Ripple to Work with Saudi Arabia’s Central Bank

Saudi Central Bank provides sandbox for banks to try out Ripple technology  
14 February 2018   124

Together with the Saudi Arabian Monetary Authority (SAMA), Ripple is going to create a pilot programme to enable local banks to deploy xCurrent for cross-border payments.

This pilot programme will provide interested Saudi banks with program management and training. it is the first of its kind to be launched by a central bank.

According to Dilip Rao, global head of infrastructure innovation at Ripple, central banks all over the world are interested in blockchain technology in order to understand how it can transform cross-border payments. It will result in lower barriers for both corporations and consumers.

SAMA will provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution. It has the potential to revolutionise cross-border payments, making it cheaper and more transparent. SAMA will be the second central bank to use blockchain technology to revolutionize payments.

CasinoCoin Moves to Ripple Blockchain

The CasinoCoin Foundation is conducting a coin swap, which concludes on February 14, 2018 at 12:00 GMT, in order to move to a new Ripple-based blockchain
14 February 2018   142

CasinoCoin is an open source, peer-to-peer cryptocurrency designed for the regulated online gambling industry. CasionCoin has built in wallet tools that enable transparency and open transactions, and the technology which aims to operate at world-class speed.

The CasinoCoin Foundation have announced that they will initiate a coin swap to move CasinoCoin to a new Ripple-based blockchain, aiming to bring a lot of advantages for the users.

The coin swap began on November 25, 2017 and is scheduled to conclude on February 14, 2018 at 12:00 GMT.

Casino Coin New blockchainCasinoCoin New Blockchain

Currently CasinoCoin is based on Litecoin blockchain, but moving to the Ripple blockchain should bring such advantages as faster transaction times, increased coin supply, advanced features like KYC (Know Your Customer) and AML (Anti Money Laundering).

Swap Ratio: 1:1000 (Old to New Coin Swap), the old CSC Blockchain renamed to CasinoCoin Classic (CXX)
Transaction fee: 0.001 CSC

At the moment of press, these are main market parameters of CasinoCoin:

Average price: $0,001951
24h volume: $40 109