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Ripple (XRP) had a big month in September, adding over 100% to its price as investors cheered the news by suggesting that the world's largest banks and financial services companies could start using the XRP token directly to move money over the border.
That positive sentiment seems to have stopped, however, with the price of ripple, the informal name for the XRP token, failing to pass to the last announcement.
Ripple's CEO, Brad Garlinghouse, spoke at the TechCrunch Disrupt SF 2018 at the Moscone Center on September 5, 2018 in San Francisco, California. Photo by Steve Jennings / Getty Images for TechCrunch.
The company behind the ripple, Ripple Labs, revealed last night that it signed three companies based in the United States new xRapid service & nbsp;, allow the XRP cryptocurrency to perform international transactions in "a matter of minutes."
The three companies – the payment service providers MercuryFX and Cuallix and the financial cooperative Catalyst Corporate Credit Union – were announced by Ripple CEO, Brad Garlinghouse, on the stage of the Ripple & # 39; s Swell Conference in San Francisco.
The price of ripple dropped from recent highs of $ 0.61 from the beginning of Ripple Swell yesterday, falling to $ 0.58.
The price of the ripple (XRP) has not yet been enhanced by the news emerging from the Ripple Swell event.CoinDesk
A couple of weeks ago, Sagar Sarbhai, head of Ripple Lab's regulatory relations for the Asia-Pacific and the Middle East, teased xRapid in an interview with CNBC, drastically raising the price of ripple .
xRapid is designed to function as a bridge between different currencies around the world, allowing payment service providers and banks to process faster cross-border transactions. At the beginning of the year Garlinghouse boasted that there would be "dozens" of banks using xRapid by the end of 2019.
XRP is down 80% from its peak, as most of the major cryptocurrencies re-adjust after the huge "bull" of last year. The price of ripple rose to over $ 3 last year, up from just $ 0.006 at the start of 2017. & nbsp;
Now at just under $ 0.60 it was fighting with ethereum for the second largest market capitalization in the world of cryptography.
Meanwhile, the former US president, Bill Clinton, took to the stage during the Ripple Swell event to talk about the wonders of the blockchain, the technology that allows cryptocurrencies to function as an independent and trusted third party. .
"The more we develop new technologies like blockchain, the more we will feel the disparity of access," Reportedly, Clinton reported to Swell attendees.
The former US leader also warned that, "we could ruin everything with negative identity policies and economic and social policy," & Nbsp; adding, "the whole blockchain agreement has the potential it does only because it is applicable across national borders, income groups."
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Ripple (XRP) had a big month in September, adding over 100% to its price as investors cheered the news by suggesting that the world's largest banks and financial services companies could start using the XRP token directly to move money over the border.
That positive sentiment seems to have stopped, however, with the price of ripple, the informal name for the XRP token, failing to pass to the last announcement.
Ripple's CEO, Brad Garlinghouse, spoke at the TechCrunch Disrupt SF 2018 at the Moscone Center on September 5, 2018 in San Francisco, California. Photo by Steve Jennings / Getty Images for TechCrunch.
The company behind ripple, Ripple Labs, revealed last night that it signed three US-based companies on its new xRapid service, allowing XRP cryptocurrency to make international transactions in "a few minutes".
The three companies – the payment service providers MercuryFX and Cuallix and the financial cooperative Catalyst Corporate Credit Union – were announced by Ripple CEO, Brad Garlinghouse, on the stage of the Ripple & # 39; s Swell Conference in San Francisco.
The price of ripple dropped from recent highs of $ 0.61 from the beginning of Ripple Swell yesterday, falling to $ 0.58.
The price of the ripple (XRP) has not yet been enhanced by the news emerging from the Ripple Swell event.CoinDesk
A couple of weeks ago, Sagar Sarbhai, head of Ripple Lab's regulatory relations for the Asia-Pacific and the Middle East, teased xRapid in an interview with CNBC, drastically raising the price of ripple .
xRapid is designed to function as a bridge between different currencies around the world, allowing payment service providers and banks to process faster cross-border transactions. At the beginning of the year, Garlinghouse boasted that there would be "dozens" of banks using xRapid by the end of 2019.
XRP is down 80% from its peak while most major cryptocurrencies are readjusted after the last bull rush last year. The price of ripple rose to more than $ 3 last year, compared to only $ 0.006 in 2017.
Now, at just under $ 0.60, he fought with ethereum for the second largest market capitalization in the world of cryptography.
Meanwhile, the former US president, Bill Clinton, took to the stage during the Ripple Swell event to talk about the wonders of the blockchain, the technology that allows cryptocurrencies to function as an independent and trusted third party. .
"The more we develop new technologies like blockchain, the greater the access gap will be felt," Clinton reported to Swell participants.
The former US leader also warned that "we could ruin everything from negative identity policies and economic and social policies", adding, "the whole agreement blockchain has the potential it does only because it is applicable beyond national borders, income groups ".
