The Saudi Arabian Monetary Authority (SAMA) is the second biggest banking institutions to adopt blockchain technology after the Bank of England.
Ripple is further expanding its footprint by collaborating with many banking as well as financial services institutions.
Ripple is downtrending mid-term as we are heading into mid February, as Dmitriy Gurkovskiy, Chief Analyst at RoboForex, says.
Santander will soon be launching a mobile app in Q1 2018 for instant payments powered with Ripple’s xCurrent technology.
Dmitriy Gurkovskiy, a senior analyst at RoboForex, shares his vision on Ripple’s future trends, thereto explaining obstacles the token faces when it comes to its wider adoption.
Both these companies are eager to use Ripple’s xRapid payments solution that is designed to provide on-demand liquidity.
Ripple’s ability to provide on-demand liquidity and instant transfer within seconds makes it one of the most preferred blockchain-based payments solution.
After its bullish run to above $800 billion, crypto markets are seen correcting by nearly 10%.
After a pathbreaking rally for three weeks continuously Ripple is seen finally correcting by over 10% with a $22 billion cut in its valuation.