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Showing posts with the label competition

Circle wants its USDC payments network to be the Ripple killer

Circle recently announced its Circle Payments Network, which leverages USDC for cross-border payments. If that pitch sounds a lot like Ripple’s XRP-based payments network, RippleNet, that’s because it’s meant to. The giant crypto incumbents are direct competitors for the world’s most valuable settlement rails: sending USD value between banks using cryptography. Circle has its $61 billion USDC, and Ripple has its much smaller, albeit equally compliant, RLUSD. Both companies also have partnerships with banks and payment providers, with Circle boasting over 500 alliances and Ripple claiming to work with thousands . Crypto exchanges report about $55 million worth of RLUSD volume over the last 24 hours. That is 99.4% less than Circle’s $9.8 billion for its much larger USDC. Tearing a page right out of Ripple’s XRP marketing playbook, Circle bemoaned cross-border payments taking “longer than one business day to settle and costing more than 6%.” Just like Rippl...

Nvidia: Is NVDA The Best Magnificent Stock to Buy This Month?

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The US stock market got off to a little bit of a slow start in February. Indeed, rising geopolitical tensions and growing competition in the AI sector have led investors to be increasingly more selective in their approach. Yet, despite some recent challenges, is Nvidia (NVDA) still the best Magnificent Seven stock to buy this month? The stock has long been one of the biggest winners of the ongoing AI rush that dominated Wall Street last year. Surging more than 170% in 2024, there were many who expected it to lead the pack once again this year. However, less than two months into 2025, is that still the case? Source: Fortune Also Read: Nvidia (NVDA) to Hit $260B in AI Revenue: What it Means for the Stock Is Nvidia (NVDA) Atop Magnifncnet Seven Stocks Yet Again in February? There were few stocks that entered the year with as much potential as Nvidia. The AI chipmaker had the eyes of investors, as many projected it to be the first company to reach a $4 trillion market cap. Yet, that has go...