by
financial institutions.

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XRP Holders Be Ready Ripple XRP Is Planning…Ripple XRP News Today | Ripple XRP Update Today | XRP

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