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Ripple will collaborate with TAS to solve the problems affecting the traditional payment systems by exploiting Ripple technology. This is according to an announcement made by TAS on its official website. Part of the announcement was as follows:
"Ripple is coming and TAS is completely prepared".
As we know, Ripple is a neutral settlement provider for bilateral exchange on a global network. TAS is a software solutions provider that works with many central and commercial banks in and outside Europe. The company is also an important global Fortune 500 broker. With service centers in Europe and Italy, TAS is the largest payment provider in Europe and seven other countries worldwide. Around the world, the company manages around one hundred and fifty million cards. The CEO of the company's German subsidiary, Dieter Schoene, said:
"For a while, we have been monitoring the blockchain market trend: we were the first Italian sellers to implement a Ripple driver in our interbank payment hub, which in 2014 enabled banks to evaluate and pilot the Ripple value proposition for real-time cross-border payment ".
Price XRP (XRP) today – XRP / USD
On the website, the TAS group wrote about how current payment systems are inefficient. They mentioned some of the common problems of these systems such as lack of transparency, high transaction fees, long settlement times, multiple bankruptcy points, etc.
How the partnership with TAS affects the liquidity of XRP
The partnership with TAS will give XRP a huge boost of liquidity. This is because although the partnerships that Ripple is doing are not all directly related to its native token, they still have a positive impact on it. The token is gaining ground in the sector, thanks to the liquidity boost that has enjoyed this period, as Ripple collaborates with payment platforms, lenders and portfolios to promote the XRP token.
This partnership with TAS will promote liquidity for XRP on a global scale just like other partnerships do. This will bring Ripple and XRP closer to the ultimate goal of making cross-border payments seamlessly.
Because XRP produces waves in the sector
When it comes to the rapid progress XRP is making, most of the recommendation should go to Ripple. While Ripple is independent of XRP, the company is the precursor in the promotion of XRP. However, the efficiency of the XRP register is another reason why it is making rapid progress. Keep in mind that XRP transactions are less expensive and faster than Bitcoin transactions.
The CEO of Ripple, Brad Garlinghouse, during an interview, said that XRP transactions are 1000 times faster than Bitcoin transactions. In his words:
"Yes, there is a lot of speculation about Ripple and the community of cryptocurrencies as a whole." The important thing to do now is separate from one another and we shift our focus to expanding the cases. " 39. use of the real world In terms of services, XRP is 1000 times faster and cheaper than Bitcoin. "
The CEO stated that the long-term survival of XRP will depend on these use cases. The more it is applicable in solving real-life problems, the stronger it will be.
XRP Price Analysis (XRP)
Today, XRP is traded in red against the USD and Bitcoin but is still higher than the significant support level of $ 0.50. As long as it stays above this level, there is hope of a reversal. Falling below this level, it will be more difficult for the bulls to resume the move upward. It is trading at $ 0.509116. Which means that it is down 1.70% from the USD and down 1.66% from Bitcoin. With a trading volume of $ 434,453,138, the XRP token has a market capitalization of $ 20,469,260,296.
