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XRPL Labs Pushes XRP to Mainstream Bringing XRP Payment Plugin to WooCommerce

Xrpl labs pushes xrp to mainstream bringing xrp payment plugin to woocommerce

XRPL Labs Pushes XRP to Mainstream Bringing XRP Payment Plugin to WooCommerce

Xrpl labs pushes xrp to mainstream bringing xrp payment plugin to woocommerce

Photo: WooCommerce / Instagram

Ripple is definitely one of the most actively expanding and widely discussed crypto-related companies these days. As it offers innovative cost-efficient cross-border payment solutions based on the use of crypto, it makes a great contribution to the adoption of digital currencies.

But it’s not the only way how the company wants to boost mass adoption. To achieve this goal it has also decided to allocate its funds to support startups working in this sphere. For example, XRPL Labs, which is aimed at bringing the XRP token to the mainstream by means of e-commerce, is backed by Ripple.

XRPL Labs Bounty for Developers

The startup is led by Wietse Wind, who is a recognized contributor among the XRP community, and it has already received funds from Ripple for the next two to three years. Now it has announced a new bounty program for developers.

The task for them is to build up a plugin to ensure the connection between the WooCommerce platform and XRP. Absolutely anybody can take part in the bounty and in case of success, a person may receive at least 3,000 XRP, which amounts to about $950. This sum has been gathered by the community as initially, Wietse Wind stated that the reward would be 1000 XRP and invited enthusiasts to add funds to the bounty.

The choice of WooCommerce for pushing the adoption of XRP is based on the fact that it is one of the most popular payment platforms on the internet. The platform is used by more than 3.3 million sites from different countries of the world. One of the factors that make a contribution to the growth of its popularity is a possibility to integrate it with WordPress.

XRPL Labs’ activities also include working on the development of a decentralized exchange with a view to avoid centralization. Moreover, the startup is planning to introduce its mobile wallet and a cold crypto storage operating system.

As for Wietse Wind, his name is known very well among the crypto community. His XRP Tip Bots has become very popular on Twitter. Ripple’s investment wing Xpring has allocated an undisclosed amount of XRP for the development of Wind’s projects. Having significant financial support from Ripple, he is working on his projects together with two other specialists.

Financial Support from Ripple

It’s also worth mentioning that Ripple supports not only those projects that are aimed at promoting crypto, but it also supports social initiatives. For example, according to the recently disclosed information, $1 million was donated to Tipping Point by Ripple. The main goal of this donation is to help overcome poverty in the Bay Area.

Moreover, Ripple is also interested in providing support to projects and programs that are working on ensuring financial inclusion in all the countries of the world.

*To learn more about XRP coin, Ripple company, and their innovative solutions, please check out our awesome guide.

Published at Mon, 11 Mar 2019 11:04:45 +0000

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Regulators Greenlight Bitcoin Futures

Regulators Greenlight Bitcoin Futures

bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors.

CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its bitcoin futures contract. CME first announced its intentions to launch a bitcoin futures product on October 31, 2017.

The new contract will be available for trading on the CME Globex electronic trading platform effective on Sunday, December 17, 2017, for a trade date of December 18.

At the same time, the Commodity Futures Trading Commission (CFTC) also announced that Cboe Futures Exchange (CFE) has self-certified new contracts for bitcoin futures products, and that the Cantor Exchange (Cantor) has self-certified a new contract for bitcoin binary options.

bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past,” said CFTC Chairman J. Christopher Giancarlo in a press release. “As a result, we have had extensive discussions with the exchanges regarding the proposed contracts, and CME, CFE and Cantor have agreed to significant enhancements to protect customers and maintain orderly markets.”

The exchanges assured the CFTC that the new products complied with the rules under a process of self-certification. While CFTC approval isn’t required, the regulatory body could have halted the CME’s plans if it wasn’t satisfied with the self-certification.

The press release stated: “Commission staff held rigorous discussions with CME over the course of six weeks, CFE over the course of four months, and had numerous calls with Cantor. CME, CFE and Cantor agreed to significant enhancements to contract design and settlement, and CME to margining, at the request of Commission staff.”

Cboe said they are “operational ready.” Both Cboe and the Cantor Exchange plan to announce a start date soon.

These new derivatives open the doors for institutional investors, as well as introducing the possibility of more cryptocurrencies becoming available in the future. After a record high on Wednesday for bitcoin price of $11,377, there was a 20 percent drop from profit takers down to $9,021; it has since fluctuated several times and is now selling at around $10,500.

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