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XRP-linked firm rolls out platform after $1 billion GTreasury deal

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XRP-linked firm rolls out platform after $1 billion GTreasury deal

Blockchain-based payments firm Ripple launched a new enterprise product, Ripple Treasury, earlier this week that’s aimed at helping companies manage traditional cash and digital assets within a single system, following its $1 billion acquisition of treasury software firm GTreasury last year.

The platform allows corporate finance teams to move money across borders using Ripple’s RLUSD stablecoin, settling payments in three to five seconds instead of the three to five business days typical for bank wires.

Ripple says the system is designed to reduce idle capital and simplify liquidity management for global firms.

Ripple Treasury integrates directly with corporate treasury workflows through APIs, pulling balances and transactions from digital asset platforms into the same dashboards used for cash, debt and short-term investments.

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The idea is to let firms treat crypto rails as an extension of their existing banking infrastructure, rather than a separate system managed manually.

Beyond payments, the platform connects users to overnight repo markets and tokenized money-market funds, including BlackRock’s BUIDL. That allows companies to earn yield on excess cash around the clock, instead of parking funds in bank accounts that stop operating outside business hours.

The launch marks Ripple’s first major product release since acquiring Chicago-based GTreasury in October, a deal that brought decades of enterprise treasury experience into the company.

Ripple is also leaning on infrastructure from Hidden Road, the prime brokerage it bought last year, to provide access to short-term funding markets.

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Crypto World

Crypto Jumps 2.5% Amid Trump-Iran Deadline Threats

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Crypto Jumps 2.5% Amid Trump-Iran Deadline Threats

Crypto markets bounced 2.5% as US President Donald Trump sent mixed signals over a potential deal with Iran to reopen the Strait of Hormuz, including reports of a possible ceasefire that could permanently end the war. 

In an expletive-laden post on the Truth Social platform on Sunday, Trump threatened that Iran would be “living in Hell” if the Strait of Hormuz is not reopened.

However, he also acknowledged in a Fox News interview that Iran is “negotiating now” and expressed optimism about a “good chance” of a deal within 24 hours.

Total market capitalization has climbed about $70 billion, or 2.5%, to an 11-day high of $2.44 trillion in early trading on Monday on the news. Bitcoin tapped $69,500 on Coinbase, according to TradingView.

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The small jump has led to total liquidations of around $255 million over 24 hours, 73% of them being short positions, according to data from CoinGlass. 

Trump’s comments come after more than a month of war, contributing to surging global oil prices that some fear could lead to a global economic recession. 

Trump initially gave Iran a 10-day window to reopen the Strait of Hormuz, but his latest post suggests that Iran now has until Tuesday to reopen the waterway, or the US would attack Iran’s power plants and bridges. 

“There will be nothing like it!!! Open the fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH!” he said. 

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Source: Truth Social

A potential deal within 24 hours

Despite the aggressive rhetoric, Trump also acknowledged that Iran is “negotiating now” and expressed optimism about a “good chance” of a deal within 24 hours.

He also said, “If they don’t make a deal and fast, I’m considering blowing everything up and taking over the oil.” 

Related: New Bitcoin price lows ‘matter of time’ says trader with BTC stuck at $67K

A report from Axios, meanwhile, suggests that the US, Iran and a group of regional mediators are discussing the terms of a 45-day ceasefire that could lead to an end of the war, adding further mixed signals.

Oil prices surge, adding inflation pressure

The ongoing war in the Middle East and the closure of the Strait of Hormuz have pushed crude oil prices back up to about $112 per barrel on Monday morning. 

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The Kobeissi Letter predicted that if current levels are sustained for another seven weeks, US Consumer Price Index-related inflation will rise to around 3.7%.

Meanwhile, Americans have spent an additional $240 million per day on fuel costs since the Iran war began Feb. 28, it added. 

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