The XRP could currently move in tandem with the red market to a 24-hour loss of 1.12% to $ 0.445, but is continually expanding as it adds new exchanges and partners to its name. Given that a number of positive and bullish news in the encrypted market can not influence prices, Ripple's partnerships are not materializing in price movements. However, this adds to the network and to the value of a cryptocurrency in the long lun.
XRP: Bitcoin on steroids
Ripple is definitely expanding as reported by Ripple's chief marketing strategist, Cory Johnson,
"A year ago, Ripple was signing a new customer every six weeks, and we're signing one every six days, so it's a really dramatic difference in terms of what happened, but I think it's still so early because we're still selling it" .
He also added that XRP is a faster version of Bitcoin:
"XRP technology is Bitcoin 2.0, Bitcoin, but faster, Bitcoin, but it does not use tons of energy, Bitcoin, but it's not controlled by Chinese miners, but basically it's a digital blockchain asset that's used mainly for the movement of value ".
Expansion in Full Gear
Recently, Ripple has added a first-rate talent to his expanding team. Amir Sarhangi, who led a new wireless messaging system on Google, was recruited by Ripple as vice president of products.
Synechron, a global payment blockchain accelerator uses Ripple to reduce international and inter-bank funds transfers actions on its website, "Blockchain payment technologies like Ripple can add tremendous value to the global sphere by bringing multiple-day settlement cycles in real time, improving global currency conversion operations, improving anti-money laundering data and more . "
Also Amore Finance, a Czech startup of Fintech, has entered RippleNet. Through this partnership, the company plans to offer its customers rapid and inexpensive international payments.
Moreover, Scandinavian Individual Bank (SEB) spoke at the Sibos 2018 event on the use of Ripple DLT. At the start of this year, Ripple too reported"SEB, a large Scandinavian bank, has now processed nearly $ 1 billion in cross-border payments compared to xCurrent.
Recently, CoinDCX, an Indian exchange, has added XRP along with ETH against INR on its platform. In addition, enthusiastic Ripple, Leonidas, ri"$ XRP is one of the basic currencies on @BitInka with $ EUR, $ USD, Argentine peso $ ARS, Bolivian Bolíviano $ BOB, Brazilian Real $ BRL, Chilean Peso $ CLP, Colombian Peso $ COP and Peruvian Sol $ Engaged Couples PEN!
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.