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Stance on Cryptoassets around the world - an overview
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American Express Banco Rendimento Bank of America (testing Ripple solutions for payment systems) Santander (uses Ripple's xCurrent in its One Pay FX app for faster transactions) SBI Holdings (Japan) and SBI Remit (uses XRP as an intermediary for payments through its MoneyTap service) Standard Chartered (involved with Ripple since 2015) Canadian Imperial Bank of Commerce (CIBC) Kotak Mahindra Bank (India) IndusInd Bank (India) RAKBANK (UAE) SEB (Sweden) Siam Commercial Bank (SCB) (Thailand) Krungsri (Bank of Ayudhya) (Thailand) BNY Mellon (selected to hold reserves for Ripple's RLUSD stablecoin) Itaú Unibanco (deploys RippleNet) Bitso (significant ODL partner in Latin America) Cuallix (early adopter of ODL) MoneyTap (Japan) BeeTech (Brazil) InstaReM (Singapore) ZipRemit (Canada) LianLian Pay (China) IFX Payments (UK) TransferGo (UK) Currencies Direct (UK) Airwallex (Australia) MoonPay Tranglo Bank of Thailand (BOT) Saudi Central Bank (SAMA) Royal Monetary Authority of Bhutan (RMA) AMC Theatres APMEX (precious metals) Auragentum GmbH (precious metals) Jomashop (luxury watches, handbags) Ledger (hardware crypto wallets) Marc Gebauer Lifestyle GmbH (luxury watches) Namecheap (domain registration, hosting) Newegg (computer hardware, gadgets) O'Gara Coach (luxury automobiles) PacSun (clothing) Play-Asia.com (entertainment products) Scan Computers (electronics) Sharps Pixley (bullion broker) Stacks Bowers (rare coins and currency) Hublot (luxury watches) Prepaid Gamer Online Hawk Host Inc. Ace Jewelers CryptoTurismo Gamesplanet HOSTKEY B.V. HJT Crypto: A platform that allows users to use XRP to remotely launch Bitcoin, seeing a surge in users. Dubai Land Department + Ctrl Alt: Partnered with Ripple to tokenize real estate on the XRP Ledger. Hidden Road (pending acquisition by Ripple): A global prime brokerage firm expected to bring post-trade clearing, FX services, and liquidity directly onto the XRP Ledger. World Bank: Evaluates Ripple's potential in development finance. BlackRock: Reportedly exploring XRP-focused Exchange Traded Funds (ETFs), which could significantly increase institutional interest. Various Firms applying for XRP ETFs: Indicating growing institutional interest and demand for regulated exposure to XRP. Individual Users: The XRP network sees significant daily address creation, indicating a growing retail user base. Ripple's stablecoin, RLUSD, is also gaining traction among retail users despite its initial enterprise focus.
You forgot their kids, GLMR, KILT and SAMA
$SAMA shit coin. It's on MEXC. They have their own chain, and they're been in a down trend for ahwile. Just launched on ETH today and it's looking good now. Like $5M market cap or something. Threw a couple dollars at it. It's one of my moon shot coins.
tldr; Hong Kong and Saudi Arabia have signed a memorandum of understanding (MoU) to collaborate on tokenization and payments infrastructure. The Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank (SAMA) held a bilateral meeting to discuss financial services integration and signed the MoU to promote joint discussions on financial innovation. The collaboration aims to strengthen the relationship between the two countries and explore opportunities in areas such as tokenization, payment infrastructure, and supervision technologies. The announcement does not specify if the collaboration includes cryptocurrencies like Bitcoin. Hong Kong has been involved in tokenization initiatives, including the issuance of a $28 million tokenized security on the Ethereum blockchain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*