Ripple CTO Explains How XRP’s Game Changed with Banks

In a striking video clip recently shared by XRP Governor on X, Ripple’s Chief Technology Officer, David Schwartz , shed light on a major strategic shift within the company. According to Schwartz, Ripple’s focus has moved away from traditional banking institutions. The reason? Banks are simply too slow, too conservative, and ultimately not the future of XRP’s success. Moving Beyond the Banks Reflecting on Ripple’s early strategy, Schwartz explained that banks once seemed like ideal partners because of the prestige and media attention they brought. “Banks, it’s very sexy when you close a deal with a bank,” he said. But despite the publicity, those partnerships rarely led to meaningful utility. “They are never going to be Ripple success stories,” he added, describing banks as overly cautious and unwilling to take the kind of risks that blockchain technology demands. According to Schwartz, banks hesitate to pass on the benefits of Ripple’s innovations to their customers, fearing it may highlight their inefficiencies. This reluctance has led Ripple to rethink its priorities. Deals that once served as headline-grabbing milestones now feel hollow if they don’t result in real usage. “If all they want is a press release… now we’re like, hey, we want to move billions of dollars now,” he emphasized. BREAKING: Ripple CTO shakes the industry — “ #XRP no longer needs banks.” The game has changed. Decentralized liquidity is here. Is this the dawn of a new financial order? pic.twitter.com/qWKI8qLIeC — XRP Governor (@xrpgovernor) July 15, 2025 From Press Releases to Real Volume This shift in mindset marks a significant evolution for Ripple. The company is no longer interested in symbolic partnerships. Instead, it’s focused on generating real transaction volume and enabling faster, cheaper, and more reliable cross-border payments. While banks were once seen as the gateway to institutional adoption, their reluctance to embrace innovation has left the door wide open for more agile players. Fintechs, money service businesses, and crypto-native platforms are stepping in to fill the gap, driving real-world adoption of XRP through Ripple’s On-Demand Liquidity (ODL) service and other decentralized tools. The Rise of Decentralized Liquidity Schwartz’s comments carry an even deeper implication: XRP no longer needs banks to thrive. With the rise of decentralized finance and tokenized real-world assets, XRP is finding new momentum outside of the traditional financial system. Ripple has already processed billions in transactions without relying on legacy banking rails. Instead, decentralized liquidity pools, crypto exchanges, and stablecoins are enabling a new era of financial freedom. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s ongoing development of EVM-compatible chains and support for stablecoin settlements signals a bold embrace of this decentralized future. It’s a future where utility, not reputation, drives adoption, and where XRP operates as the backbone of a more open, efficient financial network. A Turning Point for Ripple and XRP The message from Ripple’s CTO is clear: the game has changed. Banks may still have a role, but they’re no longer at the center of Ripple’s strategy. XRP is moving forward with or without them, powered by decentralized infrastructure and real-world use cases. As shared by XRP Governor, Schwartz’s remarks signal a pivotal turning point, not just for Ripple, but for the global financial system. The age of decentralized liquidity has arrived, and XRP is ready to lead the charge. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CTO Explains How XRP’s Game Changed with Banks appeared first on Times Tabloid .

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Ripple’s XRP in the Spotlight — What’s Going On?

TL;DR The XRP Army, which is a part of the cryptocurrency community known for its affiliation and enthusiasm for Ripple’s ecosystem and native token, has gone viral once again on social media platforms. Santiment lists the reasons behind this online presence increase and one of them, expectedly, is related to the price pump that drove the asset to just over $3: “XRP has experienced significant price surges nearing all-time highs, with analysts forecasting potential rallies amid favorable market conditions and regulatory developments. Investors are closely watching XRP’s market behavior and its relationship with Bitcoin, reflecting both optimism and skepticism about its place in crypto portfolios,” – reads the post . Recall that Ripple’s cross-border token was confined in a tight range between $2.2 and $2.3 for weeks before the breakout that began last week. At the time, the token soared past the upper boundary and kept climbing to the first major resistance at $2.6. It fell without much of a fight, and XRP continued its ascent in the following days. The culmination, for now at least, took place yesterday when the token surged to a four-month peak of just over $3. Thus, XRP came around 12-3% away from its all-time high registered in January 2018 and matched in January 2025. This led to enhanced predictions from analysts that XRP is “screaming new all-time highs,” as reported. Nevertheless, the asset retraced slightly in the following hours, alongside the rest of the market, and now sits below that coveted resistance. According to Santiment, though, there are other, more profound reasons behind the growing online discussions about Ripple and its native cryptocurrency: “XRP is trending due to extensive discussions about its role and future in the cryptocurrency market, including Ripple’s launch of RLUSD on the XRPL, debates on its value and long-term potential, and comparisons with other major cryptocurrencies.” The company behind it has notched several big partnerships and acquisitions in the past few years, including the purchase of Hidden Road for over $1.2 billion announced in April 2025. RLUSD has gained traction in terms of market cap as the stablecoin, which is built for enterprise utility instead of retail engagement, recently exceeded $500 million. The post Ripple’s XRP in the Spotlight — What’s Going On? appeared first on CryptoPotato .

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OpenEden and Ceffu Launch First Yield-Bearing Collateral on MirrorRSV

Institutional clients can use cUSDO, OpenEden Digital’s yield-bearing digital asset, as collateral on MirrorRSV while retaining trading access on Binance exchange. 15 July 2025, Bermuda— OpenEden , a leading platform for the tokenization of real-world assets (RWAs), today announced its integration with Ceffu’s MirrorRSV. This first-ever collaboration introduces cUSDO as the first yield-bearing digital asset accepted as off-exchange collateral for trading on Binance, enhancing capital efficiency and minimizing counterparty risks for institutional clients. Through this integration, institutions can custodize cUSDO securely in Ceffu’s segregated cold storage within the MirrorRSV platform, with a representative asset (cUSDOX) issued 1:1 by Binance to the clients’ Portfolio Margin accounts for margin trading. The institutional clients’ cUSDO earns daily yield that is generated from its reserve assets, composed of tokenized US Treasury Funds. “OpenEden’s partnership with Ceffu delivers a much sought-after innovation to institutional trading,” said Jeremy Ng, Founder of OpenEden. “With cUSDO as the first yield-bearing collateral on MirrorRSV, institutions can earn yield on collateral assets held in off-exchange custody while retaining full margin trading access on the exchange. This structure mirrors traditional financial markets and is designed to accelerate institutional participation in digital asset investments.” “The integration of yield-bearing collateral represents a fundamental shift in how institutions can optimize their digital asset strategies,” said Ian Loh, CEO of Ceffu. “Together with OpenEden, we have built a solution that bridges the gap between traditional finance and the digital asset ecosystem. It’s exactly the kind of innovation that will accelerate institutional adoption of digital assets.” This integration demonstrates how compliant, yield-bearing digital assets can enhance capital efficiency for institutions without sacrificing custody safeguards or exchange-level liquidity. By bringing cUSDO to MirrorRSV, OpenEden reinforces its mission to bridge traditional finance and DeFi with compliant, secure, and high-utility tokenized assets. USDO is issued by OpenEden Digital, a Bermuda-licensed and regulated entity. USDO is fully backed by tokenized US Treasuries, including OpenEden’s Moody’s investment-grade rated TBILL Fund. cUSDO, the wrapped version of USDO, is compliant with the ERC-4626 standard and accrues yield through token price appreciation, making it highly composable and ideal for integration across DeFi and institutional platforms alike. — About OpenEden OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities in the BVI and Bermuda, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is redefining financial access through tokenization with a core focus on compliance and innovation. To learn more, visit www.openeden.com . About Ceffu Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions for safely storing and managing digital assets. — NOTE: The content is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the US and the District of Columbia), nor in such jurisdictions where such announcement would require registration and/or approval with any relevant governmental or regulatory authorities (“restricted jurisdictions”). The content is not an offer of financial products or digital assets for sale in the US or such other restricted jurisdictions. The digital assets referred to herein have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended and may not be offered or sold in the US or such other restricted jurisdictions, except pursuant to an applicable exemption from registration. No public offering of the digital assets is being made in the US or restricted jurisdictions. For full details on USDO and applicable T&Cs, please refer to https://docs.openeden.com/usdo/legal

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TRUMP TO DELIVER KEYNOTE ADDRESS AT WINNING THE AI RACE SUMMIT HOSTED BY ALL-IN PODCAST JULY 23

TRUMP TO DELIVER KEYNOTE ADDRESS AT WINNING THE AI RACE SUMMIT HOSTED BY ALL-IN PODCAST JULY 23

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Bitcoin Whale Recovers $205K After Closing 319.68 BTC Position Despite Earlier $9.57M Loss

On July 15, prominent on-chain analyst Ai Yi (@ai_9684xtpa) reported that a significant market participant, referred to as an insider whale, mitigated losses incurred from short positions between July 11

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MicroStrategy’s Bitcoin blueprint goes mainstream: Wall Street now holds 6% BTC

From MSTR’s first bet to global rotation, is Bitcoin’s institutional era just warming up?

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Decentralization Myth? Solana Founder’s Comment Ignites Controversy

When Solana Labs co-founder Anatoly Yakovenko posted on X on 14 June that “all users need is 1 full node to defend against 100 percent of malicious stake,” the remark detonated a familiar flashpoint in the ongoing Solana-versus-Ethereum culture war. In Yakovenko’s telling , any node—even one with zero SOL staked—could “carry the torch” and veto a rogue software upgrade, because Solana’s fork-choice rules allow any honest client to refuse blocks it considers invalid. Critics immediately seized on the claim as proof that the network’s vaunted speed rests on a fragile foundation of social coordination rather than hard-coded decentralization. Solana Decentralized? Developer “0xZodomo” fired the first volley, warning that “a single Discord channel is capable of making sweeping changes to Solana consensus,” and accusing “wolves” of selling centralization as a feature. Lawyer Gabriel Shapiro (@lex_node) sharpened the satire, dubbing an imaginary one-node chain “gorbagana” and joking that the dumpster fire could be kept alive by a lone hold-out. Ethereum supporter “Etheraider” piled on, noting that Solana has averaged “an outage once every six months for the last four years,” an allusion to the seven documented halts the network has suffered since 2020. Yakovenko, better known as “toly,” doubled down. If users “get a bunch of user nodes to follow your leader and only accept finality locally after double-spend synchronicity assumptions,” he quipped, “you are golden.” Fee stability, not perfect uptime, was his priority: “No fee spikes,” he wrote, arguing that retail users care more about predictable costs than about the 99th-percentile block-time metric that enterprise critics invoke. He later contrasted Solana’s throughput with the DTCC’s razor-thin revenue margins, adding, “What I care about is assets that move.” Performance evangelists inside the ecosystem echoed that stance. Helius CEO Mert Mumtaz reminded followers that Solana “handles more scale than all other blockchains combined, has the highest-revenue apps, and is about to get 100× faster while doubling block-space”—a reference to the forthcoming Firedancer client and pipelined fee markets. Yet the decentralization question remains stubborn. Validators.app currently lists roughly 1,400 consensus validators and 5,170 total nodes spread across 46 countries, a figure far below Yakovenko’s 6,000 but well above the 1,295 “high-quality” validators the Solana Foundation counted in its June network-health report. By contrast, Etherscan’s node tracker detects 11,841 reachable Ethereum full nodes, while the Beacon chain boasts about 1.04 million validator entities securing proof-of-stake consensus. Outages also color perceptions. Solana has not suffered a hard halt since February 2024, when a duplicate-bug froze block production for five hours, but previous incidents—in September 2021, April 2022 and February 2024—fuel the charge that one Discord mis-configuration can pause the chain. The Helius outage ledger notes that five of the seven stoppages were triggered by client bugs and two by transaction-spam storms, each time requiring an off-chain validator co-ordination to restart. That social layer is precisely what Yakovenko says keeps users safe: if consensus clients misbehave, any node may refuse the fork. Ethereum veterans counter that relying on ad-hoc coordination violates the very premise of permissionless decentralization. The debate is unlikely to cool as Solana’s footprint grows; the chain already processes 65,000 transactions per second in production loads and has been chosen by Visa for USDC treasury settlements, citing sub-cent fees and sub-second finality. At press time, SOL traded at $160.56.

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Euro Yen’s Dramatic Surge: Unpacking Japan Election Concerns

BitcoinWorld Euro Yen’s Dramatic Surge: Unpacking Japan Election Concerns The world of currency trading is a complex interplay of economic indicators, central bank policies, and geopolitical events. Recently, the Euro Yen Exchange Rate has captured significant attention, hitting a remarkable one-year high. This powerful surge isn’t just a fleeting market anomaly; it’s a profound reflection of deeper shifts in global finance, particularly stemming from growing concerns surrounding the upcoming Japan Election . For anyone tracking global markets, especially those with an interest in how macro-economic shifts influence asset prices, understanding this move is crucial. Let’s delve into the forces driving this dramatic ascent and what it means for the future of these major currencies. Understanding the Euro Yen Exchange Rate Phenomenon The Euro Yen (EUR/JPY) currency pair represents the exchange rate between the Euro (EUR), the currency of the Eurozone, and the Japanese Yen (JPY), the currency of Japan. As a ‘cross currency’ pair, it doesn’t involve the US Dollar directly, but its movements are still deeply intertwined with broader Global Forex Trends . The recent spike in EUR/JPY signifies a notable strengthening of the Euro against the Yen, reaching levels not seen in a year. This isn’t merely a numerical change; it reflects fundamental divergences in economic outlooks and monetary policies between the Eurozone and Japan. What Drives the Euro Yen Pair? Several key factors typically influence the EUR/JPY exchange rate: Interest Rate Differentials: This is arguably the most significant driver. When one central bank raises rates while another keeps them low, investors tend to move capital to the higher-yielding currency, creating demand for it. Economic Performance: Strong economic growth, low unemployment, and robust trade surpluses in one region can bolster its currency. Monetary Policy Divergence: Different approaches by central banks (e.g., quantitative easing vs. tightening) directly impact currency valuations. Geopolitical Events: Wars, political instability, or major international agreements can trigger significant currency movements as investors seek safe havens or react to new risks. The current EUR/JPY surge is a textbook example of how a combination of these factors can create a powerful trend. The Eurozone, despite its own challenges, has seen its central bank embark on a tightening cycle, while Japan has steadfastly maintained its ultra-loose monetary policy. Why is Japanese Yen Weakness a Key Driver? The most prominent factor behind the Euro’s rise against the Yen is the persistent and pronounced Japanese Yen Weakness . This weakness is not accidental; it is a direct consequence of the Bank of Japan’s (BOJ) long-standing commitment to ultra-loose monetary policy, often referred to as ‘Abenomics’ and its continuation under successive leadership. While global central banks, including the European Central Bank (ECB) and the U.S. Federal Reserve, have aggressively raised interest rates to combat soaring inflation, the BOJ has remained an outlier. The Bank of Japan’s Dovish Stance The BOJ has maintained its Yield Curve Control (YCC) policy, which pegs the yield on 10-year Japanese government bonds (JGBs) around zero percent, and has kept short-term interest rates in negative territory. The rationale behind this is to stimulate a sluggish economy and finally achieve a sustained 2% inflation target, which Japan has struggled with for decades. However, this dovish stance creates a significant interest rate differential with other major economies. When the Eurozone’s interest rates are rising, making Euro-denominated assets more attractive for yield-seeking investors, capital naturally flows out of Japan and into the Eurozone. This increased demand for Euros and reduced demand for Yen directly contributes to the EUR/JPY’s upward trajectory. Economic Disparities and Inflationary Pressures Furthermore, Japan’s economic landscape differs significantly from the Eurozone’s. While the Eurozone grapples with high inflation rates driven by energy costs and supply chain disruptions, Japan’s inflation, though rising, has been less persistent and often attributed to import costs rather than robust domestic demand. This disparity in inflationary pressures reinforces the BOJ’s cautious approach, contrasting sharply with the ECB’s hawkish stance. The perceived lack of urgency from the BOJ to normalize policy, despite the weakening Yen pushing up import costs, signals to the market that the interest rate gap will likely persist, further fueling Japanese Yen Weakness . The Crucial Role of Political Uncertainty Japan Beyond monetary policy, the impending Japan Election adds another layer of complexity and uncertainty to the Yen’s outlook. While the specific details of the election (e.g., whether it’s a snap election or a scheduled one) might vary, the mere prospect of political shifts can significantly impact investor confidence and currency valuations. Markets generally dislike uncertainty, and elections often bring with them the potential for changes in leadership, economic policy, and even the direction of monetary policy. Election Dynamics and Market Speculation Investors are keenly watching for any signals regarding the future direction of Japan’s economic policies. Will a new government or a reconfigured ruling coalition push for different fiscal policies? Could there be pressure on the Bank of Japan to reconsider its ultra-loose stance, or conversely, to double down on stimulus? Speculation surrounding these possibilities can lead to increased volatility in the Yen. If the market perceives that the outcome of the election could lead to even greater fiscal spending without a corresponding shift in monetary policy, it could exacerbate the Yen’s depreciation due to concerns about Japan’s already massive public debt. Potential Policy Shifts and Their Currency Implications A change in government could, for example, lead to a review of the BOJ’s mandate or leadership, even if indirect. While the BOJ maintains its independence, political pressure can subtly influence policy discussions. Any hint of a more hawkish stance post-election, or a significant change in the government’s economic growth strategy, could trigger a sharp reversal in the Yen’s fortunes. Conversely, if the election outcome reinforces the status quo of loose fiscal and monetary policies, it would likely perpetuate the Japanese Yen Weakness , continuing to support the Euro Yen’s upward trend. This political dimension is a critical component of the current market narrative surrounding the Yen. Navigating Global Forex Trends: A Broader Perspective While the Euro Yen pair’s recent movements are heavily influenced by specific factors related to Europe and Japan, it’s essential to view them within the wider context of Global Forex Trends . Currency markets are interconnected, and a shift in one major pair can have ripple effects across others. The strength of the US Dollar, for instance, often plays a pivotal role in determining the overall sentiment in the forex market. When the Dollar strengthens, it can put pressure on other currencies, including the Euro, and vice-versa. Interplay with the US Dollar and Other Majors The US Federal Reserve’s aggressive interest rate hikes have made the Dollar a very attractive currency for carry trades and safe-haven flows. This can indirectly influence EUR/JPY. For example, if the Dollar weakens, some capital might flow out of USD and seek opportunities in other strong currencies like the Euro, potentially reinforcing the Euro’s strength against the Yen. Conversely, a stronger Dollar might divert some capital from the Euro, potentially capping the EUR/JPY’s ascent. Furthermore, geopolitical events, such as the ongoing conflict in Ukraine or energy supply concerns in Europe, also contribute to the broader risk sentiment that influences all major currency pairs, including the Euro Yen. Implications for Carry Trades The substantial interest rate differential between the Eurozone and Japan has made the EUR/JPY pair particularly attractive for ‘carry trades’. In a carry trade, investors borrow in a low-interest-rate currency (like the Yen) and invest in a higher-interest-rate currency (like the Euro). The profit comes from the interest rate differential. The wider this differential, the more attractive the carry trade becomes, driving demand for the higher-yielding currency and increasing the supply of the lower-yielding one. This mechanism is a significant underlying force contributing to the current Global Forex Trends favoring the Euro against the Yen. Currency Market Dynamics: Opportunities and Challenges The current environment of pronounced Currency Market Dynamics in the Euro Yen pair presents both significant opportunities and notable challenges for traders and investors. Understanding these dynamics is crucial for making informed decisions in a volatile market. Trading Strategies for the Euro Yen Pair For traders, the clear trend in EUR/JPY offers potential for various strategies. Trend-following strategies, where traders aim to capitalize on the sustained upward movement, could be profitable. This involves identifying key support levels and riding the momentum. Breakout strategies, which look for the price to move beyond established resistance levels, could also be employed as the pair hits new highs. Furthermore, given the interest rate differential, long positions (buying Euro, selling Yen) benefit from the positive carry, meaning traders earn interest on their position overnight, which can add to overall returns. Risk Management in Volatile Markets However, no market move is without risk. While the trend for EUR/JPY has been strong, currency markets are inherently volatile and can reverse quickly on unexpected news. Political surprises from Japan, a sudden hawkish shift from the Bank of Japan, or an unexpected economic downturn in the Eurozone could all trigger sharp pullbacks. Therefore, robust risk management is paramount. This includes setting appropriate stop-loss orders to limit potential losses, managing position sizes relative to one’s capital, and continuously monitoring economic data releases and central bank communications. Traders must also be aware of potential ‘flash crashes’ or liquidity issues, especially during periods of low trading volume or major news events, which can lead to rapid and unpredictable price movements. Long-Term Outlook for the Euro Yen Looking ahead, the long-term trajectory of the Euro Yen will largely depend on the sustained divergence in monetary policies between the ECB and the BOJ, as well as the resolution of Political Uncertainty Japan . If the BOJ maintains its dovish stance while the ECB continues to tighten, the EUR/JPY could see further gains. However, any shift in the BOJ’s policy, perhaps under new leadership or in response to rising inflation pressures in Japan, could lead to a significant correction. Investors should closely watch for changes in rhetoric from both central banks and the outcomes of political events to anticipate future shifts in these complex Currency Market Dynamics . Conclusion: What Lies Ahead for the Euro Yen? The dramatic surge of the Euro Yen Exchange Rate to a one-year high is a powerful testament to the intricate forces shaping global finance. It’s a story driven by the stark divergence in monetary policies between the Eurozone and Japan, where the European Central Bank’s hawkish stance contrasts sharply with the Bank of Japan’s steadfast commitment to ultra-loose measures. This fundamental difference in interest rate trajectories has made the Yen an attractive funding currency for carry trades, fueling demand for the Euro. Furthermore, the layer of Political Uncertainty Japan , particularly surrounding the upcoming election, adds an element of speculation and caution, influencing investor sentiment and contributing to the Yen’s continued weakness. As we navigate these complex Global Forex Trends , it’s clear that the interplay of economic fundamentals, central bank actions, and geopolitical factors will continue to dictate the path of the EUR/JPY. For market participants, understanding these underlying drivers and the broader Currency Market Dynamics is not just an academic exercise but a necessity for informed decision-making. While the current trend favors the Euro, the ever-present potential for policy shifts or unexpected events means vigilance and robust risk management remain paramount. The Euro Yen saga is far from over, promising continued fascination and opportunity for those willing to delve into its depths. To learn more about the latest Forex market trends, explore our article on key developments shaping currency market dynamics and geopolitical influences. This post Euro Yen’s Dramatic Surge: Unpacking Japan Election Concerns first appeared on BitcoinWorld and is written by Editorial Team

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Bitcoin Price Watch: Bulls on Hold as Bearish Engulfing Shakes Daily Chart

Bitcoin’s price ranged between $117,365 and $118,057 in the last hour, reflecting intraday volatility amid a broader 3.8% decline over the past 24 hours. With a market capitalization of $2.33 trillion and a 24-hour trade volume of $72.33 billion, current market dynamics suggest a cautious stance as bitcoin trades within a daily range of $116,481

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Venga launches mobile crypto app in Catalan and Spanish languages

In this post: Venga’s all-in-one crypto app has announced that its mobile application is now available in Catalan and Spanish. The app combines an intuitive interface, robust security, a compliance approach, and a strong educational focus. Venga has been registered by the Bank of Spain and Poland’s Ministry of Finance as a Virtual Asset Service Provider. Venga, an all-in-one cryptocurrency platform, has announced that its mobile application is available in Catalan and Spanish. The app has incorporated an intuitive interface, robust security, a compliance-focused approach, and a strong educational focus. The app will operate natively in Catalan. Venga was registered by the Bank of Spain and Poland’s Ministry of Finance as a licensed Virtual Asset Service Provider. The platform submitted a pre-application for a MiCA license earlier this year. MiCA, which came into effect on December 31, 2024, introduced a regulatory framework for the crypto sector in the EU. Venga’s CEO, Michael Stroev, reiterated that they have had a compliance-first approach from day one. Venga empowers over 10 million Catalans with a localized Web3 app The Venga mobile app allows EU citizens to access decentralised finance (DeFi) features, crypto trading, and stacking. The application has an intuitive user experience that allows beginners to enter the Web3 and blockchain ecosystem easily. With the integration of the Catalan and Spanish languages, the app gives users tailored services such as named IBANs, crypto exchange, and earning products. “ Since I moved to Barcelona in 2020, it has been my dream to build a startup that truly feels local and has a product and service tailored to Catalan and Spanish speakers and communities. Having the languages available in our app is the beginning of our broader objective to create a hyper-localized Venga experience for Barcelona, Catalunya, and all of Spain.” Michael Stroev, CEO of Venga The crypto app incorporating Catalan and Spanish languages has been influenced by the team members, including its CTO Raul Arribas, and almost a third of its team comprises Catalans. Roughly ten million people speak Catalan, forming the first language for citizens across Catalonia. Venga identified that nearly 20% of the Catalan population uses crypto but lacks the services in their native language. The Catalan language also spans the Valencia region, Andorra, the Balearic Islands, Eastern Aragon, Roussillon (southern France), and parts of Sardinia (Italy). Raul Arribas, CTO of Venga, revealed his delight at providing a crypto app in his language, allowing them to navigate the crypto ecosystem in the same language as his childhood. He added that the offering in the Catalan language supports Spain’s leading languages, empowering users to explore their native language confidently. Catalan and Spanish integration positions Venga as a leader in inclusive DeFi Venga was created to address the challenges experienced during onboarding to the on-chain economy. It cited how banks and other payment providers treated crypto-curious customers with suspicion, raising their risk profile and screening them from accessing essential financial services. Venga highlighted its approach to crypto users as clients and not as threats, granting them the level of customer care they are entitled to. Venga’s approach to its customers as valued clients inspired confidence in customers and the knowledge that they would get all the support and information required at every step of the onboarding process. It revealed that the integration into the Catalan and Spanish languages has paved the way for collaborations with local companies and organizations seeking to advance crypto education and expand access to blockchain services. The app is available on iOS and Android.

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