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		<title>Ripple (XRP) Just Entered a $3.8 Trillion Market. Here&#8217;s the Latest</title>
		<link>https://timestabloid.com/ripple-xrp-just-entered-a-3-8-trillion-market-heres-the-latest/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Fri, 27 Mar 2026 10:02:33 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Ripple]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[XRP]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=100691</guid>

					<description><![CDATA[<p>In a recent post, crypto commentator X Finance Bull (@Xfinancebull) revealed that Ripple had entered a major trade finance market through a central bank initiative. The post referred to Ripple’s participation in a Singapore program designed to modernize trade settlement using blockchain infrastructure and regulated digital assets. This new development in Singapore’s trade finance sector [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/ripple-xrp-just-entered-a-3-8-trillion-market-heres-the-latest/">Ripple (XRP) Just Entered a $3.8 Trillion Market. Here&#8217;s the Latest</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In a recent post, crypto commentator X Finance Bull (@Xfinancebull) revealed that Ripple had entered a major trade finance market through a central bank initiative.</p>
<p>The post referred to Ripple’s participation in a Singapore program designed to modernize trade settlement using blockchain infrastructure and regulated digital assets.</p>
<p>This new development in Singapore’s trade finance sector is placing blockchain settlement infrastructure into a regulated pilot tied to cross-border commerce.</p>
<p>The initiative connects tokenized bank liabilities, regulated stablecoins, and automated payment execution. The structure <a href="https://timestabloid.com/researcher-heres-when-banks-will-turn-to-ripple-xrp-as-fastest-and-most-efficient/">focuses on settlement efficiency</a>, liquidity access, and financing workflows for businesses operating across Asia’s trade corridors.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">BREAKING <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Ripple <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> just entered a $3.8 TRILLION market.</p>
<p>XRP Ledger and RLUSD are now part of Singapore&#39;s central bank pilot for cross-border trade settlement.</p>
<p>Let that satisfacer for a second.</p>
<p>The Monetary Authority of Singapore invited Ripple into BLOOM. Borderless.… <a href="https://t.co/EZMdV2XiHn">https://t.co/EZMdV2XiHn</a> <a href="https://t.co/QhjdUubxAr">pic.twitter.com/QhjdUubxAr</a></p>
<p>&mdash; X Finance Bull (@Xfinancebull) <a href="https://twitter.com/Xfinancebull/status/2036729810370589095?ref_src=twsrc%5Etfw">March 25, 2026</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2><strong>Singapore Central Bank Pilot Integrates XRP</strong></h2>
<p>Ripple confirmed in a press release that it joined the Monetary Authority of Singapore initiative known as BLOOM. The program focuses on extending settlement capabilities using tokenized bank liabilities and regulated stablecoins. According to the announcement, Ripple is partnering with Unloq to pilot programmable settlement infrastructure for trade finance.</p>
<p>The press release states that the system integrates trade obligations, settlement conditions, and financing workflows into a unified execution layer. The global trade finance market is valued at about $3.8 trillion, placing this pilot inside one of the largest financial sectors in the world.</p>
<p>The infrastructure uses the XRP Ledger and <a href="https://timestabloid.com/huge-for-xrp-real-reason-behind-rlusd-revealed/">Ripple’s stablecoin, RLUSD</a>, described in the document as a “trusted, enterprise-grade stablecoin, designed for enterprise use cases.”</p>
<h2><strong>Automated Settlement Changes Trade Finance Timing</strong></h2>
<p>The pilot targets a long-standing issue in trade finance. Businesses often wait weeks before receiving payment after shipping goods. The new system uses smart contracts to trigger payment immediately after shipment verification. That structure improves cash flow timing and <a href="https://timestabloid.com/new-document-xrp-can-drastically-reduce-friction-in-cross-border-payments/">reduces settlement delays</a>.</p>
<p>X Finance Bull wrote that the initiative enables automatic RLUSD payment after shipment conditions are verified. Singapore plays a major role in global trade flows and cross-border currency activity, with a daily volume of $336 billion.</p>
<p>The country serves as a financial gateway to Southeast Asia and handles large volumes of international trade settlements. The Asia-Pacific region handles about 40% of global cross-border payment volume. This makes the region one of the most important trade corridors in the global economy.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">We are on X, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a></p>
<p>&mdash; TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1934162718258499855?ref_src=twsrc%5Etfw">June 15, 2025</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2><strong>What This Means for XRP</strong></h2>
<p>The pilot directly involves XRP through the XRP Ledger infrastructure. The system uses XRPL for settlement execution while RLUSD handles stablecoin payments. This structure positions XRP inside a regulated trade finance infrastructure tied to real commercial transactions.</p>
<p>The Ripple announcement states the platform aims to demonstrate a viable model for interoperable settlement infrastructure in Singapore’s financial system. The integration of tokenized funds, stablecoins, and automated settlement workflows shows how blockchain infrastructure can <a href="https://timestabloid.com/expert-to-xrp-investors-xrp-will-bridge-old-world-with-the-new-heres-why/">operate inside traditional financial frameworks</a>.</p>
<p><strong><em>Disclaimer</em></strong><em>: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.</em></p>
<hr />
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<p>The post <a href="https://timestabloid.com/ripple-xrp-just-entered-a-3-8-trillion-market-heres-the-latest/">Ripple (XRP) Just Entered a $3.8 Trillion Market. Here&#8217;s the Latest</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Attorney John Deaton Discusses XRP Price and Impact of XRP-Powered ODL Adoption in Singapore</title>
		<link>https://timestabloid.com/attorney-john-deaton-discusses-xrp-price-and-effect-of-xrp-powered-odl-adoption-in-singapore/</link>
		
		<dc:creator><![CDATA[Adedoyin Aka]]></dc:creator>
		<pubDate>Fri, 23 Jun 2023 13:05:21 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[ODL]]></category>
		<category><![CDATA[On-Demand Liquidity (ODL)]]></category>
		<category><![CDATA[Ripple]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[XRP]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=16960</guid>

					<description><![CDATA[<p>The Monetary Authority of Singapore (MAS) recently granted Ripple Markets Asia Pacific In-Principle approval to grow the On-Demand Liquidity (ODL) solution in Singapore. This permission allows XRP to be used in ODL transactions, enabling faster and more efficient cross-border payments. XRP Will Be Utilized Bill Morgan, an Australian-based lawyer, questioned if the new license would [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/attorney-john-deaton-discusses-xrp-price-and-effect-of-xrp-powered-odl-adoption-in-singapore/">Attorney John Deaton Discusses XRP Price and Impact of XRP-Powered ODL Adoption in Singapore</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">The Monetary Authority of Singapore (MAS) recently granted Ripple Markets Asia Pacific In-Principle approval to grow the On-Demand Liquidity (ODL) solution in Singapore. This permission allows XRP to be used in ODL transactions, enabling faster and more efficient cross-border payments.</span></p>
<h2><strong>XRP Will Be Utilized</strong></h2>
<p><span style="font-weight: 400;">Bill Morgan, an Australian-based lawyer, questioned if the new license would allow for the use of XRP in ODL transactions. According to pro-XRP lawyer John E. Deaton, the usage of XRP in ODL transactions is legal under the new license.</span></p>
<p><em><strong>Read Also: <a href="https://timestabloid.com/bank-of-america-to-leverage-ripple-odl-services-once-xrp-lawsuit-ends-garlinghouse-affirms/" target="_blank" rel="noopener">Bank of America to Leverage Ripple ODL Services Once XRP Lawsuit Ends, Garlinghouse Affirms</a></strong></em></p>
<p><span style="font-weight: 400;">The <a href="https://timestabloid.com/ripple-secures-approval-for-singapore-digital-payment-license-xrp-fully-involved-details/" target="_blank" rel="noopener">In-Principle license</a> places Ripple in a select group of fewer than 20 companies that have earned such a license from the government. While this is major news, it did not cause the price of XRP to rise as expected.</span></p>
<p><span style="font-weight: 400;">Despite the fact that all XRP holders are in a joint venture with Ripple and rely on the company&#8217;s performance to make money, the coin&#8217;s price has not reacted to the news. Instead, it has continued to follow Bitcoin&#8217;s and the macroenvironmental developments.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">For the record, this news from <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> is fairly significant. Less than 20 companies have received such a license in Singapore  and XRP will be utilized. Yet, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> doesn’t move up, even a little. If all XRP holders in the <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f30e.png" alt="🌎" class="wp-smiley" style="height: 1em; max-height: 1em;" /> are in a common enterprise with Ripple and relying on… <a href="https://t.co/TIakLamh0c">https://t.co/TIakLamh0c</a></p>
<p>&mdash; John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1671910549473337344?ref_src=twsrc%5Etfw">June 22, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">While XRP rose slightly to 0.52 from 0.50 in the early hours of the release, most crypto assets gained somewhat as well. The ongoing SEC litigation against Ripple adds to the uncertainties surrounding XRP&#8217;s prospects.</span></p>
<p><span style="font-weight: 400;">Despite the absence of price movement, MAS certification is a key milestone for Ripple because it allows ODL transactions in Singapore to leverage XRP. With this approval, the ODL solution will be able to facilitate faster and more cost-effective cross-border settlements.</span></p>
<p><em><strong>Read Also: <a href="https://timestabloid.com/ripple-announces-new-on-demand-liquidity-odl-in-japan/" target="_blank" rel="noopener">Ripple Announces New On-Demand Liquidity (ODL) In Japan</a></strong></em></p>
<p><span style="font-weight: 400;">Deaton emphasized the significance of Ripple&#8217;s freshly gained In-Principle certification from MAS in a tweet, adding that just about 20 businesses in Singapore have such a license.</span></p>
<p><span style="font-weight: 400;">However, he went on to say that XRP has continued to follow Bitcoin&#8217;s and the macro environment&#8217;s developments. While Deaton&#8217;s tweet did not contain any new information, it did highlight the viewpoint of a pro-XRP lawyer on Ripple&#8217;s In-Principle clearance and the present state of XRP&#8217;s price movement.</span></p>
<hr />
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<p>The post <a href="https://timestabloid.com/attorney-john-deaton-discusses-xrp-price-and-effect-of-xrp-powered-odl-adoption-in-singapore/">Attorney John Deaton Discusses XRP Price and Impact of XRP-Powered ODL Adoption in Singapore</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Ripple Secures Approval for Singapore Digital Payment License. XRP Fully Involved: Details</title>
		<link>https://timestabloid.com/ripple-secures-approval-for-singapore-digital-payment-license-xrp-fully-involved-details/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Thu, 22 Jun 2023 03:11:13 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Ripple]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[XRP]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=16902</guid>

					<description><![CDATA[<p>Amid the uncertainty of crypto regulation in the United States, Ripple, the San Francisco-based cross-border payments firm, has secured in-principle approval of an application for a Major Payments Institution from the Monetary Authority of Singapore (MAS). According to the report, this new development will allow a local subsidiary to offer regulated digital payment token products [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/ripple-secures-approval-for-singapore-digital-payment-license-xrp-fully-involved-details/">Ripple Secures Approval for Singapore Digital Payment License. XRP Fully Involved: Details</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Amid the uncertainty of crypto regulation in the United States, Ripple, the San Francisco-based cross-border payments firm, has secured in-principle approval of an application for a Major Payments Institution from the Monetary Authority of Singapore (<a href="https://www.mas.gov.sg/who-we-are">MAS</a>).</p>
<p>According to the <a href="https://ripple.com/insights/ripple-deepens-roots-in-apac-by-obtaining-in-principle-regulatory-approval-in-singapore/?utm_campaign=&amp;utm_medium=organic_social&amp;utm_source=twitter" target="_blank" rel="noopener">report</a>, this new development will allow a local subsidiary to offer regulated digital payment token products and services in the country.</p>
<p><em><strong>Read Also: <a href="https://timestabloid.com/fox-journalist-spots-ripple-billboards-around-sec-headquarters-xrp-community-reacts/" target="_blank" rel="noopener">Fox Journalist Spots Ripple Billboards Around SEC Headquarters, XRP Community Reacts</a></strong></em></p>
<p>With this approval, Ripple will be able to further scale the use of its crypto-enabled On-Demand Liquidity service.</p>
<p>It should be noted that the ODL platform allows financial institutions to instantly send money across borders using XRP as a bridge currency. This implies that the digital token <strong>XRP is fully involved</strong> in this new development.</p>
<p>Reacting to the new development, Ripple CEO Brad Garlinghouse noted:</p>
<p><em>“Singapore continues to be a global leader in establishing clear rules of the road to recognize the innovation and real-world utility of digital assets, and its benefits to the global financial system.”</em></p>
<p><em><strong>Read Also: <a href="https://timestabloid.com/ripple-ceo-brad-garlinghouse-sec-is-throwing-lawsuits-to-distract-from-ftx-debacle/" target="_blank" rel="noopener">Ripple CEO Brad Garlinghouse: SEC is Throwing Lawsuits to Distract from FTX Debacle</a></strong></em></p>
<p>Stu Alderoty, Chief Legal Officer at Ripple, also said:</p>
<p><em>“As more countries develop regulatory frameworks for crypto, many are looking to Singapore’s early leadership in developing a clear taxonomy and licensing framework. This in-principle regulatory approval from the MAS will enable us to better support our forward-looking customers looking to hone in on blockchain and crypto technologies to build a more inclusive and borderless financial system.</em></p>
<p>In a statement with The Block, Stu Alderoty said it took the firm a few critical steps to get the final approval from Singapore.</p>
<hr />
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<p>The post <a href="https://timestabloid.com/ripple-secures-approval-for-singapore-digital-payment-license-xrp-fully-involved-details/">Ripple Secures Approval for Singapore Digital Payment License. XRP Fully Involved: Details</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Coinbase to Start Requiring Recipient Information of Canadian Transactions above 1000 CAD; Singapore, Japan Users Included</title>
		<link>https://timestabloid.com/coinbase-to-start-requiring-recipient-information-of-canadian-transactions-above-1000-cad-singapore-japan-users-included/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Sat, 26 Mar 2022 00:01:21 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Coinbase]]></category>
		<category><![CDATA[Crypto]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[World News]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=4754</guid>

					<description><![CDATA[<p>Coinbase, the largest US-based crypto exchange, will soon start to require its customers in Canada who send crypto to another financial institution or exchange to provide recipient’s personal information, such as name and address. The new development also affects users from countries such as Japan and Singapore. The crypto exchange has been sending notices to [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/coinbase-to-start-requiring-recipient-information-of-canadian-transactions-above-1000-cad-singapore-japan-users-included/">Coinbase to Start Requiring Recipient Information of Canadian Transactions above 1000 CAD; Singapore, Japan Users Included</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Coinbase, the largest US-based crypto exchange, will soon start to require its customers in Canada who send crypto to another financial institution or exchange to provide recipient’s personal information, such as name and address. The new development also affects users from countries such as Japan and Singapore.</p>
<p>The crypto exchange has been sending notices to its customers in the affected countries, stating that the change will take effect in early April.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/malaysia-comms-ministry-tells-parliament-to-adopt-cryptos-like-bitcoin-as-legal-tender-to-engage-the-youth/" target="_blank" rel="noopener">Malaysia Comms Ministry Tells Parliament to Adopt Cryptos like Bitcoin as Legal Tender to Engage the Youth</a></em></strong></p>
<p>A user who shared the information on Twitter wrote, <em>“Wait, then what’s the point of crypto/blockchain, being outside of fin.system and all.. I may be better of sending fiat money crypto freaks may not realise but the market is getting extremely regulated.”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Wait, then what’s the point of crypto/blockchain, being outside of fin.system and all.. I may be better of sending fiat money  crypto freaks may not realise but the market is getting extremely regulated. <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> <a href="https://twitter.com/hashtag/fail?src=hash&amp;ref_src=twsrc%5Etfw">#fail</a> <a href="https://t.co/PQ9Z5kQyNs">pic.twitter.com/PQ9Z5kQyNs</a></p>
<p>&mdash; Eurasianomics (@eurasianomics) <a href="https://twitter.com/eurasianomics/status/1507223413433143299?ref_src=twsrc%5Etfw">March 25, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>As expected, the move has been greeted with tons of backlashes from Coinbase users. Many believe that this will force tons of users to abandon the heavily centralized exchange.</p>
<p>According to a FAQ made available by the crypto exchange, for Canadian users, sending more than 1000 CAD worth $798 in crypto to a financial entity or other crypto exchange will require the name and address of the recipient. This will be effective from 4th April, citing compliance to Canada&#8217;s <a href="https://www.fintrac-canafe.gc.ca/guidance-directives/transaction-operation/travel-acheminement/1-eng" target="_blank" rel="noopener nofollow">FINTRAC rules</a>.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/canada-would-become-the-crypto-power-house-with-this-newly-introduced-crypto-bill/" target="_blank" rel="noopener">Canada Would Become the Crypto Power House with This Newly Introduced Crypto Bill</a></em></strong></p>
<p>For users in Singapore, all crypto transfers from a user’s wallet to an outside address will require the recipient’s full name and country of residence. This will be effective from 1st April 2022, citing local<a href="https://www.mas.gov.sg/-/media/MAS-Media-Library/regulation/notices/AMLD/psn02-aml-cft-notice---digital-payment-token-service/Notice-PSN02-last-revised-on-1-March-2022.pdf" target="_blank" rel="noopener nofollow"> Singaporean regulations</a>.</p>
<p>As for Japan, all transfers of digital assets to recipients outside the country must include the name, address, and destination wallet of the recipient, citing rules established by the Japan Crypto Trading Association (JVCEA). This will also be effective from 1st April 2022.</p>
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<p>The post <a href="https://timestabloid.com/coinbase-to-start-requiring-recipient-information-of-canadian-transactions-above-1000-cad-singapore-japan-users-included/">Coinbase to Start Requiring Recipient Information of Canadian Transactions above 1000 CAD; Singapore, Japan Users Included</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Gemini: Ethereum (ETH), Cardano (ADA) Top the List of Investments of Choice in Singapore</title>
		<link>https://timestabloid.com/gemini-ethereum-eth-cardano-ada-top-the-list-of-investments-of-choice-in-singapore/</link>
		
		<dc:creator><![CDATA[Tobi Loba]]></dc:creator>
		<pubDate>Wed, 18 Aug 2021 10:07:38 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Cardano]]></category>
		<category><![CDATA[Cardano (ADA)]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Ethereum]]></category>
		<category><![CDATA[Ethereum (ETH)]]></category>
		<category><![CDATA[Gemini Exchange]]></category>
		<category><![CDATA[Singapore]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=655</guid>

					<description><![CDATA[<p>According to a survey conducted by a US-based cryptocurrency exchange, Gemini, Ethereum (ETH), Bitcoin (BTC), and Cardano (ADA) currently top the list of crypto investments of choice among adults in Singapore. It’s becoming obvious that the increase in the scrutiny of crypto across the world is indirectly boosting its popularity globally. Many are now interested [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/gemini-ethereum-eth-cardano-ada-top-the-list-of-investments-of-choice-in-singapore/">Gemini: Ethereum (ETH), Cardano (ADA) Top the List of Investments of Choice in Singapore</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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										<content:encoded><![CDATA[<p>According to a survey conducted by a US-based cryptocurrency exchange, Gemini, Ethereum (ETH), Bitcoin (BTC), and Cardano (ADA) currently top the list of crypto investments of choice among adults in Singapore.</p>
<p>It’s becoming obvious that the increase in the scrutiny of crypto across the world is indirectly boosting its popularity globally. Many are now interested in knowing what crypto investment is all about and why it’s vastly gaining traction.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/what-charles-hoskinson-said-about-the-possibility-of-hacking-smart-contracts-on-cardano-network/" target="_blank" rel="noopener">What Charles Hoskinson Said about the Possibility of Hacking Smart Contracts on Cardano Network</a></em></strong></p>
<p>Also, the crisis the world is currently facing has kept boosting its popularity, fulfilling the major reason for its creation, which is to serve as a hedge against any financial crisis. However, not all cryptocurrencies in the market are enjoying this boost in popularity.</p>
<h2><strong>The Break Down of the Survey Conducted By Gemini</strong></h2>
<p>According to the <a href="https://www.gemini.com/state-of-sg-crypto" target="_blank" rel="noopener">report</a>, the survey involved over 4,300 adults. From this number, 67% have invested in at least one cryptocurrency, and 79% of them are men. The survey says 80.2% of the crypto holders are below the age of 34.</p>
<p>Only 20% of the crypto holders are women, while 12% of the holders earned between $55,000 and $75,000. And just 0.2% of them are above 65.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/us-based-private-investment-firm-with-402-billion-worth-of-assets-approves-bitcoin-and-ethereum-exposure/" target="_blank" rel="noopener">US-Based Private Investment Firm with $402 Billion Worth of Assets Approves Bitcoin and Ethereum Exposure</a></em></strong></p>
<p>The survey went further to say that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, tops the list of cryptocurrencies of choice in Singapore, as 78% of crypto holders in the country currently hold the digital asset. Bitcoin (BTC) is a little below Ethereum (ETH) with 69%.</p>
<p>Cardano (ADA), the rapidly growing cryptocurrency, makes up 40% of crypto holders in Singapore. It can be recalled that Cardano has been top-performing crypto for the past couple of days. It also gained more traction after <a href="https://timestabloid.com/ada-surpasses-2-as-cardano-community-awaits-hoskinsons-big-announcement-about-smart-contract/" target="_blank" rel="noopener">breaking above $2</a> for the first time since May.</p>
<p>It’s worthy of note that the coronavirus pandemic made many Singaporeans invest in cryptocurrency as earlier mentioned.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/ada-surpasses-2-as-cardano-community-awaits-hoskinsons-big-announcement-about-smart-contract/" target="_blank" rel="noopener">ADA Surpasses $2 As Cardano Community Awaits Hoskinson’s Big Announcement about Smart Contract</a></em></strong></p>
<p>The report reads in part as follows:</p>
<p><em>“The Covid-19 pandemic have spurred more Singaporeans to invest in crypto… </em></p>
<p><em>“One possibility for this could be that investors are getting increasingly educated on crypto, accelerated by the rise of the digital economy during the pandemic. Some may also view cryptocurrency as a good way to hedge against inflation.”</em></p>
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<p>The post <a href="https://timestabloid.com/gemini-ethereum-eth-cardano-ada-top-the-list-of-investments-of-choice-in-singapore/">Gemini: Ethereum (ETH), Cardano (ADA) Top the List of Investments of Choice in Singapore</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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