According to Coinmarketcap.com, Ripple (XRP) is currently the third most popular cryptocurrency by capitalization, holding steady at about $32 billion dollars. As of the start of this week, it has been the only top-5 cryptocurrency that has had a positive trend since it started trading. However, the Thursday sell-off took it to new lows around 0.92.
Even in light of the digital currency’s impressive run-up in December and the first half of January, it still has quite a bit of potential for future growth. The Ripple technology has one huge advantage: near-instant international payments. With Ripple, such transactions are processed in just 10–15 seconds, while in the SWIFT system they can take up to 3 days. This is exactly why news from the financial sector could further spur Ripple’s growth.
What Would Drive Ripple’s Growth?
Last week it became known that the Ripple team had concluded two new partnership agreements. The first was with the telecom company IDT, and the second was with the international payment service MercuryFX. They will test the functionality of xRapid Ripple, based on the Ripple token (XRP), for the purpose of increasing speed and lowering commissions when making payments.
As of …
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