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
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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