The Saudi Arabian Monetary Authority (SAMA) is the second biggest banking institutions to adopt blockchain technology after the Bank of England.
This is the first money transfer deal from the middle east to establish instant money transfer.
Ripple is downtrending mid-term as we are heading into mid February, as Dmitriy Gurkovskiy, Chief Analyst at RoboForex, says.
LianLian will be using Ripple’s xCurrent solution for cross-border settlements with end-to-end tracking.
Crypto markets recovers from the heavy blows and woes as CFTC and SEC chairpersons express some confidence in digital currencies.
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.
Two major cryptocurrencies show the signs of recovery after last-week’s market crashdown. The third largest, Ripple, also gains pace with 68% growth.
Ripple’s ability to provide on-demand liquidity and instant transfer within seconds makes it one of the most preferred blockchain-based payments solution.
Analysis of current situation on cryptocurrency market reveals that Bitcoin’s major rival strengthens positions with rising market capitalization and increasing trading volumes.
Data changes made by CoinMarketCap shows tumbling cryptocurrency market and causes an uproar in the crypto community.
After its bullish run to above $800 billion, crypto markets are seen correcting by nearly 10%.