Wietse Wind, the founder of Ripple-focused XRPL Labs, which is developing several products with the intention of increasing Ripple adoption, has revealed that the company is in the process of obtaining a banking license for its XRPTipBot.
The BIG news from yesterday’s $XRP meetup is that @WietseWind is in the process of obtaining a banking license for @xrptipbot!@XRPLLabs is going to bridge the legacy network!— Tiffany Hayden (@haydentiff) April 21, 2019
Don’t fight the old, build the new!#XRPTheStandard #XRPCommunity #0doubt @baltazar223 @ThisIsTRISS pic.twitter.com/C56MqRNDaX
The XRPTipBot allows users to send and receive XRP, and has already been integrated into Outlook, Gmail, Twitter, and Reddit. It was recently revealed that the XRPTipBot is being considered for integration into Skype.
The banking license would be accompanied by KYC and AML features that would make expansion for the product easier, at least as far as persuading regulatory authorities to allow operations is concerned. A successful application for the license would allow XRPL Labs to offer remittance services in the XRP token. A full banking license would allow for a greatly increased scale of operations.
Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai, a stablecoin pegged to the United States dollar.
Do good work, earn a "badger" - that's the idea behind a new incentive launched by Microsoft and blockchain gaming project Enjin.
Cointelegraph has announced the launch of its Cointelegraph Consulting division, which is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain and then matching them with enterprise vendors to implement solutions.
China's Great Firewall, used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of Ethereum blockchain data.
The Stellar Development Foundation has burned 55 billion of its XLM tokens, over half the cryptocurrency’s supply, CEO Denelle Dixon announced from the stage of the Stellar Meridian conference Monday.