XRP rules could push Ripple out of the US; Nets acquires the Swiss POS company


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Security risk

Ripple may be leaving San Francisco due to a dispute over how the XRP token can be regulated in the United States

The blockchain company could end up in London, where XRP is expected to go unregulated as a title, a classification that carries stricter rules, he reports. CNBC, who interviewed CEO Brad Garlinghouse. Garlinghouse said the UK’s FCA has “made it clear” that XRP is not a security.

The SEC has not ruled on XRP, although it has suggested that XRP should be regulated as a security, causing a battle with Garlinghouse which has been raging for several years. Garlinghouse said that XRP and Ripple are separate entities.

Brad Garlinghouse, CEO of Ripple Labs

Bloomberg News


Alliance Data Systems Corp. is moving its card processing services to Fiserv after years of in-house management for its private label, co-branded and commercial card portfolio.

Alliance, based in Columbus, Mo., expects the move to improve operational efficiency by adding new features and digital enhancements, ADS said in a press release.

This month, Alliance Data added tools that allow merchants to send offers to customers in real time with the ability to request credit directly from its trading partner websites.

Playing hard ball

A bill in China would ban all yuan-based stablecoins except the pending Chinese central bank digital currency.

The government is positioning the move as a way to prevent virtual currency risk, but it would hurt crypto companies in China that use stablecoins to trade, reports Coindesk.

China has made several moves over the years to reduce cryptocurrency, including definitive prohibitions. The digital yuan is in part an effort to stem the influence of cryptocurrency in China, as well as large Western technology and data companies.

Pact of networks

European payment technology company Nets has acquired CCV Schweiz, a vendor of point-of-sale terminals in Switzerland.

The acquisition will expand Nets’ markets in Germany, Austria and Switzerland. CCV Schweiz’s portfolio comprises 34,000 payment terminals. Terms of the deal, which is expected to close in the coming weeks, were not disclosed.

Nets is also the subject of a potential acquisition, such as Nets private equity ownersthey’ve been inviting offers from potential buyers in recent weeks.

From the web

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India’s Future Retail claims to look into the order against Reliance’s deal
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Future Retail said Monday that it was reviewing an arbitration board order to suspend the sale of $ 3.38 billion assets to Reliance Industries and would take legal action to close the deal without delay.

PayPal releases Epik domain registrar on its “alternative” digital currency
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PayPal may be friendlier to digital currencies, but that doesn’t mean it offers everyone a free pass.

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