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XRP Healthcare Halts New Staking of XRPH Token to Preserve Finite Supply, Shifts Focus to Real-World Healthcare Ventures

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DUBAI, UAE, July 23, 2024 /PRNewswire/ — XRP Healthcare, a pioneering company integrating blockchain technology with healthcare services, has announced the cessation of new staking activities for its XRPH token. This strategic move aims to safeguard the finite supply of the token, which was black-holed following its initial issuance of 100 million tokens in September 2022. However, staking will continue for those who have already staked XRPH tokens until their term has expired, but no new staking contracts will be offered starting today.

In cryptocurrency terms, “black-holing” refers to the process of rendering a certain quantity of tokens unspendable by sending them to an address from which they cannot be retrieved. This ensures that no new tokens can be created or accessed, effectively capping the supply permanently. For XRP Healthcare, this means the total number of XRPH tokens in circulation will always remain at 100 million, emphasizing scarcity and potential value retention for token holders.

Since its inception, XRP Healthcare has been dedicated to revolutionizing healthcare delivery by leveraging blockchain technology. The company made a significant impact with its official launch at the Sologenic meet-up event in November 2022, marking the beginning of its journey to integrate blockchain with real-world healthcare solutions. Following the event, XRP Healthcare quickly shifted operations to the UAE to benefit from the region’s crypto-friendly legislation, providing a supportive environment for its innovative ventures.

The decision to halt new staking reflects XRP Healthcare’s commitment to shifting its focus from purely digital token-based activities to substantial real-world healthcare business operations. The company is rapidly expanding its presence and influence within the healthcare sector in Africa, transitioning into a formidable force dedicated to improving healthcare services across the continent.

XRP Healthcare’s strategy involves the mergers and acquisitions of already profitable private healthcare facilities, including pharmacies, medical centres, and hospitals. This approach not only enhances the company’s portfolio but also aims to elevate the quality of healthcare facilities, services, and the delivery of medication and support to communities in need.

Whitney Lynn, Chairman of XRP Healthcare, added, “Our finite token supply, secured through black-holing, underscores our commitment to creating enduring value for our stakeholders. As we pivot our focus towards real-world applications, especially in Uganda, we are dedicated to improving healthcare delivery through strategic investments in pharmacies, medical centres, and hospitals. This approach not only strengthens our business model but also makes a significant positive impact on global health.”

Laban Roomes, Business Development Officer at XRP Healthcare, stated, “Halting new staking of the XRPH token is a crucial step to ensure the long-term value and scarcity of our tokens. This decision allows us to concentrate on impactful mergers and acquisitions, particularly in Uganda, where we are laying the groundwork to transform healthcare facilities and services. Our aim is to bring sustainable and high-quality healthcare solutions to communities that need them the most.”

“We are excited to take this significant step forward in our business strategy,” said Kain Roomes CEO at XRP Healthcare. “Our decision to halt new staking of the XRPH token is rooted in our commitment to preserving its value and focusing our efforts on tangible, impactful healthcare initiatives. By investing in and improving existing healthcare facilities, we are dedicated to providing better services and support to underserved populations, particularly in Africa.”

In line with its expansion and brand protection strategy, XRP Healthcare has recently safeguarded its brand by Trademarking the XRP Healthcare logo in the UAE, following successful registrations in the United Kingdom and Uganda. This move further positions the company for increased revenue streams through licensing and brand protection, enhancing its global presence and market reach.

As XRP Healthcare continues to grow and evolve, the company remains committed to its mission of enhancing healthcare delivery and making a positive impact on global health. The cessation of new staking activities is a testament to the company’s strategic shift towards real-world applications and its dedication to sustainable growth and development in the healthcare sector.

About XRP Healthcare:

XRP Healthcare is a Dubai-based company at the forefront of integrating blockchain technology with healthcare services. With a focus on the African market, XRP Healthcare is committed to improving healthcare delivery through strategic mergers and acquisitions of private healthcare facilities. The company aims to enhance the quality of healthcare services and provide better access to medication and support for communities in need. To facilitate access to XRPH tokens and other services, the XRPH Wallet can be downloaded from Google Play or the iOS App Store via the following links:

https://apps.apple.com/gb/app/xrph-wallet/id6451218628

https://play.google.com/store/apps/details?id=com.xrphwallet

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SOURCE XRP Healthcare

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Addverb partners with Infineon Technologies AG to deploy BLE safety in robotic fleet

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IRVINE, Calif., May 27, 2025 /CNW/ — Addverb, a global leader in industrial robotics and warehouse automation, announced its partnership with Infineon Technologies AG, a global leader in power systems and IoT. This strategic partnership incorporates Bluetooth® Low Energy (BLE)-based communication systems into Addverb’s robotic fleet to address critical safety concerns. It demonstrates Addverb’s commitment to enhancing safety protocols and developing scalable robotics capabilities, fostering an adaptable ecosystem that meets global standards. 

Addverb has implemented the upgraded solution across Zippy 10 robots in active warehouse environments. These solutions enable safety protocols beyond standard Wi-Fi infrastructure, with a BLE-powered emergency stop system that deactivates robots in sensitive situations within seconds to prevent pitfalls. The deployment also includes a remote power cut-off feature, enabling centralized power management for large robotic fleets without manual intervention. 

Sangeet Kumar, Co-founder and CEO of Addverb, said, “Our collaboration with Infineon Technologies marks a pivotal step in Addverb’s pursuit of delivering intelligent, connected automation for the global supply chain. The reliability of BLE overcomes critical constraints we have observed with Wi-Fi in warehouses-especially in safety scenarios where every millisecond matters. This collaboration allows us to co-create innovations that set new standards for safety and performance in connected automation. We are confident that these innovations will qualify us to build a robust foundation of a reliable and safe automative solutions for our partners.” 

Shantanu Bhalerao, Vice President, Wireless Product Line at Infineon Technologies, added, “We are pleased to collaborate with Addverb in advancing safety and connectivity in industrial robotics. This partnership not only enables the integration of our advanced Bluetooth low-energy technology into real-world automation scenarios but also reinforces our commitment to delivering robust, industrial-grade connectivity solutions. Through close cooperation with Addverb’s engineering team, we are able to align our product development—such as the upcoming AIROC™ CYW20829 Bluetooth LE MCU module—with the evolving demands of large-scale robotic applications.”

Watch the full video here: https://youtu.be/ap2G4i08XOw?si=5OedpvUuBuX5Yc6F

Founded in 2016, Addverb offers AI-enabled fixed and flexible automation solutions, helping clients achieve new levels of efficiency, reliability, and revenue. Our AI-driven solutions and software are tailored for the global E-Commerce, Warehouse Distribution, and Manufacturing industries. Addverb maintains multiple offices and client locations in North America, with headquarters in Irvine, California, and satellite offices across the United States. For more information, visit www.addverb.com.

Photo: https://mma.prnewswire.com/media/2693163/Addverb_Infineon.jpg
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SOURCE Addverb

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BMO Ranked First in EMARKETER’s 2025 Canada Mobile Banking Features Benchmark

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TORONTO, May 27, 2025 /CNW/ – BMO today announced it ranked first in EMARKETER’s 2025 Canada Mobile Banking Features Benchmark for the second consecutive year. The recognition reflects BMO’s leadership in digitally-enabled, customer-focused solutions with its Mobile Banking app, achieving top rankings in categories including account management, alerts, digital money management, and security.

This recognition demonstrates the ongoing success of BMO’s Digital First journey and builds on the bank’s strong track record of industry recognition.

“This recognition is a testament to our commitment to create innovative digital experiences to meet our customers where they are and support their financial journey,” said Peter Poon, Head, Digital Self-Service, Innovation and Technology, BMO. “Our strategy continues to be guided by a focus on helping customers make real financial progress.”

EMARKETER’s 2025 Canada Mobile Banking Features Benchmark is a ranking of leading Canadian financial institutions based on mobile banking service capabilities, weighted by customer demand on 42 features across six categories.

BMO has maintained its position as a market leader among the six categories including Account Management, Alerts, and Digital Money Management categories; the bank also ranked first in Security for the first time.

For more information about EMARKETER’s 2025 Canada Mobile Banking Features Benchmark, please visit: www.emarketer.com/content/canada-mobile-banking-emerging-features-benchmark-2025

For more information on BMO’s tools and resources available to help customers set, track, and manage their personal finances, please visit: www.bmo.com/main/personal/ 

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

SOURCE BMO Financial Group

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EY US unveils David Erickson of Forward Networks as an Entrepreneur Of The Year® 2025 Bay Area Award finalist

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Entrepreneur Of The Year celebrates ambitious entrepreneurs who are shaping the future

SANTA CLARA, Calif., May 27, 2025 /PRNewswire/ — Ernst & Young LLP (EY US) announced the finalists for the prestigious Entrepreneur Of The Year 2025 Bay Area Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors bold entrepreneurs whose innovations shape the future and pave the way for a thriving economy and a hopeful tomorrow.

An independent panel of judges selected David Erickson among 33 finalists for their entrepreneurial spirit, purpose, growth and lasting impact in building long-term value.

In reflecting on this recognition, Erickson said: “Bringing Forward Networks from a concept to a company trusted by some of the world’s largest enterprises and government agencies—where data security is critical—has been a journey more than a decade in the making. Being named an EY Entrepreneur Of The Year® Finalist is a true honor. For decades, this award has recognized business leaders whose companies have disrupted industries and created entirely new product categories. Being part of that legacy is a meaningful validation of the work my co-founders, our employees, and I have done to drive real, positive change.'”

Entrepreneur Of The Year honors business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future.

Regional award winners will be announced on Friday, June 13 during a special celebration in San Francisco and will become lifetime members of an esteemed community of Entrepreneur Of The Year alumni from around the world. The winners will then be considered by the National judges for the Entrepreneur Of The Year National Awards, which will be presented in November at the annual Strategic Growth Forum®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies.

Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, LLC, Marsh USA and SAP. In the Bay Area, sponsors include platinum sponsor: DLA Piper, gold sponsor: ADP and silver sponsor: Big Picture.

About Entrepreneur Of The Year

Founded in 1986, Entrepreneur Of The Year has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries globally.

The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum® in November where National finalists and award winners are announced. The overall National winner represents the US at the EY World Entrepreneur Of The Year™ competition. Visit ey.com/us/eoy.

About EY
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.

EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

About Forward Networks 
Forward Networks is revolutionizing the way large networks are managed. Forward’s advanced software delivers a digital twin of the network, enabling network operators to ensure the network is secure, reliable, and agile. The platform supports devices from all major networking vendors and cloud operators, including AWS, Azure, and Google Cloud Platform. Forward Networks was founded in 2013 by four Stanford Ph.D. graduates and is headquartered in Santa Clara, California. Investors include MSD Partners, Goldman Sachs, Andreessen Horowitz, Threshold Ventures, Section 32, Omega Venture Partners, and A. Capital. For more information, visit www.forwardnetworks.com.

Dawn Slusher
Forward Networks
dawnslusher@forwardnetworks.com

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SOURCE Forward Networks, Inc.

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