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Ferrari Now Accepts Cryptocurrency Payments, Ripple CTO Reveals Tokenization Timeline, and More: Crypto News Digest

Ferrari, the renowned luxury car manufacturer, has made a groundbreaking move by accepting payments in popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and XRP. According to a report by Reuters, Ferrari customers in the United States can now purchase their dream cars using these digital assets. The company has partnered with BitPay, a leading payment processor, to facilitate this new payment option. Notably, Ferrari has confirmed that there will be no changes in prices, fees, or surcharges for customers paying with cryptocurrencies. While currently available only to U.S. customers, Ferrari is actively considering expanding this offering to wealthy clients in the European Union in the near future.

Tokenization of Real-World Assets on XRPL: Ripple CTO’s Insight

In a recent video shared by the Flip The Chain team, Ripple’s Chief Technology Officer, David Schwartz, discussed the potential of tokenizing real-world assets (RWA) on the XRP Ledger (XRPL). Schwartz highlighted two key advantages of XRPL for this purpose: low transactional fees and seamless integration with on-chain exchange mechanisms. He emphasized that XRPL decentralized exchanges (DEXes) will provide user-friendly platforms for buying, selling, storing, and transferring tokenized assets. According to Schwartz, the launch of RWA tokenization projects on XRPL is expected within the next year or year and a half.

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Shytoshi Kusama’s Cryptic Tweet: What Does It Mean for the SHIB Army?

Shytoshi Kusama, the lead developer of the popular cryptocurrency Shiba Inu (SHIB), recently posted a mysterious tweet that has sparked curiosity among the SHIB community. Kusama shared lyrics from Taylor Swift’s song “Bad Blood” on a social media platform. This enigmatic message has led to two possible interpretations. Firstly, it could be a hint at a potential collaboration between the SHIB team and the Bad Idea AI (BAD) team, working on artificial intelligence projects related to SHIB. Alternatively, the tweet might be a nod to pop culture and adoption, following BitPay’s announcement of enabling crypto enthusiasts to purchase tickets for Taylor Swift’s Eras Tour using SHIB, DOGE, XRP, and other digital assets.

Ripple’s Legal Victory Boosts XRP’s Profile: Hong Kong’s Top Crypto Index Inclusion

XRP, the native cryptocurrency of Ripple, has achieved a significant milestone by being included in the virtual asset index of the Hong Kong Virtual Asset Consortium (HKVAC). This recognition has propelled XRP into the league of esteemed digital currencies, as it secures a 6.94% share in the HKVAC Cryptocurrency Global Large Top5 Index and Equal Weight Index. With Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) holding higher shares at 15% each, XRP’s inclusion marks its rising prominence. This achievement can be attributed to Ripple’s recent legal victory against the U.S. Securities and Exchange Commission (SEC), establishing XRP’s non-security status.

These four major news stories highlight the ongoing developments and innovations within the cryptocurrency industry. From Ferrari embracing cryptocurrencies for car purchases to Ripple’s advancements in tokenization and XRP’s inclusion in a prestigious crypto index, the digital asset landscape continues to evolve. Stay tuned for more exciting updates in the world of crypto!

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