by | Jun 4, 2025 | Business
Peak communications consumer body ACCAN has expressed concern following today’s news that Telstra has been fined for failing to maintain access for more than 12 hours to the 106 emergency call service used by Australians with hearing and speech impairments.This represents a critical failure in Telstra’s duty as the nation’s designated emergency service call provider and falls well short of the standard the public expects from Australia’s largest telecommunications company.ACCAN CEO Carol Bennett said that the incident must be treated as a warning sign—and a call to action to modernise Australia’s emergency call infrastructure.“People with hearing impairments rely on the 106 service as their lifeline to emergency assistance. When this fails, their safety is at risk,” Ms Bennett said.“We are fortunate that no one was harmed during this outage—but relying on luck is not a public safety strategy. This should be treated as a near-miss and a wake-up call.”“We thank Telstra for committing to an independent review of what went wrong and look forward to hearing how systems and processes will be strengthened to prevent a recurrence.”“This incident underscores the urgent need to modernise Australia’s emergency services. Text-to-Triple-Zero is already in place in many countries. Australia must not fall further behind.”“With new technologies such as SMS via low-earth orbit satellite becoming available, the time to implement accessible, resilient emergency communication is now,” Ms Bennett said.ACCAN continues to call on the Federal Government to prioritise investment in a ‘Next Generation Triple Zero’ system to ensure all Australians—regardless of location or accessibility needs—can reach emergency services reliably, at any time.
by | Jun 4, 2025 | Business
Manila, Philippines – June 4, 2025 — In the ever-evolving landscape of online gambling, Filipino players are seeking platforms that offer reliability, a diverse game selection, and seamless transactions. Among the myriad of options, 7XMhas emerged as a leading choice for many.
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by | Jun 4, 2025 | Business
Ripple secures DFSA approval for RLUSD stablecoin in Dubai, marking a major step in its global expansion. Discover what this means for XRP, cross-border payments, and the UAE’s growing fintech hub.
In a pivotal development for global fintech and blockchain infrastructure, Ripple has secured regulatory approval for its enterprise-grade stablecoin, RLUSD, from the Dubai Financial Services Authority (DFSA).
The move marks a significant milestone in Ripple’s expansion strategy and highlights Dubai’s growing role as a global hub for compliant digital asset innovation.
RLUSD Officially Approved for Use Within DIFC
Ripple announced on June 3 that RLUSD has been designated as a recognized crypto token by the DFSA for use within the Dubai International Financial Centre (DIFC), a leading financial free zone in the Middle East.
The approval allows Ripple, and other DFSA-regulated entities, to integrate RLUSD into financial products and services within the DIFC ecosystem.
RLUSD, issued under the New York Department of Financial Services (NYDFS) Trust Company Charter, is a U.S. dollar-backed stablecoin designed for institutional use.
Backed 1:1 by high-quality liquid assets, RLUSD is engineered to meet the needs of enterprise-grade payments with a focus on transparency, regulatory compliance, and operational reliability.
“This approval reinforces RLUSD’s position as a stablecoin built with regulatory compliance and transparency at its core,” Ripple said in a statement.
A Growing Fintech Ecosystem in Dubai
The authorization follows the DFSA’s earlier approval of Ripple’s native token XRP, further strengthening the firm’s footprint in the UAE.
With nearly 7,000 companies operating within the DIFC at the end of 2024, RLUSD’s recognition paves the way for its integration into a rapidly expanding fintech ecosystem.
Ripple emphasized that this step supports broader industry adoption, as other DFSA-licensed firms can now legally incorporate RLUSD into their virtual asset services. The DFSA’s progressive stance on crypto regulation is seen as a model for digital finance globally.
“The DFSA’s approval of RLUSD is proof of our commitment to building a stablecoin that meets the highest standards of trust, transparency, and utility,” said Jack McDonald, Ripple’s SVP of Stablecoins.
Enterprise Use Cases and Cross-Border Settlements
Unlike many retail-focused stablecoins designed for on-chain swaps and trading, RLUSD is tailored for institutional payments and cross-border settlements.
Ripple plans to integrate RLUSD directly into its DFSA-licensed payment platform, allowing businesses to streamline international transactions with greater speed, cost-efficiency, and transparency.
This functionality aligns with Ripple’s broader mission to modernize global finance infrastructure through blockchain-based solutions.
Strategic Partnerships and Tokenization Initiatives
The RLUSD announcement complements Ripple’s growing list of partnerships in the UAE and beyond. In the region, Ripple is actively working with:
- Zand Bank and Mamo, two fintech firms expected to adopt RLUSD early.
- Ctrl Alt and the Dubai Land Department, with whom Ripple is collaborating on real estate tokenization using the XRP Ledger.
These efforts showcase Ripple’s commitment to real-world blockchain applications, including tokenized property ownership and digital payments infrastructure.
Market Reaction: XRP Price Trends Upward
Following the news, XRP saw a notable uptick in trading activity. At press time, XRP is trading at $2.2463, marking a 2.70% increase in 24 hours.
Technical analysts highlight the token’s breakout above the $2.07 support level, eyeing a near-term target of $2.60. Increased volume, currently at $2.45 billion, reflects heightened investor interest.
Some crypto analysts, including Javon Marks, project long-term bullish scenarios with XRP price targets as high as $21, assuming Ripple continues its regulatory and technological momentum.
A Global Strategy Amid U.S. Regulatory Tensions
While Ripple gains ground abroad, it continues to face challenges in the U.S., particularly the long-running SEC lawsuit that questions whether XRP is an unregistered security.
Ripple CEO Brad Garlinghouse has consistently criticized the U.S. regulatory landscape, citing jurisdictions like Dubai as examples of proactive and business-friendly crypto regulation.
In contrast to the U.S., Dubai’s DFSA has shown openness to innovation, positioning the UAE as a desirable destination for Web3 companies seeking clear rules and institutional support.
Ripple’s Road Ahead: Bridging Trust and Utility
With RLUSD now officially approved in the DIFC, Ripple stands at the forefront of building a compliant, global digital payments network. The stablecoin’s launch under dual regulation from NYDFS and DFSA reinforces its legitimacy and appeal among institutional users.
Ripple’s expanding influence, from real estate tokenization to cross-border remittances, demonstrates how blockchain can move beyond speculation into mainstream financial infrastructure.
As the stablecoin race heats up, Ripple’s strategic moves in Dubai could serve as a blueprint for crypto firms worldwide navigating the complexities of international regulation.
Conclusion
Ripple’s RLUSD stablecoin approval by the DFSA isn’t just a regulatory checkbox, it’s a signal of growing institutional trust in compliant crypto solutions and Dubai’s emergence as a blockchain epicenter.
As Ripple integrates RLUSD into its global network, the company is well-positioned to lead the next wave of digital finance transformation, balancing innovation with transparency, and utility with compliance.
by | Jun 4, 2025 | Business
VRITIMES Philippines served as the official media partner for the 6th Village Pipol Choice Awards (VPCA) held on May 29, 2025, in Quezon City, helping to celebrate excellence across various industries. The company amplified the event’s reach through its press release distribution platform, ensuring the achievements of the awardees were effectively communicated to a wider audience.
Quezon City, Philippines – June 4, 2025 – VRITIMES Philippines proudly served as the official media partner for the 6th Village Pipol Choice Awards (VPCA), held on May 29, 2025, at The Blue Leaf Cosmopolitan in Bridgetowne, Quezon City. This prestigious event celebrated excellence across various industries, including entertainment, business, lifestyle, and technology, honoring individuals, brands, and creators who have made significant impacts in their respective fields.
As the official media partner, VRITIMES Philippines played a crucial role in amplifying the event’s reach through its innovative press release distribution platform. The platform enabled seamless creation, distribution, and analytics of press releases, ensuring that the achievements of the awardees were effectively communicated to a wider audience. This collaboration underscores VRITIMES Philippines’ commitment to supporting and promoting excellence across industries in the Philippines.
For more information about VRITIMES Philippines and its services, please visit www.vritimes.com.
by | Jun 4, 2025 | Business
VRITIMES Philippines showcased its press release distribution platform at the Sports and Fitness Expo 2025 in Manila, helping sports teams and businesses improve media outreach. The company aims to support the sports and fitness industry by streamlining communication and brand promotion.
Manila, Philippines – May 28, 2025 – VRITIMES Philippines, a leading press release distribution technology company, is proud to announce its participation in the inaugural Sports and Fitness Expo (SFE) 2025, held from May 28 to May 31 at the Rizal Memorial Sports Complex in Malate, Manila. As a premier sports and health business trade event in the country, SFE brings together key stakeholders from the sports industry, including manufacturers, distributors, retailers, professionals, service providers, and consumers.
At the VRITIMES booth, attendees can explore the company’s innovative press release distribution platform, designed to streamline the creation, distribution, and analytics of press releases. This user-friendly solution empowers businesses to enhance their media outreach and visibility, ensuring their messages reach the right audience effectively.
“We are excited to be part of the Sports and Fitness Expo 2025,” said Ronto Katsura, country manager at VRITIMES Philippines. “This event provides an excellent opportunity to showcase our platform to a diverse audience and demonstrate how our services can benefit businesses in the sports and fitness industry.”
The Sports and Fitness Expo 2025 attracted a significant number of visitors, providing an ideal platform for networking and exploring new business opportunities. With the growing interest in sports and fitness in the Philippines, VRITIMES Philippines aims to support industry stakeholders by offering solutions that facilitate effective communication and brand promotion.
For more information about VRITIMES Philippines and its services, please visit www.vritimes.com.
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