Latest news with #XRP-based
Associated Press
27-05-2025
- Business
- Associated Press
Atua AI Deepens XRP Cryptocurrency Stack to Support High-Performance Financial Intelligence
Advanced Integration Enables Smarter, Faster, and Scalable AI-Driven Operations for Web3 Finance Singapore, Singapore--(Newsfile Corp. - May 27, 2025) - Atua AI (TUA), the decentralized AI-powered productivity platform, has deepened its integration with the XRP cryptocurrency stack to support high-performance financial intelligence across multichain ecosystems. This upgrade strengthens the platform's ability to deliver real-time, intelligent automation for DeFi applications, asset management, and decentralized enterprise operations. [ This image cannot be displayed. Please visit the source: ] Intelligent finance powered by fast, scalable blockchain infrastructure To view an enhanced version of this graphic, please visit: With expanded XRP stack capabilities, Atua AI now provides even faster processing for complex financial tasks including cross-chain settlements, treasury automation, risk analysis, and yield optimization. AI modules such as Chat, Writer, and Classifier benefit from deeper access to XRP-based transaction layers, enabling instant data interpretation and seamless smart contract execution. The upgrade also enhances data transparency and operational reliability, giving developers and institutions the tools to build and manage scalable, AI-driven systems. Whether executing large-scale trades or managing multi-asset portfolios, users can now rely on Atua AI to deliver accurate, low-latency outputs backed by XRP's secure and cost-effective infrastructure. Atua AI's expansion of its XRP integration underscores its mission to combine advanced AI with robust blockchain frameworks. This step forward brings the platform closer to enabling fully intelligent, real-time financial ecosystems optimized for Web3 speed, scale, and security. About Atua AI Atua AI offers AI-powered productivity and creativity tools in the Web3 space. Its features include Chat, Writer, Imagine, Voiceover, and Classifier-all designed to empower users with intelligent, decentralized solutions for content creation, coding, analysis, and more. Media Contact Dorothy Marley KaJ Labs +1 707-622-6168 [email protected] Social Media Twitter Instagram To view the source version of this press release, please visit
Arabian Post
13-05-2025
- Business
- Arabian Post
Ripple's Legal Triumph Reshapes Crypto Regulatory Landscape
Ripple Labs has reached a landmark settlement with the U.S. Securities and Exchange Commission , concluding a protracted legal battle that has significantly influenced the cryptocurrency sector. The agreement entails Ripple paying a reduced fine of $50 million, down from the initially imposed $125 million, without admitting any wrongdoing. This settlement, pending approval from the SEC and the presiding judge, marks a pivotal moment in the ongoing discourse surrounding digital asset regulation. The SEC's lawsuit, initiated in December 2020, accused Ripple of raising over $1.3 billion through unregistered securities offerings by selling its XRP token. A critical development occurred in July 2023 when U.S. District Judge Analisa Torres ruled that while XRP sales to institutional investors violated securities laws, XRP sales on public exchanges did not constitute securities transactions. This nuanced decision provided a partial victory for Ripple and set a precedent for how digital assets might be classified in the future. The resolution of this case has had immediate market implications. XRP's price surged by approximately 14%, reaching highs of $2.59, reflecting renewed investor confidence. The token's market capitalization also saw a significant increase, positioning XRP as the third-largest cryptocurrency by market value. This market response underscores the broader industry's anticipation for regulatory clarity and the potential for increased institutional adoption. The settlement aligns with a broader shift in the SEC's approach to cryptocurrency regulation under the current administration. The agency has recently dropped several high-profile cases against major crypto exchanges, signaling a move towards a more collaborative regulatory framework. President Donald Trump's administration has expressed support for the crypto industry, with initiatives such as the establishment of a government crypto reserve that includes XRP and the nomination of Paul Atkins, known for his pro-crypto stance, to chair the SEC. Ripple's legal victory also opens the door for potential advancements in the cryptocurrency market infrastructure. Analysts suggest that the favorable outcome could pave the way for the approval of an XRP-based exchange-traded fund , further legitimizing the asset class and providing investors with more accessible investment vehicles. Additionally, the classification of XRP as a commodity rather than a security could lead to less stringent oversight and encourage broader adoption. Arabian Post – Crypto News Network
Yahoo
13-05-2025
- Business
- Yahoo
Florida Pharma Firm Will Use XRP for Real-Time Payments in $50M Financing Deal
A Florida-based pharmaceutical distributor is backing XRP as a treasury and payments asset, putting the token at the center of a $50 million financing deal. Wellgistics Health (WGRX) said Thursday it had secured an equity line of credit to support XRP-based reserves and infrastructure for real-time payments. The company plans to use the blockchain to settle transactions across its pharmacy network, manage vendor payouts, and issue credit lines backed by XRP. The move makes Wellgistics one of the few publicly listed U.S. firms to actively integrate XRP into its financial operations. XRP will help eliminate banking delays and lower settlement costs of fractions of a cent, two key resistance points in pharmaceutical supply chains. 'We believe that there are certain advantages to integrating XRP and its related infrastructure into its healthcare ecosystem,' the firm said in the release. 'XRP settles transactions in 3-5 seconds vs. 1-3 days for ACH or wire transfers, allowing for near real-time settlement among pharmacies, suppliers, and manufacturers. All transactions are logged on the XRP Ledger for real-time compliance, rebate tracking, and auditability,' it said, adding that the token will help process global vendor payouts at very low foreign exchange rates. The credit facility is being provided by New York-based LDA Capital. No timeline was provided for the XRP-based services would actually begin. Sign in to access your portfolio
Business Mayor
09-05-2025
- Business
- Business Mayor
Wellgistics Integrates XRP for Healthcare Payments via $50 Million Credit Facility
Wellgistics Health has secured a $50 million credit facility to implement XRP-based treasury and payment systems, aiming to revolutionize transaction efficiency within its healthcare network. $50 Million Credit Line Fuels Wellgistics' Blockchain Payment Initiative Wellgistics Health Inc. (Nasdaq: WGRX) has announced a $50 million equity line of credit (ELOC) to integrate XRP into its financial […] READ SOURCE
Yahoo
09-05-2025
- Business
- Yahoo
Ripple to Expand Its Quarterly XRP Markets Report as Institutional Usage Jumps
Ripple will sunset its quarterly XRP markets reports in its current form after Q2 2025, with newer versions including deeper insights as the token grabs more demand among institutional investors. The quarterly XRP Markets provides transparency into Ripple's XRP holdings and updates on the state of the crypto markets and the XRP ecosystem. 'However, the reality is that the report has not had the intended effect,' Ripple said in its Q1 2025 report Monday. 'In many instances, Ripple's transparency has been used against the company, most notably by former SEC leadership.' 'As more institutions engage with XRP, additional perspectives and insights are expected to follow, pushing the market conversation forward,' it added. This comes amid a flurry of XRP-based ETF filings in the U.S. and Brazil, with a leveraged XRP ETF already offered to investors since April. XRP delivered one of the strongest performances among major cryptocurrencies in Q1 2025, surging nearly 50% in early February and outpacing both bitcoin (BTC) and ether (ETH) during a period marked by market turbulence and rising macroeconomic uncertainty. While BTC remained range-bound and ETH trended lower, XRP stood out for its relative strength, with the XRP/BTC ratio rising more than 10% during the quarter, the report noted. That strength was matched by growing institutional interest. XRP-based investment products recorded $37.7 million in net inflows during the quarter, pushing the year-to-date total to $214 million, just $1 million shy of surpassing ETH-focused funds. XRP spot market activity remained robust throughout the quarter. Average daily volumes hovered around $3.2 billion, with Binance maintaining a dominant share at 40%, followed by Upbit and Coinbase. Price volatility spiked in February, pushing realized volatility to around 130%, as XRP touched levels not seen since early 2018. On-chain activity on the XRP Ledger moderated after a period of expansion in late 2024. Wallet creation and transaction volume dropped by 30–40%, in line with broader slowdowns across Layer 1 networks. However, XRP DeFi activity showed resilience, with DEX volume slipping just 16% quarter-over-quarter. RLUSD was a key driver of activity, with its market cap surpassing $90 million and cumulative DEX trading volume crossing $300 million. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
