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Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations. A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules. At the recent Ripple Swell 2023 event, Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that the industry should be regulated based on activity rather than the technology used. He said: “We don’t want people to think about regulating the technology… We want regulators, or anybody for that matter, to be technology-neutral. It doesn’t matter if the [activity] is happening in blockchain or traditionally.” “[If] somebody is going payments, then it needs to be regulated as a payment instrument. If something is a secur...

JPMorgan’s blockchain platform JPM Coin has introduced programmable payment functionality for its institutional users. Multinational banking firm JPMorgan has rolled out a program mable payment feature for institutional users of its private blockchain platform JPM Coin. Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initial report from Bloomberg. According to Mallela, the programmable payments feature is now available to all its institutional clients. The capability is said to enable real-time, program mable treasury functionality and new digital business models. Mallela hailed the launch as a significant milestone in the evolution of JPM Coin and described the newly introduced program mability as the ‘holy grail’ for its blockchain platform . The Onyx team shared further details of the programmable payments feature in correspondence with Cointelegraph. Onyx and JPM Coin note that this featur...

Bitcoin and Ether have the largest share in PayPal’s crypto assets, accounting for $291 million and $250 million in the asset breakdown, respectively. Global payment giant PayPal holds a significant part of its financial liabilities in cryptocurrencies like Bitcoin (BTC) offered to its customers. As of Dec. 31, PayPal held a total of $604 million in various Cryptocurrencies including Bitcoin, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), according to the annual report filed with the United States Securities and Exchange Commission (SEC) on Feb. 10. Bitcoin has the largest share in PayPal’s crypto assets, accounting for $291 million in the firm’s asset breakdown, while $250 million is held in ETH. The remaining $63 million includes Litecoin and Bitcoin Cash combined. The amount of PayPal’s crypto holdings accounts for 67% of the company’s total financial liabilities amounting to $902 million as of Dec. 31. PayPal’s total financial assets stood at more than $25 billion, according...