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How Ripple’s xRapid Might Help XRP Token Get Favorable SEC Security Ruling



Will xRapid Adoption Help XRP Get A Favorable SEC Ruling

The adoption of xRapid by companies like Viamericas seems to be favoring XRP at the end of SEC.

Just as promise, Ripple (XRP) at the SWELL 2018 event, which featured magnificent tech giants from the across the world, unveiled the launch of its most promising tool xRapid for commercial use, and immediately, three top companies which includes Cuallix, Mercury FX and Catalyst Corporate Federal Credit Union adopted it for use.

Added to that, Ripple later announced that Viamericas has joined the league of the companies which will be using xRapid to slash their liquidity costs in sending real-time payments.

“Global payment providers, such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to significantly lower their liquidity costs and send real-time payments, an industry first,” Ripple stated.

Why Viamericas Adoption of xRapid Is Crucial for XRP

It was recently uncovered on twitter that XRP’s SEC ruling may get a boost in favor.

While Paul S. Dwyer, the Chairman of Viamericas, is also the head of service at of the US Money Service Business Association (MSBA), which has huge working relationship with US regulatory bodies like the US Security and Exchange Commission (SEC), Ripple’s XRP has been tipped of better treatment from the regulators end.

This would likely be a major boost for XRP as MSBA mission statement states that its objective is to grant quality innovation and development inroads in the payment industry, as well as “promoting the education and communication with Federal and State Regulators”.

Thus, a major leapfrog for the US-based technology startup, Ripple, as its aim is to use XRP for cross-border remittance services.

“The MSBA helps lead the efforts to ensure that customers get fair, safe and compliant service, and that the industry constantly seeks to team with regulators, banks, law enforcement and consumer advocates to ensure that threats to the efficiency, integrity and reputation of the industry–from unlicensed operators to unjustified adverse direct and indirect regulation–receive the full attention they deserve,” Paul Dwyer in an announcement noted.

Can XRP leverage on Paul Dwyer’s status?

Viamericas adoption of xRapid which uses XRP for transaction would be a mover and shaker for the Cryptocurrency as the corporation holds presence in over 34 countries and about 3 continents with 76,000+ cash out point centers around the world.

It is well known to the world that SEC is yet to declare its regulatory stand on XRP, and if this would later have a negative legal and regulatory implications, Viamericas as a big corporation, and Dwyer who is well familiar with the system, wouldn’t have adopted it for use.

Michael Didiuk an erstwhile worker of the SEC, before now declared XRP is not a security, however, rather as a currency.

“I don’t think XRP is a security, I think XRP is a currency. The reason why is […] Howey test… It’s a 4-factor test – Investment of money in a common enterprise with the expectation of profits based on the efforts of others,” Micheal in an interview stated to back his claim.

In line with that, Viamericas must have done their research to affirm that XRP is a utility and not a security. As a utility, XRP won’t be able to meet with the conditions set by Howey Test.

The Pathway Is Clear For Ripple’s XRP

Although, there is still no comment from the US Regulatory body, but evident of the above, it is gradually becoming clear that XRP has higher chances of being flagged by the regulator as a utility. At the moment, investors are very much curious about the stand of SEC on XRP, and this should be a flashlight.

In the end, investors are likely going to realize that SEC ruling would incline with Ripple’s assertion.

Ripple’s Chief Marketing Strategist, Cory Johnson has commented that their communication with the Head of Government and Regulatory Relations at White House, Sagar Sarbhai is surely a fruitful one. As an addition, APAC & Middle East also added support for Ripple.

Sagar noted that Ripple Labs, Inc. has been having connection with SEC, giving SEC explanations to make them understand XRP better, and that owners of the cryptocurrency cannot obtain any stake from Ripple the company profitability.

Sagar previously stated that Ripple would launch xRapid in months, and the resultant effect was a spike in price of the altcoin. While the tool was truly launched at the evergreen conference, SWELL 2018, Sagar stands as an important figure in driving XRP.

Source: Bitcoin Exchange Guide News Team


Ripple price analysis: How far can this lethargic range-bound trading go?



  • Ripple price is forced to trade in a narrow range between $0.2700 and $0.2750.
  • The sideways action has the potential to last through all the sessions on Thursday if technical levels remain the same.

Ripple is stuck in a very narrow range between $0.27 and $0.28. The Asian trading session has seen very minor action actions on either side. From an opening price of $0.2721, XRP has only managed to rise to $0.2730 (intraday high). A low of $0.2718 has been touched on the day but XRP is dancing with $0.2727 at the time of writing.

XRP is also locked between the Simple Moving Average support and resistance. Where the 50 SMA on the 1-hour chart is offering immediate support while the 100 SMA caps movement at $0.2750.

The sluggish movement witnessed with the Relative Strength Index suggests that the current sideways trend will continue dominating XRP’s activities. Similarly, the Moving Average Convergence Divergences puts emphasis on the same ranging trend by holding tight on to the mean line. Apart from the 50 SMA, other support areas include $0.27, $0.2650 and $0.25.

XRP/USD 1-hour chart

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Ripple Exec: MoneyGram to utilize Ripple’s On-Demand Liquidity (ODL)



  • MoneyGram has ODL up and running in countries like Mexico and Thailand.
  • Ripple claims that 24 of its 300+ clients have already signed up for ODL.

Marjan Delatinne, Ripple’s global head of banking, is giving new insight into MoneyGram’s use of the XRP-based payment solution – On-Demand Liquidity (ODL). Speaking at the Asia House Global Trade Dialogue in Singapore, Delatinne said MoneyGram is already working with ODL in countries such as Mexico and Thailand. MoneyGram, for instance, is a case that went live recently.

They are using this solution in a few markets, as I mentioned in more exotic markets like Mexico, Thailand – and they see already a great efficiency decrease in the costs in the way that the treasury and liquidity management is happening.

Delatinne gave a brief idea about how ODL functions. He also highlighted the influence it could have in the world of cross-border payments, specifically in emerging markets.

So imagine you’re a payment service provider and you want to send $100 to Mexico. You use our native digital asset, which is called XRP, as a bridge currency between the two fiat currencies. So changing from USD to XRP and immediately after to the Mexican peso.

This is really revolutionizing the way that money is handled because today FX and the transfer of money are not happening at the same time. And this creates a lot of exposure, especially to low margin organizations…

This still, of course, needs to be more commercialized. But this is really shifting the way that we think about the transfer of money compared to what is [happening] today.

ODL was launched in October of 2018. According to Ripple, 24 of its 300+ clients have already signed up for ODL since then.

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Kyoto University becomes Japan’s first Uni to run XRPL validator



Ripple’s aggressive marketing and partnership strategy, in addition to the banking sector, has branched out into other fields as well, with its University Blockchain Research Initiative (UBRI) aiming to bring universities closer to blockchain, cryptocurrencies, and the digital payments landscape. As part of this venture, Japan’s Kyoto University has now announced that it will be the first Japanese university to run an XRPL validator.

The information was shared by Emi Yoshikawa, Senior Director, Global Operations at Ripple, whose tweet also read,

According to Kyoto University’s official announcement, the General Survival School (Shishukan) will co-host the seminar with Ripple’s David Schwartz CTO as a lecturer.

As an XRPL validator, the university will be able to participate in Ripple’s existing consensus process that supports the ongoing decentralization of the XRP Ledger. At the crux of the protocol, every member using the XRP Ledger must agree on the latest state of every transaction, without needing a central operator. Similar to existing nodes on the Ripple network, Kyoto University will also be ranked on the basis of availability, consistency, reliability, and transparency.

Interestingly enough, Ripple used to run a majority of XRP validators nodes, which have now been taken over by 974 nodes over time, according to Bithomp. In addition to Kyoto University’s involvement in the blockchain space, Yoshikawa publicly supported the notion of launching XRP Ledger validators at universities throughout Japan. She said,

“University student Rippler, please make a suggestion to your university teacher! It will be a practical project that will give you a better understanding of how XRP Ledger works.”

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