- Ripple's partner Airwallex announced the launch of its international payment service in New Zealand.
- Businesses in New Zealand can now settle transactions through Airwallex, a user of Ripple's enterprise blockchain network RippleNet.
- Analysts believe XRP price could recover from the slump and set a bullish target of $0.42 for the altcoin.
Airwallex, a leading financial services platform, expanded its payment services to New Zealand. The fintech firm joined RippleNet in 2017 and offers services to businesses as a substitute for conventional banks.
Airwallex takes RippleNet to New Zealand
A leading international financial platform headquartered in Melbourne, Australia, recently announced the expansion of its payment services: Airwallex now offers its global services to businesses in New Zealand. The firm joined RippleNet, Ripple's enterprise blockchain, in 2017, and since then, it has offered a fast, cost-effective and transparent alternative to traditional banks.
Hello New Zealand!
— Airwallex (@airwallex) June 28, 2022
Today, we announce our global payments services are now available in NZ. https://t.co/mFKENoZlNk pic.twitter.com/5wVjMFM7Z1
New Zealand based businesses now have access to Airwallex's service offerings, including multi-currency wallets in over 11 currencies, international collections, and local payouts in over 30 currencies. Airwallex plans to roll out its services progressively in the new market, including employee cards, spend management, and online payment acceptance capabilities.
Airwallex is a substitute for conventional banking, and Ripple's enterprise blockchain network powers the financial services firm's offerings.
Ripple developers pass the baton of XRPL codebase to XRP ledger foundation
In another development for the altcoin, Ripple developers, who have been caretakers of and contributors to the C++ reference implementation of the XRPL protocol codebase for a long time have now passed the baton to the XRP Ledger Foundation.
The foundation is an independent non-profit entity that works to support the development and usage of the XRP Ledger. The authoritative repo for the code now has a new home at the XRP Ledger Foundation.
Today marks a momentous occasion in the history of the XRP Ledger. The repo for rippled is now under the foundation. https://t.co/XlrdxWMgLL
— XRP Ledger Foundation (Official) (@XRPLF) June 29, 2022
Many thanks to everyone who made this possible!
XRP price prepares for big move
Analysts at FXStreet believe the best-case scenario for XRP price is a comeback to $0.37. Ripple is trading at $0.31 at the time of writing, and analysts have predicted a 20% rally in XRP price. A continuation of the XRP uptrend could push the Ripple price to $0.42.
FXStreet analysts have identified what Ripple needs to do to cover lost ground in the recent slump. For more information, watch this video:
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
Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.