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Ripple Exec: 10 Major Partners Make Active Use of XRP

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Sat, 05/04/2019 - 11:25
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Yuri Molchan
⛓A Ripple top manager states 10 major companies from the financial industry are utilizing the xRapid technology along with XRP coins for transnational payments
Ripple Exec: 10 Major Partners Make Active Use of XRP
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Marjan Delattine, a Ripple executive, has recently assured the community that 10 major institutions in the sphere of finance that Ripple officially cooperates with are now actively using its xRapid blockchain solution, along with XRP for transnational payments.

10 partners VS 200

Unlike the xRapid solution with an actual use of XRP by merely 10 partners so far, the xCurrent platform that speeds up transnational operations is being utilized by over 200 partners.

Still, Delattine points out that the volume of XRP these 10 players are using, is growing every day.

The announcement was made during the Blockchain week summit in Paris.

Related
[Updated] XRP WASN'T Snubbed by MAS. Ripple’s XRP Faces Yet Another Blow from Major Banking Institution

XRP hits $0.77 on BitBay

At press time, XRP is trading at $0.30 as per CoinMarketCap. However, on Friday, BitBay exchange showed a miraculous surge of this third largest by market cap coin to $0.77, while the high XRP hit on Binance was only $0.32.

https://bitbay.net/en/exchange-rate/xrp-price-usd
https://bitbay.net/en/exchange-rate/xrp-price-usd

This difference in the price is striking. However, currently, the XRP rate on BitBay is the modest $0.30.

One of a Twitter users mentioned in the comment thread that back in July 2018, XRP surged on BitBay to $0.55, when the exchange was trying to get investors to trade this coin more actively.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.