Ripple (XRP) announced a major move in Dubai today!

Ripple CTO Emeritus David Schwartz said $XRP’s use case is expanding as the $XRP Ledger supports issued assets, tokenised real-world assets and a growing range of financial products such as securities, funds, repo transactions and loans.

Blockchain is gradually ceasing to be an experimental technology and is becoming part of the global financial infrastructure. Another confirmation of this is the inclusion of Ripple and Stellar in the annual ranking of the 100 largest companies in cross-border payments by FXC Intelligence.

Digital asset technology firms EDX Markets and EDXM International have announced the integration of Ripple Prime in order to expand their crypto services for institutional clients. EDX, which provides specialised transaction infrastructure and a centralised clearing service for institutions, aims to improve the efficiency of its liquidity management, clearing, and collateral processes through this partnership.

Ripple ($XRP) continues expanding its operations with new strategic moves. This time, the company signed a major financial agreement and attracted additional investment. According to Bloomberg, Ripple Prime reportedly secured a $200 million credit facility from investment management firm Neuberger Berman to expand its margin trading operations.

As the weekend approached, the number of payments processed on the $XRP Ledger dropped significantly, with transaction volume falling nearly 80% from previous peak levels.