WisdomTree has submitted a proposal for a spot XRP ETF, which is currently open for public comments for 21 days. After this commenting period, the SEC has up to 240 days to review the proposal, with a final decision expected by late October 2025. This ETF proposal is part of a wave of similar filings, ...
Bitcoin and Ethereum are currently facing challenges, while XRP is experiencing positive trends. Since 2019, Bitcoin has surged 2,370% and Ethereum 1,650%. However, XRP has only seen a 34% rise due to legal issues, but recent changes in the U.S. administration have sparked renewed investor interest. The launch of Ripple USD, a new stablecoin, may ...
Goldman Sachs has revealed a significant increase in its cryptocurrency investments, with over $2 billion in exposure to Bitcoin and Ethereum as of December 31. Their recent filing showed that Bitcoin exposure rose to $1.56 billion, more than double from the previous quarter, largely through BlackRock’s Bitcoin ETF. Additionally, Goldman Sachs reported a remarkable jump ...
Ripple launched the XRP Ledger in 2012 to facilitate quick, low-cost cross-border payments using its digital asset, XRP. With over 80 markets and 100 financial institutions participating, the network has completed transactions worth more than $70 billion. As it aims to tap into a projected $290 trillion international payments Market by 2030, XRP stands as ...
In 2012, Ripple launched the XRP Ledger, a digital payments network designed for fast and affordable international transactions. With over 80 markets and 100 financial institutions using it, XRP has facilitated more than $70 billion in transactions, but there’s massive potential as global cross-border payment volume is projected to reach $290 trillion by 2030. Currently ...
Salesforce’s Connected Financial Services Report highlights a significant change in the financial industry, emphasizing the growing role of AI-driven agents in enhancing digital engagement and customer service. Based on insights from 9,500 consumers worldwide, the report reveals that a large percentage of customers now expect seamless, AI-powered experiences, with many willing to stay with their ...
FIS, a leading FinTech company, has gained certification to enable credit transfers using the FedNow Service, as announced on February 4. This development will allow financial institutions to offer instant payment capabilities to their customers, enhancing their digital payment experiences. With the new features, consumers can make payments for loans, rent, or bills without the ...
Lyzr AI has launched its first AI Customer Service Agent tailored for the banking sector, following extensive collaboration with over 30 financial institutions. This innovative solution aims to assist mid-sized banks in overcoming key challenges such as labor shortages, slow revenue growth, and declining customer experience. The AI agent seamlessly integrates with existing banking systems ...
Lyzr AI, a leader in responsible artificial intelligence, has launched its first AI Customer Service Agent specifically designed for the banking sector. After partnering with over 30 financial institutions, Lyzr has identified key challenges such as labor shortages and declining customer experience faced by mid-sized banks in the U.S. The new AI solution aims to ...
The U.S. Securities and Exchange Commission has repealed a rule known as Staff Accounting Bulletin 121, which made banks classify bitcoin and other digital tokens as liabilities. This decision comes after years of pressure from the crypto industry and could potentially encourage Wall Street banks to invest in cryptocurrencies. The former administration’s guidance raised the ...
