Crypto News Roundup: Ripple, COTI, and Thailand’s Digital Wallet
This week, we’ve seen some interesting developments in the crypto world. Let’s dive into some key highlights:
Ripple’s Global Expansion
Ripple has continued its expansion, reaching over 80 markets worldwide. The company’s aim is to make cross-border payments faster and more affordable using its innovative liquidity network. This is a significant move for Ripple and could potentially lead to increased adoption of its XRP token.
COTI’s CBDC Challenge
COTI, along with 14 other fintech firms, is participating in the Bank of Israel’s Digital Shekel Challenge. This challenge aims to explore the feasibility of a central bank digital currency (CBDC). If successful, COTI could play a crucial role in shaping the future of digital currencies.
Thailand’s Digital Wallet Initiative
Thailand is launching a new digital wallet initiative, aiming to distribute 10,000 baht (around $280) to up to 45 million Thais. This initiative could increase the adoption of digital payments in the country and potentially boost the use of cryptocurrencies.
Swiss Banks Embrace Crypto Payments
Swiss banks are stepping up their crypto game, launching real-time crypto payment solutions in response to the recent failures of US crypto-friendly banks. This indicates a growing confidence in cryptocurrencies from traditional financial institutions.
This week’s news underscores the continued evolution of the crypto landscape. From Ripple’s global expansion to Thailand’s digital wallet initiative, the crypto industry is demonstrating its growing impact on the financial world.
