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There are two things people are more interested in when it comes to Ripple (XRP). Either they are looking for the analysis of money prices, or they want to know if the software company (Ripple) has announced something new. In this article is the trend of the digital currency market.
Ripple has always made its goal known to the public, making payments cheap, fast and efficient. Thus, Ripple technology has been adopted by many financial institutions. It is the diligent effort of the company that has helped establish the XRP token as one of the most important altcoins in the world. However, the XRP is only part of Ripple's technology. The company still has other protocols applicable in fintech. It is no wonder that many great players in the industry have given the thumbs up to the company for its excellent technology. The most recent applause was from American Express.
American Express showers praise the ripple
A few days ago, during the Wings of Change conference in Europe, Carlos Carriedo, director general of corporate payments at American Express, said that Ripple's technology has the potential to radically change the way cross-border payments work. In his words:
"Blockchain technology is a good option we are considering, so you will understand that we have already invested in a blockchain-based fintech lab so that we can understand how to make better use of technology." We hosted a pilot and tested the project locally with Santander and Ripple We already know that traditional cross-border payments are generally slow and complex, but during the test, our customers were able to make transparent and cross-border transfers without interruption.
Ripple Price Today: current price of XP
Ripple (XRP) Price analysis
The digital currency continued its downward movement, but began to correct later. The performance of Ripple (XRP) is in line with the overall performance of the digital currency market.
A lot of digital currencies have started the day in red, showing losses in the last twenty-four hours. Nevertheless, most of the coins that were deep this morning managed to find their way into the green territory. But will the gains last? The digital currency market does not close, so it is possible that the digital currency returns to red.
Ripple takeaway price
This week it will be crucial to keep the digital currency in check. There may be more information from the US SEC about whether or not XRP is a security, and this should have a significant effect on the value of the currency – good or good.
