Categories: Ripple

‘Crypto Friday’: All Top Cryptocurrencies are Green, Ripple Leads the Pack With 45% Gains

Click here to view original web page at
Photo: Pavlos Giorkas / Flickr

The cryptocurrency market is giving every reason for investors to cheer today! The crypto market is witnessing a GREEN rainfall as bulls have finally taken the charge over the bears. Almost all of the top twenty cryptocurrencies have posted between 5-10% gains in the last 24 hours.

The cryptocurrency market has added nearly $20 billion to its overall market valuations in a single day. Currently, the crypto market cap stands at $220 billion, a 10% jump in the last 24 hours. However, its neither Bitcoin nor Ethereum driving today’s market momentum. Ripple (XRP) has outclassed all other competitors in its single-day percentage gains.

At the press time, Rippple is trading at a 50% price premium over the last day. Currently, XRP is trading at $0.53 with a market cap of over $21 billion. Ripple’s weekly charts show that XRP has gained nearly 90% at its current price.

Ripple To Launch its xRapid Payments Product Next Month

There has been a lot of positive news surrounding Ripple which is the reason for the sharp recovery in its price. Earlier this week, on Monday, a Ripple executive told CNBC that the company is set to launch its xRapid payments solution for commercial applications.

xRapid is a cryptocurrency-focused payments product helping banks to speed-up cross-border transactions using the XRP tokens. Sagar Sarbhai – Ripple’s head of regulatory relations for Asia-Pacific and the Middle East – said that the company has made significant progress in xRapid’s development. xRapid product uses XRP tokens as a bridge to facilitate faster conversion process among currencies.

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product (xRapid) live in production,” said Sarbhai.

Ripple has already made faster inroads in the global banking network with its xCurrent blockchain technology. Note that xCurrent is a separate product of the Ripple blockchain ecosystem called RippleNet, and doesn’t involve the use of XRP tokens. However, more than 120 banking and other money-transfer financial institutions have started using Ripple’s solutions.

Some of the big name from the banking sector using the xCurrent payment solution include Spain’s Banco Santander and American Express. Much recently, another American bank PNC joined the RippleNet to use the xCurrent solution for inter-bank transfers.

Ripple’s senior vice president for product management, Asheesh Birla, expressed the following opinion regarding PNC’s plans:

“I think the important thing is this is not a test. Ripple only signs production clients, so they are taking this product into production. There’s no pilot, there’s no proof-of-concept – that’s already been done. They’ve committed to [transactions] with other customers.”

Ripple’s Upcoming Swell Conference

Ripple is currently preparing itself for its upcoming Swell Conference scheduled on Oct 1-2 in San Francisco. Former U.S President Bill Clinton will be addressing a keynote including speakers from other financial institutions across the globe.

This price surge of XRP just a week before the Swell conference will certainly boost the confidence of investors.

You May Also Like

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

1 hour ago

Thai Crypto Scene Still Reeling From Top Exchange Bailout

Thailand’s vibrant digital asset scene was shaken earlier this month when its most popular exchange unexpectedly announced an imminent closure.… Read More

1 hour ago

A Blockchain-Enabled SIM Card? How This Could Change Our Mobile Experience As We Know It

Distributed, Decentralized, Disintermediating While still in its infancy with regards to proven capabilities and real-life adoption, blockchain technology remains one… Read More

1 hour ago

Blockchain privacy explained

Blockchain does not require user identification in the same way as other technologies. Unlike the Internet, where users are tracked… Read More

1 hour ago

Bitcoin mining hurts our climate

Transcript You can enable subtitles (captions) in the video playerBitcoins hold the potential to revolutionise our economy in so many… Read More

1 hour ago

Chocolate Not Drugs the Future of Bitcoin Commerce

- Tim Tams sold for BTC on Online Blockchain's new crypto marketplace site - LONDON, Sept. 17, 2019 /PRNewswire/ --… Read More

1 hour ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More