A recently-released XRP news has forecasted that the long-awaited XRP ETF will be approved in months. This XRP news has created buzz in Ripple communities and forums.
If approved, this could mark a historic milestone and significantly impact the XRP price. However, some investors still doubt the authenticity of the news.
Is this XRP news trustworthy? Is the approval coming through soon? Let’s talk about it.
Ripple is one of the most resilient and ever-growing ecosystems in the crypto market. Despite being at loggerheads with the U.S. SEC for years, the payment ecosystem stood tall and later won in court.
The GENIUS ACT was signed two months ago, which offers Ripple the legal license to roll out its stablecoin, RLUSD. Ripple has also continued to expand its payment corridor and has even applied for a banking license in the United States, which is currently under review.
With the Implementation of all these new updates on the ecosystem, XRP price will benefit from increased usage in FX swaps, settlement rails, and institutional flows.
This positive XRP news comes at a time when Ripple is strengthening its position in global finance. And with the number of partnerships that Ripple has bagged with banks, payment providers, and financial institutions, XRP approval might come sooner than expected.
With the surge of institutional investors rushing to invest in Ripple, the need for an XRP ETF is imminent, and the SEC would have no option but to approve. This could trigger a wave of new capital inflows into XRP, causing a price surge.
While XRP’s focus is on institutional-level transactions, a new PayFi project, Remittix, is focusing on retail and daily to daily transactions.
Remittix (RTX) is an Ethereum-built cross-border payment solution that facilitates direct crypto-to-fiat payment. Users send over 40+ cryptocurrencies deposited as fiat directly to the recipient’s bank account in 30+ countries.
The project focuses on retail and business adoption, with APIs designed to help merchants and freelancers process crypto payments seamlessly.
Remittix Highlights:
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Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
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