Uphold CEO Says XRP Could be Used for Domestic Payments in the United States via ACH

2019-1-16 07:28

The CEO of Uphold, JP Thieriot, talked about the financial system in the United States and how it can be enhanced using new technologies provided by crypto and blockchain-related companies. During a conversation at Thinking Crypto, he said that he believes that Ripple and XRP could play an important role in changing the financial system in the U.S.

Checkout my Interview with Uphold CEO JP Thieriot – We discuss the Greg Kidd Funding, XRP, xRapid Potential & New Products coming in 2019 – Also, JP's XRP Community request – https://t.co/xI1gWU3KrD #XRP #Ripple #XRPcommunity #xrparmy @UpholdInc @gregkidd @Ripple @bgarlinghouse

— Thinking Crypto (@ThinkingCrypto1) January 12, 2019

Ripple is a company that offers different financial services to financial and banking companies around the world. With its products, transfers are processed in a much easier and simple way than using old systems such as SWIFT.

Theriot mentioned that they are going to launch a new product called ‘Earn and Borrow’ and that they will be releasing more information about it during the next days and weeks.

He went on talking about how long it can take for a normal ACH transaction to be processed through the banking system in the United States. He compared it with the European equivalent SEPA saying that it is much more efficient the system that they have in Europe.

About it, he said:

“Another common thing that I find interesting is one around how slow it is for people to do an ACH transaction from their US bank account into Uphold where you know very annoyingly it can take up to eight or nine days and it has to do with the deficiency of the US ACH system.”

He went on explaining that XRP and Ripple could improve the current systems. They provide near-instant settlements and it could help the company perform cheaper transactions across borders. Additionally, he said that they’ve contemplated the use of Ripple’s solution xRapid for cross-border payments.

At the moment, there are several companies using xRapid and some others could soon start to work with XRP in the near future. Ripple also offers companies to have on-demand liquidity for their transactions to be processed using virtual currencies. It is not necessary for the company to invest and maintain Nostro and Vostro accounts in different countries around the world, everything can be easily performed using xRapid and XRP to source liquidity.

In the future, it might be possible to find for a solution to this issue by implementing Ripple solutions in the U.S. system. However, a Business Development Executive at Ripple informed that solving for delays for the FedACH is though.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ceocoin (CEO) íà Currencies.ru

$ 0.00304614 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.00178501 (70.65%)

financial united uphold states system crypto ceo

Èñòî÷íèê: bitcoinexchangeguide.com

financial united → Ðåçóëüòàòîâ: 122


POTUS Donald Trump Should Embrace Blockchain To Truly Make America Great Again Says Block.One CEO

The CEO of Block.one, Brendan Blumer has recently asked the President of the United States, Donald Trump to look into Blockchain Technology as the next revolution in the Financial markets. If @realDonaldTrump embraces #blockchain with clear rules that promote innovation in financial markets and digital goods, the #USA will trailblaze the next age of digital […]

2019-1-8 12:39


Ôîòî:

Credit scores are in desperate need of a high-tech overhaul

Since 1989, people and businesses in the United States have relied on the FICO credit score as an indication of trustworthiness for any given person. Reported by each of three major credit bureaus, a person’s score can be calculated based on their payment history, their current debt burden, the length of their credit history, the types of credit used, and a handful of other factors.

2018-12-22 22:01


Cryptocurrency Regulation: FCA Set to Receive Expanded Mandate from UK Government

The United Kingdom government plans to give the country’s regulatory body power to oversee cryptocurrency regulation. UK Cryptocurrency Regulation Imminent According to The Guardian, the government of the UK government announced its readiness to authorize the Financial Conduct Authority (FCA) to regulate all virtual currency assets.

2018-12-21 11:46


Iranian Bitcoin Trader Receiving US Sanctions Affirms Innocence In Wrongful Address Blacklisting

An Iranian Bitcoin trader called Mohammad Ghorbaniyan says that the government of the United States accused him of something that he did not do. According to the U. S. Treasury Department’s Office of Foreign Assets Control (OFAC), the man would belong in a sanctions list that cut him out of all the American financial system. […]

2018-12-5 08:51


Ôîòî:

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

2018-12-3 19:20


Volatility Should Not Hold Investors Back from Accepting Cryptocurrency as an Asset Class in Asia

Asia’s traditional financial market has begun to recognize the investment merits of cryptocurrencies and its potential to be accepted as a formal asset class. Earlier this month, the Hong Kong’s Securities and Futures Commission (SFC) said that it will start to explore how to regulate the trading flows of cryptocurrencies.

2018-11-15 23:00


UK Crypto Regulations Could Backfire Due to Its Generalization of All Digital And Financial Assets

In 2018, there was a report that Bitcoin could be used as a volatility index (vix) for determining the prices of other cryptocurrencies. However, some major players in the cryptocurrency space in the United Kingdom,(UK) are of the opinion that such position could make the regulation of the cryptocurrency space imbalance since most coins and […] The post UK Crypto Regulations Could Backfire Due to Its Generalization of All Digital And Financial Assets appeared first on ZyCrypto.

2018-10-31 22:54


Ôîòî:

SEC Sets Up Open Line of Communication for Fintech Projects With FinHub

The U. S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them.

2018-10-19 01:51


Ôîòî:

How Monero Are Improving Human Rights With XMR

 Listen Here – https://soundcloud. com/cryptodaily/how-monero-are-improving-human-rights-with-xmr Monero is considered to be the privacy coin, the currency of choice for absolute privacy. Now, privacy doesn’t necessarily mean security and we should remember that 2018 has seen a tonne of ‘Monero mining’ hacks, calling into question some of the projects integrity.

2018-10-12 17:00


äàëüøå åùå 73 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Ripple and CEO Brad Garlinghouse’s Top 5 Crypto Wins of 2022

It's been a challenging year for many in crypto, but for Ripple Labs and chief executive Brad Garlinghouse, 2022 has brought a number of successes. The post Ripple and CEO Brad Garlinghouse’s Top 5 Crypto Wins of 2022 appeared first on BeInCrypto.

Ripple Active Addresses Skyrocket by 190%, How Will XRP Price React?

XRP price reversed the minor gains charted on Monday, falling by 0.12% as the week began, but some key on-chain signals pointed towards volatility building in the XRP market.  The post Ripple Active Addresses Skyrocket by 190%, How Will XRP Price React? appeared first on BeInCrypto.