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Ripple (XRP) Excited about UBRI Partners Listed by CoinDesk

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CoinDesk recently published: After rigorous research, we’ve published the Top Universities for Blockchain by CoinDesk, ranking 220 schools internationally.

In response Ripple clarified:  It’s amazing to see that 7 of the top 10 universities on CoinDesk’s list are UBRI partners.  We’re excited to help further blockchain education, research and innovation around the world, and believe in the lasting impact it will have in creating real-world solutions for years.

CoinDesk:  How did we do it? CoinDesk’s rankings cover college courses, research output, campus blockchain offerings (like student clubs and research centers), employment outcomes, academic reputation and cost.

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Community response:  Who did this research and what is the methodology? How come you have not included the world’s first MSc in Digital Currency degree since 2014 by UNIC ENG (University Nicosia) including introductory courses to DeFi and Academic Professional Certificates by IFF UNIC (Institute For the Future).

No need to go to university for Blockchain understanding.  If MIT is on the list.  I’d remove it since apparently Gary Gensler spent his time there teaching that crypto has no future and students were wasting their time.

You are really doing the right things. We are very hopeful from you as an investor.  For clarity, Ripple (XRP) are so excited by the list because of the quality they are able to deliver with the UBRI Partners.

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Ripple has collaborated with leading universities from across the world to support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.

They have a long list of Academic partners in this regard.  Ripple are proud about UBRI as they support universities on research, new curriculum development and technical projects.

Each participating university shapes its own topics and areas of focus. In addition to financial resources, Ripple provides students and faculty with strategic guidance, technical resources and funding, where appropriate.

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Their focus is to inspire students, including people with diverse backgrounds and experiences, to become part of the workforce of the future in blockchain, distributed computing, banking and FinTech.

Ripple is excited 7 of their partner universities are listed by Coinbase.  Ripple are continuing to help create a more robust and valuable global blockchain ecosystem for all and to address the growing demand around the world for new technological solutions, use cases and talent.

Ripple’s university partnerships team is working with UBRI’s 29 academic partners to help them identify research, technical projects and other academic activities they will pursue as part of the UBRI program. Ripple is not seeking additional UBRI partners at this time.

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Here’s how Ripple is expanding its footprint in Asia Pacific

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Ripple is partnering with another company in Singapore to expand its services for cross-border payments in the Asia Pacific. The new partnership is aimed at expanding RippleNet’s footprint in the region by offering the fundamental infrastructures for cross-border payments for banks.

Ripple had a plan to acquire a 40% stake in Tranglo company, and the new partnership follows that intention. The first country to receive the results of the new partnership in the Philippines, and new corridors will be launched after that.

Providing the Structure for Cross-Border Payments

There are many opportunities in the Asia Pacific area for companies that are solving payment challenges. Cross-border payments are among the essential needs of banks and citizens in that region because many of the people work abroad and help their companies by sending money from other countries.

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Ripple is among the most active blockchain companies that have a considerable focus on this area. The RippleNet solution has helped many big banks launch corridors for cross-border payments, and the new partnership with the Tranglo company is aimed to expand these services.

Tranglo will launch its first live On-Demand Liquidity (ODL) service on RippleNet in the Philippines in six months as the first result of the partnership with Ripple. More corridors will be introduced in the coming months. The Philippines is a very good target region for this partnership because this country is the third-largest remittance-receiving country in Asia.

Tranglo is among the best companies in East Asia, helping cross-border payments for citizens. It has supported existing RippleNet corridors in the Asia Pacific before. Companies like BKK Forex, DeeMoney, and Siam Commercial Bank use Tranglo services. These new connections help the company process more currencies in the region.

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Ripple execs believe the Singapore company can help them very well in expanding footprints in the Asia Pacific region. Brooks Entwistle, Managing Director of RippleNet in APAC and MENA, said:

“The strong traction with Tranglo in the past 6 months alone is testament to how we’re executing well on our shared mission to transform the cross-border payments experience in Asia Pacific, a region which is often tricky to navigate. Tranglo’s in-depth regional experience has been extremely instrumental in expanding RippleNet in Asia Pacific, and I’m excited to see us further collaborate to scale our partnership to new heights.”

New partners using the RippleNet solution for payments means more customers for Ripple. It always has been a great goal for the company, and it seems to be working based on numerous partnerships. All of these incidents can help the XRP coin, too, by increasing the demand.

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Ripple Forecast and XRP/USD Analysis October 21, 2021

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XRP/USD are trading at 1.1307 and continue to move within the growth and bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $53,450,449,348. Moving averages indicate a short-term bearish trend for Ripple. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate in the market already from current levels. At the moment, we should expect an attempt to develop a small correction of the asset and a test of the support level near the 1.0785 area. Further, an upward rebound and a continuation of the rise of the cryptocurrency to the area above the level of 1.2505.

Ripple Forecast and XRP/USD Analysis October 21, 2021

In favor of raising the XRP/USD quotes, a test of the support line on the relative strength index (RSI) will come out. The second signal in favor of the growth of asset quotes will be a rebound from the lower border of the bullish channel. Cancellation of the option of raising the cryptocurrency will be the fall and closing of quotations below the level of 0.9505. This will indicate a breakdown of the support area and a continued fall in XRP/USD to the area below the level of 0.8505. Confirmation of the growth of the digital currency rate will be the breakdown of the resistance area and the closing of prices above the level of 1.2205, which will indicate a breakdown of the upper border of the downward correction channel.

Ripple Forecast and XRP/USD Analysis October 21, 2021

Ripple Forecast and XRP/USD Analysis October 21, 2021 imply an attempt to test the support level near the 1.0785 area. Where can we expect the cryptocurrency to continue to rise with a potential target at the level of 1.2505. An additional signal in favor of the growth of Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the option to raise quotes will be a fall and a breakdown of the 0.9505 area. In this case, we should expect a continuation of the decline in the rise in digital currency with a target below 0.8505.

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UAE exchange expands partnership with Ripple, for cross-border payments

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The Ripple-effect can be felt in various corners of the world including the United Arab Emirates. Al Ansari Exchange, the UAE-based foreign exchange and money transfer company announced the expansion of its partnership with Ripple to deliver cross-border payments.

In doing so, Al Ansari exchange will be leveraging RippleNet in conjunction with MoneyMatch, a leading money transfer technology company. RippleNet’s assistance will allow the exchange to carry same-day remittances along with support from MoneyMatch. The services will initially only offer Malaysian ringgit.

The CEO at Al Ansari exchange, Rashed A. stated,

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“Adopting this technology on the cloud via our partnership with Ripple and MoneyMatch is in line with our commitment to provide our customers with more flexible, faster, safer and more innovative money transfer solutions.

Together, we are carving new benchmarks in the industry, with an end goal of redefining customer experience and taking our services to the next level internationally.”

This has been in line with the exchange’s initiatives to contribute to UAE’s fintech agenda and will also play a role in the “Projects of the 50.” Ripple’s technology will gain more prominence in the region given Al Ansari was among the largest and longest-standing exchanges, focused on expanding their network.

According to Navin Gupta, Managing Director, South Asia, and MENA, at Ripple,

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“We view this partnership with MoneyMatch as a continuation of that ethos, and we’re excited to be partnering with them to improve cross-border payments in key remittance corridors with RippleNet Cloud.”

The General Manager of RippleNet, Asheesh Birla, had earlier noted that the APAC region remained Ripple’s busiest region of customer demand and transaction growth. It had earlier facilitated a corridor between India and UAE, given the high remittance volume. As UAE advances its fintech standing, Ripple has been contributing to change the face of cross-border payments.

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