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The XRP is moving forward in terms of trade support. The cryptocurrency was recently announced to be listed on PLAAK for the exchange of cryptocurrencies and support for use in Cryptopay, a supplier of wallet and cryptocurrency card.
PLAAK is an online platform that provides blockchain related services. These include services such as cryptocurrency trading, the search for freelance jobs and access to private health insurances and medical records.
Presumably, these will be integrated with services payable in cryptocurrencies such as an e-market, payroll and health care.
The pairs introduced in the exchange part of the platform are XRP / Austrailian Dollar [AUD] XRP / Bitcoin [BTC] XRP / Ethereum [ETH] and XRP / PLK, PLAAK native token. The move to add XRP as a means of paying for this type of services will allow a leap forward in adoption.
The criptopay, on the other hand, is a supplier of wallet and cryptocurrency. It allows its users to manage the BTC by converting various legal currencies such as the US dollar [USD] the euro [EUR] and the British pounds [GBP]. Users can also send funds to other portfolios and withdraw at ATMs via the Cryptopay card.
The platform currently offers these services for Bitcoin [BTC] Litecoin [LTC] and now XRP. With over 120,000 cards issued and over 910,000 registered users, the addition of XRP on the platform will allow new people to use it as if they were using the currency.
1 month price chart for XRP | Source: CoinMarketCap
However, this adoption step has come late for the third largest cryptocurrency, since the market is currently undergoing a bear attack. Almost all major cryptocurrencies have double-digit losses, with Bitcoin being the only exception with a 6% loss. The market is fading in red as a result of multiple sales.
A combination of many factors has now brought XRP to the lowest price of 2018. At a price of $ 0.26, XRP is seeing lows after its highs before this closing month at $ 0 , 45.
The XRP token hit the highs in July above the $ 0.50 mark, hitting $ 0.51 on July 18th. A steady decline followed, however, until the next minor peak at $ 0.45 on August 1st. The token started to fall on August 7, falling from a price of $ 0.41 to $ 0.33.
It went down further, as it fell below the resistance of $ 0.30 on August 12th. The next price of rest of the coin was $ 0.26 on August 13th. The XRP is currently trading at $ 0.26, with a decline of over 24 hours of around 13%.
