1. Russian Banks Would Be Willing To Work With Cryptocurrencies
A group of representatives from major banks in the country met with several prominent personalities involved in the world of crypto-business to formulate in a roundtable a series of proposals and strategies to promote crypto-based financial instruments and their legal adoption. The discussion revolved around the regulatory issue as the main problem and was moderated by Luc Frieden, ex-Minister of Justice and Minister of Finance of Luxembourg. Representatives of leading international financial sites such as BitFlyer, the largest exchange in Japan, NEM blockchain platform and Litecoin cryptocurrency, took part in the meeting. Together with VNX Exchange, they discussed the regulation of the world’s crypto-currency market. The board members worked extensively on various proposals to solve the problem, clearly demonstrating that there is a willingness on the part of banks and other fintechs to open up to the crypto-currency markets.
2. UNICEF France Accepts Donations in 9 Cryptocurrencies
UNICEF France has announced it’s now accepting donations in 9 cryptocurrencies, according to a press release published by French media. The local office of the organization collects contributions in some of the most widely known digital coins, including bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), eos (EOS), monero (XMR), dash (DASH), and stellar (XLM). Donations in all supported cryptos are currently accepted directly through the website of the French branch. The UNICEF official pointed out that cryptocurrencies and crypto technologies represent an innovation in fundraising for solidarity but are still employed by few organizations in the field. At the same time, he noted the positive trend in regards to the spread of cryptocurrency donations.
3. Collaboration With PNC Leads to XRP Surge
United States bank PNC will begin using RippleNet to process international payments for its clients according to a report made on September 19th. PNC’s Treasury Management unit will be using it’s xCurrent software solution to expedite cross – border transactions for the bank’s U.S. commercial clients. PNC clients wil be allowed to recieve payments instantly which will change the way companies approach cash flow and account management. Ripple raised over the next few days with a 15 percent gains in overall market capitalization. Today, Ripple became second biggest cryptocurrency by market cap, at around $23 billion, but, Ethereum is now back to the second spot by market capitalization. October is the month in which Ripple is hoping to launch a commercial version of xRapid. The company previously partnered with Bittrex, Mexican Bitso and Philippine Coins.Ph in order to facilitate xRapid to move between XRP, U.S. dollars, Mexican and Philippine Pesos.