Artificial Intelligence
HeartFlow Appoints Dr. Wayne J. Riley to its Board of Directors
REDWOOD CITY, Calif., Nov. 15, 2021 (GLOBE NEWSWIRE) — HeartFlow, Inc., the leader in revolutionizing precision heart care, today announced the appointment of Wayne J. Riley, MD, to its Board of Directors.
“We are very honored to have Dr. Riley join HeartFlow’s Board of Directors,” said William C. Weldon, Chairman of the Board of Directors, HeartFlow. “His extensive background in clinical medicine, healthcare and healthcare management will prove to be invaluable as we continue to transform the patient experience in coronary care by advancing our unique AI-enabled HeartFlow Analysis.”
Dr. Riley is the President of the State University of New York (SUNY), Downstate Health Sciences University where he also holds academic rank as Professor of Internal Medicine and of Health Policy & Management. Dr. Riley is a Commissioner of the U.S. Medicare Payment Advisory Commission (MedPAC), Chair of the Board of Directors of the New York Academy of Medicine, President Emeritus of the 150,000-member American College of Physicians, which is the nation’s largest medical specialty organization, and an elected member of the prestigious National Academy of Medicine. From January 2007 until July 2013, Dr. Riley was the 10th President and Chief Executive Officer of Meharry Medical College. Prior, he served as a corporate officer and member of the senior management team as the Vice-President and Vice Dean for Health Affairs and Governmental Relations and Associate Professor of Internal Medicine at the Baylor College of Medicine in Houston, Texas.
Dr. Riley is an Independent Director of HCA Healthcare, Inc., where he Chairs the Patient Safety & Quality Committee and is a member of the Audit & Compliance and Nominating & Corporate Governance Committees. Additionally, he is an independent director of Compass Pathways, plc, where he serves on the Compensation and Leadership Development and Nominating and Corporate Governance Committees. Dr. Riley previously served as an Independent Director of Vertex Pharmaceuticals and Pinnacle Financial Partners, a community bank holding company, and was a director of the Nashville Branch Bank Board of Directors of the Federal Reserve Bank of Atlanta.
“I am incredibly pleased to serve on the Board of Directors for HeartFlow, especially during this exciting phase of growth,” said Dr. Riley. “The HeartFlow FFRct Analysis is truly revolutionary, and I look forward to working with the Board and management team to democratize and advance access to this incredible technology for all heart disease patients.”
Dr. Riley earned a Bachelor of Arts from Yale University; a Master of Public Health in Health Systems Management from Tulane University School of Public Health & Tropical Medicine; an MD from the Morehouse School of Medicine and an MBA from Rice University’s Jesse H. Jones Graduate School of Business.
About the HeartFlow FFRct Analysis
Starting with a standard coronary computed tomography angiogram (CTA), the HeartFlow Analysis leverages algorithms trained using deep learning (a form of AI) and highly trained analysts to create a digital, personalized 3D model of the heart. The HeartFlow Analysis then uses powerful computer algorithms to solve millions of complex equations to simulate blood flow and provides FFRct values along the coronary arteries. This information is used by physicians in evaluating the impact a blockage may be having on blood flow and determine the optimal course of treatment for each patient. A positive FFRct value (≤0.80) indicates that a coronary blockage is impeding blood flow to the heart muscle to a degree which may warrant invasive management.
Data demonstrating the safety, efficacy and cost-effectiveness of the HeartFlow Analysis have been published in more than 500 peer-reviewed publications, including long-term data out to five years. The HeartFlow Analysis offers the highest diagnostic performance available from a non-invasive test.1 To date, clinicians around the world have used the HeartFlow Analysis for more than 100,000 patients to aid in the diagnosis of heart disease.
About HeartFlow
HeartFlow is the leader in revolutionizing precision heart care, uniquely combining human ingenuity with advanced technology. HeartFlow’s non-invasive HeartFlow FFRct Analysis leverages artificial intelligence to create a personalized three-dimensional model of the heart. Clinicians can use this model to evaluate the impact a blockage has on blood flow and determine the best treatment for patients. HeartFlow’s technology is reflective of our Silicon Valley roots and incorporates over two decades of scientific evidence with the latest advances in artificial intelligence. The HeartFlow FFRct Analysis is commercially available in the United States, UK, Canada, Europe and Japan. For more information, visit www.heartflow.com.
Important Information about the Business Combination and Where to Find It
In connection with the proposed Business Combination pursuant to the business combination agreement, dated as of July 15, 2021 (as amended, the “Business Combination Agreement”), by and among Longview Acquisition Corp. II (“Longview”), HF Halo Merger Sub, Inc. and HeartFlow Holding, Inc., the parent company of HeartFlow, Inc., Longview has filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (the “Registration Statement”), which includes a preliminary proxy statement/prospectus and, as amended, will include a definitive proxy statement/prospectus, and certain other related documents, which will be both the proxy statement to be distributed to holders of shares of Longview’s common stock in connection with Longview’s solicitation of proxies for the vote by Longview’s stockholders with respect to the Business Combination and other matters as may be described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities of Longview to be issued in the Business Combination. Longview’s stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus included in the Registration Statement and the amendments thereto and the definitive proxy statement/prospectus, as well as other documents filed with the SEC in connection with the proposed Business Combination, as these materials will contain important information about the parties to the Business Combination Agreement, Longview and the proposed Business Combination. After the Registration Statement is declared effective, the definitive proxy statement/prospectus and other relevant materials for the proposed Business Combination will be mailed to stockholders of Longview as of a record date to be established for voting on the proposed Business Combination and other matters as may be described in the Registration Statement. Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s web site at www.sec.gov, or by directing a request to: Longview Acquisition Corp. II, 767 Fifth Avenue, 44th Floor, New York, NY 10153, Attention: Mark Horowitz, Chief Financial Officer or to [email protected].
Participants in the Solicitation
Longview and its directors and executive officers may be deemed participants in the solicitation of proxies from Longview’s stockholders with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests in Longview is contained in the Registration Statement for the Business Combination and is available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to Longview Acquisition Corp. II, 767 Fifth Avenue, 44th Floor, New York, NY 10153, Attention: Mark Horowitz, Chief Financial Officer or to [email protected]. Additional information regarding the interests of such participants is contained in the Registration Statement.
HeartFlow and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Longview in connection with the Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination is contained in the Registration Statement.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. HeartFlow’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “indicate,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, HeartFlow’s statements regarding the anticipated Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Longview’s and HeartFlow’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability of Longview and HeartFlow prior to the Business Combination, and the combined company following the Business Combination, to meet the closing conditions in the Business Combination Agreement, including due to failure to obtain approval of the stockholders of Longview and HeartFlow or certain regulatory approvals, or failure to satisfy other conditions to closing in the Business Combination Agreement; (2) the occurrence of any event, change or other circumstances, including the outcome of any legal proceedings that may be instituted against Longview and HeartFlow following the announcement of the Business Combination Agreement and the transactions contemplated therein, that could give rise to the termination of the Business Combination Agreement or could otherwise cause the transactions contemplated therein to fail to close; (3) the inability to obtain or maintain a stock exchange listing of the combined company’s Class A common stock, as applicable, following the Business Combination; (4) the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination; (5) the inability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition and the ability of the combined company to grow and manage growth profitably and retain its key employees; (6) costs related to the Business Combination; (7) changes in applicable laws or regulations or the healthcare industry; (8) the inability of the combined company to raise financing in the future; (9) the success, cost and timing of HeartFlow’s and the combined company’s product development activities, including market adoption of their current and future products; (10) the inability of HeartFlow or the combined company to obtain and maintain regulatory approval for their current and future products, and any related restrictions and limitations of any approved product; (11) the inability of HeartFlow or the combined company to build effective sales and marketing capabilities to support the combined company’s growth strategy; (12) the inability of HeartFlow or the combined company to maintain HeartFlow’s existing customer, license, and collaboration agreements, and arrangements with commercial and government payers; (13) future changes in clinical guidelines, or the timing of increased adoption and use, if any, of HeartFlow’s products as a result of the publication of positive clinical guidelines that support the use of HeartFlow’s and the combined company’s products; (14) the inability of HeartFlow or the combined company to compete with other companies marketing or engaged in the development of products that aid physicians in the evaluation and treatment of coronary artery disease; (15) the size and growth potential of the markets for HeartFlow’s and the combined company’s products, and each of their ability to serve those markets, either alone or in partnership with others; (16) the pricing of HeartFlow’s and the combined company’s products and reimbursement for medical procedures conducted using HeartFlow’s and the combined company’s products, including future changes to or reductions in reimbursement and payment rates; (17) HeartFlow’s and the combined company’s estimates regarding expenses, future revenue, capital requirements and needs for additional financing; (18) HeartFlow’s and the combined company’s financial performance; (19) the impact of COVID-19 on HeartFlow’s business and/or the ability of the parties to complete the Business Combination; and (20) other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Business Combination, including those under “Risk Factors” in the Registration Statement, and in Longview’s other filings with the SEC.
The foregoing list of factors is not exclusive. and investors should not place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither HeartFlow nor Longview undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended.
Contact
For Investors:
Leigh Salvo or Jack Droogan
Gilmartin Group
[email protected]
For Media:
Jennie Kim
HeartFlow
[email protected]
- Driessen, R., et al. J Am Coll Cardiol. 2019;73(2),161-73
Sustainability is a focus for global CIOs, with the majority investing in environmental initiatives and technologies, according to Logicalis’ 10th annual CIO report96% of CIOs say their function is involved in their company’s overall sustainability planning and target-setting90% believe it’s important to assess the sustainability credentials of new suppliersLONDON, July 2, 2024 /PRNewswire/ — Logicalis, the leading global technology service provider, reveals sustainability is a key priority for tech leaders in 2024. According to its tenth annual CIO Report, which surveyed over 1,000 CIOs globally, almost all (92%) CIOs are investing in sustainability initiatives or technologies this year.
In the face of global economic uncertainty, the commitment to the green agenda among CIOs stands resolute with CIOs at the heart of their organisation’s sustainability strategy. 96% of tech leaders said that they are already involved in their company’s overall sustainability planning and target setting, and 93% said that they believe IT is core to successfully delivering on their organisation’s environmental objectives. An overwhelming 90% also said that they assess the sustainability credentials of new suppliers before working with them.
Sustainability continues to be recognised as a necessary investment by businesses, as it not only benefits the environment but also reduces energy consumption and operational costs. However, there are still stumbling blocks to overcome. Most (93%) see challenges in attaining their environmental goals, with 43% stating that collecting data distributed across the organisation is a challenge. A similar number are not completely confident that their organisation knows how its digital estate is performing against environmental goals.
Reflecting on the findings at Logicalis’ Global CIO summit in London, Bob Bailkoski, Logicalis CEO, said: “Investing in sustainability is not only the right thing to do, it’s a commercial imperative for business. We know that a reduction in carbon and energy consumption also means lower costs, and with regulations on carbon reporting becoming more stringent, prioritising sustainability now will serve CIOs well later.”
“We’re working very closely with our partners to ensure there is carbon accountability on our part in the outcomes we deliver through technology, and through visibility tools, like our Digital Fabric Platform, we’re empowering customers themselves to better manage the carbon performance of their IT estate.”
Toby Alcock, Logicalis Chief Technology Officer, said: “CIOs globally continue to face pressure when it comes to prioritising innovation, balancing costs and decreasing carbon output, but these priorities don’t have to compete. With access to good data, CIOs should be able to see where to find short and long-term gains, both environmentally and financially. What’s more, they are well-positioned to attract new customers who are looking to allocate their business to more sustainable suppliers.”
“The fact that IT is now involved in sustainability at a strategic level should ensure that any initiatives have the right infrastructure and support to succeed.”
To see the full report head to https://www.logicalis.com/cio-report
About the research
At the end of 2023, Logicalis commissioned independent market research specialist Vanson Bourne to do a survey. Vanson Bourne interviewed 1,000 Business and IT professionals across EMEA, APAC, US and South America. Only respondents with over 250 employees, with involvement in digital transformation and cloud computing within their organisations, were interviewed. The 2024 report marks the 10th consecutive year Logicalis has undertaken this study.
About Logicalis
We are Architects of Change™. We help organisations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter.
Our lifecycle services across cloud, connectivity, collaboration and security are designed to help optimise operations, reduce risk and empower employees.
As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including; reliability, user experience, security, economic performance and sustainability.
Our 7000+ ‘Architects of Change’ are based in 30 territories around the globe, helping our 10,000+ clients across a range of industry sectors, create sustainable outcomes through technology.
Logicalis has annualised revenues of $1.7 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $5.1 billion.
View original content:https://www.prnewswire.co.uk/news-releases/logicalis-2024-cio-report-sustainability-a-top-focus-for-tech-investment-302187959.html
Artificial Intelligence
Military Radar Market worth $18.4 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 2, 2024 /PRNewswire/ — The Military Radar Market is valued at USD 14.1 billion in 2024 and is projected to reach USD 18.4 billion by 2029, at a CAGR of 5.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The military radar market involves the design, manufacture, and implementation of radar systems tailored for defense and military use. These systems are employed by military forces and defense agencies to improve situational awareness, and capabilities in target detection, tracking, surveillance, and reconnaissance. A key driver of this market is the increasing need for advanced defense mechanisms amid rising global security threats, which necessitates continual upgrades to radar technologies to ensure robust national and international security.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51422570
Browse in-depth TOC on “Military Radar Market” 120 – Tables90 – Figures350 – Pages
Military Radar Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 14.1 billion
Estimated Value by 2029
$ 18.4 billion
Growth Rate
Poised to grow at a CAGR of 5.4%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Platform, Product Type, Frequency Band, Dimension and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability of radars to new jamming techniques
Key Market Opportunities
Increased Compact Radars for Anti-drones application
Key Market Drivers
Rise in Advanced Electronic Warfare and Network-Based Combat Operations
Based on the platform, the airborne segment is estimated to grow at the highest CAGR during the forecast period.
Based on the platform, the airborne segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This growth is primarily driven by the expanding use of Unmanned Aerial Vehicles (UAVs) in both military and commercial sectors. UAVs demand compact, efficient, and lightweight radar systems for various applications including surveillance, reconnaissance, border patrol, search and rescue, and commercial traffic monitoring.
Technological advancements are also contributing to this trend, with ongoing developments in radar miniaturization, reduced power consumption, and improved image resolution to enhance UAV capabilities. Additionally, global military modernization efforts are integrating more UAVs equipped with advanced radars, further stimulating this growth.
Based on the technology, the quantum radar segment is estimated to grow at the highest CAGR during the forecast period.
Based on the technology, the quantum radar segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This expected growth is primarily due to quantum radar’s capability to significantly enhance detection accuracy by utilizing quantum entanglement properties, which enables it to identify objects that conventional radars may overlook. This technology is particularly effective in environments affected by high levels of noise or equipped with stealth capabilities designed to evade traditional detection methods. The increasing prioritization of national defense and security is further driving investment in advanced radar technologies, including quantum radars. As countries modernize their military assets to address evolving security threats, quantum radar will emerge as a key component in these upgrades, with improved effectiveness in surveillance and reconnaissance operations.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period due to several key factors. This growth is driven by the increasing demand for radars that can operate effectively over shorter distances, which are essential for applications such as automotive safety systems, drone navigation, and perimeter security. These systems are valued for their ability to provide rapid response and high-resolution imaging in close proximity environments.
The rise in the adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles heavily contributes to this trend, as short-range radars are integral for functions like collision avoidance, parking assistance, and pedestrian detection. Additionally, the expanding use of drones for commercial and defense applications enhances the demand for short-range radar capabilities to navigate in complex and cluttered environments.
Based on dimension, the 4D segment is to grow with the highest CAGR in Military Radar market.
The 4D segment in the military radar market is seeing the highest CAGR due to several factors. These radars provide comprehensive situational awareness by tracking objects in three spatial dimensions plus time, crucial for early threat detection and effective decision-making in combat scenarios. Their ability to distinguish between object types reduces false alarms, while superior clutter rejection capabilities improve target tracking in complex environments. The push for modernization, coupled with advancements in computing, signal processing, and antenna design, is making 4D radars both effective and cost-efficient, leading to their rapid adoption and market growth.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=51422570
Based on regions, Europe is to grow with the highest CAGR in the Military Radar market.
Based on region the Europe market is estimated to account for highest CAGR during the forecast period. Many European militaries are prioritizing the modernization of their aging radar systems with next-generation technologies that offer better range, accuracy, and counter-threat capabilities. European defense companies are advancing radar technology, including Active Electronically Scanned Array (AESA) radars for improved target tracking and Gallium Nitride (GaN) based radars for enhanced efficiency and range. Additionally, the growing threat from drones is boosting demand for specialized radars for detecting low-altitude targets, potentially leading to sustained increases in defense budgets across Europe, thereby driving significant growth in the military radar industry from 2024 to 2029.
Key Players
The military radar companies is dominated by a few globally established players such as RTX Corporation (US), Thales (France), Lockheed Martin Corporation (US), Leonardo S.P.A (Italy), and Israel Aerospace Industries (Israel).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=51422570
Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports:
Radar Systems Market by Type (Active Radar, Passive Radar), Platform (Air, Marine, Unmanned, Land, Space), Application, Frequency Band, Component, Range, Dimension, Technology, and Region – Globa Forecast to 2026
Airborne Radars Market by Application (Defense and Security, Commercial and Civil), Waveform (FMCW, Doppler, Ultra-Wideband), Technology (Software Defined Radios, Quantum Radars, Conventional Radars), Dimension (2D, 3D, 4D), Range, Installation Type, Component, Platform and Region – Global Forecast to 2028
Aircraft Cabin Lighting Market by Light Type (Reading Lights, Ceiling & Wall, Signage, Floor Path Lighting, Lavatory Lights), Aircraft Type (Narrow Body, Wide Body, Very Large Aircraft), End-User (OEM and Aftermarket), & Region (2017-2022)
Surveillance Radars Market Size, Share & Industry Growth Analysis Report by Application (Commercial, National Security, Defense & Space), Platform (Land, Airborne, Naval, Space), Frequency Band (HF, UHF & VHF; L; S; C; X; Ku; Ka; Multi-bands), Dimension, Component, Region (2020-2025)
X-Band Radar Market by Application (Defense, Government, and Commercial), Type (Mobile, and Sea-based X-band Radar), Array (Active Electronically Scanned Array (AESA), Passive Electronically Scanned Array (PESA), and Region – Global Forecast to 2021
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/military-radar-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/military-radar.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/military-radar-market-worth-18-4-billion-by-2029—exclusive-report-by-marketsandmarkets-302187820.html
VICTORIA, Seychelles, July 2, 2024 /PRNewswire/ — Ripple, developers of top 10 coin XRP, along with the leading cryptocurrency exchange Bitrue, have recently released a new promotional video highlighting the history of support that Bitrue has shown towards the XRPL community.
This short video, filmed at Paris Blockchain Week in April of 2024, details Bitrue’s involvement in the XRP ecosystem since its launch in 2018. The messaging is delivered by Shruti Kohli, Bitrue’s Global Head of Business Development, and touches on Bitrue’s future plans for the coin.
In the present time support for the coin is growing, not only amid the wider cryptocurrency community but also from Bitrue directly. New tokens that launch on the exchange are often paired with XRP for trading, allowing token developers to directly tap into the XRP community while simultaneously increasing the direct utility of XRP. XRP is also included in all current features on Bitrue, including staking, loans, futures trading, and more.
The exchange has additionally launched an exclusive new staking opportunity celebrating the release of this promotional video. For a limited time only, all users are able to stake their XRP with Bitrue to receive 7% APY over a 7 day period. New users to the exchange also have an additional opportunity in the form of a 50% APY staking option over a 3 day lockup period. Users are encouraged to head to Bitrue.com today to participate.
XRP remains the #1 focus of the exchange, with several projects building on the XRP Ledger set to launch on the exchange within the upcoming months.
Since its launch in 2018, Bitrue has been on a remarkable journey, always championing the utility and adoption of XRP. What follows is a short history of how Bitrue has been at the forefront of driving support for XRP, fostering innovation, and standing strong during challenging times.
2018: Embracing XRP’s Potential
In July 2018, Bitrue was one of the first centralized cryptocurrency exchanges to list XRP, recognizing its immense potential when others overlooked it. They immediately elevated XRP to one of their Top 4 base currencies, allowing users to trade dozens of altcoins directly with XRP as a base. The response was overwhelming, with hundreds of thousands of XRP holders finding solace in Bitrue’s unwavering support. Moreover, users have been enjoying 0 withdrawal fees for XRP on Bitrue since then.
In addition, Bitrue also became the first exchange to list XRP as its base currency. Today, Bitrue is still the only exchange that lists XRP as a base currency, with dozens of XRP-based trading pairs.
Later in 2018, Bitrue proudly introduced the investment tool Power Piggy, offering XRP holders a passive income instrument. Moreover, they were among the first to offer a passive income instrument for XRP Holders, Power Piggy, making it part of the initial batch of tokens eligible for investment.
2019: Pioneering Innovative Features
Throughout 2019, Bitrue continued to prioritize XRP in all newly launched features. They launched a low-interest crypto lending platform, becoming the first exchange to provide XRP-collateralized lending services for the XRP community.
Furthermore, Bitrue has taken a significant step by running a UNL XRPL validator, demonstrating a strong dedication to the growth of the XRP ecosystem. This validator is part of the Unique Node List (UNL), a compilation of validators that network participants, including servers, trust not to engage in fraudulent activities.
Notable events during the year included Ripple’s endorsement of its partnership with Bitrue in supporting XRP adoption when Bitrue attended Ripple Swell 2019 in Singapore. Bitrue also participated in #XRPMeetupJapan as an official sponsor.
2020: Upholding Resilience in Challenging Times
In June 2020, they further solidified support for XRP by becoming the first exchange to embrace PayString, simplifying XRP addresses into an email-like format. In late 2020, many exchanges delisted XRP due to the SEC v. Ripple lawsuit. However, Bitrue stayed loyal to the XRP community, categorically refusing to delist XRP and providing continuous trading and investment opportunities for the community. Bitrue never delisted XRP, which remains true today.
2021-2023: Continued Holistic Support for the XRP Ecosystem
In January 2021, Bitrue again proved its dedication by being the first exchange to complete $FLR distribution in the form of IOUs and supporting $FLR trading. They continued to extend holistic support during the largest XRP community airdrop event in January 2023, reaffirming the commitment to the XRP community.
Since launching in 2018, Bitrue has also listed and supported XRP native tokens like CasinoCoin ($CSC), Sologenic ($SOLO), Coreum ($CORE), Equilibrium Games ($EQ), and many more. All XRP native tokens can be found listed here. Bitrue is also one of the first exchanges supporting manual relocation and recovery of missing deposits where there are missing tags or incorrect tags for the XRP community.
Today: Looking into the Future
Looking towards the future, Ripple’s recent landmark victory against the SEC is a potential turning point for the broader crypto ecosystem. It highlights the unique opportunities offered by elements like smart contracts and algorithmic currencies. Bitrue is committed to wholeheartedly supporting and actively exploring opportunities to grow in tandem with the XRP ecosystem, fostering its future endeavors and development.
Bitrue is proud to have been part of the XRP journey since 2018. As the crypto landscape evolves, they remain committed to empowering the #XRPCommunity, embracing potential opportunities, and contributing to the bright future of XRP. With XRP continuing to gain strength among the top 10 cryptocurrencies by market capitalization, they stand firm as the steadfast partner that has always prioritized the usage of XRP and supported its ecosystem. Together, let’s move forward into a world where XRP adoption and utility thrive.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans, and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available on Bitrue’s website.
Logo – https://mma.prnewswire.com/media/2385358/4792897/Bitrue_BitrueOfficial_Bitrue_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ripple-and-bitrue-drive-xrpl-community-growth-302187922.html
-
Artificial Intelligence7 days agoAI Revolution Accelerates: North American Tech Companies Lead Amid Regulatory Changes
-
Artificial Intelligence4 days ago
CO2 AI Launches First Solution to Compute Product Emissions at Scale
-
Artificial Intelligence4 days ago
Spotlight on Authentic AI: Developers Making Real Contributions Beyond AI Washing Claims
-
Artificial Intelligence4 days agoAsia Pacific View: Foreigners Looking for the Most Practical Smart Technology at the 2024 World Intelligence Expo
-
Artificial Intelligence4 days agoLucinity’s AI Innovation Recognized at Microsoft’s Prestigious Global Partner Awards 2024
-
Artificial Intelligence4 days agoHybrid Memory Cube Market Size to Grow USD 18651.2 Million by 2030 at a CAGR of 18.6% | Valuates Reports
-
Artificial Intelligence4 days ago
Learning Pool Recognized with Two Industry Awards for Innovation and Product Excellence
-
Artificial Intelligence4 days ago
North American grocery retailer digitizes stores with Pricer Plaza in 90 MSEK order
