On Sunday 18 April 2021, we saw a massive bloodbath in the cryptocurrency trading market where $10+ billion was removed from the overall market capitalisation of cryptocurrencies across the world. Once such coin that has been consolidating and was also part of the dips on Sunday is Ripple (XRP), a crypto coin which has been closely watched since a couple of years now.
While most crypto coins started falling on Sunday, Ripple has been consolidating since 13 April after hitting its new high of $1.98 right before that. Overall, the fourth highest in terms of market capital among all cryptocurrencies, XRP has a total of $58.41 billion in investor money and a total trades of $17.93 billion in the last 24 hours itself.
It’s still one of the highest potential crypto coins in the market and that’s why it’s recommended to sign-up to crypto trading platforms like WazirX and buy a little bit of XRP yourself. In the most recent developments, Ripple has gone on to partner with Novatti Group, an international payments firm, as part of their bid to continuously expand in Asia.
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The partnership will mean using RippleNet’s ODL service and leveraging the XRP coin for instant, cross-border payments. The partnership will be carried out by iRemit, a financial services company, which will initially focus on transactions between Philippines and Australia. Philippines happens to be the third highest in terms of remittance-receiving countries in Asia.
In another recent development, Ripple partner SBI Holdings in Japan is all set to offer XRP as a bonus payment to all those who participate in the SBI Holdings IPO, with the issue date being 27 April 2021. Clearly, the Ripple future is good and you can sign-up to WazirX for purchasing some XRP as well.
For more updates on XRP and other cryptocurrencies, stay tuned to ReadScoops.com…
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