1. Kuwait Finance House Partners With Ripple
Ripple, San Francisco based startup has become the hub for Cross-Border Remittance Services. The company has already partnered with the most popular firms, organizations, banks and institutions around the world. One more name has been added to the list as one of the largest Islamic banks in the world, Kuwait Finance House (KFH) partnered with Ripple in order to use its instant cross-border remittance service.
2. The Reserve Bank of India Says Cryptos Are not a Threat
RBI published its “Report on Trend and Progress of Banking in India 2017-18” on Dec. 28. The report cites an analysis by the Financial Stability Board (FS, an international body which monitors and makes recommendations about the global financial system.
3. Bitcoin’s Lightning Network Will Soon Come to Square’s Cash App
A bitcoin scaling solution known as the lightning network is expected to soon integrate with Square’s Cash App for mobile payments.Twitter and Square CEO, Jack Dorsey, who is an investor in the Bitcoin-oriented startup Lightning Labs, recently announced in an interview with Stephan Livera, that there are plans to integrate the scaling technology with Square’s mobile app.
4. Delay in Crypto Regulations May Create More Space for Technology
Last week a commissioner of the United States Securities and Exchange Commission (SEC) revealed that the delay in establishing crypto regulations might allow more freedom for the industry to move on its own. While discussing the current delays in delivering a transparent legal framework for crypto, Pierce said that ambiguity is not bad.
5. Crypto Will Take Over in Next Five Years: Tim Draper
Billionaire investor and notable Bitcoin (BTC) bull Tim Draper asserted that in Five years, only criminal would use fiat as cryptocurrencies are universally accepted. Draper made his claims in an interview with American financial news tv channel Fox Business released on February 18.