- Ripple senior executive says that more than 350 financial institutions now use the firm’s technology for transactions.
- Tron Foundation announces the release of Tron 4.0 on July 7; expect is the smart contract privacy protocol.
Ripple, the blockchain startup in the United States continues to bridge the gap between crypto and traditional banking systems. According to a senior executive at the firm, about 350 financial institutions are now utilizing its blockchain payment solutions. In an interview with Nishith Desai Associates, Navin Gupta, the current Ripple’s managing director for South Asia, these 350 institutions have integrated “its technology” for everyday use.
Of the lot, 13 are reportedly using Ripple’s technologies to support cross-border payments. Moreover, the company said in November that over 300 clients are already utilizing its payment systems for international transfers. This number had increased from around 200 in a period of approximately 12 months.
Read more: Ripple Price Analysis: XRP/USD revives hope for triangle breakout eyeing $0.24
Last Saturday, Justin Sun, the CEO and founder of the Tron network, announced that Tron 4.0 launch is scheduled on July 7. The upgrade has been in development for almost a year. It is significant because it will introduce the “Smart Contract Privacy Protocol” which will “be released as an integral part of the upgrade.’
The privacy feature has been made possible by the use of a technology referred to as zero-knowledge proof; zk-SNARKS which supports the execution of transactions while withholding confidential information. Other features expected in the upgrade are efficient smart contracts and verifiable transactions.
The Tron Foundation, however, clarified that the privacy feature for smart contracts has been developed with regulations in mind. Therefore, it “will not make TRX anonymous in any way, nor will it have added privacy features.”
Related content: Tron Price Chart: TRX/USD on the verge of a breakout, spikes 5% on the day
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
XRP Price Prediction: Bearish technicals, on-chain indicators signal 68% potential crash
XRP faces increasing bearish sentiment from macro, micro and fundamental factors in April. Weak on-chain indicators ranging from network growth, total supply and active addresses reinforce an impending crash.
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto markets
Bitcoin price hovers around $83,000 on Thursday after it failed to close above the $85,000 resistance level the previous day. Volatility fueled by Trump’s tariffs swept $200 billion from total market capitalization, liquidating over $178 million in BTC.
SOL is the winner as Solana chain turns into battleground for meme coin launchpad and DEX
Solana (SOL) gains nearly 2% in the last 24 hours and trades at 118.28 at the time of writing on Thursday. A Decentralized Exchange (DEX) and a meme coin launchpad built on the Solana blockchain have waged a war for users and compete for the trade volume on the chain.
Shibarium, built for the Shiba Inu blockchain, reaches 1 billion in transactions in 18 months after its launch
Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, reaches 1 billion transactions 18 months after its launch. This milestone reflects growing adoption and Shibarium’s robust performance.
Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.