US Exchanges Don't Want to List Ripple, Bloomberg Says

XRP is controlled by one company means, this means that cryptocurrency has at least one sign of a security, so the exchanges can have issues with it
05 April 2018   889

Ripple has one serious problem: the two largest US exchanges refused to list XRP. This is reported by Bloomberg.

Sources, familiar with the situation said that last year Ripple offered Gemini and Coinbase big money for the listing, but they were adamant. The thing is that US regulators are pursuing a policy aimed at preventing the distribution of securities under the guise of cryptocurrencies and digital tokens. The fact that XRP is controlled by one company means that this cryptocurrency has at least one sign of a security, therefore, listing it can lead to serious problems for the exchange.

Last year, the head of Ripple appealed to Gemini with a proposal to conduct a listing of XRP for $ 1 million in Fiat. This was followed by several other proposals with differing conditions, the source said.

During preliminary talks with Coinbase last fall, Ripple suggested to borrow to the exchange over $ 100 million in its own crypto currency, with the prospect of extracting a major benefit from the subsequent growth of the exchange rate.

Both exchanges were forced to refuse Ripple, the source explained.

A spokeswoman for Ripple stated that not all the information provided by the sources corresponded to reality, but refused to say what they had made a mistake.

Among other things, if XRP will still be recognized as a security, exchanges can begin delisting process of the coin.

R3’s New App to Support XRP Payments

Corda Settler is a opensource application in the CorDapp pack and makes it possible to make payments for payment obligations in the Corda networ
06 December 2018   131

Banking blockchain consortium R3 has announced the launch of the Corda Settler application for international cryptocurrency payments in corporate distributed networks. The first supported digital asset in the application is the XRP token, CoinDesk reports.

The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important step in showing how the powerful ecosystems cultivated by two of the of the world’s most influential crypto and blockchain communities can work together. While the Settler will be open to all forms of crypto and traditional assets, this demonstration with XRP is the next logical step in showing how widespread acceptance and use of digital assets to transfer value and make payments can be achieved.
 

Richard Gendal Brown

CTO, R3

Corda Settler is a opensource application in the CorDapp pack and makes it possible to make payments for payment obligations in the Corda network through any parallel means supporting cryptocurrency, crypto assets or traditional payment mechanisms that can provide cryptographic confirmation of the fact of settlement of transactions.

In particular, the application verifies the transfer of the expected amount to the recipient’s account, automatically updating the Corda registry. Also in the developers' plans is the addition of support for deferred netting of transactions and settlements on pre-established amounts in real time.

When a payment obligation arises in the Corda system, one of the parties may request payment in XRP tokens. The other party will receive a notification of such a request and that it must configure the payment to be sent to the specified address before a certain date. As soon as the oracle service confirms the payment, the parties may consider the obligation fulfilled.

Application support for the XRP token may seem somewhat unexpected if we recall the recent court proceedings between R3 and Ripple, but a source close to the situation claims that the disagreements did not have anything to do with it. The very launch of a new payment mechanism, he said, should give greater legitimacy to cryptocurrencies.