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Central Bank of Ireland Set to Implement XRP in Cross-Border Payment System

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The Central Bank of Ireland (CBI) has officially recognized Ripple, the company behind XRP, as a key player in its future cross-border payment system by registering Ripple Markets Ireland Limited as a Virtual Asset Service Provider (VASP). This move integrates the XRP Ledger System, including the CryptoTradingFund (CTF) and its CTF token, into Ireland’s financial framework, offering users cash-back rewards in CTF tokens for cross-border payments.Ripple’s registration as a VASP in Ireland marks a major step in its European expansion. With plans to extend its services across Europe under the forthcoming Markets in Crypto Assets Regulation (MiCA), Ripple is solidifying its presence amid challenges in the U.S. The company is also expanding globally, securing key licenses in Singapore, Dubai, and potentially the UK. This strategic growth positions Ripple and its innovative financial solutions at the forefront of global finance transformation.

Dubai, United Arab Emirates, United Arab Emirates, 21st Aug 2024 – In a groundbreaking move that highlights the growing integration of cryptocurrencies into global finance, the Central Bank of Ireland (CBI) has recognized Ripple, the company behind XRP, as a key player in its future cross-border payment system. Ripple Markets Ireland Limited, Ripple’s Irish subsidiary, is now officially listed as a registered Virtual Asset Service Provider (VASP) by the CBI. This recognition paves the way for the use of XRP and the innovative XRP Ledger System, which includes the CryptoTradingFund (CTF) and its CTF token. This system not only facilitates seamless cross-border payments but also rewards users with cash back in the form of CTF tokens.

Central Bank of Ireland Set to Implement XRP in Cross-Border Payment System

XRP Ledger and the Cash Back Revolution

The Central Bank of Ireland’s decision to utilize the XRP Ledger in its payment system is set to revolutionize international transactions. By integrating the XRP Ledger and its cashback feature, customers can make payments using XRP and earn CTF tokens as rewards. These tokens can be redeemed for products or converted to cash, offering significant value to users. The limited supply of CTF tokens, coupled with their anticipated demand, could drive their value from $0.72 to an extraordinary $537.95, positioning them as a sought-after asset.

 

Expanding Ripple’s Reach in Europe

Ripple’s registration as a VASP in Ireland marks a significant step in its European expansion strategy. Following this registration, Ripple plans to extend its services across the European Economic Area (EEA) once the Markets in Crypto Assets Regulation (MiCA) takes effect at the end of 2024. The MiCA legislation is set to bring comprehensive regulation to virtual asset providers in the European Union, providing a clear framework for companies like Ripple to operate and grow.

 

Ripple’s Strategic Global Expansion

Ripple’s focus on global expansion has intensified, particularly in response to the challenges it faces in the United States. The SEC’s lawsuit filed in December 2020, which alleged securities law violations, prompted Ripple to diversify its operations internationally. Alongside its efforts in Ireland, Ripple has applied for registration as a crypto asset firm with the UK’s Financial Conduct Authority (FCA), further solidifying its presence in Europe.

 

Ripple has also made significant strides in other regions. In June 2023, Ripple secured the Major Payments Institution License from the Monetary Authority of Singapore (MAS), enhancing its influence in Asia. Additionally, the Dubai Financial Services Authority (DFSA) recently approved the use of XRP tokens within the Dubai International Financial Centre (DIFC), marking a key milestone in Ripple’s global strategy.

 

Conclusion

The Central Bank of Ireland’s adoption of XRP for its cross-border payment system, alongside the integration of the CryptoTradingFund and CTF tokens, signals a new era in global finance. As Ripple continues to expand its reach and influence, both within Europe and worldwide, the potential for innovative, efficient, and rewarding financial transactions is set to transform the landscape of international payments.

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The post Central Bank of Ireland Set to Implement XRP in Cross-Border Payment System appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Your Funds, Your Security – Trade with Confidence on BitDelta

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Bucharest, Romania, 24th February 2025, ZEX PR WIRE, Exchange hacks are on the rise, putting millions of dollars at risk every day. The question isn’t if another attack will happen—it’s when. With security breaches exposing vulnerabilities in even the biggest platforms, traders need a safer alternative.

At BitDelta, security isn’t just a promise—it’s built into our DNA. Ranked among the top 10 most secure exchanges on CER.live, externally audited by Hacken, and fortified with Fireblocks’ industry-leading security, BitDelta ensures your assets are always protected.

Plus, trade now and win up to $1,000 daily*—no hidden conditions!

*The terms and conditions are listed below.

How BitDelta’s Robust Security Protects Your Assets 

🔹 Distributed MPC Wallets: Unlike traditional multi-signature wallets, BitDelta’s Fireblocks-powered MPC (Multi-Party Computation) wallets reduce single points of failure.

🔹 Secure Hardware Key Management: Private keys are stored in secure enclaves, preventing unauthorised access and drastically reducing breach risks.

🔹 Institution-Grade Policy & Governance Engine: Automated approval flow and strict access controls prevent fraudulent transactions and unauthorised withdrawals.

🔹 DeFi Threat Detection & Transaction Clarity: Real-time monitoring detects suspicious activities to ensure transactions remain safe and transparent.

🔹 Fireblocks Network Security: Eliminates deposit address risks, minimising exposure to external threats.

🔹 Zero Counterparty Risk – Fireblocks’ Off Exchange Solution ensures asset control, segregated storage, and 1:1 mirroring for ultimate protection.

BitDelta’s $1 Million Bug Bounty Program – Security Never Sleeps

At BitDelta, security isn’t just a priority—it’s a necessity. We take security so seriously that we’re offering up to $1 million to security researchers and ethical hackers to proactively identify and report potential vulnerabilities. This helps us stay ahead of threats.

🔸 Up to $1 Million in rewards** for critical discoveries
🔸 Continuous monitoring and rapid patching of vulnerabilities
🔸 Global collaboration with top security experts

Join One of the Top Secure Exchanges – Win Up to $1,000 Daily!

To celebrate our unwavering commitment to security, BitDelta is launching the SecureCEX campaign, giving users a chance to win up to $1,000 daily until March 1, 2025.

👉 How to participate:

1⃣ Sign up with code: SecureCEX

2⃣ Deposit a minimum of USD $100

3⃣ Complete 3-4 trades within 24 hours

🎉 One lucky trader wins up to $1,000 every day!

👉 Learn more: https://bitdelta.com/en/register?referralcode=securecex&utm_source=campaign&utm_medium=socialmedia&utm_campaign=pr (Compliance with the Terms and Conditions of BitDelta is required.)

Security is Not an Option – It’s the Foundation of Trust

Every hack is a reminder of why security should never be an afterthought. At BitDelta, we stay ahead of threats and cybersecurity innovation, so you never have to worry about your funds. Trade with confidence, security, and total peace of mind—because when it comes to protecting your assets, there are no second chances.

Trade with confidence, trade with BitDelta!

**Please visit the complete Terms and Conditions for the Bug Bounty Program on https://bitdelta.com/en.

About BitDelta

BitDelta is a versatile trading platform for retail and institutional traders that offers a comprehensive trading experience by enabling users to trade digital assets. With a focus on security, BitDelta offers robust encryption and institutional-grade protection to safeguard user transactions and data. The platform is designed to provide a seamless trading experience, support cross-asset trading, and offer features like buying cryptocurrency with a card, algo trading, token launchpad services, SafePass, and more. BitDelta is dedicated to improving user engagement and investment capabilities across multiple financial markets.

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Forxl Markets: Driving Innovation to Open a New Chapter in Global Financial Trading

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In the increasingly complex and competitive global financial market, Forxl Markets has rapidly emerged as a leader in the financial services industry, driven by its advanced technological advantages and precise market insights.

 

As the demand for high-quality financial services continues to grow, Forxl Markets remains keenly aware of future market trends, dedicated to creating a more intelligent and personalized investment environment for traders. Through continuous technological optimization and service upgrades, Forxl Markets has not only made significant strides in its trading platform but has also secured a prominent position in the global financial services sector.

 

Innovative Platform: Providing Comprehensive Services to Global Traders

 

The technological innovation of Forxl Markets is the core driver of its success. Through ongoing research and development, the company has created a powerful and responsive trading platform that enables global users to trade various financial assets at any time. Whether it’s forex, commodities, stocks, or cryptocurrency and futures markets, Forxl Markets’s platform offers an exceptional trading experience, ensuring users can execute every trade quickly and accurately.

 

In terms of platform design, Forxl Markets uses the most advanced algorithms and real-time data streams to ensure the efficiency and low latency of trades, allowing users to stay ahead in a fast-moving market. Additionally, the platform provides a wide range of tools and features, including smart analysis, real-time price tracking, and decision support systems, helping traders make more precise investment decisions.

 

Diversified Financial Products: Meeting Diverse Investment Needs

 

One of the highlights of Forxl Markets is its diversified product line. The company offers clients a wide range of asset classes, including forex, commodities, stocks, bonds, cryptocurrencies, and more. Whether for professional investors or beginners, users can find financial products on the platform that meet their needs and help them achieve effective asset allocation and value growth.

 

Through detailed asset allocation services, Forxl Markets’s clients can flexibly choose the most suitable financial products based on their risk preferences, investment horizons, and return expectations to optimize their portfolios. To assist clients with asset management, Forxl Markets also regularly publishes market analysis reports and investment recommendations, providing timely market insights and investment guidance.

 

Security Assurance: World-Leading Fund Security System

 

As a leader in the financial industry, Forxl Markets understands the importance of fund security for traders. The company strictly adheres to international financial regulatory requirements and uses world-class security technologies to ensure a safe trading environment. The platform’s fund storage follows a strict deposit strategy, isolating client funds from company funds, and collaborating with top global banks to provide multiple layers of security for customer funds.

 

Furthermore, Forxl Markets strengthens its monitoring of the trading process to ensure that client funds are safeguarded against external threats. To combat potential cybersecurity risks, the platform employs the latest encryption technology, two-factor authentication, and firewall protection, ensuring that each client’s account information remains secure.

 

Transparency and Compliance: Building a Trust Foundation for Clients

 

Forxl Markets is committed to transparent operations, ensuring that clients are always aware of the platform’s operational status. The company regularly discloses fund usage and financial reports, ensuring all traders can clearly understand the platform’s financial flows and operational transparency. Additionally, Forxl Markets is authorized by regulatory agencies in multiple countries and regions, strictly adhering to the laws and regulations of the jurisdictions in which it operates, ensuring that every action on the platform complies with global financial compliance standards.

 

To further enhance customer trust, Forxl Markets has established strict internal auditing and monitoring mechanisms to ensure the fairness and transparency of platform operations. The company believes that through stringent compliance management and continuous transparency efforts, it can earn long-term trust and support from its customers.

 

Future Development: Continuous Innovation and Global Expansion

 

As the global financial market continues to evolve, Forxl Markets is actively preparing for the future, planning to further consolidate its leadership position through continuous technological innovation and global market expansion. The company will focus its efforts in the following areas to drive ongoing growth:

 

Smart Trading and AI Application: The company will increase its investment in artificial intelligence and big data to launch more intelligent trading tools and services, offering clients more personalized investment advice and risk management solutions.

 

Green Finance and Sustainable Development: Forxl Markets plans to actively participate in global green finance and sustainable development projects, promoting environmentally friendly financial products and supporting the global economic transition to a greener future.

 

Global Education Program: The company will expand its educational services, offering a broader range of financial training courses to help traders improve their investment skills and financial literacy. Whether new to trading or an experienced investor, users will have access to the latest market analysis techniques and investment strategies.

 

Global Strategic Partnerships: Forxl Markets will continue to strengthen its strategic cooperation with global financial institutions, advancing the construction of a global financial network and enhancing the platform’s ability to serve clients worldwide.

 

With its powerful technological support, diverse product offerings, and excellent security management, Forxl Markets has become a key player in the global financial market. Looking ahead, Forxl Markets will continue to uphold the principles of innovation and customer-centricity, constantly optimizing its technology and services to drive the full upgrade of global financial trading platforms. The company aims not only to provide users worldwide with a superior trading experience but also to contribute to the healthy development of the global financial market.

 

Through continuous innovation and global expansion, Forxl Markets will continue to play a significant role in the new era of financial services, creating greater value for clients and helping global traders seize opportunities and achieve wealth growth in an ever-changing market.

 

Contact:Seraphina Grace

Company:Forxl Markets

Email: Grace@forxlmarkets.com

Website: https://forxlmarkets.com

 

 

 

 

 

 

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Bitomato Reaches 1 Million Monthly Visitors, Marking a Significant Growth Milestone

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London, United Kingdom—Bitomato, a centralized cryptocurrency exchange, has officially surpassed 1,000,000 monthly visitors. This milestone reflects the platform’s expanding user base and growing presence in the digital asset market, and it underscores its increasing adoption among crypto traders and projects.

Over recent months, Bitomato has experienced steady growth, driven by an expanding range of token listingsuser-friendly trading tools, and a strong global community. The exchange has gained traction among users exploring emerging digital assets, particularly within the meme token sector.

“Reaching one million monthly visitors is an important milestone for our platform,” said a Bitomato representative. “It highlights the increasing engagement from the crypto community and reinforces our focus on delivering a secure and accessible trading experience.”

Key Drivers of Growth

Several factors have contributed to Bitomato’s rising user activity:

  • Expanding Token Offerings – The exchange consistently lists new and trending digital assets, catering to traders looking for early-stage market opportunities.
  • Enhanced User Experience – Intuitive trading tools, referral programs, and interactive platform features contribute to an engaging trading environment.
  • Security and Transparency – Bitomato prioritizes user protection through advanced security measures and operational transparency.
  • Active Community Engagement – The platform supports international user communities, fostering direct interaction and market insights.

Future Developments

Building on this momentum, Bitomato is preparing to roll out new trading features, enhanced security measures, and strategic partnerships to support the next phase of its growth.

“This achievement reflects our platform’s progress, but we see it as just the beginning. We are committed to continuous improvement and innovation to serve our growing global user base,” added the Bitomato representative.

About Bitomato

Bitomato is a centralized cryptocurrency exchange specializing in meme tokens and emerging digital assets. Headquartered in London, United Kingdom, the platform is designed to provide a seamless and secure trading experience for both new and experienced traders.

For more information, visit https://bitomato.com

 

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Release Id: 24022523550

The post Bitomato Reaches 1 Million Monthly Visitors, Marking a Significant Growth Milestone appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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