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The reason why the XRP ripple is going up
Ripple has already gained interest from a number of well-known financial institutions, including SantanderBank, Western Union, American Express, and Money Gram, just to name a few. However, these partnerships are for xCurrent, which is another product offered by Ripple. According to Ripple, over 120 banks have tested xCurrent which is a blockchain-based product.
Price XRP (XRP) today – XRP / USD
Also Bitcoin BTC has seen a positive trend recently together with Ripple XRP. Despite the general fall in the price of this year, Bitcoin itself has made progress in the internal network. Bitcoin is starting to be accepted as a payment method by a number of small-high-profile companies.
Etsy has given its traders the possibility to accept Bitcoin for handmade, vintage and unique products. Another company, Bitplaza accepts Bitcoin as payment for electronics and consumer goods through their mobile shopping app. Overstock has also made it possible to spend Bitcoin on furniture and home decor. Years ago, Bitcoin was used primarily to send payments between regular individuals, but now companies are looking at Bitcoin as a potential global currency.
Ripple XRP has outperformed the most important currencies in recent times and has just exceeded the market capitalization of Ethererum by 22 billion.
Ripple describes his xRapid product as the use of the XRP currency as a bridge between fiat currencies, banks and payment providers to accelerate the processing of cross-border transactions. This brings new utility to cryptocurrency, XRP for banks and payment providers.
The reason why the XRP ripple is going up
Ripple XRP has outperformed the most important currencies in recent times and has just exceeded the market capitalization of Ethererum by 22 billion.
Ripple has already gained interest in the number of well-known financial institutions, including Santander Bank, Western Union, American Express and Money Gram, just to name a few. However, these partnerships are for xCurrent which is another product offered by Ripple. According to Ripple, over 120 banks have tested xCurrent, a blockchain-based product.
Also Bitcoin BTC has seen a positive trend recently together with Ripple XRP. Despite the general price drop this year, the same bitcoin has made progress in the internal network. Bitcoin is starting to be accepted as a payment method by a number of small and large companies.
At the start of this year, Expedia announced a partnership that allows Expedia customers to pay for travel using bitcoins. Etsy has also given its traders the possibility to accept bitcoins for handmade, vintage and unique products. Another company, Bitplaza accepts bitcoin as payment for electronics and consumer goods through their mobile shopping app. Overstock has also made it possible to spend bitcoins for furniture and home decorations. Bitcoin was used primarily to send payments between regular individuals years ago, but now companies look at bitcoin as a potential global currency.
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