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Ripple has made great moves that are meant to give XRP the impetus of a lifetime. Unfortunately, pressure on the bear market is too high to allow XRP to get the price increase it needs. However, the XRP token can be positioned for a bull run that would last long term. For beginners, Ripple Labs and R3 Consortium solved their dispute a few months ago. This gave both parties the opportunity to propose innovative ideas for the blockchain. Thanks to their unity, XRP will soon be used on Corda Settler, a decentralized payment application.
XRP Set To Reach The Moon With Settler Rope
Being used on Corda Settler is an honor and XRP is the first cryptocurrency to enjoy this honor. Although the settlement platform is not yet in use, it offers extraordinary features that will surely attract users as soon as they are live.
Richard Gendal Brown, CTO of R3, said this about the partnership:
"The fact that Corda Settler is launched and XRP will be its first settlement mechanism is a great way to show how the blockchain industry can work together to promote innovation."
The Corda Steller network is built to allow an extraordinary flexibility of payment. Recent media reports show that Corda Settler will allow payments to be settled on its blockchain by different payment lines. This includes cryptocurrency and traditional payment tracks. Once a payment is tagged as a success, the blockchain will be updated automatically. The use of XRP will make this payment solution one of the few that will bridge the gap between traditional infrastructure and cryptocurrency. This platform could lead to a new era of payment for the world.
What else is happening with XRP?
The XRP has proven to be a strong and promising cryptocurrency. During the course of this year, he struggled to take the place of Ethereum in the list of the major cryptocurrencies of CoinMarketCap. In the end, he succeeded and became the second largest cryptocurrency by market capitalization. XRP is now the second most valuable cryptocurrency and has the potential to become the most precious cryptocurrency in the world.
Brown has stated that the company between R3 Consortium and Ripple Labs will promote mass adoption and the acceptance of the use of digital currencies for the transfer of value and the execution of payments.
Price XRP (XRP) today – XRP / USD
XRP is set to take the lead in this sense because unlike ETH and BTC, Ripple has established strong relationships with some of the world's largest financial players. The market may seem terrible right now, but this is when it offers most of the opportunities. It is true that the price of XRP is falling along with the entire sector, but XRP has surprising fundamentals. So, if you are thinking of buying any cryptocurrency, XRP should be your number one choice. It is set for a long-term bull run that will start as soon as the bears run out.
At the time of writing, XRP was trading at $ 0.303652 on CoinMarketCapital. This shows that it is down 1.53% from the USD and up 0.34% from ETH. During the war with the BCH Fork, when XRP took the second position from Ethereum, the market capitalization reached $ 20 billion. At the moment, it is at $ 12,427,570.370. The trading volume over a 24-hour period is $ 362,843,507.
