Ripple will fuel blockchain payments for a global remittance company in the United Arab Emirates that moves $ 30 billion each year.
According to Reuters, the United Arab Emirates will use Ripple's technology to launch cross-border payments in Asia by the first quarter of 2019. So far, it is not known whether the company will use xCurrent or xRapid from Ripple, which uses the asset digital XRP.
The United Arab Emirates Stock Exchange is one of the oldest and largest money transfer agencies in the Middle East. It is one of a growing number of financial institutions in the region to join Ripple, including the Ras Al Khaimah National Bank and the Kuwait Finance House.
Meanwhile, expectations for a potential Bitcoin rebound on the horizon are shrinking.
As reported by MarketWatch, analyst Jani Ziedins of CrackedMarket says that Bitcoin keeps the current price longer, less likely is the arrival of a short-term increase.
"Bitcoin continues to get confused in the average range of $ 3.k The longer we maintain these levels, the less likely it becomes that prices are oversold and ready for a pop.
The public has largely written cryptocurrencies as a passing fad and there is no new money. The lack of demand will continue to be a great responsibility ".
Finally, Tron (TRX) is constantly increasing its presence in cryptocurrency exchanges worldwide.
The latest CoinMarketCap numbers show that Tron has overtaken Stellar (XLM) and is now listed in 159 crypto trades. Stellar is currently available on 157 power plants in general.
Tron Exchanges (TRX)
Stellar exchanges (XLM)
Stellar is the fourth largest cryptocurrency with a market capitalization of $ 2.08 billion, while Tron holds the number ten to $ 867 million.
Join us on Telegram
Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Check out the latest news