XRP role in Swiss bank; Shiba Inu and InQubeta rising prominence in crypto
TLDR
- InQubeta’s fractional investment protocol can open new opportunities for venture capital investors.
- Despite the token’s struggling prices, Shiba Inu’s burning program and Shibarium look promising
- Despite not being their reference token, XRP showed potential benefits to the Swiss Bank.
At the Sibos 2023 conference, Switzerland said it plans to incorporate its Central Bank Digital Currency (CBDC) into live transactions. It was initially believed that they would adopt XRP for settlement, but this was incorrect. XRP remains under pressure at spot rates. Despite this, InQubeta (QUBE) and Shiba Inu (SHIB) continue to play critical roles in the market.
InQubeta is a project seeking to transform investment in crypto artificial intelligence (AI) startups. On the other hand, Shiba Inu is a meme coin project with a secure and decentralized ecosystem. SHIB and QUBE are edging higher despite the adverse market conditions.
This article examines the significance of InQubeta and Shiba Inu in the market.
InQubeta: making AI investment more inclusive and accessible
InQubeta leverages AI and blockchain to provide capital for potent AI startups. It allows investors to gain exposure, without limits, through a fractional investment mechanism.
The platform’s dedication to these enterprises’ growth could explain rising demand from institutional investors and venture capitalists.
InQubeta has already raised over $3.5 million in the ongoing presale and is increasingly being explored by more investors.
In addition to its presale, InQubeta has a non-fungible token (NFT) crypto marketplace where investors can purchase equity-based assets minted by AI startups. This mutually beneficial system could explain why InQubeta is attractive to NFT enthusiasts.
Shiba Inu: driving innovation and decentralization in meme coins
Shiba Inu is an alternative to Dogecoin (DOGE). Ryoshi unveiled the meme coin project in August 2020. The project runs on Ethereum, ensuring SHIB transactions are transparent.
SHIB is used as a medium of exchange, staking, and governance.
Shiba Inu’s features can explain the demand for SHIB. However, prices have been falling in recent days. Despite this price slip, the project’s burn program and Shibarium layer-2 may support prices.
Ripple: improving borderless transactions
There were rumors that XRP was being used by the Swiss Bank for their central bank digital currencies (CBDCs).
However, experts have clarified that the Swiss Bank is not using XRP as a settlement token.
The market sentiment surrounding the project is not clear yet. However, XRP has the potential to enhance customer service with its secure and fast payment system.
Ripple is a network for transferring money that utilizes blockchain technology. The project incorporates XRP in one of its solutions.
Still, it’s important to note that XRP is the native currency of the XRP Ledger (XRPL). The XRPL operates by processing fast transactions at affordable fees while being energy-efficient.
Conclusion
Ripple’s distinct features can play a significant role in the Swiss Bank. Meanwhile, since XRP has been under pressure, investors are actively searching for alternatives.
Despite the overall trend, InQubeta and Shiba Inu are steady despite current market conditions. Many institutional investors have found InQubeta a good option for diversifying their crypto portfolios.
The project can offer higher returns on investment, and QUBE is deflationary, meaning prices can find support in the long term. The InQubeta presale is ongoing.
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