Through their partnership, Ripple and Modulr will deliver real-time, price-competitive, and reliable payments into the UK and Europe. Their services will be available globally in the coming months.
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Palau is the latest country to dabble in cryptocurrency. It has partnered with Ripple to develop a new USD-backed stablecoin. It could end up being the world's first government-backed stablecoin.
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Bitcoin experienced a notable dip in prices today, dropping 12% to $8000. Other cryptocurrencies have had even harsher drops as they all face a myriad of challenges and uneasiness from investors.
The Grand Mufti of Egypt, Sheikh Shawki Allam, has issued a fatwa against the use of bitcoin largely due to the risks he perceives with the cryptocurrency for individuals, groups, and institutions.
