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While the cryptocurrency market continues to run the marathon, the aspect of the worldwide adoption of the blockchain space has also become promising exponentially in recent times. One of the major contributors who worked on encryption is Ripple, pushing XRP forward using it through the services provided by RippleNet.
Cebuana Lhuillier is one of these actors in the industry who decided to use RippleNet products to advance their services technologically. It is a pawn shop based on the Philippines and the signature brand of the PJ Lhuillier group of companies.
Recently, Ripple also published his report on all the discoveries of 2018. Here, the company showed its focus on adoption, markets and the regulatory framework. Ripple executives believe that the ASEAN region has progressed and is far ahead of regulatory bodies in the United States in terms of regulatory clarity regarding cryptocurrency and blockchain space.
After collaborating with Ripple, Cebuana Lhuillier became the first company in the micro financial services industry to use blockchain technology in its services.
Jean Henri Lhuillier, Chief Executive Officer and President of Cebuana Lhuillier also commented on the company's move to collaborate with Ripple. He said:
"The use of xCurrent will improve the efficiency of how we provide services to our customers, which will also highlight the commitment of Cebuana Lhuillier to further innovate and evolve, true to our best-in-class reputation in our industry. "
On the market front, XRP showed an immense correlation with the price of Bitcoin [BTC]. While the re-cryptocurrency hit $ 4000, all the other altcoins followed the lead and welcomed the bull. XRP, having no exception, is close to hitting the $ 0.4 goal.
At the time of writing, XRP was trading at $ 0.36 with a market capitalization of $ 14.8 billion. The 24-hour trading volume was registered at 742 million dollars.
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