Ripple (XPR) is again gaining volatility. After yesterday’s pause and bounce-off, the sellers are hunting for Ripple today.
The Payment Request API introduced in Apple is interconnected with Ripple’s Interledger Protocol that allows easy payments across multiple ledgers.
Ripple is making a big step forward as its XRP ledger’s underlying technology has been for the first time used to create the digital currency for e-commerce.
Ripple is said to have made lucrative offers to the crypto exchanges which could have possibly ensured huge liquidity for the XRP tokens.
With a view to satisfy a huge demand for XRP, Uphold has added support for this cryptocurrency and has become one of the largest platforms to buy it.
Please, check out the technical analysis of Ripple’s (XRP) price, which is currently making around $0.66, as reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Coinbase makes it clear that it still stands by the earlier decision of the “committee of internal experts” to not add Ripple to its platform, at the moment.
The traditional cross-border payment systems may start to be driven out by the distributed ledger technologies as Woori bank considers commercializing of Ripple-based overseas remittances this year.
Ripple has collaborated with two banks and three fast-growing remittance providers who are willing to adopt the blockchain technology for instant payments at reduced costs.
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.