At the time of writing, XRP is currently 7th in market capitalization with a current market valuation of $37.46 billion. And with that cap, XRP is now ahead of Terra (LUNA), Cardano (ADA), and Avalanche (AVAX). At the time of writing, XRP is changing hands at $0.7802.
XRP/USD 4-hour chart | Source: TradingView
XRP price takes back 7th place in the crypto market
More payment providers are leveraging Ripple with RippleNet’s On-Demand Liquidity (ODL) service in the APAC and MENA regions growing to meet the need for fast payments and accessibility instant access to money.
APAC is reported to be one of the fastest-growing regions for RippleNet, where transactions have increased by 130% year over year. In recent years, APAC (Asia Pacific) has risen to dominate the digital banking business, accounting for 20% of the approximately 250 digital banks in the world.
iRemit, a non-bank money transfer service provider leveraging Ripple’s ODL to process remittances from Australia to the Philippines, has announced a partnership with Velo labs to open the Philippines’ $34 billion cross-border payments market.
Last year, Novatti Group announced joining Ripple’s global payments network to tap RippleNet’s On-Demand Liquidity (ODL) service — leveraging the digital asset, XRP, for cross-border payments. Ripple and Novatti’s efforts are primarily aimed at the Australia-Philippines corridor through a partnership with iRemit, the largest Philippine-owned non-bank remittance service provider.
Ripple also announced a partnership with Invert to support projects that reduce and eliminate carbon and help fight climate change. By working together, Ripple and Invert will test and accelerate capital deployment to build a broader portfolio of credit-generating projects.
In an update posted by Defense attorney James K. Filan, the SEC filed an amended statement from Valerie Szczepanik regarding a meeting she attended with Coin Center. The original statement said the meeting took place on June 20, 2018, and the revised statement revised the date to June 20, 2017.
This declaration has to do with the SEC’s proposed redactions to notes of meetings that SEC employee’s had with third parties. The proposed redactions must be submitted to Magistrate Judge Netburn by April 8, 2022.
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) April 6, 2022
This statement still relates to the SEC’s proposed dealings with notes about SEC employees’ meetings with third parties. Magistrates Court Judge Sarah Netburn asked the US Securities and Exchange Commission to submit all of their proposed transactions for in-camera review. The SEC must file them by April 8.
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