Citibank is a leading global bank that provides a wide range of financial products and services. With its extensive network and reputation, Citibank has made significant strides in digitizing trade finance processes, and the latest is the first ever blockchain-backed letter of credit (LC) transaction in record time. Meanwhile, an AltCoin season could be in the cards, with Ripple’s XRP gaining momentum, Dogecoin’s prospects looking up and the brand new SignUpToken.com, having crossed the 5000 mark and swiftly approaching its launch, but not quite. Stick around till the end to know more!
Citibank India Makes History With First Ever Blockchain-Backed Transaction
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Citi India has completed its first blockchain-enabled letter of credit transaction using Contour, a digital trade finance network, of which Citi is a founding member bank. The transaction was completed on behalf of Cummins India Limited and wrapped in just three hours, whereas it typically takes between five and ten days. Mridula Iyer, Head of Treasury and Trade Solutions for Citi South Asia, noted that the bank aims to reduce transaction times, provide clients access to trade financing and working capital solutions through digital platforms, and eliminate the need for paper-heavy documentation. This success comes amid an innovation boom in the trade finance field, which has allowed for quicker decision-making and more streamlined processes.
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XRP Catches Up
XRP, Ripple Labs’ native token, has seen a slight increase in price over the last 24 hours, according to CoinMarketCap. Other major cryptocurrencies have also experienced small gains after recent losses, but Bitcoin remains stagnant below $28,000. This price increase has given hope to the XRP community as they await a crucial verdict in the ongoing Securities and Exchange Commission (SEC) case against Ripple Labs. There are speculations that the recent increase in price may be linked to the outcome of the case, which Ripple CEO Brad Garlinghouse has predicted will be resolved in the first half of 2023. However, it is worth noting that XRP is still down 86.11% from its all-time high of $3.40 in January 2018, according to CoinGecko data.
Dogecoin Transferred To ‘Mystery Wallet’
Over 151 million Dogecoin (DOGE) worth over $12 million were transferred from Binance to an unknown wallet, but it seems to be an internal wallet reshuffling rather than a large whale purchase. Other Dogecoin transfers were also reported, including one worth over $7 million transferred from multiple wallets to a Binance wallet. Despite six consecutive days of gains, Dogecoin fell to bears' activity and hit a low of $0.076 on April 21, but has since recovered and is currently at $0.08. Dogecoin needs to hold above the daily MA 50 support at $0.079 to trend higher, while further declines may see a retest of levels near $0.071.
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SignUpToken.com Millionaires club passes 5,000 Mark
Signuptoken.com is a promising project for blockchain enthusiasts looking for a decentralized approach to finance. They have a bold vision of making a million millionaires through its unique DeFi system. At the heart of this vision is a one-of-a-kind “presale”, one that requires no financial output from the user.
That’s right, no financial output. Simply signing up with an email address on their website grants users access to the Millionaire Club. Signuptoken.com has already gained traction globally, recently having surpassed 5000 sign-ups and it only keeps growing.
The project is centered around its ERC-20 token, which means they are technologically advanced. Not only will users be notified about the token's launch via email, but they will also be alerted when Signuptoken.com launches its own Uniswap exchange. You might not want to miss out on this email-it can change your life!
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SignUpToken also has a referral system in place that rewards users for inviting friends and family to the platform. With its focus on community building and long-term growth, Signuptoken.com has the potential to become a game-changer in the cryptocurrency industry.
In conclusion, the Indian market is ripe for innovation and growth, and the recent blockchain-enabled LC transaction is a testament to its commitment to innovation and efficiency as a valuable player in the financial industry. AltCoins seem to be making gains with XRP and Dogecoin headlining the surge, however, it is important to note that both the coins are subject to market volatility. On the other hand, SignUpToken.com offers promise and is an option that investors must look out for. With its focus on community building, long-term growth, and no-presale mantra, Signuptoken.com is the next big thing in crypto.
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For More Info on Signuptoken.com:
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken
Telegram: https://t.me/SignUpToken
