Sign Up on MEXCRipple Rebrands RippleNet to Ripple Payments at XRP Swell Event
The first day of Ripple’s Swell Conference 2023 has already seen major announcements. The blockchain payments company rebranded its leading product, RippleNet, to Ripple Payments, marking a pivot towards enhancing crypto-based cross-border payments.
According to Ripple’s press release, Ripple Payments now reaches over 70 payout markets globally, combining crypto and fiat capabilities. This expanded network signals Ripple’s focus on providing enterprise-grade solutions for moving money worldwide.
Additionally, Ripple has strengthened its regulatory standing, touting over 30 licenses. These include a Major Payments Institution license from Singapore’s MAS and Money Transmitter Licenses across multiple US states.
Beyond the rebranding, Ripple revealed an expanded partnership with African fintech Onafriq, formerly MFS Africa. Together, they aim to leverage Ripple’s blockchain technology to enable faster and more affordable payments into and across Africa.
With these announcements just on day one, Ripple’s Swell Conference 2023 is already showcasing the company’s goals to drive the adoption of blockchain in global payments and remittances. More big reveals are likely still to come this week.
Ripple Swell Event Sparks Market Buzz
Hence, the anticipation for XRP’s Swell conference is palpable. The event, succeeding DC Fintech Week on November 8 and 9, could be a watershed moment for XRP. Speculation abounds as stakeholders ponder over the possibility of Ripple’s initial public offering announcement or revealing of strategic partnerships. Significantly, this swirl of expectancy has positively impacted the valuation of XRP, witnessing a 22% appreciation in market value.
Moreover, Ripple’s Swell is poised to address critical themes in the industry, underscoring new partnerships and company milestones. The event’s timing, synchronized with the close of DC Fintech Week, ensures that Ripple’s updates will echo through an audience freshly engaged in fintech discourse. Additionally, the company’s strides in courtroom battles and the resultant surge in XRP value suggest a robust narrative for XRP presentations at Swell.
Ripple Preps as DC Fintech Engages
However, before XRP takes center stage, DC Fintech Week promises a rich tapestry of discussion threads. The event, hosted across notable venues such as the Fannie Mae Midtown Center and the International Spy Museum, began with a preliminary bootcamp at Georgetown University Law Center. The Institute of International Economic Law is steering the forum to navigate pressing topics in AI, payments, banking, and digital assets.
Moreover, the congregation will attract a spectrum of participants ranging from entrepreneurs to regulators, each bringing a distinct perspective to the burgeoning fintech ecosystem.
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