Ripple (XRP) is in the coming altcoin news for its relatively quick surge which mimicked Bitcoin’s growth – going up by 15.1% and emulating Bitcoin’s performance. Ripple has been described like a potential replacement to SWIFT by many websites – and the growing demand for the xRapid solution is definitely one of the hot topics.
For XRP investors, Ripple up by 15.1% means that widespread adoption is on its way and is the only route for better prices. The demand for Ripple will obviously fuel the next wave, propelling prices out of this 10 cents range towards 60 cents or higher.
The Ripple up scenario means that there is hype around the altcoin too. Some even say that XRP is a cheaper alternative with technology for the unbanked. Given the edge that Ripple as a platform has including speed, the entry of Libra will definitely not be a game changer.
However, Ripple must counter Facebook’s broad base, as many best cryptocurrency news sites note. The Ripple up initiative is not all that the altcoin needs to do that. As the altcoin news show, Libra could disrupt the existing financial and money transfer landscapes – and XRP could offer a way through.
One of the examples of the xRapid adoptions is with the company MoneyGram. Despite its struggles with financing, MoneyGram has leveraged xRapid as an option that is speedy, efficient and above all, beneficial for XRP investors in that demand will mostly come from their operations.
Price wise, Ripple up means that XRP bulls are on a roll. Even though they are struggling below the $0.50 level, there is a spike in activity and that level could soon be reached and passed. External events like the rise of BTC and fundamental factors favoring the use of xRapid are definitely associated with this rise.
The XRP is up – and the price of Ripple is expected to continue surging next week. If the bullish momentum by Bitcoin remains on the market, we could definitely see XRP going over the $0.50 mark and potentially coming closer to the dollar high.
As such, many aggressive traders are featured in the altcoin news for their readiness to make most of the Ripple up initiative and profit from the $0.60 target that many of them have set for the short term.
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Moneygram’s US-Mexico Business Is Crypto Enabled By 10%
“The 10% relates to the ODL (On-Demand Liquidity) platform and represents the percent of our Mexican peso volume that we trade. We take USD and buy Mexican pesos. We continue to work with Ripple to build liquidity. We now have four new corridors we are starting, including the Philippine peso and Australian dollar. True success will be determined by others joining the platform, so it’s early days.”Holmes did not want to reveal the size of Moneygram’s US-Mexico business but he seemed pretty happy to talk about the potential of the technology and how it will bring ease in the international transactions process to the new countries. Ripple’s technology, on the other hand, is also known to be among the best remittance services in the crypto industry with great partnerships around the globe.
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