Blockchain
XRP Healthcare Stops XRP to XRPH Swap Facility, Ensuring Token Scarcity on June 7th
XRP Healthcare, a pioneering company at the intersection of blockchain and healthcare, has announced a strategic move to halt its XRP to XRPH token swap facility come June 7th, 2024, or as soon as its allocated XRPH Swap facility tokens have been depleted. This decision comes in response to the unprecedented demand for its XRPH tokens, underscoring the importance of preserving the finite supply for its existing exchange platforms and the revolutionary XRP Healthcare Prescription Savings Card App available Google Play and Apple Store where it can be used in up to 68,000 pharmacies such as Walmarts, CVS and Walgreens for up to 80% savings off prescriptions and medications in return for $1.00 of XRPH tokens each time the card is used.
With a fixed total supply of just 100 million XRPH tokens and the issuing account blackholed to prevent any future issuance, XRP Healthcare is committed to maintaining the scarcity of its tokens. A Blackholed issuing account means that no additional tokens can ever be created, ensuring the total supply remains constant. This is in stark contrast to centralized financial systems, where governments and central banks can print more fiat money at will. Examples include the Federal Reserve in the United States and the European Central Bank, both of which have engaged in significant monetary expansion in recent years – Over time, this increase in fiat money supply can lead to inflation, diminishing the value of the currency.
“Halting the swap facility is a crucial step in ensuring the long-term integrity and scarcity of XRPH tokens,” said Kain Roomes, CEO and Founder of XRP Healthcare. “By Blackholing the issuing account, we are aligning with the best practices in the cryptocurrency space to maintain the value of our tokens for our consumers.”
Scarcity has long been a fundamental principle in the crypto world. A prime example is Bitcoin, which undergoes a “halving” event approximately every four years. The most recent halving took place in April 2024, reducing the reward for mining new blocks by half. This process inherently limits the supply of new Bitcoins, contributing to its status as “digital gold” and often leading to significant price appreciation post-halving.
“By halting the swap facility, we are taking a proactive approach to managing our token supply, much like the mechanisms seen in successful cryptocurrencies such as Bitcoin and Ethereum,” said Laban Roomes, Business Development Officer at XRP Healthcare. “This ensures our consumers benefit from a finite supply of XRPH tokens which day by day are becoming increasingly scarce”.
XRP Healthcare has also made significant strides recently, with the XRPH token rising from a CoinMarketCap position of over 3500 to its current position of around 1400.
Adding further to the trust and transparency the XRPH token supply is verified on CoinMarketCap (CMC), and operates as a validator node on the XRPL.
Furthermore, the company’s expansion plans in Uganda and the wider African region are well underway. This includes the successful registration of its Trademark in Uganda, a necessary requirement to brand private healthcare acquisitions of pharmacies, medical centres and hospitals with its logo – along with its commitment to be self-autonomous, and to not rely on any third parties.
XRP Healthcare is raising its own funds to begin the mergers and acquisitions of private healthcare facilities in the region.
The company has also appointed Uganda-born Peter Waiswa, an advisor to UNICEF, WHO, and the Bill and Melinda Gates Foundation, to their advisory board. XRP Healthcare appears to be completely focused on potentially disrupting and impacting the African healthcare system.
“In a market where the scarcity of digital assets is a critical component of their appeal, our initiative demonstrates a proactive stance in safeguarding the integrity and worth of XRPH tokens,” added Whitney Lynn, Chairman of XRP Healthcare. “This move not only responds to current market dynamics but also positions XRPH as a valuable and sought-after token in the burgeoning field of blockchain-based healthcare solutions.”
The post XRP Healthcare Stops XRP to XRPH Swap Facility, Ensuring Token Scarcity on June 7th appeared first on HIPTHER Alerts.
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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