Tag Archives: U.K.

5 Payment Firms Adopt Ripple’s xVia API Solution

Ripple has announced five new customers for its xVia API solution, enhancing these companies’ access to the rapidly expanding global payments market. The companies include FairFX (U.K.), RationalFX (U.K.), Exchange 4Free (U.K.), UniPay (Georgia) and MoneyMatch (Malaysia), Ripple announced on its website. Continue reading 5 Payment Firms Adopt Ripple’s xVia API Solution

Ripple’s XRP Just Might Be the Next Big Crypto Futures Market

Bitcoin futures may have been launched with tremendous fanfare – XRP futures, on the other hand, not so much. But in fact, U.K.-based startup Crypto Facilities has been operating a futures market for
the world’s third-largest cryptocurrency, developed by blockchain startup Ripple Inc., for almost 18 months now. And while the company’s CEO, Timo Schlaefer, has been tight-lipped about the product so far, he sees trends in recent data that indicate broader XRP futures adoption may be on the horizon.
“We have pretty good order books,” Schlaefer told CoinDesk, “And we’re in the process of working with some of the large market makers to draw that further.” Continue reading Ripple’s XRP Just Might Be the Next Big Crypto Futures Market

U.K. Treasury Starts Investigation into Cryptocurrency and Blockchain

The United Kingdom seems to have taken a firm stance on the cryptocurrency sector and It doesn’t appear to be a good one. At first, it was just Prime Minister Theresa May stating that cryptocurrencies require more regulation, adding that the UK Treasury plans to set new rules in order for that to happen. That wasn’t too bad considering the UK isn’t the only country pulling for more regulation. Except then today happened. Now, it appears the UK has an even stronger opinion on cryptocurrencies. Strong enough to launch an inquiry into the industry. Earlier today, the U.K Treasury disclosed that it will be orchestrating an inquiry into various issues that surround both cryptocurrency and the technology behind it, blockchain. To no surprise, the investigation conducted by the U.K. Treasury Committee will be looking into the risks cryptocurrencies open up to consumers, as well as a number of other issues. I’m not shocked that ‘risks’ are one of the issues planning to be discussed. It’s been known for a while that cryptocurrencies like Bitcoin are extremely vulnerable to illegal activity, such as money laundering.

Reference: https://cryptocurrencynews.com/daily-news/crypto-news/uk-treasury-lauch-inquiry-crypto/