Ripple is making major investments in the XRP ecosystem outside the realm of cross border payments. These movements are designed to increase XRP development and increase value / price.
Xpring’s latest move is to make development with the ILP and XRP Ledger more effective, streamlined and time efficient. We want an easy to use infrastructure and valuable ecosystem to attract businesses to build with XRP.
Ryan Selkis is reporting that Ripple Works Charity Foundation is actually a tax shelter. We discuss this is really an issue regarding Jed Mcaleb and Chris Larsen’s personal tax issues and not an issue for XRP investors to really worry about.
Chris Larsen is stating we want regulations and clear ones which is the opposite of what most crypto projects want. Most people in the crypto industry want governments to stay out. Ripple really wants to work with regulators and help build a stable legal framework where big business and entrepreneurship can flourish within digital assets.
Fidelity has gained a license from the New York Department of Financial Services (NYDFS) to custody crypto for institutional investors. The development of institutional grade adoption has continued even though it has been slower to roll out than some of us have expected.
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