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Ripple Makes It to Top 100 Cross-Border Payment Companies

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Fri, 02/21/2020 - 07:15
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  • Ripple appears on the list of the top 100 biggest cross-border payment companies together with the likes of UBS and PayPal

Cover image via www.shutterstock.com
Contents

San Francisco-based blockchain company Ripple has been recognized as one of the most prominent players in the cross-border payments industry by financial data company FXC Intelligence 

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Making the cut 

Ripple is the only crypto-related company that made it to the top 100. The list was divided into several sections that feature the world's biggest banks (Bank of America, Deutsche Bank, City, UBS) as well as large publicly traded companies such as Visa and PayPal. 

Many of the names that appeared on the list are actually partners with Ripple. The most salient examples are MoneyGram and TransferGo. 

RippleDLT
image by fxcintel.com

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Beyond cross-border payments 

During his recent CNN interview, Ripple CEO Brad Garlinghouse predicted that the $10 bln company might extend far beyond the cross-border payment niche, thus mirroring the growth of e-commerce behemoth Amazon that originally started selling books. 

However, he emphasized that it was important to win in the current verticle before moving to another one.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Tue, 03/31/2020 - 19:25
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crypto to
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  • Bitcoin (BTC) bulls have high hopes for Q2 after the coronavirus-induced crisis tanked the price of the leading cryptocurrency

Cover image via stock.adobe.com
Contents

Bitcoin, the number one cryptocurrency by market capitalization, is set to finish its tumultuous first quarter of 2020 in the red with a 10.65 percent drop, according to crypto data provided by Skew.    

As reported by U.Today, it suffered a price crash of enormous magnitude due to the coronavirus pandemic that resulted in the global economic shock. 

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The stellar quarter that wasn't 

In early 2020, Bitcoin was on track to have its best Q1 since 2013. In fact, it gained more than 50 percent after reaching its current yearly high of $10,508 on Feb. 13. However, this rally hit a snag and BTC printed its first negative February close in six years

All bull dreams have been brutally shattered after the 'Black Thursday' of May 12. On top of halving its price in less than one day, BTC was actually in great danger of hitting zero because of a string of liquidations on BitMEX. 

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The odds are in the bulls' favor  

That said, there is still a good chance that the bulls can stage an impressive comeback in Q2, which is historically the most successful quarter for the leading cryptocurrency.

Last year, BTC kicked off its impressive rally on Apr. 2 with a sudden 20 percent price pump.   

At press time, BTC is sitting at $6,480, continuing its streak of range-bound price action.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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