Ripple (XRP): After the big crash in cryptocurrency market, the value of crypto coins are slowly increasing. In that way, the price of Ripple is also increased by 4.42% in less than 24 hours. It is a good day for Ripple which has started by increasing. Ripple (XRP) is the fastest and most scalable digital asset enabling real-time global payments anywhere in the world.
Financial institutions such as Cuallix, MoneyGram, MercuryFX, and IDT Corporation are piloting the use of Ripple (XRP) in the payment flows, it is the source on-demand liquidity for cross-border payments. It also removes the need for intermediary banks that have pre-funded local accounts. Thus creating a real-time payments experience.
Ripple Network New Partnership
Recently LianLian International, a China-based payment services provider, has partnered with RippleNet in order to offer faster and less expensive cross-border transactions to their customers across the US, Europe, and China. RippleNet is Ripple’s decentralized global network, made up of banks and other financial institutions, that handles the real-time confirmations of financial transactions.
Ripple CEO Brad Garlinghouse Talks about XRP at Yahoo Finance Summit. In that, he said that Ripple will be the payments company that uses blockchain and digital tokens to solve the problem of payments and liquidity. He also said the revolution of blockchain isn’t going to come from outside the system. It’s going to come from inside the system. Hence Ripple will soon become the Long Bitcoin. The current price of Ripple (XRP) is $0.787877 USD.