tl;dr
MoonPay has announced its partnership with Ripple, allowing its users to buy, manage, and store XRP directly within the MoonPay ecosystem. This move aligns with MoonPay's goal of simplifying cryptocurrency transactions and follows its integration with PayPal for easier crypto purchases. The partners...
MoonPay has announced its partnership with Ripple, allowing its users to buy, manage, and store XRP directly within the MoonPay ecosystem. This move aligns with MoonPay's goal of simplifying cryptocurrency transactions and follows its integration with PayPal for easier crypto purchases. The partnership signifies a step toward mainstreaming digital assets and demonstrates confidence in XRP's future, despite Ripple's ongoing legal battle with the SEC.
Ripple's chief legal officer outlined the timeline for the appeals process, which is expected to be lengthy and complex. Following the announcement, XRP's price has risen by 1.17%, trading at $0.5495.
MoonPay, a cryptocurrency payment gateway, has announced its integration with Ripple, expanding partnerships for both companies as they work to enhance service delivery. This move aligns with MoonPay’s vision of making cryptocurrency more accessible by offering simplified on-ramps for everyday users. The partnership represents a key milestone for MoonPay, granting its global user base seamless access to Ripple’s native token.
In May 2024, MoonPay integrated PayPal for easier crypto purchases, and the latest partnership is another step forward in simplifying cryptocurrency transactions for MoonPay’s growing user base. The ability to buy crypto through PayPal, coupled with MoonPay’s latest XRP purchase features, reinforces the platform’s growing efforts in the mainstreaming of digital assets.
Meanwhile, Ripple remains embroiled in a legal battle with the SEC. In July 2023, Ripple scored a partial victory but remains under legal pressure, as the SEC is still appealing parts of the ruling. Ripple’s long-term regulatory standing remains uncertain, with the outcome still a key issue that could shape the future of XRP’s status.
Ripple chief legal officer Stuart Alderoty reportedly outlined the timeline for the appeals process between Ripple and the SEC. This timeline suggests a protracted legal engagement, highlighting the significant stakes involved. BeInCrypto data shows that XRP’s price has risen modestly by 1.17% following the news, trading at $0.5495.
As of October 2024, the top crypto platforms include AlgosOne, BYDFi, Margex, and Сoinex.
More about General Dynamics Corporation
General Dynamics Corporation Summary
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry: MANUFACTURING, SHIP & BOAT BUILDING & REPAIRING
Market Cap: $82.49B
P/E Ratio: 23.4
EPS: 5.48
Dividend Yield: 2.83%
52-Week High: $164.48
52-Week Low: $78.9
Revenue: $44.946B
Operating Margin: 327.35
Return on Equity: 20.7%
Debt to Equity: 0.18