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Ripple whitepaper recommends cryptocurrency XRP as CBDC intermediary

The Paypers

Payment protocol Ripple has released a whitepaper document stating that the cryptocurrency XRP could act as an intermediary to connect different central bank digital currencies (CBDCs).

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Bitcoin Daily: Rhode Island’s Blockchain Act Aims For Crypto Rules Too; Rapper Akon Details Crypto Plans

PYMNTS

Rapper Akon is launching the cryptocurrency, Akoin, that he says will financially power “Akon City” in West Africa. His whitepaper indicates that Akoins will work as “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. David Place (R-47) told Cointelegraph.

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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

TRM Labs’ Global Crypto Policy Review & Outlook 2023/24 delves into the advancements in regulation as well as the regulatory challenges faced by major APAC markets, shedding light on their unique strategies and key developments in navigating the complex world of cryptocurrency. This transition is currently in progress.

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Big Fizzle: Marcus Libra Optimism A Fizzle In The Making?

PYMNTS

As reported, Facebook’s beleaguered cryptocurrency — which is being questioned by what seems a global tidal wave of regulators — managed to garner more than 20 backers. Each of those backers is slated to ante up $10 million to help launch the digital currency. It’s a whitepaper. It’s an idea.

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Marcus Remains Optimistic After Major Players Leave Libra

PYMNTS

David Marcus, the co-creator of Facebook’s Libra cryptocurrency, said progress is being made despite the exit of several big companies, CNBC reported on Wednesday (Oct. It’s a whitepaper. It wasn’t a tough week,” Marcus told CNBC. Aside from being Libra’s co-creator, he also heads the Libra wallet Calibra. It’s an idea.

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If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

Facebook’s launch of Libra on June 18 unleashed a firestorm of media coverage, mostly repetitive, and mostly a piling on over the regulatory bear that it poked when unveiling its global payments plus cryptocurrency plans. The Facebook Libra whitepaper states that Association Members must agree to operate as validators on the network.

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What We’ve Learned From Libra

PYMNTS

The launch of Libra ignited a global debate over the role of cryptocurrencies in payments and financial services. Some central bankers have expressed interest in creating digital fiat currencies – and one country, China, says it’s ready to launch its own version of Libra. Except that’s not what the Libra whitepaper says.