Bitcoin Broker Review
Bitcoin News

Nigeria is Africa’s leader in Bitcoin transfers, transacts $8 million weekly

The fourth most valuable crypto in the crypto-verse is on limelight again. Data from Whale Alert revealed that Chris Larsen, Ripple’s co-founder and Chairman transferred 499,999,979XRP  worth (115,847,491 USD) to unknown wallet.

The Ripple’s co-founder, via his Twitter feed, commented on the move, and further revealed the unknown wallet, he transferred the huge stacks of Ripple.

READ: U.S Banks now permitted to hold Tether, Circle

“As some of you may have noticed, I moved an $XRP wallet to NYDIG. I’ve known the founders for a while, and am impressed by their security and top-notch institutional standards — this is truly custody 2.0.,” Larsen tweeted.

<!–

–>

GTBank 728 x 90

What we know: NYDIG provides digital asset services to investors around the world. NYDIG’s custody platform, built fully in-house, is designed to satisfy the highest regulatory, audit, and governance standards, and NYDIG’s team is comprised of professionals with deep experience in capital markets, technology, and digital assets.

READ: Despite COVID-19, top Nigerian Banks declare N36.7 billion dividends

<!– /21634543682/FCMB-Mobile300x250

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1570088836500-0’); });

–>

Quick fact: Ripple (XRP) plays dual roles as a payment platform and a currency. The platform is an open-source platform that is created to allow quick and cheap transactions.

Unlike its crypto rival, Bitcoin, which was never intended to be a simple payment system, Ripple has gained the attention of major global banks such as Standard Chartered and Barclays for international transactions worldwide.

Explore the Nairametrics Research Website for Economic and Financial Data

Global banks having a relationship with Ripple

Japan-based Mitsubishi UFJ Financial Group, with assets of more than USD 2.8 trillion, announced in November 2018 that, in cooperation with Ripple, it would provide an international money transfer service on the payment corridor from Japan to Brazil.

Banks using Ripple include Europe’s banking giant, HSBC Holdings Plc, with assets of about $2.5 trillion, which disclosed in 2019 that it would use the XRP payment solution.


<!– /21634543682/234989245

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1551965966658-0’); });

–>

GTBank 728 x 90
<!– /21634543682/23188292 Coronation research 250×250

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1547804578915-0’); });

–>

<!– /21634543682/23188292

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1566897562319-0’); });

–>

<!–

–>

Fidelity ads

READ: Whales are buying XRP, Ripple becomes world’s 3rd most valuable crypto

Japan Post Bank with assets of USD 1.9 trillion, Sumitomo Mitsui Financial Group, and Mizuho Financial Group with trillions of dollars in assets, also have a close relationship with Ripple Asia. Others having a relationship with Ripple include Banco Santander, Barclays PLC, Royal Bank of Canada, and Toronto-Dominion Bank.

This article was originally published on Nairametrics

Related posts

What Is DeFi? – CoinDesk

Author

Multiplier DeFi (Beta Release) Targets Tokenized Bonds | Press release Bitcoin News

Author

Max boredom: potential Bitcoin scenario with low volatility until 2021

Author

Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey | News Bitcoin News

Author

TD9 and Exchange Inflows: Reasons for Caution as Bitcoin Hits $10,440

Author

Blockchain Bites: Aave’s Advance, BitMEX’s Block, Turkey’s Bitcoin Trot – CoinDesk

Author