The Motley Fool
JULY 20, 2024
Here's what happens when you bank with one of the safest financial institutions in the world. It's an uncommon perk and why SoFi® is one of the safest financial institutions out there. It's not guaranteed -- legally, the government could have let depositors at SVB lose their money -- but it's an extra safety net.
The Motley Fool
JUNE 17, 2023
According to federal law, if a financial institution notices irregular behavior that cannot be easily explained, the bank must alert law enforcement and regulators by filing a Suspicious Activity Report. Contact your financial institution If your financial institution offers 24/7 customer service, you're in luck.
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The Motley Fool
APRIL 5, 2024
Building a valuable use case Ripple operates a blockchain network that connects financial institutions around the world. The issue with this ruling, however, is that institutions control enormous amounts of capital used in cross-border transactions, representing a potentially huge source of demand that could drive up XRP's price.
The Motley Fool
FEBRUARY 29, 2024
XRP acts as a bridge currency, allowing financial institutions to quickly convert one currency into another, with the help of banking partners facilitating conversions between XRP and local currencies in dozens of countries. Meanwhile, the legal battle with the U.S. That's another factor weighing on XRP's value and utility.
The Motley Fool
APRIL 7, 2024
Contrary to what you might think, a bank could legally withdraw money from your deposit accounts (like a checking or high-yield savings account ) if you've defaulted on one of its loan products, like a mortgage or car loan. The account and unpaid balance must be with the same bank for the right to offset to be legal.
The Motley Fool
JULY 29, 2024
On top of that sectorwide volatility, Ripple has faced significant legal challenges, which adds another layer of uncertainty. If the legal outcome is unfavorable, it would almost certainly damage Ripple's price. And of course, there's a potential upside to the legal hassle. billion by offering an unregistered digital security.
The Motley Fool
JANUARY 23, 2024
Trying to disrupt a major market Ripple is one of the oldest blockchain networks; it was launched in 2012 to facilitate cross-border transactions for financial institutions. While a judge last summer partly ruled that Ripple didn't violate any laws, the ruling did assert that its sale of its securities to institutional buyers did.
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