big news xrp has replaced bitcoin xrp to 90 000 crypto law founder john deaton shared
the news that ripple blockchain technology is now being used by canada's leading bank cibc
for cross-border payments welcome to the rich club channel if you like this video
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all you need to do is write the word xrp watch the video to the end to like and subscribe ripple's
partner nab one of australia's four largest banks said on its website that it is partnering with
canada's cibc using ripple's blockchain network technology cibc is a leading global financial
institution headquartered in canada serving 11 million private banking and business clients
we're excited to be working with cibc and have already partnered with them in using ripple's
blockchain technology to complete international payments transfers between our banks as a proof
of concept the bank s website also says we believe that technology can not only deliver international
payments in real time but also improve the security and efficiency of our payment systems
as we wrote earlier ripple net general manager ashish burla said that its core product odl
on demand liquidity operates in 22 target markets and is close to achieving global coverage nyam
has launched a new solution for brokerage payments which offers international financial institutions
fos a faster and more cost effective method of calculating transactions for selected u
s brokerage companies which allows customers to easily invest in u.s stocks our new payment
solution for financial institutions that send money to brokerages allows their retail customers
to invest in u.s stocks quickly and easily said frederick crosby director of revenue at singapore
based payment company nyam the new solution which uses ripplenet predicts a reduction in
settlement costs for financial institutions by up to 90 compared to the swift payment network for
transactions on international brokerage accounts frederick crosby said at niam we are constantly
striving to empower growing companies with global reach to move money in a smart fast and secure way
the new niam solution significantly reduces the cost of these transactions allowing financial
institutions to either share the savings with customers or reinvest the profits in the business
nyam pointed out three main advantages of its global payment network and new brokerage
solution savings of up to ninety percent increased customer satisfaction and increased demand for new
partnerships cost savings of up to ninety percent global financial institutions using
the niam brokerage solution can save up to ninety percent on each transfer and use these savings to
increase profits and reduce losses or increase volume by offering customers cheaper transfers
improving customer satisfaction reducing the friction associated with investing in the u
s stock market for international investors increases customer loyalty and brand attachment
increased demand for new partnerships by using the nyam network to optimize payments
to brokerage accounts in the united states global financial institutions can attract
new customers by taking advantage of low-cost nym transfers to create new partnerships with brokers
retail investors have rushed to invest in global markets seeking to diversify banks
and brokers serve new market participants and should be able to meet their requirements the
nyam global payment network allows these global companies to maintain a competitive advantage
and stand out in the industry nyam was founded in 2014 and uses ripple's advanced blockchain
technology to process its customers transactions in real time it is said that it is the first in
the region to offer corridors from north and south america to a number of destinations in southeast
asia new network connections have also helped nyam strengthen its presence in australia
singapore and malaysia ripple is rapidly expanding its presence in the middle east ripple's partner
the qatar national bank qnb the largest financial institution in the middle east in africa
says that it has successfully launched a ripple net corridor ripple's global financial network
technology between qnb qatar and qnb finance bank turkey thereby expanding ripple's presence in the
middle east this information was shared by one of the authoritative members of the xrp community on
twitter new hashtag ripple partner qnb october 4th mentions the ripple partnership and the new
corridor opened between qnb qatar and qnb finance bank turkey according to the bank the number of
key money transfer corridors will grow in the future the company signed an agreement in october
2021 and even then it was said that qnb would initially test ripplenet with qnb finance bank in
turkey as part of the group's rollout with plans to expand to other key money transfer corridors in
the future in 2020 ripple's regional headquarters was established in dubai and the company currently
has a large number of partners in the middle east and north africa mena regions which are
two of the three largest money transfer corridors in the world last year ripple announced the launch
of the region's first on-demand liquidity odl service in the middle east together with pyypl an
international company providing blockchain-based financial services in the middle east in africa in
addition last year ripple announced its first odl corridor in japan in partnership with sbi renit
and acquired a 40 stake in triangle in malaysia to expand the availability of its odl service
qnb group which is currently considered the most valuable banking brand in the middle east in
africa is proud to be the official sponsor of the fifa 2022 world cup in the middle east in africa
and the official qatari bank of the fifa club world cup in qatar 2020 through its subsidiaries
and associated companies the group operates in more than 31 countries on three continents
providing a wide range of advanced products and services the xrp price has set three lower
lows and two higher lows since december 21 2021 which when combined using trend lines led to the
formation of a symmetrical triangle this pattern predicts a 46 rise obtained by adding the distance
between the maximum and minimum of the first oscillation to the breakout point this measurement
method also showed that the xrp price is likely to return to the one dollar 20 barrier however in
order for this movement to be possible bulls must stay above the upper trend line of the symmetrical
triangle in addition altcoin needs to overcome the psychological level of one dollar and turn it into
a support level ripple xrp rose on march 26th indicating that bulls are buying on minor drops
buyers pushed the price above the strong resistance at zero dollars 86 but faced resistance
around zero dollars 91 both moving averages have an upward slope and the rsi is in a positive zone
if buyers do not allow the price to fall below zero dollars 86 the probability of a break above
zero dollars 91 will increase if this happens the xrp usdt pair may rise to the psychological
level of one dollar this positive view will be invalidated if the price deviates from the current
level or upper resistance at zero dollars 91 and falls below the moving averages such a move could
pull the price to a strong support at zero dollars seventy the live xrp price today is zero dollars
eighty-eight us dollars with a 24-hour trading volume of three billion seven hundred and forty
million us dollars we update our xrp to usd price in real time xrp is down zero four percent in the
last 24 hours do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
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