Blockchain 

Ripple Announces New Partnership with UK Remittance Firm

Ripple, the world’s third-largest cryptocurrency by market cap, has announced a new partnership with UK remittance firm Xendpay. The London-based firm will now become a part of Ripple’s global settlement platform, RippleNet, according to a press release issued today. Joining RippleNet will now allow Xendpay access to markets in Bangladesh, Malaysia, the Philippines, Vietnam, Indonesia, and Thailand. Xendpay is a money transfer platform that is popular among migrant communities as it allows them to repatriate funds while, crucially, giving them the option to waive transfer fees through its Pay What You…

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Blockchain 

Ripple (XRP) is Correcting from Highs

One of the cryptocurrencies that has quietly become one of the strongest tokens is XRP. Much of the credit for it perhaps goes to the company Ripple, which manages the cryptocurrency and has managed to sign significant deals that have XRP at its center. It has signed plenty of deals over the years, and that makes it possible to look upon XRP as a cryptocurrency which has a use case. Some leading financial institutions are conducting pilot tests on the product while money transfer company Moneygram has already announced a…

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Blockchain 

Ripple Partnership | Santander Group Expands the Usage of One Pay FX

Over the course of the past couple of years, Ripple has forged a range of partnerships with major banks and financial institutions with one single aim. The main aim of forging these partnerships has been to make the cryptocurrency XRP the digital asset of choice for some of the leading financial institutions. The Spanish banking giant Santander (NYSE:SAN) had been one of the first major banks to sign up with Ripple back in the day and currently uses the xCurrent software to facilitate payments through the One Pay FX service.…

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Blockchain 

Ripple to Invest 1 Billion XRP to Fund Online Content

Over the past few years, plenty of cryptocurrencies have come to the fore due to the example set by Bitcoin and one of the most interesting cryptocurrencies to have emerged during that time is XRP, which is backed by San Francisco-based Ripple. It is the third biggest cryptocurrency in the world by market cap, and over the course of the past few years, Ripple has been working tirelessly to create an entire ecosystem powered by XRP. On Thursday, the company announced that it is going to invest $4 million in…

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Blockchain 

Ripple (XRP) Gains Regulatory Clarity in the UK

While cryptocurrencies may have initially started with a revolutionary idea about decentralized financial systems, most cryptos are now looking for ways to enter the mainstream. However, for that to happen, there needs to be regulatory clarity, and once it is achieved, then regulated cryptocurrencies can manage to attract investments from institutional investors. Over the past months, the regulatory bodies in the United States have expressed skepticism towards cryptocurrencies at large and even the President urged Facebook to apply for a bank license if it wanted to launch its cryptocurrency Libra.…

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Blockchain 

Technical Price Analysis | Ethereum (ETH) and Ripple (XRP)

Last week, Ethereum (ETH) showed some near-term recovery against the US dollar with the ETH/USD pair forming a support base above $200 before showing signs of upside correction. On the other hand, Ripple (XRP) did not perform well last week with prices falling by over 7%, but in Monday’s session, the coin has been rather stable. Ethereum Price Analysis For the better part of the week, ETH was trading above the $208 and $216 resistance levels. Additionally, the coin saw a break above the Fib retracement level of 23.1% for…

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Blockchain 

Ripple Sells Over $250 Million in XRP in Q2 2019: What’s Next?

On July 24, Ripple Labs Inc., the company behind XRP, released its Q2 2019 report, which revealed that it had sold over $250 million in XRP in the quarter. The report outlines Ripple’s strategy of selling XRP going forward as well as focusing on establishing legit trading volume data. Ripple Reports 48% Quarter-to-Quarter Increase in XRP Sales In the first quarter of this year, Ripple sold $169.42 million worth of XRP, which means there was a 48% quarter-to-quarter sales increase for the second quarter. Going forward, the company intends to sell…

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Blockchain 

Ripple (XRP) Gains After Bank of America Includes Ripple Ledger

Ripple (XRP) has turned bullish as the number of banks leveraging its decentralized network for cross border payments continues to rise. Reports that Bank of America has filed a patent for a settlement system citing Ripple ledger is one of the catalysts fuelling XRP price action right now. Ripple Price Catalysts The patent describes a system that utilizes a distributed ledger technology to facilitate interbank communication. With the proposed system, BAC seeks to enable real-time settlements through a decentralized ledger. The filing of the patent is of great importance as…

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Blockchain 

Altcoins Recovering | Ethereum (ETH) & Ripple (XRP) Lead Crypto Higher

Cryptocurrencies are trying to bounce back after a steep pullback from one-year highs. Bitcoin (BTC) is trying to bounce back after coming under immense pressure after rallying to highs of $13,000. Altcoins Ethereum (ETH) and Ripple (XRP) are also showing signs of bottoming out. Cryptocurrency Analysis Despite rallying by 2.6%, Bitcoin finds itself below the $10,000 psychological level. Below the mark, the flagship crypto remains susceptible to further drops given the short-term bearish momentum. While there were expectations that Bitcoin would skyrocket during the American Independence day, that never happened.…

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Blockchain 

Ripple Performs Better than Broader Crypto Markets on Technical Support

One of the most interesting cryptocurrencies to have emerged over the past few years has been Ripple (XRP), and it has managed to hold onto its position as the third biggest cryptocurrency by market capitalization. However, it has not had the best year so far, despite threatening to break out more than once. In a new development that will be welcomed by those who hold XRP, the cryptocurrency has managed to outperform the market amidst all the chaos. XRP Finds Support While most of the market has been in a…

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