What to Know:
- SwissBullion.eu, a European dealer in precious metals, now accepts XRP and Ethereum (ETH) for payments.
- XRP Ledger recorded an all-time high RWA market cap of $364.2 million in Q3, marking a 215% quarterly increase.
- Seven U.S. spot XRP ETF applications are currently under review by the SEC.
SwissBullion.eu, a European precious metals dealer, has expanded its payment options to include XRP and Ethereum, integrating these cryptocurrencies alongside Bitcoin and stablecoins. This move signals growing acceptance of digital assets in traditional markets. The integration aims to provide customers with faster, more efficient ways to purchase gold, silver, platinum, and palladium.
Precious metals dealer SwissBullion now accepting #XRP and ETH for precious metals purchases. (They mislabel it as “Ripple” in the p/r in places). Not clear if they use a payment processor or handle wallets directly. pic.twitter.com/OgyMMUPouR
The XRP Ledger demonstrated significant growth in Q3, achieving an all-time high RWA market cap. This surge reflects increased issuance and adoption of real-world asset tokenization on the XRP blockchain. The network also saw increases in average daily transactions and active addresses, indicating heightened user engagement.
Ethereum’s Fusaka upgrade has successfully completed testing on multiple testnets. Developers are now working towards finalizing a mainnet launch date, tentatively set for early December. This upgrade is poised to bring further enhancements to the Ethereum network.
The potential approval of spot XRP ETFs in the U.S. remains a key development to watch. With multiple applications pending before the SEC, the decision could significantly impact XRP’s market presence and accessibility to investors. Regulatory clarity remains a crucial factor for the broader adoption of cryptocurrencies.
The acceptance of XRP and Ethereum by SwissBullion.eu, coupled with the growth of the XRP Ledger and potential ETF approvals, highlights the evolving landscape of digital assets. These developments suggest a future where cryptocurrencies play an increasingly important role in global finance and investment.
Source: Original article
